What is your opinion on the price of cleaned coins? e.g., Coin X - AU50 - $100 / Coin X - AU50/Cleaned - $???
beau: That is a loaded question. 1) How cleaned are they? dipped or polished with an eraser. 2) How scarce are they? Key dates? common= junk silver 3) How ugly are they? Probably junk silver. 4) Are you buying or selling? (always a key point).
coin x in au-50 is worth $100 dollars, but it has been cleaned. How harsh is the cleaning, how old is the cleaning? I have several cleaned coins, some harshly, some lightly,some done very well, some done quite badly. If it is a better date coin or a better condition coin, say au50, I would say a run of the mill dipping should not affect the value by more than 20% of the worth. If the coin has been polished or abraded as with a cleanser, unless it it a rare date, or a semi-key, chances are it is kaput, only worth what someone will pay, which may only be bullion.
Didn't realize there were so many variables concerning this question. 1) Probably polished. 2) 1895-S 3) Picture attached: 4) Lets say selling. http://i210.photobucket.com/albums/bb185/hgraves_2007/1895S-Obverse.jpg http://i210.photobucket.com/albums/bb185/hgraves_2007/1895S-Reverse.jpg
Nice probably XF = $1100. Net = f= $500 Not much difference, VF= $550. (Coin World Coin Values, July, 2007).
If you are buying a cleaned coin, the discount will be fairly small. If you are selling a cleaned coin, it will be worth bullion value. Now here is something you might want to try, but not with an 1895s. If you buy a cleaned coin that is maybe EF-AU, carry it around in your pocket with some other coins for 6 months to a year or until it wears down to about VF. This will probably remove most of the effects of the cleaning from the surface. Once toned, you may have a VF that has not been cleaned [sort of].
Checking recent auction records is one way to get a price estimate on ANY coin. Here's an 1895-S Cleaned Scratched which brought $525... ANACS XF40 net http://www.teletrade.com/coins/lot.asp?auction=2340&lot=1665 Being a "Better date of a popular series" is always a big plus, particularly for "problem" coins.
I'd agree with the value being around $500, but of it wasn't harshly cleaned that coin would sell for over $1000. However, you have another issue - the coin needs to be authenticated first. The pics are not the best, but based on them the mint mark looks a little suspicious.
Silly question Hello all, I am a newbie to numanistics. I have read quite a bit regarding this hobby of kings. I have a real silly question. Why is cleaning bad? Is it because it destroys the history accumulated on the coin? Is it because inevitably damage will be introduced to the coin? or is it something else? I have seen people much more knowledgeable than myself state that it drops it down to buillon value. Why? I have no desire to rock the boat I am just trying to understand the mindset. In other types of rarities restoration seems OK. What makes coins different?
I sent this coin in with 19 other coins that I have to be anthenticated by ANACS about two months ago. Out of 20, 10 came back as cleaned. Grade came back as AU 50 DETAILS CLEANED. http://i210.photobucket.com/albums/bb185/hgraves_2007/1895S-Obverse-ANACS.jpg http://i210.photobucket.com/albums/bb185/hgraves_2007/1895S-Reverse-ANACS.jpg
