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<p>[QUOTE="purple88, post: 1820170, member: 56032"]My local coin store has a couple hundred nice bright Morgans for sale. I'm not an expert on how dealers and coin stores acquire coins. I know one source for coin dealers is walk ins looking to sell their coins. Local coin store buys Morgans, for example, from a walk in for wholesale price of 18 bucks. If they then clean the coin removing tarnish or unattractive toning and any dirt thus making the coin bright white creating an attractive coin with luster. All the Morgans my LCS has are graded by either NGC or PCGS. Since the vast majority of coins walk ins sell to the LCS are not graded I'm assuming my LCS cleans the coins and sends them to a TPG to be graded with the intention/goal to get the highest grade possible in order to sell the coin retail for as much money as possible.</p><p><br /></p><p>Am correct in assuming the LCS cleans their Morgans?</p><p><br /></p><p>If they do clean them before submitting them to a TPG they must clean the coins in a matter that the TPG can't tell if the coin was cleaned or not. How do they clean the coins?</p><p><br /></p><p>NGC and PCGS both offer conservation/restoration services for a fee. Correct me if I'm wrong but basically they are cleaning the coin and charging a fee to do so. How do they clean the coins? Do they dip the coins?</p><p><br /></p><p>It is preached extensively to collectors to never clean a coin but NGC and PCGS both offer the service above which is cleaning the coins along with my assumption that LCSs also clean coins they buy before selling them at retail. Why the contradiction? Why is it OK for these parties to clean a coin but it's not OK for a collector to do so?</p><p><br /></p><p>Thanks in advance for any input or opinions. If the above has been addressed in another thread please let me know.[/QUOTE]</p><p><br /></p>
[QUOTE="purple88, post: 1820170, member: 56032"]My local coin store has a couple hundred nice bright Morgans for sale. I'm not an expert on how dealers and coin stores acquire coins. I know one source for coin dealers is walk ins looking to sell their coins. Local coin store buys Morgans, for example, from a walk in for wholesale price of 18 bucks. If they then clean the coin removing tarnish or unattractive toning and any dirt thus making the coin bright white creating an attractive coin with luster. All the Morgans my LCS has are graded by either NGC or PCGS. Since the vast majority of coins walk ins sell to the LCS are not graded I'm assuming my LCS cleans the coins and sends them to a TPG to be graded with the intention/goal to get the highest grade possible in order to sell the coin retail for as much money as possible. Am correct in assuming the LCS cleans their Morgans? If they do clean them before submitting them to a TPG they must clean the coins in a matter that the TPG can't tell if the coin was cleaned or not. How do they clean the coins? NGC and PCGS both offer conservation/restoration services for a fee. Correct me if I'm wrong but basically they are cleaning the coin and charging a fee to do so. How do they clean the coins? Do they dip the coins? It is preached extensively to collectors to never clean a coin but NGC and PCGS both offer the service above which is cleaning the coins along with my assumption that LCSs also clean coins they buy before selling them at retail. Why the contradiction? Why is it OK for these parties to clean a coin but it's not OK for a collector to do so? Thanks in advance for any input or opinions. If the above has been addressed in another thread please let me know.[/QUOTE]
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