Hello all, Haven't posted in some time but I was wondering whether I should sell coins I had slabbed but, unbeknownst to me were cleaned or damaged according to pcgs. I generally slab only rares or key dates. Thx For the feedback.
That's up you really. It depends on what you're trying to do with your collection and what your goals are. Personally I'd sale but that's because they aren't a part of my coin collecting goals.
Thx for the reply. My goal is to build a solid collection of various types. What I've been doing lately is selling them and rolling the proceeds into a better coin. I just received back a 1909 s lincoln 1c and an 1834 50c small date/letters 'cleaned' slabbed. I know they still have value but wasn't sure if they would appreciate much.
I think it really depends on your long term goals for your collection. There are plenty of people that enjoy lower grade items that still display well. Also, there are a lot of variety collectors that are willing to pick up a lower grade/damaged coin because of a high rarity. Having said that, I do not own a details graded coin in my collection. I have non-slabbed coins that have issues, but they didn't cost me a premium for the plastic. My reasoning is that, for one, I know I'll just want to upgrade it later and I might as well be patient and buy the coin I really like versus the one I know I'll just want to sell off later. Another reason is that a details coin (barring extreme rarity) is going to be hard to see much of a profit from. They just don't bring the same interest of value when being sold. So if it were me and I was collecting a date or major variety set, I would sell now and get the coins minus the issues. Just my 2c
There is nothing wrong about having cleaned coins in your collection. Sell the coins that you don't like. Keep the ones you love, cleaned or not.
I agree. I buy many of my coins on eBay from a reputable seller. Haven't had many problems. This last batch though.....having problems iding coins which have been lightly cleaned. Thx for the feedback.
If they were low grade to begin with, I would try and do better all the way around. If they have a solid strike, strong detail (due to little wear) and are a semi-key or better; I would be prone to keep those and add other coins to my collection. Like Idhair said, there is nothing wrong by doing this. A light cleaning on some coins may be the only way you can find or afford them. These would be the last coins I would consider replacing, toward the end of my collecting career.
I met a very nice dealer at the first coin show I ever attended. We discussed Morgan dollars, which is the series I like to collect. I'm partial to large silver dollars. Anyway, he had both graded and un-graded coins at his display. I like one of his raw coins, but he told me it had been cleaned. I bought it anyway because I wanted an example to study.
If you plan to sell, you would do much better leaving it in the slab to show that the coins are genuine.
