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 Replies: 18 / Views: 2,246 |
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Pillar of the Community
Russian Federation
1557 Posts |
How do you feel about the Details estimates ? In what cases can they be purchased and can they really save money when collecting a collection ?
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Moderator
 United States
56855 Posts |
I personally would avoid a coin with a details designation. John1  |
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Rest in Peace
United States
18456 Posts |
Sure you can get a details coin cheaper than a straight graded coin . But I also would not go that way ,if you just want to fill a hole in an album and you can get it cheap enough ; As long as it's not heavily damaged then go for it if you want .  |
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Bedrock of the Community
Australia
21786 Posts |
Making a buying price adjustment for a details coin is very much a subjective assessment.
Depends also a lot on what series of coins you are collecting, for instance, almost every ancient coin can be considered to be a 'details' coin.
However, U.S. collectors come down very hard on U.S. coins, and there is a large percentage loss in value for a 'details' U.S. coin, even if the 'details' problem is reasonably minor in nature. Sometimes a non U.S. collector can take advantage of this situation, by buying 'details' coins with only very minor problems in the U.S., and selling outside the U.S.
That is because lots of U.S collectors don't really bother to make serious value judgements of the severity of the 'details'; they often simply ignore them instead.
Profits can be made on such items as minor 'details' La Fayette Dollars, by flipping them on international markets.
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Bedrock of the Community
United States
94367 Posts |
As noted, very much a personal and judgmental decision. I usually value condition over rarity so tend not to buy problem coins, slabbed or otherwise.
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Pillar of the Community
United States
4085 Posts |
If a coin has good eye appeal and I am going to crack it out of the slab anyway and the price is right, I have no problem with details coins. At least you know they are genuine and in building sets on a budget, sometimes compromises must be made.
Edited by KenKat
05/30/2021 10:06 am
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Pillar of the Community
United States
1316 Posts |
Such a loaded question when it comes to valuation / discount.
How is the regular demand for the coin? What is the nature of the Details labelling, eg. Harsh cleaning that left scratches all over and destroyed all eye appeal or a minor ding on the reverse and the grader was feeling really anal that day, and the other 6 days of the week it would have straight graded?
While the Details labeling certainly hurts, see the coin itself to understand why. Often the Details label is warranted, but sometimes the coin is still a great specimen and you can just pop it out of the slab and carry on with life (You wouldn't be the first and won't be the last.)
I only have a few coins that are obvious details coins, and they are usually uncommon varieties such that the price was cheap on something that rarely comes around anyways. So it was better than nothing and didn't bust the budget, so I was happy anyways.
Edited by Collects82
05/30/2021 10:19 am
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Pillar of the Community
 Russian Federation
1557 Posts |
Collectors in the US don't like the details? I have one coin with "artificial toning" details and when buying it, I really liked the look of the coin. She looked amazing. I believe that assessing the durability of such coins is very difficult. How critical, for example, is "corrosion" or "ENVIRONMENTAL DAMAGE"?"
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Bedrock of the Community
United States
10034 Posts |
For me it has to do with how bad it looks. I tend to like the idea of being able to hold/own an actual piece of history enough that sometimes I don't mind the details grade if its not distracting. Its just personal preference.
How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Pillar of the Community
United States
4233 Posts |
In what cases can they be purchased and can they really save money? Yes, you can save money, and it depends on your collecting goal and your personal standards. Some "details" coins are acceptable to me that another collector would reject. For example, here's a 1903-S 10c VG Details-Damage. It has fairly common coin roller or vending machine damage on the reverse. It is also the scarce "thick ribbon" reverse. My collecting goal was to get the less common varieties of Barber dimes, without breaking my budget. I picked this up for less than half the price of a VG, it has the variety I was looking for, and the "damage" is not extreme or distracting to me.  As others have noted, some "details" get a pass from one grader that another grader bags. And sometimes they make mistakes. What is your collecting goal, and do you have a specific coin in mind? That can make a big difference. |
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Valued Member
United States
442 Posts |
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That is because lots of U.S collectors don't really bother to make serious value judgements of the severity of the 'details'; they often simply ignore them instead.
