Details Graded Coins...what to do?

[JohnA]

When you get a silver coin back from grading as Details [Cleaned], what do you do? I mean in general and also specifically if it happened to you.

a There is a market that you can get at least some of your investment back selling the coin in that holder. 

b Take it out of the holder and sell it as a  coin ungraded but show the condition. 

c Just keep it and leave it in the holder. 

d Keep it and take it out of the holder and hope maybe in 10 years it will tarnish again.   

e I am bordering on dishonesty by even asking about b and d .   

 

[Agpanda]

C for me, hoping silverprice will rice enough to sell it without a loss

[sovereignsteve]

5 hours ago, JohnAnsink said:

e I am bordering on dishonesty by even asking about b and d . 

I disagree. You are assigning the TPGs a title of "coin god" and assuming everything they decree is gospel.

They grade coins, which is not an exact science; it is a matter of opinion. Many TPG results have been disputed, often on this forum.

Their standards for saying coins are damaged or cleaned are not published so cannot be peer-reviewed or disputed. The assume the right to judge without question.

If you take a coin out of it's holder you are merely returning it to it's condition before you sent it to a TPG. This is no different to showing it to an expert coin dealer for their opinion. That's what it is; an opinion.

[Xander]

At the end of the day it's your coin, do what you wish with it. If it where mine I would tuck it away and leave it in the holder, whereas, once you remove it that's it you cant undo it. That way it would give you a choice at a future date to remove it or not...options are good.

[oliversw5]

A, buy the coin not the holder. I try and grade coins that are visually pleasing.

[JohnA]

3 hours ago, Xander said:

At the end of the day it's your coin, do what you wish with it. If it where mine I would tuck it away and leave it in the holder, whereas, once you remove it that's it you cant undo it. That way it would give you a choice at a future date to remove it or not...options are good.

Smart... I'll just look at the non-details coin  and treat the details coins like a vampire treats a mirror. It's my cross to bear...get it? Cross ... vampire 

[Jester]

If you decide you no longer want it because of the grade/condition assigned by the TPG AND you want to be able to live with yourself as an honorable, trustworthy person (we all should be striving for that), break it out of the slab and sell it only referencing the overall grade tier. So if it was graded as UNC Details, you could truthfully sell it as an uncirculated coin.

[Murph]

13 hours ago, Jester said:

If you decide you no longer want it because of the grade/condition assigned by the TPG AND you want to be able to live with yourself as an honorable, trustworthy person (we all should be striving for that), break it out of the slab and sell it only referencing the overall grade tier. So if it was graded as UNC Details, you could truthfully sell it as an uncirculated coin.

Not exactly honourable is it.  Selling it without mentioning any grade could be argued as honest but I, personally would be inclined to tell any buyer that I had had it previously graded.

[JohnA]

3 hours ago, Murph said:

Not exactly honourable is it.  Selling it without mentioning any grade could be argued as honest but I, personally would be inclined to tell any buyer that I had had it previously graded.

True...that's probably how I got the coins in the first place. 

[tbone]

Leave it in the holder.  If you break it out, you're doing it in part because you think someone else might pay you more for the raw, even if you "disclose" it somewhere in the description.  Its dishonest really.  Besides, I have coins that are details graded that I really like, despite some previous rim filing or cleaning or whatever.  The holder still validates that its a genuine coin.

[JohnA]

45 minutes ago, tbone said:

Leave it in the holder.  If you break it out, you're doing it in part because you think someone else might pay you more for the raw, even if you "disclose" it somewhere in the description.  Its dishonest really.  Besides, I have coins that are details graded that I really like, despite some previous rim filing or cleaning or whatever.  The holder still validates that its a genuine coin.

Good point...I am mad when people try to be dishonest and show the coins in best light in pics, etc.    

I am gonna keep my 1887 collection. This discussion is kind of referring to that and my recent grading. Even if I sell the coins, who knows if I can pick up better ones. And I don't plan on getting the rest graded, maybe some time in the future but doubtful. I am moving on to other types of coins, modern.

But is there a market for coins in Details holder, in general? 

[sovereignsteve]

6 hours ago, JohnAnsink said:

But is there a market for coins in Details holder, in general?

Yes. If a coin is normally expensive ie rare(r) or very good grade, a details slab will reduce value but still be very saleable depending on the problem. As someome said, it shows it's genuine.

[JohnA]

5 hours ago, sovereignsteve said:

Yes. If a coin is normally expensive ie rare(r) or very good grade, a details slab will reduce value but still be very saleable depending on the problem. As someome said, it shows it's genuine.

Ok..since I have copies of sixpence and shilling that are in good cond but also cleaned...I'll put the slabbed coins on eBay and see what happens.

It'll be a good experiment and I'll post the results here

[whitesands1]

Almost a real moral dilemma!  A great post and some great responses.

I am certain we've all been a bit sore at some time when we've been on the wrong end of a deal where the seller had more information than we, his "valued" buyer had so avoiding someone going through that is a great thing.

At the end of the day - you will know what you have done and that is all that is really important!

However, it puts a whole new spin on the ebay listings which say; "I am no expert, please judge the grade of the coin from the (questionable quality) images"

One final input -just to show there are no easy answers to complex situations - if you disagree with the opinion as  @sovereignsteve says then breaking it out and allowing someone to judge for themselves might be ok!

In this case it seems there are more questions than answers!

All the best!

[JohnA]

5 hours ago, whitesands1 said:

Almost a real moral dilemma!  A great post and some great responses.

 

I think this post helped me get on the track and do the right thing. I was upset still since I got the  coins back from grading just a few days ago. 

I have a 100% seller/buyer rating on eBay, and I always try to treat my buyers fairly. So I want to keep it up and have a clear conscience. But I still like @sovereignsteve comment that grading is subjective.

[sovereignsteve]

1 minute ago, JohnAnsink said:

But I still like @sovereignsteve comment that grading is subjective.

I would have more sympathy for the TPG'ers if they defined exactly what they mean by cleaning, what constitutes sufficient damage for a details, were more consistent with their "hair lines" etc and gave a numerical grade along with their opinion/description of what they think is wrong.

[JohnA]

I started bidding with a minimum price/free shipping.

 

[Jester]

On 10/29/2017 at 08:36, Murph said:

Not exactly honourable is it.  Selling it without mentioning any grade could be argued as honest but I, personally would be inclined to tell any buyer that I had had it previously graded.

Did I say don't mention a grade? If the TPG graded it UNC Details then selling it as an uncirculated coin is in no way dishonest. Take good pictures and be willing to answer questions and you've done your part. If you're going to buy a coin from eBay and not bother to ask the seller probing questions then that's on you. If someone does ask probing questions, which again you should be doing, and you're misleading then that falls squarely into dishonest selling practices.

I'm currently selling a beautiful 1910 6P in its slab that came back UNC Details - Surface Hairlines (that was purchased raw from a very reputable British dealer who was selling it as an UNC 1910 6P) so I was just providing another data point.

Good luck with your sales.