Cleaned coins- just as much as uncleaned.

Discussion in 'US Coins Forum' started by Detecto, Apr 22, 2012.

  1. Detecto

    Detecto VICTORIA DEI GRA BRITT REGINA FID DEF

    I was pouring over pages of coins last night.

    The old adage that echos through the server on CT is :"Cleaned coins are worth much less".

    While I partially seem to agree with this statement, the dealers don't seem too.

    I see many NGC slabbed cleaned coins with asking prices not much less than their uncleaned siblings.

    Here are two example. I'm not going to list any more as it is a waste of time, due to the fact that their is COUNTLESS examples of this.

    Here is a 1889 Morgan Dollar. Unc details, improperly cleaned. $58.50 for a cleaned coin.
    http://www.ebay.com/itm/1889-NGC-UN...Individual&hash=item589208c74b#ht_2606wt_1037
    Here is a MS-61 1889 morgan.
    http://www.ebay.com/itm/1889-Morgan-Silver-Dollar-NGC-MS61-Toned-obverse-PQ-The-other-End-of-the-Roll-/320885642880?pt=Coins_US_Individual&hash=item4ab6465680#ht_500wt_1054

    $
    58.50 for the cleaned coin, but only $53.50 for the uncleaned one!

    Here is a 1866 Shield Nickel. Fine details, improperly cleaned. $67.50 shipped.
    http://www.ebay.com/itm/1866-NGC-FINE-DETAILS-IMP-CLEANED-RAYS-SHIELD-NICKEL-5C-BC219-/360441980015?pt=Coins_US_Individual&hash=item53ec04246f#ht_2645wt_1037

    H
    ere is the same 1866 shield, this time F-15, UNCLEANED. $69.95 shipped.
    http://www.ebay.com/itm/1866-Shield-Nickel-NGC-F-15-Rays-/120890817700?pt=Coins_US_Individual&hash=item1c25a77ca4#ht_5071wt_1037

    O
    nly a couple bucks more for the uncleaned version.

    So I will ask this again, if cleaned coins are "worthless", then why do dealers ask so much for them? When you can buy the uncleaned ones for the same price, or just a tiny bit more?
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  3. LindeDad

    LindeDad His Walker.

    Well to put it simple some do their homework and some don't.:rolleyes:

    BTW Listing something and selling something is two completely different things.
  4. ldhair

    ldhair Coin Collector Supporter

    Cleaned coins are not "worthless". As a normal, they bring less but anything is possible. Sometimes problem coins bring more than a good coin. With these you must wonder the skill of the buyer.
  5. camlov2

    camlov2 Member

    Up to you detecto, why don't you save a few dollars and buy the cleaned ones?
  6. WriterIN

    WriterIN New Member

    I think it devolves largely on the *type* of buyer. Someone who is buying coins for a collection simply for the love of holding a beautiful piece of Americana will be more concerned with how the coin looks than how the coin got that way. I'm on that side of the coin (sorry, douldn't resist). If the coin is truly lovely, I'd likely snap it up. This assumes that the coin is sold to me *knowingly* as a cleaned coin. Then it's MY decision whether to take that coin or not.

    On the other side are those who buy both for the love of the coin *and* for future investment value. Those folks will likely shy away from a cleaned coin.

    It's a funny old world. Takes all kinds.
  7. mrbrklyn

    mrbrklyn New Member

    Two of these threads at the SAME time. We need more cement trucks.
  8. jhinton

    jhinton Active Member

    You can ask anything you want for your coins. That does not mean you will get it though.
  9. mark_h

    mark_h Numismatist

    It's ebay - what do you expect? You can list anything for any price you want right now and you never know when someone will pay the BIN price.
  10. HULLCOINS

    HULLCOINS Junior Member

    Next time can you not provide us with an un-researched, generalized statement using asking prices for coins on ebay. Find actual sold examples through heritage or teletrade in the same time vicinity.
  11. HULLCOINS

    HULLCOINS Junior Member

    Preaching to the choir
  12. scott490

    scott490 New Member

    I think the thing to remember is when you're trying to sell to a dealer, a cleaned coin is worth nothing more than melt. When that same dealer turns around to sell it, it's lightly cleaned with tons of eye appeal left.
  13. BadThad

    BadThad Calibrated for Lincolns

    The comparison would only be valid for completed listings or auctions.
  14. ikandiggit

    ikandiggit Currency Error Collector

    How many of these "cleaned" coins actually sell for those prices? I'll bet that most will be sold at far less the asking price through negotiations if they sell at all. You're looking at the wrong pages (as others have stated). You need to be looking at completed auctions.

    With ''Buy it Now" listing, the seller can ask for whatever he wants but what he actually gets is usually far different. (See $10,000,000 error penny on di........).
  15. rickmp

    rickmp USDA PRIME Supporter

    Detecto, do you read any threads other than your own? Do you read any of the responses to your own threads?
    I'm guessing the answers to both questions are no because you don't seem to be learning anything here.
  16. fiddlehead

    fiddlehead Member

    It seems like the cleaned vs no problem coin differential varies depending on the type and value of the coin. I try to stick to either no problem clean graded coins or raw. I avoid details graded coins - but there could be exceptions.
  17. RedTiger

    RedTiger Member

    What the op writes is sometimes true, dealers do often ASK for almost the same money for their problem coins. The trick is finding someone to pay that asking price. The other thing some other have mentioned, try to sell some cleaned coins to those dealers, and see what the cash offer is. For those that paid the 90% of the no-problem coin asking price, might be shocked at how low the offer is.
  18. I do not see it as a big deal.
    Ive seen you guys here crack out a coin and get it back with a better grade than it was when you bought it.
    Seems you could get a better grade each time you send it in.
    These gradeing company also clean coins.
    So its ok to own a cleaned coin as long as a stranger cleaned it and says they are the experts.
    If so why the change of grades to coins?Are they really experts or high paid rip offs?
    We all have excess to the same cleaner as they use.
    Who could you trust more with your coin but you the owner?

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