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Estate Collection

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Valued Member
United States
365 Posts
 Posted 09/30/2009  11:15 am  Show Profile   Bookmark this reply Add SeriousCERES to your friends list Get a Link to this Reply
Sounds like a fun opportunity to search. I don't know German coins quite as well, but if you come across any French in there let us know, I can tell you if there's anything of note/interest among them!
Pillar of the Community
Canada
1248 Posts
 Posted 09/30/2009  4:15 pm  Show Profile   Bookmark this reply Add hhbkiddo to your friends list Get a Link to this Reply
I can tell you the current Value of almost any German coin minted from 1871 to 1945.
just need a grade and description.Or better yet, pictures.
HHB
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chris12018's Avatar
United States
2130 Posts
 Posted 09/30/2009  8:44 pm  Show Profile   Bookmark this reply Add chris12018 to your friends list Get a Link to this Reply
just carl, I can understand what your saying. But, I pride myself on being a good judge of character. As far as being robbed, They would have to get past my rotties. That won't happen. Anyway I picked up 37 Morgans, 15 Peace dollars, various coinage, & $5 1910 S IH, $5 1889 S Liberty (reeded), & $10 1901 Liberty. So far I've gone through about 12 Morgans, they seem to grade around F - Vf.they all have been cleaned . However I did find 3 that are Top 100's . My question is how much does cleaning drop the the value?
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cownas22's Avatar
United States
1055 Posts
 Posted 09/30/2009  8:53 pm  Show Profile   Bookmark this reply Add cownas22 to your friends list Get a Link to this Reply
WOW. That was quite a buying spree you went on.

I personally do not buy cleaned coins at all.

To your question reguarding the value change. I would say from what I have seen on several auction sites and ebay that you can expect at the most about 50% value of a origial coin. I do not know much about VAMS so they may be a special case.

Please post some pics of the Gold!
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chris12018's Avatar
United States
2130 Posts
 Posted 09/30/2009  9:40 pm  Show Profile   Bookmark this reply Add chris12018 to your friends list Get a Link to this Reply

Quote:
WOW. That was quite a buying spree you went on


No, I haven't bought anything yet. Just wondering how much cleaning knocks off the value.
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cownas22's Avatar
United States
1055 Posts
 Posted 09/30/2009  10:18 pm  Show Profile   Bookmark this reply Add cownas22 to your friends list Get a Link to this Reply

Quote:
chris12018: Anyway I picked up 37 Morgans, 15 Peace dollars, various coinage, & $5 1910 S IH, $5 1889 S Liberty (reeded), & $10 1901 Liberty.


Oh... I thought "picked them up" meant you bought them, now I see you meant taking them home to view..as to your question )I still think you should not pay any more than 50% problem free price you would be willing to pay. Like I said, I do not buy problem free coins so I am probably not the best source of knowledge on this topic. I might check out ebay for slabbed problem coins of the same date/ grade (since they are Morgans it should be relatively easy) the completed listings option should show you pretty accurate market value for that specific coin.
Valued Member
United States
303 Posts
 Posted 09/30/2009  11:48 pm  Show Profile   Bookmark this reply Add hc8604 to your friends list Get a Link to this Reply

Quote:
I really think that is a bad idea. Not sure of who those people are but people are people and if you take those coins out of their home, they may always suspect you of confiscating something valuable. Also, you could loose some by accident. Or you could be robbed. Or anything could really happen and then it would be your problem to pay for something you don't know if real or not. Taking those home I think is a really bad, bad idea.
I too have to go along with wheezydog's stories of what people do and say. Maybe a little pessimistic, but better to be safe than sorry. I really suggest you tell the person you would gladly evaluate those but be carefull there too. You might just want to use a Red Book and explain that those prices are usually about 25% over but then too, how could you prove that.
Remember it has been sort of explained that they know little or nothing about coins. Regardless of what you use to evaluate those, it is difficult to tell people that the prices are what is usually sold for by dealers, not what you could sell them for. People just don't normally understand that. You might want to use a car as an example where you can buy one for xxxx but if you tried to resell that same car you would never get that amount.


I had a similar situation happen now that I think about it. I did not perform any service nor buying the coins like chris12018 is doing. A family friend gave me the coins to look over and see how much they are worth. I told him I can bring a book the next day to look it over with him, but he told me just to take it back home with me. I didn't think about it at the time, but eventually I did and he put a lot of trust into me.

There wasn't a lot of rare coins, just several Morgans and silver dimes and quarters he picked up. One Morgan listed about $70 (this was less than 10 years ago, when I just started my coin collection a bit after) and the rest were bullion dime and quarters.

