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Under what circumstances would you buy a problem coin?
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<p>[QUOTE="Jaelus, post: 2410860, member: 46237"]I would buy and have bought problem coins in the following situations:</p><ol> <li>When the coin is sufficiently rare and problem free examples are either unavailable or unobtainably expensive.</li> <li>When the coin is struck in a highly reactive metal such as iron or zinc, and minor problems are par for the course. For example if I ruled out minor problems for my WWI Hungarian iron types I wouldn't have any examples at all.</li> <li>When the problem is minor and the coin is otherwise attractive (not all problems are created equal), provided the price is fair. Sometimes TPGs will even net grade these or consider them market acceptable as with old cleanings that have retoned.</li> <li>When a significantly better example can be found with a minor problem over a lower grade example. For example my draped bust quarter type coin has minor damage to the reverse, but VG details otherwise, and a very pleasing obverse. I paid around what I would have for a problem free AG, and got what I consider to be a much more appealing type coin.</li> <li>When it's priced way too low to pass up. A steal is a steal.</li> </ol><p>It is perfectly reasonable to accept minor problems in all of the above scenarios. As long as the price is fair, why not consider an attractive problem coin?[/QUOTE]</p><p><br /></p>
[QUOTE="Jaelus, post: 2410860, member: 46237"]I would buy and have bought problem coins in the following situations: [LIST=1] [*]When the coin is sufficiently rare and problem free examples are either unavailable or unobtainably expensive. [*]When the coin is struck in a highly reactive metal such as iron or zinc, and minor problems are par for the course. For example if I ruled out minor problems for my WWI Hungarian iron types I wouldn't have any examples at all. [*]When the problem is minor and the coin is otherwise attractive (not all problems are created equal), provided the price is fair. Sometimes TPGs will even net grade these or consider them market acceptable as with old cleanings that have retoned. [*]When a significantly better example can be found with a minor problem over a lower grade example. For example my draped bust quarter type coin has minor damage to the reverse, but VG details otherwise, and a very pleasing obverse. I paid around what I would have for a problem free AG, and got what I consider to be a much more appealing type coin. [*]When it's priced way too low to pass up. A steal is a steal. [/LIST] It is perfectly reasonable to accept minor problems in all of the above scenarios. As long as the price is fair, why not consider an attractive problem coin?[/QUOTE]
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Under what circumstances would you buy a problem coin?
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