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Valuing Cleaned Coins - Is There A Method?

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Pillar of the Community

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 Posted 06/12/2023  11:26 am Show Profile   Bookmark this topic Add Blastenpene4 to your friends list Get a Link to this Message Number of Subscribers
So I'm wondering if that's an objective way to value a cleaned coin. Let's say you have a coin that's sharp uncirculated details, but it's obviously been cleaned. If it would have been MS63 uncleaned, would its value generally equal 2 or 3 grades lower - say MS60? Curious as to thoughts on this since I see so many older coins that have been cleaned but are still nice examples.
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jbuck's Avatar
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 Posted 06/12/2023  11:39 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
When it comes to cleaned coins, value is going to be more subjective and up to the buyer what it is worth. I have a few cleaned coins in my collection. The discount I received has varied, but I ultimately paid what I was comfortable paying for a coin that appealed to me. The same coins may have received more or less from different buyers with different tastes.
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Coinfrog's Avatar
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 Posted 06/12/2023  11:46 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
That says it well.
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 Posted 06/12/2023  11:55 am  Show Profile   Bookmark this reply Add Blastenpene4 to your friends list Get a Link to this Reply
Thanks very much. I'm thinking about one that's a beauty, but obviously cleaned. I want to make a good decision, but I guess it boils down to what I'm willing to fork over. I suppose there are just too many variables on cleaning for a hard rule. In a way it's the same with slabbed coins; looking at two theoretically identical coins with the same grade from the same TPG, you can have one that's a beauty and one that's a dud.
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kbbpll's Avatar
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 Posted 06/12/2023  12:12 pm  Show Profile   Bookmark this reply Add kbbpll to your friends list Get a Link to this Reply
NGC price guide is a handy way to do some comparisons. Under MS60, AU50, etc they list auction prices for Details coins alongside the straight-graded. As mentioned above, lots of variables. A cleaned coin that would have been MS64 otherwise may have sold for more than a regular MS60, someone could have cherrypicked a scarce variety, etc.

Post the coin you're curious about.
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John1's Avatar
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 Posted 06/12/2023  12:14 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
Question to all members:what percentage less would you pay for a cleaned coin? Say 20%?
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jbuck's Avatar
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 Posted 06/12/2023  12:16 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
In a way it's the same with slabbed coins; looking at two theoretically identical coins with the same grade from the same TPG, you can have one that's a beauty and one that's a dud.
Not a bad analogy, just take it to the next level!

For most, it all comes down to eye appeal, and everyone has their own tastes. This is why we say buy the coin, not the slab/holder. Ignore everything written on a coin holder (whether a slab or a dealer's 2x2) and just look at the coin. You usually know when you like a coin or not. Then you have to figure out a price. Grade it to the best of your ability, knock points off for cleaning if it helps for checking price guides. No harm in making an informed offer.
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John1's Avatar
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 Posted 06/12/2023  12:52 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
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 Posted 06/17/2023  08:33 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

I too say that.
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 Posted 06/17/2023  09:22 am  Show Profile   Bookmark this reply Add jcassity to your friends list Get a Link to this Reply
i am so glad someone brought up this topic and its being discussed in a cival and insightful manner.

only in the world of coin collecting would the "existence" of filth , bacteria, actual living fungus add value to a coin.

There is a fine line between patina and filth when the end result of two identical condition coins are graded and one is more valued because of said filth. I dont have to say it but I will,-- its amazing the amount of crap that is on coins.

I collected heavily in the late 70's and early 80's before the existance of organized parties decided to tell us what "is" and "is not" of any value, not all that different from many of you all.

I am of a mindset that the collecting community should consider the possibility exists that a man can achieve a cleaning of a coin and ***NOT*** degrade its value. To futher clairify, if I am able to achieve a cleaning of a coin and not leave any trace that cleaning has occured then the coin should not be considered compromised. In reality, it should be noted as professionally restored!

I have only twice sent coins in for grading just to go through the experience and learn what the process is. I sent coins to PCGS and to NGC.

I paid for grading but requested the coins not be put into a case. In both instances I did not get actual grades but I did get general feedback of the coins when I inquired. Basically I threw money into the wind but in reality I was professionally testing my ability to clean a coin and see if the professionals could detect it. this was my only objective. In both cases neither PCGS or NGC ever stated these were "details" types however PCGS illueded to their feeling that there appears to be a lack of expected build up of deposits and such.

My point here is that if a seller "wants" to clean a coin, then they should in order to restore a coin to its fullest potential.
If the owner of a coin fails to clean with a method of proceedure that shows evidence, then shame on them.
If the owner of a coin is abe to get rid of all the filth, mildew, etc without leaving a trace of evidence they did so, then it grades as restored,, it should be a net or Net+.,, not negative.

Here is how I clean coins and just so everyone knows,,,

Harbor Freight Sonic Cleaner- do not use the "heat" option.
hand made Rack bent up zig zag saw tooth pattern plasti-coated rabbit wire to hold 5) 8'' log rows of coins.
the hand made rack drops into the sonic cleaner and stays vertical.
i am able to fit 8 of these racks into this one sonic cleaner easily. (thats a lot of coins.