I kept all the coins in a bag and did not loose any. Anyways, he was thankful for the help and I suspect he left two silver dimes in my parent's restaurant cash register a few days after my birthday! He knew I searched through the register often and plus he access to it since he was the casier too. Anyways, that is just one story
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hippiebrian's Avatar
United States
436 Posts
 Posted 10/01/2009  09:38 am  Show Profile   Bookmark this reply Add hippiebrian to your friends list Get a Link to this Reply
The fact that they were cleaned explains why the auction house who took the antiques didn't take the coins. I wouldn't pay more than 50% black book for them, if that.
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hippiebrian's Avatar
United States
436 Posts
 Posted 10/01/2009  09:39 am  Show Profile   Bookmark this reply Add hippiebrian to your friends list Get a Link to this Reply
It's too early in the morning...I meant blue book!
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chris12018's Avatar
United States
2130 Posts
 Posted 10/11/2009  09:54 am  Show Profile   Bookmark this reply Add chris12018 to your friends list Get a Link to this Reply
I found my camera,
It seems that the gold coins were also cleaned, but not as bad.

1901 $10 Liberty Head
Estate-Collection

Estate-Collection

1898s $5 Liberty Head
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1910s $5 Indian Head
Estate-Collection

Estate-Collection

1935s Peace (shows polish still on coin)


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Estate-Collection

The Morgans show very visible cleaning

Estate-Collection

Estate-Collection

Estate-Collection

Estate-Collection

All of the coins I've gone through show polish residue or cleaning. I'm still trying to put together a price that will be fair to both of us. Any & all help would be appreciated.
Bedrock of the Community
United States
20753 Posts
 Posted 10/11/2009  11:49 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
Vf.they all have been cleaned . However I did find 3 that are Top 100's . My question is how much does cleaning drop the the value?


All appear to be really nice conditioned coins but for sure look cleaned. AND that is a real problem. Many years ago that would mean nothing and actually many, many people cleaned coins and almost anything old and got more money for that object. Today that has drastically changed. And I mean drastically. Not sure why or when the don't touch it craze started but possibly with the Antique Road Show TV series or similar programs. Not sure.
However, if you do watch that show you'll hear that famous statement "If you or someone hadn't of cleaned this, it would be worth many times what I just mentioned". With coins you'll now hear many times from Numismatist that I don't buy cleaned coins. Or don't buy that it has been cleaned. Note how many TPGS's actually now put CLEANED on the lable of their slabbed submittals or just send back the coins saying cleaned.
Regardless of actual or possible value of a coin or anything if no one or few want it, the value goes down, down, down. Naturally not true of everything like a used car lot where everything is cleaned dispite the fact that it is a lemon.
So back to your question. It is difficult to really say just how much a coin has lost it's value due to cleaning. If you want a coin, need it for your collection, don't anticipate ever selling it, just like it for what it is, not planning on considering it as an investment, then who cares if cleaned.
Myself, I buy many cleaned coins. Since I put all my coins in Albums, if possible, I'd rather have a completed set than always saying I can't find that one or that one without it being cleaned. AND, they sure are a lot cheaper to buy.
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chris12018's Avatar
United States
2130 Posts
 Posted 10/11/2009  8:22 pm  Show Profile   Bookmark this reply Add chris12018 to your friends list Get a Link to this Reply
just carl, Thank you for your advice. I think I'll give it some more thought. As I said there where some top 100 VAM's & I like the gold coins.
Bedrock of the Community
United States
20753 Posts
 Posted 10/13/2009  7:57 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Again, as I said I buy many cleaned coins. To me if a coin is in really great shape or in what is called MS grades, I could care less that it may have been cleaned. If mine, they are mine, mine, mine. And I really don't care what others say about my coins.
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chris12018's Avatar
United States
2130 Posts
 Posted 10/18/2009  11:16 am  Show Profile   Bookmark this reply Add chris12018 to your friends list Get a Link to this Reply
Well, I made an offer on the collection that included 16 IHC 1874,1880,1892,1895(2),1900,01,02,03,05(2),06,07(3),08,2 2cent 1864(1cull),3 Buff nick.,7 Wash. quarters 36s,37(2),42,43s,44(2),7 SLQ 26,28(2),29(3),1 no date,1 Barber quarter 1897, 1 barber half 1912,1 Lg. cent (1837)5 barber dimes(07-08),38 Morgans,16 Peace,1 1901 $10 Liberty Head,1 1898s 45 Lib. Head, & 1 1910s $5 Ind. Head.

Thank You to all for the help and advice in this purchase.
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