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How much are you willing to pay for a dipped key-date coin?
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<p>[QUOTE="moneyseemoneydo, post: 987212, member: 25360"]I have an opportunity to pick up a very nice raw 1934s Peace Dollar just shy of an MS grade....For the sake of argument I'll call this an AU58. The coin has had a light dipping which has taken away any cartwheel luster but still shines fairly well. There are no noticeable contact marks from the cleaning but after staring at this coin for enough time it became apparent that it has in fact been dipped. </p><p> </p><p>My question is this: How much do you subtract from book value if you were to buy a 'lightly' cleaned key-date coin?</p><p> </p><p>Dropping a grade level seems to be the standard, but doesn't that depend on the severity of the cleaning? </p><p>Does anyone follow their own set of 'cleaned' rules like:</p><p>'Lightly cleaned' = -4</p><p>'Moderately cleaned' = -8</p><p>'Harshly cleaned' = -12</p><p> </p><p>With a coin like the 34s that has some pretty healthy leaps in cost between grades would a lightly cleaned AU58 drop to a EF price??</p><p> </p><p>I would love to hear your thoughts and opinions.[/QUOTE]</p><p><br /></p>
[QUOTE="moneyseemoneydo, post: 987212, member: 25360"]I have an opportunity to pick up a very nice raw 1934s Peace Dollar just shy of an MS grade....For the sake of argument I'll call this an AU58. The coin has had a light dipping which has taken away any cartwheel luster but still shines fairly well. There are no noticeable contact marks from the cleaning but after staring at this coin for enough time it became apparent that it has in fact been dipped. My question is this: How much do you subtract from book value if you were to buy a 'lightly' cleaned key-date coin? Dropping a grade level seems to be the standard, but doesn't that depend on the severity of the cleaning? Does anyone follow their own set of 'cleaned' rules like: 'Lightly cleaned' = -4 'Moderately cleaned' = -8 'Harshly cleaned' = -12 With a coin like the 34s that has some pretty healthy leaps in cost between grades would a lightly cleaned AU58 drop to a EF price?? I would love to hear your thoughts and opinions.[/QUOTE]
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