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How much does a test cut take from a coin's value?
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<p>[QUOTE="dougsmit, post: 4633860, member: 19463"]This is a great question but not one that has an answer. All coins are individuals to a point and how we balance a test cut against a poor strike of bad centering or a lot of wear or poor style or surface scratches or porosity or any of many other faults depends a lot on who is buying and who is selling. Some people will not consider a coin with any faults while others will rank the faults differently. Test cuts are SERIOUS faults in most eyes but perhaps not as bad as a hole or <u>extreme</u> versions of any of my (non-exhaustive) list above. I find them a lot less bothersome than many people do but that does not mean I will pay more for the coin. It just means that I am not driven away from the coin and will be joining a smaller group of people competing for it. That generally means the price will be lower. Lets describe the coin below.</p><p>[ATTACH=full]1145842[/ATTACH] </p><p><br /></p><p>I see a well centered coin with a lot of the crest on flan. There is a lot of wear on the high points of both sides and damage to the cheek and are below the ear on the obverse (caused by the pressure from one of the test cuts). Most collectors would not want the coin based on just those problems so I had less competition when I decided I wanted the coin because of, not in spite of the three test cuts. If one test cut reduces the price of a coin by 3/4 (a guess), I would say three cuts will make the coin more interesting so they may reduce it less than that. It did to me anyway but I would still have trouble finding a crowd of buyers for the coin were I to try to sell it. The recent influx of that huge hoard of high grade owls has hurt the market for not so great coins of this type. Each person could decide what to pay on any given day. What do you say? Are the cuts the worst problems on this coin? It will be hard to find an identical triple cut, worn and damaged but well centered owl to serve as a guide in pricing this owl. I won't be selling it so it makes no difference but I could guess it was worth the $150 I paid before the hoard came so it might be less today ....or more if someone really wanted three cuts and a lot of crest and had money burning a hole in the pocket because it has been harder to find decent coins in these days of pandemic. Like I said: This is a great question but not one that has an answer.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 4633860, member: 19463"]This is a great question but not one that has an answer. All coins are individuals to a point and how we balance a test cut against a poor strike of bad centering or a lot of wear or poor style or surface scratches or porosity or any of many other faults depends a lot on who is buying and who is selling. Some people will not consider a coin with any faults while others will rank the faults differently. Test cuts are SERIOUS faults in most eyes but perhaps not as bad as a hole or [U]extreme[/U] versions of any of my (non-exhaustive) list above. I find them a lot less bothersome than many people do but that does not mean I will pay more for the coin. It just means that I am not driven away from the coin and will be joining a smaller group of people competing for it. That generally means the price will be lower. Lets describe the coin below. [ATTACH=full]1145842[/ATTACH] I see a well centered coin with a lot of the crest on flan. There is a lot of wear on the high points of both sides and damage to the cheek and are below the ear on the obverse (caused by the pressure from one of the test cuts). Most collectors would not want the coin based on just those problems so I had less competition when I decided I wanted the coin because of, not in spite of the three test cuts. If one test cut reduces the price of a coin by 3/4 (a guess), I would say three cuts will make the coin more interesting so they may reduce it less than that. It did to me anyway but I would still have trouble finding a crowd of buyers for the coin were I to try to sell it. The recent influx of that huge hoard of high grade owls has hurt the market for not so great coins of this type. Each person could decide what to pay on any given day. What do you say? Are the cuts the worst problems on this coin? It will be hard to find an identical triple cut, worn and damaged but well centered owl to serve as a guide in pricing this owl. I won't be selling it so it makes no difference but I could guess it was worth the $150 I paid before the hoard came so it might be less today ....or more if someone really wanted three cuts and a lot of crest and had money burning a hole in the pocket because it has been harder to find decent coins in these days of pandemic. Like I said: This is a great question but not one that has an answer.[/QUOTE]
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How much does a test cut take from a coin's value?
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