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I DIDN’T MEAN TO TELL A FIB.
When it comes to coin cleaning there are about twenty different schools
of thought, and every pupil seems to have a strong opinion. I expect that this
report will stimulate lots of correspondence from those who don’t agree with my
version of the “truth”
BETTER COINS THROUGH CHEMISTRY.
Can you describe a cleaned coin for me? Is a coin which was immersed in
soap and water to remove some surface dirt now cleaned? Is removing PVC
contamination from a coin, with a product designed for this purpose, the same
as cleaning? Is dipping a coin in liquid tarnish remover as good as cleaning
it? Is scrubbing the surfaces of a coin with a soft brush cleaning, or does it
depend whether the bristles of the brush are made of camel hair or brass?
LET’S PUT THE ARMS BACK ON VENUS.
As coin collectors, we should all realize that while we may, in a legal
sense, own the coins in our collections, we are actually just custodians. The
proper thing for us to do is carefully preserve these treasures with the
intention of passing them along to future generations in the same state that we
found them. There is nothing to be gained by leaving traces of our ownership on
the pieces, especially fingerprints on copper and bronze coins. Let the next
guy use a toothpick to dig the dirt out from around the lettering. Leave
dipping off the black toning streak to the next owner. Sadly this isn’t going
to happen. Collectors have been messing around with coins for centuries. If
they are not boiling ancient coins in oil or acid to remove encrustation, they
are picking and prodding away at the surfaces of modern coins to remove carbon
spots or scratches. I see collectors of copper coins brushing and oiling their
treasures. The dealer who must make ten trips a day to his hotel room may not
have weak kidneys, he just needs to dip a new purchase before offering it to
the next customer. “I’ve never seen a coin I couldn’t improve,” seems to be a
popular motto among coin collectors and dealers.
SCRUBBING FOR DOLLARS
I would suggest that most coins are cleaned or otherwise doctored to make
them more saleable. If a darkly toned coin, which was covered with decades of
accumulated grime, was worth as much, and as easily sold, as a bright and shiny
piece then there would be little incentive to clean it.
Certainly among non-collectors the understanding is that bright and new
looking coins are worth more than dirty and dull ones. Most dealers could tell
many horror stories about selling customers who polished and buffed thousands
of dollars in value off the surfaces of their coins because they thought that
the dealer would pay more for clean looking coins.
For as long as I have been involved in the coin business, collectors and
investors have been demanding fully brilliant, untoned coins. I have personally
seen numerous times when a coin which was toned could not be sold. Once the
piece was dipped, and restored to its former mint brilliance, it attracted the
attention of several interested buyers. If everyone wants bright coins what is
the dealer and selling collector to do? Would you rather be a pious protector
of coins, or is it more practical to dip a few pieces and perhaps in doing so,
put thousands of extra dollars in your pocket? I know of one recent case where
a heavily toned coin was encapsulated in a MS-65 grading service holder. A
dealer “cracked” the coin from the container, dipped the piece, and resubmitted
it for grading. This time the coin was returned to him graded MS-68!
DOES A FALLING TREE MAKE A NOISE IN NO ONE IS AROUND TO HEAR IT?
Does it matter if a coin has been cleaned if no one can detect it? Can I
positively tell the difference between a coin, which is originally brilliant,
and one that has been dipped? The answer must be no. Certainly some coins,
which have had a “bath”, are detectable and others may be suspicious, but if a
dipped coin could be instantly recognized then they would not be so readily
accepted in the marketplace. Obviously the majority of dealers and collectors
don’t consider dipping, when done properly, to be wrong. If dipped coins were
generally considered to be cleaned then the practice would have ceased long
ago.
WHERE DO WE DRAW THE LINE?
To make a list of all the things that might be done to coins to clean, as
well as preserve them, would require pages of space. To debate whether sealing
coins in wax, painting the surfaces with lacquer, or coating copper and bronze
coins with silicone should be considered acceptable would be a useless
exercise. What might be more constructive is to determine which types of
chemical enhancement materially alter the appearance of the coin and if the
reason for doing something to the coin is to deceive for profit.
THERE IS NO GOING BACK.
