| Author |
 Replies: 14 / Views: 1,965 |
|
|
New Member
United States
3 Posts |
I recently sold a 2003 1 ounce panda sealed in plastic for $1,225. The same buyer is interested in my 1986 panda with an offer of $1,157.80, but I haven't contacted him back yet. The problem is that this coin while in plastic is not sealed and has spots on both sides, which I recently learned is patina or "tones." My questions are does this affect the value in any way? or should I try to clean it? Are the prices fair? thanks.
|
|
|
|
Pillar of the Community
United States
4846 Posts |
no, I would not advise cleaning it, and no, the spots should not affect the value, as long as if it is natural
|
|
Pillar of the Community
United States
4846 Posts |
let me rephrase that, NO! NEVER clean a coin 99.99999% of the time. do NOT clean this coin
|
|
Pillar of the Community
United States
1534 Posts |
Dipping a coin in Acetone is generally not considered cleaning and often can be beneficial to a coin. I don't know if your Panda would be benefited by a dip in Acetone, so I'd wait for one of the chemistry experts to chime in. Tell the person about the problem and let he/she decide what they want.
|
|
Pillar of the Community
United States
968 Posts |
Show the guy a picture of the coin (both sides). Don't make a huge deal about the spots but don't hide them either. If he still wants it at that price then sell it and don't worry about it anymore.
I think Acetone is primarily for removing organic residue from coins. Your spots don't sound like organic residue so I doubt it will do much.
|
|
Valued Member
United States
467 Posts |
1200ish is the going rate for these. You are giving him a good deal.
|
|
New Member
 United States
3 Posts |
I appreciate all the informative comments...I won't try to clean it off. If you were a buyer would the patina or non sealed plastic covering affect your decision to buy this 1986 coin? I'm not sure why it wasn't sealed or if the covering came loose, because I don't own this particular coin, I'm just trying to sell it for a family member on craigslist.
|
|
Pillar of the Community
United States
1534 Posts |
No, some people like patina and some don't. Show it to the prospective buyer and see what they say.
|
|
New Member
United States
3 Posts |
The buyer is saying since the plastic covering the coin is not sealed he would offer $100 less, which would come out to $1,057.80. Keep in mind he hasn't seen the coin yet. thoughts?
|
|
Pillar of the Community
United States
851 Posts |
|
|
New Member
United States
47 Posts |
He/She is offering below spot!? Look for another buyer or keep the coin.
|
|
Valued Member
United States
56 Posts |
That's $100 below melt value.
|
|
Pillar of the Community
United States
1080 Posts |
don't sell! (at that price)
|
|
Bedrock of the Community
United States
10982 Posts |
Bad news. Your 2003 1oz gold BU Panda trades at $300 to $400 over melt because of its low mintage. It is a $1400 coin easy.
The 1986 has a much higher mintage and trades at melt +$100 or $1250 today.
The spotting you describe is normally easy to remove, but do not try it if you have no previous experience. It does not hurt the value a bit and I would not consider less than $1200 for the 1986.
|
|
Pillar of the Community
United States
968 Posts |
It is a gold coin, so I don't get what his issue is with the plastic not being sealed since it won't react with anything. If he doesn't like the patina don't worry about it, somebody else will. He's just trying to get you to lower the price. It is a pretty basic negotiating technique, find some minor "flaw" and make a big deal about it.
|
| |
Replies: 14 / Views: 1,965 |
|
Posted 04/04/2010 10:48 pm
