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 Replies: 9 / Views: 4,930 |
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Pillar of the Community
United States
7840 Posts |
I was lurking on the "bay" last night, and stumbled across a decent looking 1833 Draped Bust Dime, NGC VG details, Improperly Cleaned for $50...or best offer. I made an $30 offer to take into consideration the Improper Cleaning, and the seller counter-offered with $45. I re-countered with $32.50, and an explanation for my reasoning being that NGC gave it VG Details, Improperly cleaned, and referred to Numismedia values of VG8 (problem free) $41. And G4 (problem free) $30. I have not heard back from the seller, and was wondering how much should one deduct from the value of a coin if it has "problems"?  |
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Pillar of the Community
United States
763 Posts |
I think it depends on how big the problem is and how rare the coin is. I think I found the coin you are talking about and it is hard to tell how bad the coin looks from the one photo they are showing. Also, the seller lists the coin as VF details but the photo is of a VG coin so that may be why he is asking more. The greysheet lists the coin for $35 in problem-free in VG. The coin in VG is not very rare so I think half of greysheet would be fair. I personally would look for a problem-free example.
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Pillar of the Community
 United States
7840 Posts |
Yep, that's the one. I mentioned the misidentified grade also. Thanks!
Edited by oih82w8
07/19/2011 11:19 am
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Pillar of the Community
United States
7840 Posts |
Someone else posed the question elsewhere of knocking down a grade for problems, would this follow suit? VG8 Details would = G4?
The seller made another offer of $40. I declined and bid him success in his/her other listings.
Edited by oih82w8
07/20/2011 3:48 pm
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Pillar of the Community
United States
763 Posts |
I don't think you can have a general rule like that for problem coins. Some cleanings are not as bad as others. It really depends how the problem affects the eye appeal of the coin. It also depends on how rare the coin is. A light cleaning may not affect the value too much of a 1928 dollar, but the same type of cleaning would probably have a bigger effect on the value of a more common coin.
In any event, I think you were wise to walk away from that bust dime.
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Pillar of the Community
United States
1590 Posts |
I have to agree with nolawyer. Especially in light of the many coins that are known for being body bagged for being "Cleaned", that really are not cleaned. I really wonder how many coins are bought at a substancial discount for a "details" grade, that are subsequently resubmitted and get a real grade.
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New Member
United States
21 Posts |
For slabbed gold coins it really varies. An "improperly cleaned" but otherwise attractive $20 Saint goes for only slightly less than a MS62. Same for a common date $5 or $10. For coins with more of a numismatic component to their value, it starts to make a difference. A "cleaned - XF details" $3 gold might go for half the price of a XF45 of the same date from NGC.
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New Member
16 Posts |
I have always wondered, what if a cleaned coin can ever be considered anything but cleaned. I have a few nice early wheats that before I knew better, I cleaned. Now they have a very nice toned look and have really nice colors. If these were submitted would they still consider them cleaned even after 8 years?
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Pillar of the Community
United States
1817 Posts |
Yep, I agree with no lawyer, depends on the severity of the cleaning. On circulated coins an obvious cleaning would probably knock it down 2 grades, unless the coin is sufficiently rare. An old cleaning that has mellowed over time would probably get its proper grade if it's natural appearing. A goodly percentage of 18th/19th Century US coins were dipped in the 60's & 70s, because that's what collectors wanted, bright "white" coins. Removing the natural toning caused other problems, such as splotchy, ugly retoning. |
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Bedrock of the Community
United States
20753 Posts |
Regardless of the cleaning, if you want, need, can use such a coin, don't expect to resell it soon, what difference does the cleaning make. Of course if the cleaning was extensive to the point of making the coin a mess, I'd just pass on buying that one. If the cleaning to you is tolerable and the price is OK, why not? But as you said the price appears to be excessive anyway.
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Replies: 9 / Views: 4,930 |
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Posted 07/19/2011 11:00 am
