Cleaning Up Gains With "cleaned" Early Silver?

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Author	Replies: 3 / Views: 1,137
Quenton New Member United States 42 Posts	Posted 03/09/2009 07:57 am Back to that upcoming Stacks Baltimore Auction catalog referred to in the Buyers and Sellers Market topic, I noted that indeed some early silver dollars (like the draped liberty ones), are sold raw and others slabbed. It appears that if "cleaned", you can actually purchase a beautiful coin for a third of the price if slabbed. Some of the raw ones with "cleaned" in the description are going for like $5000 (see the 1802s for example). But the slabbed ones are still available for less than the going rate of $3000. Is cleaned with VF 30 or 25 "details" on an ANACS slab so bad? If you were to crack them out, would you make more? Wondering this as I contemplate bidding... I could not afford those coins uncleaned. But the other question I had is how often do those early coins exist in a truly uncleaned state? Report this Post to the Staff

atlashealth Pillar of the Community United States 1691 Posts	Posted 03/09/2009 1:57 pm The short answer is buy the coin and not the holder...if you determine a coin is better than the holder states...you may want to consider buying it..if you decide to liberate it from its holder, most FORUM members wouldn't mind one bit..good luck Report this Post to the Staff
biokemist6 Bedrock of the Community United States 12437 Posts	Posted 03/09/2009 2:13 pm You have to keep in mind also that there are varying degrees of cleaning. One cleaned coin may be a bit bright for its age and luster could be muted and another looks like it was scrubbed with brillo- two coins, both cleaned, but obviously one will be worth much less than the other. As far as cracking out a problem coin and attempting to make more money, I would avoid that because it skirts the boundaries of fraud. A while back, one particular ebay seller was purchasing high-end problem coins from Heritage(one I remember was a 1918/7-D SL quarter) then cracking them out from the slab and trying to resell them for much higher prices as problem-free coins on Ebay- very shady indeed Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 03/17/2009 10:33 am Something else you must consider is the die variety. You can have two coins with the same detail grade, one original and slabbed, the other raw and cleaned, and the raw one could sell for much more depending on the die variety. Report this Post to the Staff
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Cleaning Up Gains With "Cleaned" Early Silver?