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Coin and Paper Money Collecting/How much are cleaned coins worth?
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Question
I sent several coins to ANACS to grade and slab and about half of them came back with cleaned near the grade. I have a lot of older large cents and draped bust coins from a dime to a dollar. If I get a grade back of VG-8 on a 1799 dollar with cleaned what is it worth when I look at a grey sheet?
Michael,
940
There is no set answer to this question. The amount of discount for cleaning depends alot on the actual cleaning, and also on what kind of coin it is. If the coin is markedly discolored, or has plainly visible hairline (or worse) scratches, then it will have to be discounted alot more than if it had an old light cleaning and has re-colored nicely.
A 1799 dollar in VG lists at $940 in the CDN. An old light cleaning may only reduce its value to about $800, while a harsh cleaning may reduce it to $400.
I can tell you that discolored large cents are very difficult to sell, so will have to be discounted alot.
There is no way to tell for sure what each coin is worth -- you'd have to take them to a coin show and get offers.
I hope this helps,
Dan
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Answers by Expert:
Dan Moore
Expertise
My strong familiarity with all U.S. Mint coins, extensive reference library, and close relationships with many other dealers allows me to identify just about any coin made in the USA. I receive regular updates to all the current price guides -- both wholesale & retail -- to provide accurate values. So, with a good description or pictures, I should be able to identify and value any U.S. coin you have.
Experience
I've been a coin dealer since the 1980's and a coin collector since the 1960's. I specialize in U.S. Silver Coins and have an active online website -- The Working Man's Rare Coins -- http://www.workingmancoins.com -- offering information and inventory in U.S. coins.
Organizations I belong to :
American Numismatic Association Member #187770
Michigan State Numismatic Society Member #8255
Florida United Numismatics Member #19710
Monroe Coin Club Treasurer
Lincoln Coin Club Board Member
WINS Member #14
CoinMasters Member #1814
Frequently Asked Questions :
I have created a Frequently Asked Questions page on my website, where you may be able to get an immediate answer to your question. You can find the page here :
http://www.workingmancoins.com/FAQ/index.htm
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