These are coins that you do not want in your collection
Not all coins are created equal, and not all of them are worthy of being included in your collection. To insure that you will be pleased with your coins at the time you purchase them, while you own them and most importantly when you sell them, you must avoid buying any that will not stand the test of time.
Some coins are just never going to be worthy of owning no matter how rare or unusual they may be. Almost any coin with a hole in it is sure to be scorned forever. You will never enjoy it, and it will always be difficult to sell. The same is true of coins that have been used in jewelry and show traces of mounting or repairs. It is far better to consider buying a single nice condition coin than several in low grade.
Coins that show signs of having been harshly cleaned are also likely to be losers in the long run. It is nearly impossible to get them slabbed, they do not hold their value, and they are always an eyesore among a collection of otherwise attractive coins. None of those defective pieces will ever improve with time, and chances are that they will eventually be replaced with better specimens at a loss to the original investment.
Equally troublesome are common coins in low grade condition. There are, of course, exceptions to this rule, but any coin that can be purchased in uncirculated condition at a fraction above a circulated specimen, should not be collected in anything less than uncirculated
Other problem coins are those with spotting or ugly toning, and any coin that is “one sided.” Those are pieces that look great on one side but are sadly deficient on the other. One dealer used to say that he was only selling one side, and the other was thrown in at no charge. Nice try! But those coins just don’t stand up to inspection. It is always best to select coins that are well balanced on both sides and have even patina or toning.
Any coin that has been tooled, repaired or “improved” by doctoring is another candidate for the scrap pile. As a collector you will never be really happy with such a coin and will always long to find a better specimen. It will go begging when it is time to sell.
Some new collectors are buying coins that have been gold plated or hand colored after leaving the Mint. It seems doubtful that any of these will ever have any value even as a novelty and they have no place in a sophisticated collection. The same can be said about counterfeits and replicas.
When selecting a coin for your personal enjoyment, first be sure that you are perfectly pleased with its condition and appearance. If there is anything about it that just doesn’t seem right, you can be sure that others will feel the same. In time you will want to replace it and when it is time to sell, you are certain to meet with resistance from any potential collector or dealer.
Remember, at Gary Adkins Associates, we strive to find the best quality and value for each graded coin we offer. Our motto continues to be “If we wouldn’t put it in our collection, we won’t ask you to put it in yours”!