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1853 Qtr and 1868 Nickel
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<p>[QUOTE="LostDutchman, post: 768374, member: 16994"]I have to agree with the XF details comments in this thread. While the coin does appear to have some luster left in the fields.. the details lack enough for me to call it an AU. I also believe this coin to have been more then just dipped... this coin was harshly cleaned at some point... dipping a coin will not give it the bright white reflective look we see in the first pictures... dipping may lighten it but I believe this coin was rubbed or polished by something. </p><p><br /></p><p>What does this do to the value of the coin?? </p><p><br /></p><p>It sure doesn't help... Problem coins are always hard to sell... Especially when you can buy a no problem example in the same grade relatively inexpensively. Personally I discount harshly cleaned coins at least %50 of the details grade price... and then sometimes have trouble moving them at price. The greysheet puts an 1853 A&R quarter in XF at $100 as a bid price... meaning that I would be a seller of this coin in the $50 range... and a buyer in the $40-$45 range. Coins that have been lightly cleaned but still noticeably cleaned I personally still discount about %25 of their bid price.</p><p><br /></p><p><br /></p><p>I also don't believe it to be a repunched date.[/QUOTE]</p><p><br /></p>
[QUOTE="LostDutchman, post: 768374, member: 16994"]I have to agree with the XF details comments in this thread. While the coin does appear to have some luster left in the fields.. the details lack enough for me to call it an AU. I also believe this coin to have been more then just dipped... this coin was harshly cleaned at some point... dipping a coin will not give it the bright white reflective look we see in the first pictures... dipping may lighten it but I believe this coin was rubbed or polished by something. What does this do to the value of the coin?? It sure doesn't help... Problem coins are always hard to sell... Especially when you can buy a no problem example in the same grade relatively inexpensively. Personally I discount harshly cleaned coins at least %50 of the details grade price... and then sometimes have trouble moving them at price. The greysheet puts an 1853 A&R quarter in XF at $100 as a bid price... meaning that I would be a seller of this coin in the $50 range... and a buyer in the $40-$45 range. Coins that have been lightly cleaned but still noticeably cleaned I personally still discount about %25 of their bid price. I also don't believe it to be a repunched date.[/QUOTE]
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