Profits can be made on such items as minor 'details' La Fayette Dollars, by flipping them on international markets.  I am a US collector but my focus has gone to worlds. I've learned non US collectors don't have nearly the hang up on "details" stuff. Unfortunately many also don't have a hang up about cleaning some in their collection. Especially a generation ago. So it's harder to find world 100+ year old coins that aren't cleaned. Bought 5 British sovs raw at a local auction. All were 1850s or earlier. Where values actually start to climb. Graded them mostly for the authentication aspect 3 straight grade 45-53-55. 2 details in the vf xf range. One of those far enough back to really add value. Details detracted value, so how much to sell for? Sold for $550, 75-80% of what I estimated straight grade retail would have been. To a foreign buyer. From a US buyer? I probably would have gotten melt, at best. Which at the time was about $350. I've shared this next story before. But it always seems pertinent when this subject comes up. Coincidentally, same auctioneer. But this day was a blizzard with -30 F wind chill. Hour drive with winding roads. So I bought from my couch. There was an 1855 gold $1. PCGS AU details damaged. I blew up every pic as much as I could. Showed them to my wife. Neither of us could see any damage. It's a $500-$600 coin straight grade AU range. Got it for $200. Looked at it when I got it. Still didn't see any damage. Couple specks here and there. 10x didn't really see any damage. 30x? A speck on the front on one on the back I could now see were pinholes. With a slight bit of raised metal at the edge. I would never have gone out and bought a non details one at full price. But now I've got a nice looking coin that I really enjoy. I might step on a few toes with this next statement. Oh well. I always hear "buy the coin and not the holder." But it seems once "details" goes on, then people buy (or don't buy) the holder, and ignore the coin. Buy what looks good to you. |
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Pillar of the Community
Russian Federation
1557 Posts |
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I've learned non US collectors don't have nearly the hang up on "details" stuff. Unfortunately many also don't have a hang up about cleaning some in their collection. Especially a generation ago. So it's harder to find world 100+ year old coins that aren't cleaned. . I don't quite understand what you mean. Are you saying that older generation collectors often cleaned coins from their collection ? I collect US coins and noticed that it is very difficult to find early copper cents without details. In general, I wanted to know whether such coins can be considered for purchase in the collection. I am particularly concerned about saving money in such coins. I would not like to buy them for $ 100, and then hardly sell them for $ 30. Still, it's nice to see how your collection, if not growing in price, then at least not falling. And although I have already asked a question on a separate topic, I will ask it again. How to correctly assess the stability of a coin with details ? |
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Pillar of the Community
Russian Federation
1557 Posts |
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What is your collecting goal, and do you have a specific coin in mind? That can make a big difference. . I don't have any specific coins that I'm interested in, but I mostly collect classic US coins. About the difference of specialists. I have a very good example of 10 certs of 1894 VG8. I think it was clearly possible to expect " Damage"  |
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Pillar of the Community
 United States
8938 Posts |
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I think it was clearly possible to expect " Damage" That looks more like a lamination than damage from here. |
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Pillar of the Community
United States
9792 Posts |
As to "Details" graded slabbed coins, I have posted this several time, my friend Mark Borckardt gave this talk at the EAC convention in 2015 specifically on how many coins in details holders should not be over looked especially in the early copper collections. A fun talk the photos on screen during his presentation didn't translate as well to the video but the points are still very salient. Worth a watch IMO, if you have the time. https://nnp.wustl.edu/library/book/540235"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Moderator
United States
187702 Posts |
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If a coin has good eye appeal and I am going to crack it out of the slab anyway and the price is right, I have no problem with details coins. This.  |
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Replies: 18 / Views: 2,246 |
Posted 05/30/2021 08:37 am
