For all of you out there that dip coins just thought I would put in my two cents worth. I just this morning got back from NGC some coins I sent in to be graded. One came back not encapsulated, dip residue. I bought these coins from a local dealer and as I do not dip coins the dealer must have. I have heard that dipping coins is fine so why then did NGC not grade my coin? I would think twice about dipping coins to be sent in for grading if you dip your coins.
I would promptly walk that coin right back into that dealers place of business and request a full refund. If they appreciate your business and are professionals , you should get a refund. If they fail to adequately compensate you, file a complaint with the local ANA chapter in your area and with PNG .
You really can't prove it was the dealer... so it might not just be as simple as asking for a refund...and them saying "ohhh sure" tho you can surely try. It could have been the guy he bought it from... or the guy that that guy bought it from... and so on.
I understand that anyone could have dipped this coin and that is why I will not be taking the coin back to the dealer. I do not blame the dealer or will I stop buying from this dealer but I will be more cautious when I buy from him.
If it was the Guy the dealer bought it from, the improper cleaning should have been noted at the point of sale. No ? As you pointed out, if you don't ask , you don't receive. It's worth the attempt. I would also bring any paperwork you have from NGC in this regard with you to the dealer. Let's face it Dutch, the dealer has more to gain by doing the right thing here, than not .
I'm inclined to agree. It's not much different than if you buy any coin from a dealer, then submit the coin, and then find out it is a problem coin. Most times the dealer won't even be aware it was a problem coin - he just missed it. And so did you when you bought it. But often the dealer will offer a refund. Same thing with fakes or altered coins - the dealer just misses it. But he will honor a refund. But I also agree with Matt, the problem wasn't dipping. The problem was the dipping wasn't done correctly.
Maybe or maybe not. There is a possibility the dealer did not think it was cleaned. I know of one coin multiple dealers said was not cleaned - I agreed. Yet the coin came back genuine - they said PCGS made a mistake. If I was you the next time I went to the dealer - asked them if it was cleaned and if you send it in and in returns cleaned would they give you a full refund. And as you mentioned it never hurts to ask.
If he missed it, i'm certain this buyer isn't the first or last to suffer these very same consequences . That being the case, on that point alone, I would refrain from doing any further business with this Dealer . He is evidently to busy or under qualified and obviously misrepresentative of his credentials. This isn't like buying some sour grapes . Either money will be lost or this will be passed off to some other unfortunate buyer . All this being said, this buyer has made a decision as to how they will handle this situation , and the coin will probably wind up back in the secondary market offerings , probably on EBAY . Round and round she goes.
If I sell the coin I WILL LET THE BUYER KNOW that this is a problem coin. To not do this is dishonest and would be wrong. Boxeldercoin
Exactly! If you don't like the deal, go talk to him about it and I'm sure he'll take good care of you. No reason to beat the poor chap up, just tell him the situation and ask if he could help you out. Sometimes coins don't grade, it happens to dealers all the time too. They understand, you don't need to picket, boycot and call the FBI.
Unfortunately, your good " Play fair " attitude is quite uncommon and shared by few . Hope this works out for you to your satisfaction. That's the primary issue for your concern . Good luck.
Hello..I do not think a coin should be altered. Cleaning makes detection of some errors by eye, even magnified, difficult for a lot of reasons. I have heard of people using acids and so on for the almighty dollar. I may sell a coin but that is not why I collect. For me..in high MS or PR any coin should be left alone. It seems to me if you bought a coin as one thing..and got another..a refund is in order. If they do not think the value of the coin is such they can resell it..they should just refund your money and tell you to keep it..but that is just me. I do not want a coin in my collection that leaves me feeling bad or out of sorts..cheated if you will. About 90% of the unslabbed coins I have bought show signs of being cleaned. 'Dipping' is something I must gain further knowledge on. In any case..have a gud one. Peace Tony67
If the OP does not want to take it back to the dealer, (I would though, he should have seen the residue and if he missed it he should make it right), I would get distilled water in a glass container and place the coin in there for a day or so. Gently rub the surface, (gently!) with a clean cotton swab periodically. If it doesn't remove it all in a day, toss the distilled water and replace for another day soak. You want distilled water because it will attract the dipping residue most readily, and you want a glass container to make sure there are no reactions. When you take the coin out of the water dry it thoroughly with clean cotton. This is what I used to do if I bought a problem coin with some type of removable residue on the surface. I think it would be safer long term than leaving a chemical on the surface of the coin. If this is wrong please someone correct me, but I would never trust leaving any chemical residue on a coin long term. Chris
Distilled water might work, but I would think it wouldn't more often than not. That's because that residue was created by an acid, and typically water won't remove them. No harm in trying it first though. From what I have seen, to remove dip residue you pretty much have to dip the coin again.
You are right Doug that another dip would do it, but still may require a little scrub with cotton. I was just suggesting something to try and not dip the coin again. Every dip adds up. I did this in the past if I missed any dip residue, but I admit the residue would only be a few days old, I don't know how old his may be. I do find distilled water very good at removing quite a few chemicals, only distilled, though, never from the tap. Plus, since its pure water I have never seen any harm done as long as your dry right away. Water in the summertime coming off your AC unit should be the same as distilled, but I would splurge for the $2 a gallon just to be safe. Great point though Doug, dipping it again if it is stubborn should remove it. Practice dipping on some loose change and practice a bit before trying it. Also, ALWAYS have distilled water at hand to rinse a coin off after a dip, I always have a fresh container of water right next to the dipping solution, and change the water after each coin. Do not be stingy on the size of the water container either, you are trying to stop a reaction, and the more water you have the better it will dilute it away. I would use half a gallon per coin to be safe and to ensure neutralization. Swish it around thoroughly, rinse off once more to be sure, then dry immediately.
When I list coin's on my store web site I mention in description I do not grade coins For example I just listed a 1971d & 1972d ikes that looked differan't as if they were cleaned or dipped On the flip i wrote cleaned ? mark Then in bold letter's I said in my opionion they looked cleaned in the item description I started out at a low $ auction price, to let the buyer be the judge Will get back when item's sell to let you know what I sold them for I started out at $1.50 each plus shipping
