Hi, Whats your opinion. If a coin is slabbed by anacs, and marked cleaned. what would you say is a fair price, based on grade. For example. If its marked AU50 cleaned what would you pay? XF40 Greysheet bid, less? more? For the nit pickers, I understand it depends on the coin. "Don't buy the slab buy the coin" But this is just a general question. Lets suppose for this paradigm the coin is accurately graded and the cleaning is very slight.
Corey: There is a great spread in the term "cleaned". It included slight hairlines; bright, unattractive cleanings; polished coins, et cetera. Generally, I would downgrade one grade's price, but if ugly and polished, then possibly two grades.
Going by what I recall seeing, it would probably be discounted 15-20%; but I wouldn't buy it unless the discount was much greater.
No way to really answer that question with a definitive answer because it varies too much. It varies because it depends upon the buyer and it depends upon the coin. If you check completed auctions sometimes the cleaned coins sell for 40% of an uncleaned example of the same grade and sometimes they sell for 70% - 80%. I've even seen the exact same coin sell for 80% less than it did in a previous sale - in the same slab. So I guess the answer would be they could go for anywhere from 20% - 80% less.
I agree. It really depends on how harsh the cleaning is and how badly the eye appeal has been harmed. I have seen ANACS holders marked cleaned that sold for 100% of the listed values because the cleaning wasn't noticeable and the coin would have been slabbed by another service with no mention of the cleaning. It really can vary greatly, and to price a coin like this, I just look at the eye appeal and figure out what I would have been willing to pay if the coin had been raw.
I've been pretty close a couple of times to starting a collection of very worn, cleaned and lightly damaged rare/scarce/better date coins. I run into them sometimes selling for pretty low prices if they have enough problems, but remembering my "training" I just keep walking and don't look back.... I know that no respectable collector would buy them, but I'm not all that respectable.
I have a 1916-d Mercury dime that was graded AG3 Details (cleaned) by ANACS. My wife bought the coin for me as a gift from our local coin shop for $395.00. I imagine then that if this dime was uncleaned it would sell for approx. 20%+ higher. Sorry about the unprofessional pics.
indianhead: Looks like one back from the days when ANACS net graded problem coins. Not a bad looking piece.
What do you think of this one? http://www.mrbrklyn.com/coins.html http://www.mrbrklyn.com/coins/flying_eagle_1857_cleaned_ANA_obverse.png http://www.mrbrklyn.com/coins/flying_eagle_1857_cleaned_ANA_reverse.png Ruben
I think that the FE cent is terrific. I'd have it in my collection in a minute. I like your general website too. Nice job.
wow nice FE there ruben, btw back to the question if I can't notice the cleaning I buy it, if I can tell it has been cleaned or it has that just been brillo scrubbed look it would take a serious discount for me to consider it in the way of 40% or more
normally its knocked down one grade, really depends on how key the coin is. the key dates will always bring more cleaned then a common date cleaned (closer to bid or over that is)
i thought rare key date coins were usually in good condition? like the 1950D nickel, back then everyone looked for the 1950D. thats why it isnt hard to get a good example of them. also, that goes for the 1932 quarter. thats strange that its that worn.:hammer:
Coinlover: As far as key dates, the 1950D is probably scarcer in circulated condition than in unc. That is because it was heavily saved at the time. As for most other dates, they may be pulled from circulation, as was the 1931 S Lincoln cent and saved in high grades. But, often, the coin is not recognized as a key until it is too late. Take Barber quarters, the 1896 S is often found in AG and Good, at the time its mintage of 188,039 was not extremely low, there were many circulating Seated coins with far lower mintages. The 1916 D Merc was always hard to find, but it circulated well into the 1950's and even the 1960's. The 1932 quarter is an exception, since it was initially issued as a circulating commemorative and people saved them both as a commem and then as a first ye4ar of issue, which is very common for new issues.
