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Message:: [QUOTE="imrich, post: 1389027, member: 22331"]The Reluctance Is "Label" Related? If a knowledgeable collector examines many of TPG certified older coins in less than "Mint State" condition, they will realize that the coins have been cleaned, as you generally don't find century old circulated Silver coins in lustrous condition. They are purchased because they lack the "cleaned" stigma or label. I just examined a small bag of Almost Uncirculated (Mint State?) Mercury dimes, many with multiple split fasces bands, and only found 2 that had "luster" similar to that seen on TPG certified lesser quality coins I've purchased. I found the "purists" hesitancy to be virtually non-existent if the coin is attractive, and competitively priced. I've done numerous studies in various venues, and regardless what collectors profess, they generally want a pristine appearing product. They   generally will turn a "blind eye" to "dipping/cleaning" rather than purchase a mint state detail coin with natural environmental tarnish. I often hear that a buyer wants a MS60 Gold century aged coin without "bag rub", and will purchase a dipped raw coin rather than the natural state tarnished coin. Dealers will significantly discount a TPG certified mint state coin with natural dark stains. My experience is that a mildly cleaned coin often will command a net premium relative to a natural appearance coin. edited Personally, I'll purchase a truly AU details cleaned coin at a depreciated rate, as standards for grade rejection due to cleaning varies significantly between the TPG. If "harsh" cleaning isn't evident, there's a possibility/probability that resubmission to an alternate TPG will result in a grade establishment. A resubmission of a "cleaned" item, after an extended period of storage time in certain environments may result in an acceptable coin for grading, even when resubmitting to the original certifying TPG. Personally, I've found value in coins that others might declare as less valuable. Many of the "tainted" label items that were purchased in the past can easily be sold at a premium in the current market. You've posted a great example of this phenomena. Value is in the eye of the beholder, and hopefully your buyer of a "tainted" item. :thumb:[/QUOTE]

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