im wondering what the main indications are that a coin has been cleaned,how hard is it to tell the diffrence any help appreciated i wouldnt want to make a mistake on an expensive coin
jimmy - Learning how to detect a cleaned coin can be as difficult, if not more so than learning how to grade coins. So - if you would just go to the upper right corner of your screen and click on the SEARCH button - then type in 'cleaned' - you will get 4 pages worth of information on this subject. As for making a mistake buying an expensive coin - I suppose that depend on how one defines expensive. But the best way to avoid this mistake is to buy slabbed & certified coins from one of or all of the top 4 grading companies. If you don't like your coins slabbed - fine. Just remove the coins from the slab after you buy them.
I would highly recommend more than 1 book be used. Read and study as much as you can. But you can start off with the ANA's Grading Standards and/or Photograde. There are also many on-line resources that can be used
GDJMSP the trouble in buying a coin already slabbed is the value is basically knowing and difficult to grab a bargain. i bet half the profit coin dealers make is in buying unslabbed coins with knowledge of the grade they should make and getting them slabbed.
Very true !! But the danger of buying a raw coin when you don't know what you are buying is that most of the time - not only will you NOT get a bargain but you will in all likelyhood get ripped off. So until you learn how to distinguish one from another - which would you prefer ? Paying a fair value or gambling ?
Hi jimmy, Remember, there's no rush to buy expensive coins. Why not start out modestly? Then your learning curve will not likely be so costly. You'll need to read everything you can get your hands on, talk to everyone that will listen, and pick the brains of those that have been there and done that. Finding dealers that you can trust not to rip you off, will take some time, but like I say, stay within your means, so if, and when, you do take a hit, it won't hurt so bad. Do your homework, and never spend more than you can afford to loose.
im actually in quite a good position to get some decent coins ect its just as they turn up.Its total luck what i get ,for instance in the past 3 months i have gotten confederate notes,about 8 morgans,d-day commemeratives,tons of british coins that i have already made money on. when i left school i went worked in london at an auction house in chelsea and as a kid worked im my fathers antique shop, i now get all coins/medals ect that come through his shop or house clearances so like i said anything could turn up just luck of the draw. If you go by the principle every antique dealer in the world goes through you cant go far wrong.if in doubt just pay the min price you will be suprised what comes up.Everyone in the antique buisness its the same thing you know the price of general stuff and you may even specialise in an area and know some about other stuff.But if say someone brings a painting in you can sit there in front of them dragging out the valuation books you buy on looks alone as you know even with no-name you can make just because of its looks value. There aint an art dealer in the world that could get by without these books and any that say they can are liers, it just all a big act trust me the minute they get there painting home there into there books to see the value and about the artist.
for instance is there a morgan worth less than 10 usd ?? i think not so it your paying that you cant go wrong at worst you will get your money back and every once in a while you will hit a scarce one. i reckon just like the antoique trade has gone a bit bad due to everyone thinking everything is worth money due to they antique roadshow programs ect and the internet its easy now for someone to find the value of something similar now they just need to switch on there computer.I think the coin buisness will not be any diffrent even more so this way most people that collect coins will also have seached there values.
ive purchased me 18 tubes of eagles too im going to concentrate getting all dates now then i will split them up into the full run of dates and sell them as sets like that in albums this seems to be a good way to make money out of them
