Some of the coins in one of the collections we purchased has been harshly cleaned and scratched. This is one of the more expensive coins that has been damaged. Does this coin still have any value? Can anything be done to improve the look?
Thanks P.G.
(http://www.australian-coins.net/gallery/albums/userpics/11534/com_1934_28129__b_-_small.jpg)
(http://www.australian-coins.net/gallery/albums/userpics/11534/com_1934_28129__f_-_small.JPG)
That is some pretty nasty cleaning on that coin.
Not much can be done here :(
Yes what a shame but one would think there'd still have to be some sort of value in it. So the scratches would still show if it had a little dip :scratch_one-s_head:
You might be better off just dumping it on ebay and recouping what you can.A serious
collector won't want to have much to do with such a damaged coin unfortunately
What a pity. Such a nice coin (8 pearls and lovely fine detail) otherwise. I think Stevo's advice is sound and it will probably fetch a reasonable price on eBay -just make sure you mention it has been cleaned to prevent any repercussions.
It really is sad when someone tries to 'improve' a coin and stuffs it up like this.
All you can do is tell it like it is, and either hold it (it IS otherwise gorgeous, after all) or sell it for whatever you can get. There certainly are people who would buy it, perhaps as a placeholder. Just be sure that they understand the condition.
You should still get $100 for it. It would make a good gap filler. If you do list on eBay put a lunk up here. I would bid on it for a push in set I want to complete
Thanks everyone for your help. I have never sold anything on ebay before but it does seem like the best place to sell cheaper coins. We have a lot of multiples of the same coins (including 3 of these so far) having acquired multiple collections, so I will definitely give it a go once I've worked out which ones to sell.
Quote from: 'serial' pid='105002' dateline='1486452658'You should still get $100 for it. It would make a good gap filler. If you do list on eBay put a lunk up here. I would bid on it for a push in set I want to complete
That grade/condition goes for over $200 on eBay. I bid on at least 50/year Centenary florins and I never win on coins in this condition as I don't value them as highly as others do.
With such a low mintage, I would have thought that coin would be valuable in ANY condition. It's like asking whether a damaged $1/10c 2000 mule is valuable. People will still pay big money for it no matter what condition it's in. :grin:
This one sold in December for $272.26.
Even though yours is harshly cleaned I would think that it is a better coin than this one.
http://www.ebay.com.au/itm/FLORIN-VICTORIA-CENTENARY-1934-35-WITH-SHAVED-EDGE-LA-/152352794680?hash=item2378ef2838%3Ag%3AxegAAOSwRMRYTgnj&nma=true&si=zSA00hfG9wHZFp3RbrlLNpVAvwM%253D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557
Quote from: 'trout' pid='105051' dateline='1486562321'This one sold in December for $272.26.
Even though yours is harshly cleaned I would think that it is a better coin than this one.
http://www.ebay.com.au/itm/FLORIN-VICTORIA-CENTENARY-1934-35-WITH-SHAVED-EDGE-LA-/152352794680?hash=item2378ef2838%3Ag%3AxegAAOSwRMRYTgnj&nma=true&si=zSA00hfG9wHZFp3RbrlLNpVAvwM%253D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557
Paying that sort of a price for a filler is silly. I pick up raw Unc examples for under $400 and there are graded MS64 from about $500 and MS65 from under $1,000.
Yes it is a silly price But that is what some people will pay for these even though they are rather ratty :angel:
I reckon it's worth about $300 on Ebay (minus final fees etc). Assuming it's genuine, I don't think it's filler. To me, filler is a replica or say an English 1930 penny. If this coin is filler then everything except the top pop coins are filler.
I bet the person who damaged this coin would be really kicking themselves. :dash1:
Quoteeverything except the top pop coins are filler.
For the vast majority of collectors this is Not the case and Many of us Including myself have many pretty average coins in our collections especially the pre decimals.
Yes it would be nice to have everything at MS64 and above But for most of us that is just a pipe dream.
Personally I am quite happy to have average circulated coins in my collections because that is all that I can afford and I like them which is the most important thing. :)
I'd think your coin would still be worth $200-$300. It's certainly nicer than that cancerous one that got $270.
Thanks for the price guide everyone.
That is one ugly coin Trout for $270 but beauty is in the eye of the beholder. I assume the obsession to complete a set can be almost overwhelming at times.
Quote from: 'r9453' pid='105055' dateline='1486575745'I reckon it's worth about $300 on Ebay (minus final fees etc). Assuming it's genuine.
I hadn"t thought of that. I hope our coins are all real.I don't know when counterfeit coins became common but I would imagine they have been copied for as long as they have been valuable. I understand all of the coins we have were collected pre 1990 and most well before that so I hope that lessens the chance of a copy turning up.
Quote from: 'Hercules' pid='105069' dateline='1486593606'I bet the person who damaged this coin would be really kicking themselves. :dash1:
Heh. Remember the guy who destroyed the 1850 Double Eagle? Quarter million dollar stuffup.
https://www.youtube.com/watch?v=mk0F_sQY-kM
Quote from: 'Hercules' pid='105069' dateline='1486593606'I bet the person who damaged this coin would be really kicking themselves. :dash1:
He's no longer with us but his handy work lives on.
Quote from: 'Fulvio' pid='105093' dateline='1486617527'Quote from: 'Hercules' pid='105069' dateline='1486593606'I bet the person who damaged this coin would be really kicking themselves. :dash1:
Heh. Remember the guy who destroyed the 1850 Double Eagle? Quarter million dollar stuffup.
https://www.youtube.com/watch?v=mk0F_sQY-kM
That guy has... sorry had... lots of money, but no brains. :shok:
Your coin still has value, have a read here:
http://www.numismatics.com.au/Blog/Coin_Cleaning_-_Your_Questions_answered
It's an article I wrote about 7 years ago, the images are dead but otherwise it's still valid, the main point to draw from this is "The effect of cleaning on a coin's value is highly dependent on where the coin derives its value from."
Cleaning destroys a coin's condition but your coin derives most of its value from its scarcity so it still retains a lot of value (probably around $250). Given it's circulated it probably didn't have too much more value than that to begin with.
On the other hand if I took an MS68 1962 threepence, a coin $2000 which derives nearly all of its value from its condition then cleaned it, it'll be worth under $1.
I have read where people carry these sort of harshly cleaned coins around in their pockets for a year or so in the hope of replicating normal circulation to lessen the harshness of the cleaning scratches/marks.
I am not sure how successful this is But I don't suppose it would do any more harm.
Another good example is the 1966 Wavy 20c vs. the 1981 3½ Claw 20c. The Wavy 20c derives most of its value from its scarcity, whereas the 3½ Claw 20c derives most of its value from its condition. Hence, cleaning an almost uncirculated Wavy 20c will do much less to lower its value than cleaning an almost uncirculated 3½ Claw 20c.
However, that's not to say that you should go out and clean the first Wavy that you find. On the contrary, you should keep it in the condition that you found it in, because I (and most other coin collectors) won't pay extra for damaged coins. If you must clean it, then get it done by a professional. :winkextra:
Quote from: 'Hercules' pid='105124' dateline='1486694515'If you must clean it, then get it done by a professional. :winkextra:
Dry dry ......
(http://www.australian-coins.net/gallery/albums/userpics/11067/electro.jpg)
I hear AJ Trout Mint has branched out into coin cleaning services...
(http://product.circle-international.com/wp-content/uploads/2015/05/cleaner.jpg)