Is It Over For This Coin?

Started by p.gee, February 07, 2017, 11:46:32 AM

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trout

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. :)
Aim well to enjoy life. You only get One shot at it.
Illegitimi non carborundum

markn

I'd think your coin would still be worth $200-$300.  It's certainly nicer than that cancerous one that got $270.
Founder: Australian Coin Forum
The Australian Coin Collecting Blog

p.gee

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.

Fulvio

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
http://fulvio55.altervista.org/ - Decimal Mintages and Polymer Notes PDFs
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p.gee

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.

Hercules

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:

wwwww

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.

trout

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.
Aim well to enjoy life. You only get One shot at it.
Illegitimi non carborundum

Hercules

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:

Unicorn

Quote from: 'Hercules' pid='105124' dateline='1486694515'If you must clean it, then get it done by a professional. :winkextra:

Dry dry ......


Fulvio

I hear AJ Trout Mint has branched out into coin cleaning services...

http://fulvio55.altervista.org/ - Decimal Mintages and Polymer Notes PDFs
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