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Value Vs Condition. Keep Or Spend?

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43 Posts
 Posted 11/05/2020  4:58 pm Show Profile   Bookmark this topic Add Bluefalco to your friends list Get a Link to this Message Number of Subscribers
If you were to come across a coin that may appear to have the characteristics of a variety coin but the condition of that coin is generally beat up and barely discernable what is the verdict?
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CoinHunter27's Avatar
United States
5887 Posts
 Posted 11/05/2020  5:01 pm  Show Profile   Bookmark this reply Add CoinHunter27 to your friends list Get a Link to this Reply
Typically if I find a variety I need for my collection, I will keep it unless I have a better example of that particular variety already. If I do not already own one, then I will keep it as a placeholder. Once a better example comes along, I will sell or release the lower grade example. What did you find?

-CH27
Collector of U.S. Coins, Varieties, and Colonial Coinage
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jbuck's Avatar
United States
189767 Posts
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Keith67's Avatar
United States
6617 Posts
 Posted 11/05/2020  5:03 pm  Show Profile   Bookmark this reply Add Keith67 to your friends list Get a Link to this Reply
It would help to know what coin you are talking about
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ijn1944's Avatar
United States
19229 Posts
 Posted 11/05/2020  5:26 pm  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
Small chance we can see a photo or two?
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nickelsearcher's Avatar
United States
15519 Posts
 Posted 11/05/2020  6:04 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
to the CCF

We could help better if you were more specific on the question - what type of coins/variety are your referring to?
Take a look at my other hobby ... http://www.jk-dk.art
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sel_69l's Avatar
Australia
21788 Posts
 Posted 11/05/2020  6:11 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
If you are an error or variety collector, you are a serious student in acquiring coin knowledge.
That makes you a particular sort of numistmatist, not just a coin collector.

As such, those errors and varieties that are most critical are those which best display that error or variety,
and thus
condition or value is of lesser importance.

Notwithstanding, those errors and varieties that command higher value due to rarity condition or market demand, are those which usually deserve priority in your collection.
Edited by sel_69l
11/06/2020 06:51 am
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Coinfrog's Avatar
United States
94367 Posts
 Posted 11/05/2020  6:25 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
It really depends on the particular variety and the extent of the damage. Pics would help.



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43 Posts
 Posted 11/05/2020  7:26 pm  Show Profile   Bookmark this reply Add Bluefalco to your friends list Get a Link to this Reply
Thstis is more a hypothetical question than an actual example. Most varieties worth looking for are stabbed at MS65 or higher. Well, what if I suspect the variety and markers but the coin is. A Fine or VF. Or hardly a good. Worth the trouble. I cn see exceptions in the most sought after varieties, but what about the lesser with cost of grading and wasting your knowledge for 15 cents? Am I making any sense? I have over 40 years or coins to look through from multiple sources. The task seems overwhelming and am just curious as to how nice it looks compared to pursuing the value. Thanks for input.
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43 Posts
 Posted 11/05/2020  7:41 pm  Show Profile   Bookmark this reply Add Bluefalco to your friends list Get a Link to this Reply
I find it quite difficult to discard any coin I view due to my lack of knowledge. Anyone want to look through all of this stuff for a %? I will probably not live long enough to scrutinize what lies before me.
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SamCoin's Avatar
United States
3237 Posts
 Posted 11/05/2020  8:24 pm  Show Profile   Bookmark this reply Add SamCoin to your friends list Get a Link to this Reply
Really depends what the variety is and how bad the condition is. If it's something significant, I will absolutely keep it regardless of condition. If it's minor and toasted, may tube it or may just toss it.
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merclover's Avatar
United States
10635 Posts
 Posted 11/05/2020  10:06 pm  Show Profile   Bookmark this reply Add merclover to your friends list Get a Link to this Reply
As others have already stated, it really depends on the coin. There is no one answer that would cover absolutely everything. We'll be happy to give our opinions on coins as you come across them.
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Petespockets55's Avatar
United States
5792 Posts
 Posted 11/06/2020  03:59 am  Show Profile   Bookmark this reply Add Petespockets55 to your friends list Get a Link to this Reply
Try not to get overwhelmed. 40 years worth of coins x2 is a daunting challenge but it can be done. (Maybe practice yoga while searching to reduce stress. )
If I were in your shoes with that much material, I would search for major stuff that jumps out at me and be happy if I got through it all.

You could always go through it a second time and scrutinize it more closely or sell it off. We know a guy that searches boxes of Lincoln cents each week, but only looks for major stuff. He does it for the enjoyment and stress relief. You can do it that way also.

Let us know how the search goes. We love seeing great finds and with these coins going back to 1980 you are bound to have some winners.
Words of encouragement are one of the major food groups.
We need to consume them regularly to thrive and grow.
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43 Posts
 Posted 11/06/2020  12:02 pm  Show Profile   Bookmark this reply Add Bluefalco to your friends list Get a Link to this Reply
Thanks for the support and encouragement. I've been separating into decades first, then back through them to pull key dates. It is forty yrs of putting coins away but the date all the way back to early 1900's. There must be something good hiding in there somewhere!
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scopru's Avatar
United States
5029 Posts
 Posted 11/06/2020  2:08 pm  Show Profile   Bookmark this reply Add scopru to your friends list Get a Link to this Reply
I am sure there is a lot of good hiding in there. Even if it is just fond memories. Baby steps when searching a lot of coins for specific varieties or keys. Each day of a little progress adds up to a lot before you know it.
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