Cleaned Coin Values - Coin Community Forum

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Author	Replies: 7 / Views: 1,682
dumprat Valued Member United States 460 Posts	Posted 02/17/2011 11:07 am I recently got a few Morgans graded by ANACS. Now trying to put a value on them for my record. How do you value a cleaned coin? Do you subtract a percent? I have always had this formula... Heavy cleaned - minus 50% Med. cleaned - minus 40% Light cleaned - minus 25% How do you guys do it? Just curious Report this Post to the Staff

dumprat Valued Member United States 460 Posts	Posted 02/17/2011 12:08 pm Got a pic uploaded, so this coin in AU50 in $250 (Coin World, 1/11) I would say it is only lightly cleaned and it does not distract form the coin itself. $250 - $62.50 (25%) = $187.50 Is that a good estimate on the value? Or am I being to loose or strict? Report this Post to the Staff
LincError Valued Member United States 114 Posts	Posted 02/17/2011 12:20 pm I had an issue with cleaned coins in the late 90's, I had a 1914 D graded cleaned MS 65 details and sold it on ebay and still got 3900 for it so it really comes down to what someone wants to pay. Set a reasonable reserve but leave it open to negotiate, thats the best advice I have for dealing with cleaned coins. Good Luck! Report this Post to the Staff
LincError Valued Member United States 114 Posts	Posted 02/17/2011 12:22 pm I also had a 1922 no D graded cleaned with MS 63 detail and still got 7200 for it Report this Post to the Staff
fenton Pillar of the Community United States 4989 Posts	Posted 02/17/2011 12:24 pm Yes a 25% discount is reasonable for a circulated coin that has been dipped but not harshly cleaned. Lesson: never dip a circulated coin (!) From there, a sliding scale based on the severity of the hairlines is reasonable. I think your figures are reasonable recognize though that magazine prices can be a bit inflated so it is best to use Coin Dealer Newsletter or auction prices for your base figure. Report this Post to the Staff
dumprat Valued Member United States 460 Posts	Posted 02/17/2011 6:52 pm Thanks for your input. I am keeping the coins, just want to keep track of its value for my records. I ended up buying this one on ebay a while back for $85. Grading cost $13.35 so it cost me a total of $98.35. Any more input would be appreciated. Edited by dumprat 02/17/2011 6:52 pm Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 02/17/2011 10:19 pm numismedia only shows au50 @ $196 Report this Post to the Staff
dumprat Valued Member United States 460 Posts	Posted 02/24/2011 9:57 pm I am a baseball fan so naturally I am a stats freak. I paid $75 for the Morgan plus $13.35 for grading. Total of $88.35 Using Numismedia's price of $196 and my technique I come up with the following $196 - $49 (25%) = $147 $147 - $88.35 = $58.65 So I am ahead of the game $58.65 Not a bad investment. Report this Post to the Staff
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