So I don't know much about seated liberty coins but, I guess my question is more about when buying these coins and them being labeled "details". When I'm looking at prices of these coins, do the prices also include the details coins. So to say if ef-40 is priced at X,xxxx amount of dollars, does this also include ef-40 "details"? Sorry if this is confusing I'm just a little confused myself haha.
It all depends on what made it "details", details can include cleaning, scratches, tooling, rim dings, bent, holes, etc. A details circulated coin with one scratch would be worth more than one that very good details, is bent, cleaned to a mirror finish, and has a hole drilled in it. A detail coin at the bare minimum would be worth the melt value, but it depends on the severity of the damage of how much it's value will be impacted.
The quote I always hear Doug say is that "details coins" generally are worth 20-80% the price of a problem-free example. Of course, it all depends on how severe the cause for the "details" is. If it is heavily corroded, and banged up, it could go to 20% or even lower, to melt value (if it is a silver or gold coin). It could also turn out to be a hardly noticeable defect, maybe a small rim ding or a scratch that just barely earned it the details grade, and it could be worth a fair deal more than a beat up one.
Do you understand where I get that number range ? I didn't just make it up. I get it from studying realized auction prices for problem coins.
Never said you made it up, Doug...just know that you quote it often. I wouldn't think that you would just arbitrarily make up values, I am sure it came from research/study of sales.
I wasn't implying that you did think that. My comment was to let others know where the numbers come from.
