What to do with polished coins

Discussion in 'US Coins Forum' started by rzage, Feb 13, 2009.

  1. rzage

    rzage What Goes Around Comes Around .

    A good friend of mine inherited some polished coins , some are quite valuable , should he sell them as is and take the loss or put them in his pocket to wear the polished parts off , any ideas appreciated .
    rzage:headbang::)
     
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  3. GDJMSP

    GDJMSP Numismatist Moderator

    As I stated in the other thread on the same subject - sell them as is.
     
  4. walterallen

    walterallen Coin Collector

    Having learned the hard way about polished or whizzed coins, my first experience being with Mercs, I don't think I could bring myself to sell one and not explain "exactly" what it now is.

    If money is the issue, I say get a fair price and call it a day, its still a gift.

    Frankly if its an inheritance from a loved one I would fix it up as a remembrance. You'd have some nice coins, polished, but nice.

    Allen
     
  5. bqcoins

    bqcoins Olympic Figure Skating Scoring System Expert

  6. quartertapper

    quartertapper Numismatist

    It takes years to wear off the evidence of a polished coin in your pocket. I would disclose the facts and sell them as is. I've always believed in honesty, especially when it comes to numismatics.
     
  7. Catbert

    Catbert Evil Cat

    Rusty - sell them! Perhaps for the really valuable, get them authenticated via the major TPGs.
     
  8. ryanbrooks

    ryanbrooks Active Member

    If they were inherited, then don't sell them. To me, that would be one of the worst things to do ;)

    Keep them, and pass them down yourself, or you can possibly complete a set they were trying to do, but only buy polished coins for the set so it matches :D
     
  9. traumafindr

    traumafindr The Seeker of Lincoln

    Frankly if its an inheritance from a loved one I would fix it up as a remembrance. You'd have some nice coins, polished, but nice.

    I agree with the above statement Myself, I dont think i could ever part with something passed down to me ! But thats just me

    Jim
     
  10. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    What denominations, dates and mintmarks does your friend have? It might be a good idea to get some ideas from people here about what they might be worth polished before selling them and perhaps being told they have very little value when, in fact, they are worth more. Can you post a few photos?
     
  11. walterallen

    walterallen Coin Collector

    This is a great point!

    What exactly does he have?

    Allen
     
  12. jmpearso

    jmpearso New Member

    I would just post them on ebay and disclose they have been polished. Some collectors dont care if they just want something to fill their collection at first..
     
  13. rzage

    rzage What Goes Around Comes Around .

    I really have no idea as to what type or date , I'm pretty sure they are foreign , I'l have to ask him . If they were mine I would keep them .
    Rusty
     
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