Next, Use only Pure DISTILLED WATER.
My sonic cleaner is a 1/2 gallon capacity.
Purchase on Amazon, food grade Phosphoric Acid Concentrate.,,, 80$ a gallon.
(on my youtube channel you will understand why every man should have this stuff for rust prevention on DIY projects.) My channel is called I FIX IT ALL, look for a 20th anny Mercury Cougar Emblem as my avitar. This stuff actually is the primary ingredient in all good rust removal / Rust conversion products. Its the 3rd most corrosive chemical to use but the safest for human contact.
Use 1oz of phosphoric acid to 1/2 gallon of distilled water for this particular application.
drop coin racks into the cleaner and let it run for a time frame that suits you,, generally I see 3min as sufficient.

Next part is critical,,
lift out each rack and rinse off with tap water then right away start dunking them into a separate fresh container of new distilled water,, just dunk the in and out and let the coins drip / air dry. "REAL" distilled water leaves no water spots ,, and if you can ,, avoid using tap water as a rinsing method at all,,,, to be 100% sure of spotting.


I am not a fan at all of friction methods of cleaning because you can not ever use any "touch" method and leave no trace. its impossilble. Its my firm belief that if a person is able to "care" for a coin in such a way that they are cleaning with a method of proceedure that is in good stewardship of the community, they by all means if they achive removal of all the ***FILTH** why not get a grading that is noted as "restored" for a net+ gain?

Now as a side bar here,,, if I run across a coin that has patina with no filth,,, I will not ever consider cleaning it. there is a point where Patina is a value adder,,, Patina + filth,,, nope,, that puppy is getting restored / cleaned with a hands off approach.


THOUGHTS?
Edited by jcassity
06/17/2023 09:38 am
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kanga's Avatar
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5825 Posts
 Posted 06/17/2023  09:36 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
My Rule:
1. Grade the coin as if were not cleaned.
2. Find the value for that grade.
3. Cut that value in half.
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MisterT's Avatar
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 Posted 06/17/2023  5:25 pm  Show Profile   Bookmark this reply Add MisterT to your friends list Get a Link to this Reply
I think Kanga has put it simply and correctly. That is the rule I follow too. As for the procedure for cleaning mentioned above, not a fan! If a pure acetone soak doesn't remove the gunk then just leave it alone!
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 Posted 06/18/2023  12:42 am  Show Profile   Bookmark this reply Add NumismaticsFTW to your friends list Get a Link to this Reply
Jcassidy- Sounds interesting, let's see some before and after photos of these successful coins.
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Valued Member
United States
57 Posts
 Posted 06/18/2023  12:35 pm  Show Profile   Bookmark this reply Add jcassity to your friends list Get a Link to this Reply

Quote:
"MisterT Posted - Yesterday : 5:25 pm
I think Kanga has put it simply and correctly. That is the rule I follow too. As for the procedure for cleaning mentioned above, not a fan! If a pure acetone soak doesn't remove the gunk then just leave it alone!"


Understood and I respect your view on this topic highly. I will mention that using acetone will leave a chemical trace under a black or blue light. Aceton is not so friendly to water solubility due to it bein more closely / chemical make up of petrolium,, ulike phosphoric acid which is closer to water chemially and can be dilluted with water. This means you can erase your steps. On late 82 and up pennies as an example,, the disadvantage to using phospho acid cleaning is that any area where the pating has been compromised,, the zinc within will turn into black as coal marks. Using acetone on a electroplated penney may be something I need to try as you have suggested to prevent this problem.



Quote:
"NumismaticsFTW Posted - Today :11H 45M ago
Jcassidy- Sounds interesting, let's see some before and after photos of these successful coins."


I will do a vid on it starting wtih untouched coin roll coins showing the before and after.

*** Edited by Staff to add Quote tags. [quote][/quote] Please use them in the future. ***
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Sap's Avatar
Australia
16816 Posts
 Posted 06/18/2023  10:02 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
To answer the OP's post: the difficulty in assigning a hard and fast rule for valuing a cleaned or otherwise damaged/ungradable coin is the reason why the TPGs don't "net grade" such coins; net grading would imply the TPGs have an official opinion on how to value a cleaned coin, which they do not and can not have.

My personal rule, for consideration: when you look at a "badly cleaned coin", consider how long you'd need to use it as a pocket piece before the evidence for the cleaning is worn away. How worn would the coin be at that point? Then assign a grade to that level of wear, and look up the price of the coin in that grade. That is it's "cleaned value".

As for jcassity's points, let's deal with a few of them.

Quote:
only in the world of coin collecting would the "existence" of filth , bacteria, actual living fungus add value to a coin.

Um, no. For starters, coins are made of toxic heavy metals. Biological agents do not readily grow on coins, and any that do find themselves living on a coin can easily be washed off in water, no other chemicals required, because biologicals are completely unable to "take root" in dry metal.

