Yes it will work, meaning that it would remove the dirt and grime from the coin. But scouring the coin with a Brillo pad or steel wool will also work. But that doesn't mean you want to do it. There is cleaning and there is harsh cleaning. Cleaning is perfect acceptable. Harsh cleaning is not acceptable at all. Salt and vinegar, Brillo pads and steel wool, lemon juice, household cleaners, even rubbing the coin with a soft cloth - all of those are harsh cleaning methods that physically harm the coin. Proper cleaning methods do not harm the coin.
I agree with Jeff and Doug. One, acetone will not remove AT if the AT is a chemical reaction of the metal. It does a pretty decent job of removing "paint jobs", but will not touch "burn jobs" if you will. I also agree with Doug on "carbon spots". I have only seen one or two real carbon spots in my life, most are like Lehigh's examples of environmental damage. I had bought some jefferson nickel sets with black spots but they were all on the 50-60's coins thankfully. So I just spent them. I have never had those spots on the better dates, so personally I have never experimened with how to remove them. I will be interested in the results myself.
I will do this experiment in full. I'm gathering supplies and making room. Some may need to soak for a long period of time. I will say this.. I grabbed a common BU from the album, that had spots. I dipped it and tried a toothpick to try and remove some spots. I repeated and repeated to try and get any result. That did nothing except destroy the luster (as over-dipping does). The spots were not affected. Keep in mind, dipping is a quick action and doesn't have time to actually act on the spots. So I suspect whatever (if anything) will work, will requires time to penetrate the spots. I will create a new thread for the experiment when I start.
And doing that will harm the coin. Vinegar is acidic and will eat into the surface of the metal. Salt, all by itself, even when dissolved in water, will also eat into the surface of the coin, copper and silver coins anyway. That is why coins recovered from shipwrecks are often so badly corroded and/or pitted. There are basically 4 methods that a coin can be safely cleaned so as to not harm the coin - soaking in distilled water, acetone, xylene, or dipping the coin in a commercial coin dip. That's it, nothing else. And each of those methods has to be done properly or else the coin will still be harmed. And each of those methods will only remove certain things from a coin, so you have to know which method to use for each specific coin.
To be just a little more technical: Vinegar is a mild acid. It will attack various metals, some quickly, some slowly. It also dissolves a lot of oxides, sulfides, and other crud that builds up on coins. Salt is sodium chloride, and when it dissolves, it produces chloride ions. Chloride ions, when accompanied by acid and/or oxygen, attack metals and crud a lot more vigorously. Platinum and gold will resist almost any chemical attack, but if you combine nitric acid (a strong acid and oxidizer) with hydrochloric acid (a strong acid and chloride source), even platinum and gold will dissolve. So, if you soak your coins in salt and vinegar, it'll get a lot of crud off of them, but it'll also ruin the surfaces of the coins, very quickly. In fact, unless you rinse and neutralize very carefully, that damage will continue long after you pull the coins out.
Vinegar should never be used as a cleaning agent or a dipping agent due to the acidity of it. Vinegar, especially cider vinegar, is actually used by many people to return the date and other details to dateless buffalo nickels. Because vinegar is a weak acid it eats away at the copper content of the coin, which is 25% of the makeup in the case of the nickel, and leaves the nickel alone. This helps to reveal the date on the coin just like nic-a-date would, except that as it affects the entire coin through immersion it doesn't leave the spot over the date that show where it was applied, but it will turn the coin a uniform dull gray. As it eats away the copper the vinegar turns a deep green to green-blue, the water also starts to evaporate from it further concentrating the vinegar. If not careful this color change and concentration change can actually stain the coin or pit it more deeply than just restoring the date.
One quibble: I'm pretty sure vinegar eats the nickel faster than the copper. Nickel is much more reactive than copper; it'll displace hydrogen from most acids, while copper won't. When I left some cull Buffalo nickels in vinegar for weeks, they ended up much lighter (and thinner), and more copper-colored. The rest of your comments and cautions are spot-on.
Ok got it no salt and vinegar for my coins . So acetone is the best to use and just to be sure you can use it on all coins? Also since it may damage coins still with prolonged exposure do you just dip them and wash them off or do you soak them and if so how long? I guess it depends how much crud is on the coin but a general time frame would be helpful.
You'll find some disagreement here about whether acetone can harm copper coins -- some people think it can, some think it can't. You'll also find some disagreement about rinsing with water after an acetone soak. I think the majority opinion is that it's best to just drain off the acetone and then let the last of it evaporate -- it evaporates much more quickly than water, may be less likely to leave spots, and doesn't pose any risk of accelerating corrosion. I think nearly everyone agrees that you can soak coins as long as you like in acetone, but you need to keep it covered so it won't evaporate.
I'm personally in the "acetone is fine" camp, but I don't have a lot of experience to back it up, so you probably shouldn't listen to me. Xylene will dissolve tarry stuff, but I personally don't like working with it, and prefer acetone. It's harmless to copper. Distilled water is also harmless, cheap, and about as safe as it's possible to get.
Except don't use it on aluminum coins; it'll produce severe pitting (learned that lesson the hard way). I've also seen it cause discoloration on brass (or maybe it was brass plated, don't remember for sure) coins. Otherwise, acetone is great for de-gunking circulated coins.
As I said, "you'll find some disagreement here". It may be that some acetone has impurities that will attack aluminum. Chemical engineers, though, say that the acetone in their plants won't attack aluminum. And since they (a) design components to handle it all the time, (b) keep a close eye on those components to make sure they aren't being attacked, and (c) stand to cost their companies millions of dollars if they get it wrong, I go with what they report. Maybe the lesson here is "whatever you use, test it thoroughly on something cheap before you use it on anything valuable."
Perhaps there's a purer form of acetone than what's available at my local Home Depot, but probably not worth my effort to source it. The damaged coin was a cheap-y and one of very few aluminum coins I ever expect to pass through my collection, so no great loss.
Read here - https://www.cointalk.com/threads/proper-acetone-procedure.193708/ As for the disagreement regarding acetone and copper, well let's just say it's one of those things that unless you have experienced it yourself, many tend to say it's not an issue or that it doesn't happen. In other words they believe there is no problem with using acetone on copper. That said, I am one of those who has experienced it (a problem) himself, and seen and read of similar results in the experiences of others over a period of many years. So what exactly is the problem when using acetone on copper ? The problem is that acetone when used on copper can sometimes cause the coin to tone weird colors after the fact. It doesn't happen always, but it does happen sometimes. Now people try and come up with all sorts of explanations for that "sometimes" in order to confirm their belief that there is no problem with using acetone on copper. They want to believe they are right because it has never happened to them, even though they have used acetone on copper many times. There's only one problem with that line of thinking. I've never actually seen a meteorite strike the earth, and neither have most people, but that doesn't mean it doesn't happen. So what to do ? Well you might read this - http://www.stonybrook.edu/vescalab/research/research7.html - and pay attention to the source.
...and I guess I'm back to "acetone on copper probably isn't a good idea". I sure wish, though, that the citation could be more specific about "ambient light". I wouldn't be a bit surprised to find that the effect doesn't happen under incandescent light, happens slowly under fluorescent light, and happens quickly under sunlight. If so, that would help explain why some people don't encounter the problem and others do.