How much do nice coins with problems turn you off?

Discussion in 'US Coins Forum' started by LostDutchman, Sep 4, 2014.

  1. LostDutchman

    LostDutchman Under Staffed & Overly Motivated Supporter

    Here is a prime example of a really nice coin with a problem... How much does this coin turn you off? This coin is wholly original with some old scratches on the reverse and a couple digs on the obverse.

    IMG_6310.JPG IMG_6312.JPG
     
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  3. Mat

    Mat Ancient Coincoholic

    I'd welcome it to my u.s. coin set. I have always had problem coins in my collection, whether its ancient or modern. The only things I detest are holes, cracked coins in half, & bronze disease, otherwise I am pretty tolerant.

    And with ancients and how many have faults, I have gotten even more accepting then I did.
     
    bugo likes this.
  4. bkozak33

    bkozak33 Collector

    Not at all. My favorite coin in my collection is a details grade.
     
  5. medoraman

    medoraman Supporter! Supporter

    Of course it depends on the issue. I like your coin a lot, regardless of what a TPG might say. My only hesitation would be as the figure climbs, resale value has to be considered if making a larger purchase.
     
    JPeace$ likes this.
  6. JPeace$

    JPeace$ Coinaholic

    Agree with medoraman. In this instance, I wouldn't mind owning the coin in the OP. That being said, I'd be very hesitant to add a key date, high dollar coin to my collection in a details grade. There are many coins out of my financial reach and I have contemplated buying one in a details grade so I could have one in my collection.

    In summary, I would be very particular about which coin and the problem/issue with it before just adding it.
     
    Mainebill likes this.
  7. CamaroDMD

    CamaroDMD [Insert Clever Title]

    I think it depends on the issue and the eye appeal. To me, the marks on this coin may have come from a hard life in circulation. I'm OK with that. It's the coins that have been scrubbed or otherwise mangled that drive me crazy. This one, I could certainly live with it.
     
    Endeavor likes this.
  8. geekpryde

    geekpryde Husband and Father Moderator

    Nice looking coin. Problems are a...Problem. But I would say that is probably the nicest looking "details" coin I have ever seen.
     
  9. Tom B

    Tom B TomB Everywhere Else

    Typically, severity of problems varies inversely with relative cost of acquisition.
     
    green18 likes this.
  10. Treashunt

    Treashunt The Other Frank

    It would bother me, but I could live with that piece
     
  11. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Just like everything else, problem coins are all relative, both in desirability and value. One must consider both the severity of the problem, and the rarity of the coin.

    There are problem coins on which the problem detracts insignificantly from the appeal of the coin as a whole, and for which little price concession might be insisted upon by the prospective buyer. At the opposite extreme there are problems so distracting as to turn very important dates into dealer deadwood.

    Still, the rarity of the problem coin can soften the buyer's sensitivity to the exhibited issue. While I would never pursue a common problem coin, I would always want to at least examine a truly rare problem coin before dismissing it as a potential purchase.

    I would be reluctant to look at an 1893-S Dollar with problems because there are more than enough nice examples out there without problems. On the other hand, try finding a Curl Base 2 1829 Dime without problems . . . you may never see one in person. I passed on a damaged one a few months ago, and now feel a bit of remorse over having done so.

    Buying problem coins is an exercise in the art of compromise . . . not between buyer and seller, but between one's desire for the targeted date, and one's standards for quality.

    - Mike
     
    Ed Sims, Mainebill, CBJesse and 2 others like this.
  12. saltysam-1

    saltysam-1 Junior Member

    If the coin has excellent eye appeal but the problem is quite evident and located at a focal point of the coin, I would say never. If eye appeal is present and either of the other two factors are minimized, I would say probably.
     
  13. rockyyaknow

    rockyyaknow Well-Known Member

    At this stage in my collecting life, problem coins don't bother me unless they have holes in them or they are bent. Lat year I bought a $1 1851 gold piece that has a fairly deep scratch on the observe. other that that the coin is AU and one of my top 3 favorite coins.
     
  14. rzage

    rzage What Goes Around Comes Around .

    It all depends how much the problems bother me and the price I could get it for . This one I would consider if I was looking for a Draped Bust quarter , but only if the price was right . By this I don't mean dirt cheap , I just mean a cost that reflects the details grade . BTW I love the obverse .
     
  15. Aidan_()

    Aidan_() Numismatic Contributor

    Agreed.
    I would buy coins that are damaged, if they have an mm, date, type that I need, or want.
     
  16. green18

    green18 Unknown member Sweet on Commemorative Coins

    If the price was right, I could overlook a multitude of sins..........
     
  17. gbroke

    gbroke Naturally Toned

    According to PCGS, half the coins I own are problem coins.
    But I love them!
     
    dwhiz, geekpryde, rzage and 1 other person like this.
  18. micbraun

    micbraun coindiccted

    I don't want any harshly cleaned coins or those with graffiti in my collection, but that draped quarter looks just great!
     
  19. green18

    green18 Unknown member Sweet on Commemorative Coins

    Heck, I'm just diggin' on the over date..........:)
     
    Jwt708 and rzage like this.
  20. Jaelus

    Jaelus The Hungarian Antiquarian Supporter

    That's a beautiful coin with nice character. I'd be happy to own it.
     
  21. Mainebill

    Mainebill Bethany Danielle

    Is a pretty coin I'd own as to the problems I have some coins with problems including a few favorites. Most are details graded for an old cleaning that's since retoned or enviro damage on early copper both problems I can live. With as I can a toned over old scratch. I stay far away from holed plugged whizzed and tooled coins tho I just don't like doctored up stuff
     
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