Quote:
I am of a mindset that the collecting community should consider the possibility exists that a man can achieve a cleaning of a coin and ***NOT*** degrade its value. To futher clairify, if I am able to achieve a cleaning of a coin and not leave any trace that cleaning has occured then the coin should not be considered compromised. In reality, it should be noted as professionally restored!

Absolutely. The problem is in doing that "untraceable cleaning". Acetone is one such untraceable method. Distilled water is another. Acids are not. Whizzing is not.

We already have this. "Market acceptable cleaning", like water or acetone, is straight-graded by the TPGs. No need for marking such coins as "restored". A difference that makes no difference is no difference, and these market-acceptable cleaning methods don't make a difference to a coin's condition.

Quote:
Harbor Freight Sonic Cleaner- do not use the "heat" option.
hand made Rack bent up zig zag saw tooth pattern plasti-coated rabbit wire to hold 5) 8'' log rows of coins.
the hand made rack drops into the sonic cleaner and stays vertical.

Ultrasonic cleaning is a wonderful method for cleaning coins, in theory. The problem always comes down to the practical application of that theory. Specifically, how to suspend a coin in the cleaning solution without it touching anything. And I do mean anything - the coin needs to levitate in the water. The bottom of the bath, any rack the coin sits on, or even a piece of string tied around it, will be a friction point. As the coin rapidly moves back and forth due to the ultrasonic waves, anything it is touching will be a small friction point - a wear point.

Quote:
Use 1oz of phosphoric acid to 1/2 gallon of distilled water for this particular application.

Phosphoric acid is, of course, the reason why Coca-Cola "works so well" at cleaning coins. At that ratio, you're using a solution at about 1.3% phosphoric acid - that's over 20 times stronger than Coke (about 0.05%), though of course fizzy Coke has dissolved carbon dioxide (carbonic acid) in it as well, making it more acidic (only about half of the acidity in fizzy Coke is due to the phosphoric acid).

Sonication removes physical dirt and grime by creating microscopic bubbles on the surface of the coin, which then implode. You would normally need a surfactant (soap or detergent) to get these microbubbles to form, but when metal is dissolving in acid, the bubbles come from the hydrogen gas generated as a byproduct of the chemical reaction. The acid would do this work just fine without the sonciation, but the sonication would help the acid to dissolve the coin much faster.

I would strongly suggest you avoid the acid.

Quote:
Aceton is not so friendly to water solubility due to it bein more closely / chemical make up of petrolium,, ulike phosphoric acid which is closer to water chemially and can be dilluted with water.

Um, no. Nether phosphoric acid (H3PO4) nor acetone (CH3COCH3) are similar to water (H2O), though if anything, acetone is closer to water in terms of chemical and physical properties: both acetone and water are polar solvents, which is why acetone is completely soluble in water. Phosphoric acid is an inorganic acid and as such strongly ionic; it doesn't have "molecules" in the same sense that water and acetone do.

In terms of origin, both of them come from rocks. Acetone is normally derived from fossil fuels (as a byproduct of phenol production), but it can be produced biologically (during WWI the British pioneered industrial-scale acetone fermentation, to help them make explosives while oil shipments were restricted under German U-boat blockade). Phosphoric acid is made from phosphate rock.

Quote:
I will mention that using acetone will leave a chemical trace under a black or blue light.

Um, no it won't. Acetone cleaning, if done properly, leaves no trace; the acetone evaporates away quite quickly and completely in normal conditions. What might leave a trace is improper (or, if you like, "unfinished") acetone cleaning, where the acetone has washed off the organic goo as intended, but has then evaporated away, leaving behind a thin film of "goo" all over the coin. The answer here is not avoiding using acetone, but rather, using more of it. After the acetone soak, a coin needs several "rinses" in fresh acetone, to wash off the contaminated acetone before it dries. Some people advocate a final rinse in deionized water but this is redundant; anything that four rinses with acetone might still leave on a coin isn't going to come off in water. But, a DI water rinse can't hurt either, so if it makes people feel better, go ahead and water-rinse.

The main problem with acetone (besides the whole "highly flammable" aspect) is contamination. This contamination doesn't usually come from the acetone itself, but from whatever it is that you're using to dunk the coins in and out of acetone. You shouldn't use your bare fingers, because acetone sucks the oil right out of your fingertips and that oil can then get deposited onto your coin. And many types of plastic or rubber will depolymerize and dissolve in acetone, so if you use rubber gloves, they need testing to ensure they're acetone-resistant. Glass and metal objects are safer, though of course you have to be careful not to scratch the coin when using these; cellulose-based items (paper, cardboard and pure cotton) are also acetone-safe.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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HondoB's Avatar
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 Posted 06/18/2023  10:54 pm  Show Profile   Bookmark this reply Add HondoB to your friends list Get a Link to this Reply
Thank you, Sap.
Inordinately fascinated by bits of metal with strange markings and figures
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