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<p>[QUOTE="kevin McGonigal, post: 3211203, member: 72790"]I have an opportunity to pick up an ancient coin, viz. an 80 drachmai of Cleopatra VII. The coin, which I presently do not have, (sorry no photo) is in a sealed plastic container and is certified by one of the common certifying and grading firms. It is graded VG with a 4/5 for its strike and a 2/5 for surface and the notation "smoothing". The portrait of Cleopatra looks quite good and the reverse eagle and inscription is not too bad, either. It also has what looks like a nice patina but I am wondering if this is the product of the smoothing process. What I am tying to determine is what kind of a price is consistent with the "smoothing" notation on the coin. I have a pretty good idea what the coin would go for in this condition, if it were not for the smoothing part. What would a normal discount for such a coin be with that smoothing notation? I am not going to purchase this coin with the idea of selling it later for a profit. Because of the image of Cleopatra I like the coin but don't want to take a bath on this if I have to sell it a few years down the line. I must admit to being somewhat baffled by the smoothing process and not entirely familiar with how it is done and how it affects a coin's value, especially when it looks like it has a patina to it. Any help on how smoothing affects a coin's value would be much appreciated. Thanks[/QUOTE]</p><p><br /></p>
[QUOTE="kevin McGonigal, post: 3211203, member: 72790"]I have an opportunity to pick up an ancient coin, viz. an 80 drachmai of Cleopatra VII. The coin, which I presently do not have, (sorry no photo) is in a sealed plastic container and is certified by one of the common certifying and grading firms. It is graded VG with a 4/5 for its strike and a 2/5 for surface and the notation "smoothing". The portrait of Cleopatra looks quite good and the reverse eagle and inscription is not too bad, either. It also has what looks like a nice patina but I am wondering if this is the product of the smoothing process. What I am tying to determine is what kind of a price is consistent with the "smoothing" notation on the coin. I have a pretty good idea what the coin would go for in this condition, if it were not for the smoothing part. What would a normal discount for such a coin be with that smoothing notation? I am not going to purchase this coin with the idea of selling it later for a profit. Because of the image of Cleopatra I like the coin but don't want to take a bath on this if I have to sell it a few years down the line. I must admit to being somewhat baffled by the smoothing process and not entirely familiar with how it is done and how it affects a coin's value, especially when it looks like it has a patina to it. Any help on how smoothing affects a coin's value would be much appreciated. Thanks[/QUOTE]
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