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 Replies: 8 / Views: 11,738 |
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Pillar of the Community
United States
797 Posts |
I have an old dime that has very good details and would grade somewhere around XF but it has a scratch near the center of the coin. It is not like a scuff from cirulation, it looks like a sharp object scratched it (not real deep, but very noticable). I realize without pictures that nobody can comment on the exact grade or details, but in theory how does grading work in that situation? What should I expect when buying coins like that; how much does a large mar/scratch take away from a grade usually? How does it affect the price? I am trying to figure out how I should evaluate coins when I am buying when the coin doesn't fit a specific grade and may have some other damage to them. How do I value a coin like that? Edited by spaceace
02/10/2011 1:31 pm
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Pillar of the Community
United States
3294 Posts |
That will depend on severity, but I would anticipate a price drop of more then 20% (possibly as high as 50% for a nasty one), especially if the scratch is front and center.
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Pillar of the Community
 United States
797 Posts |
Thanks nod. That is wat I wanted to know. I know my post gave kind of nebulus info, but that is the response I was looking for so I can have a better idea on how to value coins I might purchase.
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Valued Member
Canada
311 Posts |
If I was grading a coin a coin with a scratch or a nick, I would still give it the same grade but after the grade I would add comment to specify the damage. A price reduction of between 20%- 50% seems about right.
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Bedrock of the Community
United States
20753 Posts |
Quote:
That will depend on severity, but I would anticipate a price drop of more then 20% (possibly as high as 50% for a nasty one), especially if the scratch is front and center.  And even a lot less pending the coin, dealer selling or buying, customer wants, etc. For example a 1909S VDB with a scratch on it is not to important to many due to not to many to choose from. And even then, some would not even buy that. And too this could depend on the scratch. For example a long time ago I purchased a 1921S Lincoln Cent in about MS-63. In an attempt to open the 2x2, I used a screwdriver to pry up the staples and it ran accross the face of Lincoln. I showed it to a dealer I know and he said "Idiot. you distroyed this one" |
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Pillar of the Community
Philippines
1156 Posts |
The only thing worse than a deep scratch or nick, is a hole on the coin !
nice for a key fob but makes the coin absolutely 95% uncollectable
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Bedrock of the Community
Australia
21786 Posts |
It's a bit like grading diamonds. It depends where the flaw is, and how significant it is. A tiny nick on the rim would be VVS1, a few small nicks on the image of Lincoln: S1, lots of nicks all over: 3rd pique, numerous deep scratches and nicks all over: rejection. Ref: 'Diamonds' by Eric Bruton, F.G.A.
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Pillar of the Community
United States
2797 Posts |
spaceace I have an example. I picked up an 1878-P Morgan dollar, VAM 189 in solid XF45. It has a scratch on the reverse starting at the eagle's breast and going halfway into the eagle's right wing. It was a recent ding, bright silver, but I had to use a 10x to see it well. ANACs thought differently and returned it XF details "scratched". That coin would sell for $1000+ without the scratch. I have seen this coin with XF details sell for less that $200. Edited by SeatedNut
02/11/2011 08:54 am
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Pillar of the Community
United States
797 Posts |
Hey thanks for all the input guys! I am not too worried about the resale value because I do not intend to sell any of the coins in my 7070, but I don't want to overpay for something just because it has nice details and a dealer downplays the scratch and overcharges you. I know it is a case by case scenario really, but this info has helped out alot. Thanks!
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Replies: 8 / Views: 11,738 |
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Posted 02/10/2011 3:01 pm
