Percentage Of Value Diminished By A Details:cleaned Grade

Seriously tho, I think it all comes down to how much a person will buy a cleaned coin for. It's funny, I was going to start a topic the other day along this line. I wonder if others that have been collecting coins for many years have noticed that coin collectors are more willing to forgive cleaned coins and still add them to their collections.
It seems to me it was a lot more taboo 30 years ago and more acceptable these days.

I live in a tourist town and had a chance to talk to a grader from ANACS. Aprox 8 to 10 years ago you sent in a coin that has been cleaned you got it back in a body bag. Turn around time for grading was a week at most, not including travel time. But since about 40% of coins graded today come up cleaned,(turn around time 20/25 days) they have made a whole new garade for them. Slightly cleaned, Cleaned, Hrarchly cleaned, Surface altering cleaned, and something else I dont remember.
With the melt of 1918 many say only 17% of all Morgans ever minted still exist. Now in the late 1800's and early 1900's there were as many collectors as today if not more. Back then, the man of the family spent much more time with his family than the man today. He had his family, his stamp collection, his coin collection, his Lionel tain collection, he didnt have the toys we have today. A commond practice during this period, coins were shellaced/varnished to prevent corrosion.oxidation, and tarnish mainly in the X-Fine grades and lower, but many of the upper grades also.
When was the last time you saw a coin with shellac on it ? You havent, cause 90% of all circulated coins in the last 125 years have been cleaned. And the coin grading services under a micro-scope can find small parts of shellac on most circulated coins.Which tell them the coin hasnt been cleaned among other ways. What there specs are , saying what is what, I dont know. but I my self know most coins have been cleaned, and I dont need some service to tell me that for a fee. Also there is one coin grading service that will clean and encapsulate your coins for you. Its all one half dozen or another. Pardon my typing, always had some to do it for me.

http://www.uscoingrading.com/

look under coin restoration


Coin grading has become a 17 million dollar business, and coin collectors fear them, WHY? I DO NOT AND WILL NOT USE THEM
THE COIN GRADING SERVICES ARE PROMOTING CLEANED COINS AS TABOO
Some of the grading services are also the largest coin dealers in the USA

To carry on the point just a little further. Since 2 or 3 of the top grading services are also the largest coin dealers in the USA. They say so on there web site. Isn't it a little biased to say your 1894 Morgan dollar has been cleaned. How can you prove that it hasn't been cleaned?
I can see slowly, down the road where the key dates for any coin collection would be controlled by these grading services.
What brought this to mine was a dealer in South Carolina, sent in 21 coins to be graded. (All his coin are slabbed) 14 of them come back "cleaned" 12 of them key dates. Said on slab "Slightly Cleaned" Now what do you do when not one coin shows any signs of cleaning.

I just think were letting someone else take all the fun out of our hobby. Also I will bet most of you COIN COLLECTORS can see or tell if a coin has been cleaned, I can. If you cant, the coin, has'nt been "cleaned."

Thank You Kind Sir.

The above coin was 100% legal 70, 80, 90, + years ago.

I have just always really let it bother me, seeing a group of people come along and little by little destroy something.
I raced cars for 10 years and I was in the forfront about safe cars. But every years they relaxed this rule,that rule, allowed bigger carbs. Next year bigger motors, and bigger tires. Every year it was something. All of sudden what most of us were having a great time doing every weekend, now we could'nt afford to do.

I see coins going the same way. 10/20 years from now, if you coins are'nt slabed, no ones going to buy them. And the major coin grading companies will sell you your key dates. You will have no choice, because we allowed this to happen.

Weyell.... Art... you pose some good points, but you missed one.

The expense of our hobbies IS going up, but it's not necessarily the FAULT of the grading services - it's the fault (just as in racing) of the CHEATERS.

We're seeing another run on phenomenal counterfeiters, counterfeit coins and counterfeit slabs. The grading services were started mainly to determine the authenticity of the coins, not if they were cleaned or not.

And just as in the world of cars, people are starting to place a higher value on a NICE, unmolested example rather than an over-restored trailer queen.

So yes, the price of admission is going up, and more than just at inflationary rates. But you can thank the cheaters who prosper for the cost of playing with cool coins as much as anybody. =)

Excellent point delaner. How much of the cost of comming up with new slabs based on anti-counterfeiting initiatives is passed on to the customer? Little, I would imagine in relationship to the generational importance now being placed on originality. Like you elude to, not messed with, uncleaned...that is what folks want, and those who can afford it, are willing to pay for it.

I keep forgetting what this thread is supposed to be about.....Oh yeah, okay, I'll guess 30 per cent. How close was I?

You can search coin slabs. A couple places sell them, there not that much money.

But the machine that sonic welds the 2 halves together cost a few dollars.

I actually have the knowledge to run a company, thats all I did all my life.

I have ways of getting the money.

You would have to relocate, cause, I am not going to, lol

We got one major problem, I am a 100% disabled Marine Viet Nam Vet.

I am just to old and have to many medical problems.

If I was 30 years younger, I would give it serious thought.

In 5 years the company would be in the top 3 and growing.

I have never failed at anything I set my mind to since I got out of high school.