Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
watch out!!
>
Reply to Thread
Message:
<p>[QUOTE="National dealer, post: 20617, member: 487"]When determining a new value for a harshly cleaned coin, you start with the grade. If the particular coin grades "Fine" and has a non-cleaned value of say $80. The first thing that you will want to do is drop the grade a few points. Lets say VG. Now this will depend on how bad the overall appearence is. If the coin has a really "cleaned" look, it could drop to a "Good" price. I have seen and bought many cleaned coins over the years, and when if ever they are offered for sale, they receive a steep price drop for the grade. </p><p><br /></p><p>As an example, I bought a 1960 Franklin Half Dollar that would easily grade MS-65 FBL, but the coin has been wiped on the obverse. Now most collectors would not even notice the lines running left to right across the obverse. This coin has a retail value of about $175. The next grade down sells at retail for roughly $50. Now most dealers would split the difference and sell the coin for say $80 to $90.</p><p><br /></p><p>Here is a pic of the particular coin. Can you see the wipe?[/QUOTE]</p><p><br /></p>
[QUOTE="National dealer, post: 20617, member: 487"]When determining a new value for a harshly cleaned coin, you start with the grade. If the particular coin grades "Fine" and has a non-cleaned value of say $80. The first thing that you will want to do is drop the grade a few points. Lets say VG. Now this will depend on how bad the overall appearence is. If the coin has a really "cleaned" look, it could drop to a "Good" price. I have seen and bought many cleaned coins over the years, and when if ever they are offered for sale, they receive a steep price drop for the grade. As an example, I bought a 1960 Franklin Half Dollar that would easily grade MS-65 FBL, but the coin has been wiped on the obverse. Now most collectors would not even notice the lines running left to right across the obverse. This coin has a retail value of about $175. The next grade down sells at retail for roughly $50. Now most dealers would split the difference and sell the coin for say $80 to $90. Here is a pic of the particular coin. Can you see the wipe?[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
watch out!!
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...