Non-Original Coins - Coin Community Forum

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Author	Replies: 3 / Views: 912
gawd0wns Valued Member Canada 464 Posts	Posted 07/31/2011 6:26 pm Just about every auction I see selling details/genuine (damaged/cleaned/corroded) slabbed coins, seems to be selling at the same price as coins in 'original' condition...What are your thoughts? I do all of my buying on ebay, so I can't speak for what is happening at major coin shows and auctions. Report this Post to the Staff

just carl Bedrock of the Community United States 20753 Posts	Posted 07/31/2011 6:33 pm Remember that with coins the selling price is not necessarily the real price. I could tell you I have this coin and will sell it to you for $10. It is a coin worth $5 but would you pay that the $10? With coins at an auction, coin store, coin show, etc. just pretend you walked into a used car lot. He says $XXX, you say $XX and the price ends up somewhere in there, maybe. Report this Post to the Staff
glenzy1 Pillar of the Community Canada 1554 Posts	Posted 07/31/2011 6:41 pm Strange, personally I've never seen coins that have problems listed on the certificate or auction description sell for the same price as a problem free coin? Usually they sell for 20-40% less than their problem free counterpart. However, I suppose if a buyer can't live without that date/series to finish their collection or too impatient to wait for a better piece, they have to pay the asking price! When I started coin collecting I wrote down on a piece of paper all the most important criteria that I would base my collection on and here they are: >great eye appeal >absolutely problem free >highest possible grade I could afford or locate Glenn Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 08/01/2011 07:49 am Quote: >great eye appeal >absolutely problem free >highest possible grade I could afford or locate Great ideals but for reality, not always possible. If you think about the massive amount of people that collect coins and the amount of many coins minted, you either take what is available or nothing. With over 350,000,000 people in the USA and many millions more in other countries where people collect US coins, the amount of coin collectors may well be staggering. Throw in the many coins with mintages in the one or two million quantity area and you get either what is available or an empty spot in your Album. Report this Post to the Staff
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