Not having been there, I can’t say for sure, but it is my understanding
that old time collectors, that is those who were active in the hobby prior to
World War II, were not nearly as concerned, as we are today, about whether a
coin looked as though it had just dropped from the dies. Likewise, they were
generally less worried about the technical grade of coins. This is not to say
that these collectors did not appreciated quality, but rather that they were
unwilling to pay huge premiums for slight difference in condition, or for mint
brilliant pieces. Pricing guides listed values for coins that were
uncirculated, nothing more. Along came the investor and the notion that perhaps
it would be best to value uncirculated coins in two ways, those which were just
uncirculated and those which were Brilliant Uncirculated. It’s a shame that
instead of BU, those involved in numismatics at the time didn’t decide on BT.
If beautifully toned coins had been the pieces to command a premium, instead of
brilliant ones, the coins we collect today might look very different.
Dealers and collectors readily adapted to these changes. It was a simple
matter to increase the value of one’s collection or inventory by removing
tarnish. Why on earth would I sell my uncirculated Barber half dollar for $15
when in a matter of seconds I could convert it to a BU coin that is worth $20?
As I’ve already mentioned, early collectors and dealers have always
played around with and doctored coins, but in the old days the real money was
made by producing outright forgeries. Copies of coins, some very deceptive and
others quite crude were far more prevalent than they are today. Dates on coins
were changed. The surfaces were tooled and reengraved to give the coin the
appearance of being a higher grade. Mintmarks were added or deleted. At the
time, any 1916 Mercury dime, with an added D mintmark was worth more than a
superb example of the Philadelphia Mint issue. Today this is not the case. A
1916-D Mercury dime in Good condition is worth around $325. A 1916, without the
magic mintmark, in MS-67, forgetting about how well it may have been struck,
will probably cost $525. What has happened? Have circulated examples of 1916-D
Mercury dimes become more plentiful over the years, or has the collector’s and
investor’s preoccupation with perfection revised the way we value coins?
As our nation’s early currency warned, “To Counterfeit is Death”. None of
the notes said, “Don’t wash and starch me.”
As counterfeit detection methods improved, and this information became
available to collectors, those who had been making money in the risky
reproduction market wisely decided that it was much safer to clean up their act
and start doctoring coins. The money was just as good, and the chances of
getting caught and led off to the slammer were slim.
IS IT A CRIME TO CLEAN?
I don’t know of anyone who has gone to jail or was put on probation after
having been caught with his or her fingers in the dip. Should the fine for
“cloroxing” a coin be $50 for each offense? There probably is some catchall law
that could be used to punish those who make EF and AU coins appear to be
uncirculated. Based on all that has happened in the past, I don’t think the
coin doctors run much risk of facing a jail term or stiff fines.
I know of one very skilled individual who repairs damaged coins. He fills
holes, removes deep cuts and rim nicks, restores missing letters and fixes
dates. In my opinion, his work benefits the hobby and is no different than
restoring an old car or home. Were he to start adding mintmarks, and he
certainly has the skill required to do it, I would think differently. The coins
he repairs are represented as such. He describes what has been done to the
coin. When he does this type of work for others he carefully selects his
clients. I know that he has refused business from those who seem to have a
memory lapse when it comes to mentioning that what they were selling was
repaired. Will a coin still be recognized as having been restored once it has
changed hands a dozen times?
Another fellow is a master when it comes to artificially toning coins. If
he wanted it to be, his work could be very deceptive. Like the person who does
repairs, it is my understanding that this fellow makes it clear to every
purchaser that the color has been added and he charges nothing extra for his
“Paint Jobs”. His colorful creations are so distinctive and beautiful that it
is difficult to confuse them with the real thing. His work is often better than
nature could do! Will everyone who ever comes in contact with one of these
coins know who toned it?
DO SOME COINS DESERVE TO BE CLEANED?
Is soaking a bit of growing green goop off the surface of a Large cent
any different than wiping the flyspecks from an Old Master painting? Should
coins recovered from the sea be left encrusted with coral or is it okay to
remove this stuff? Many collectors of copper and bronze coins use a
silicone-based oil to coat the surfaces of their coins. This material, as far
as I know, will not harm the surface of the coin. After treatment the pieces
generally have a pleasant, glossy appearance. Once coated, the coins are more
resistant to damage from the environment. Spots should not form because
corrosive matter cannot attack the surface.
Not too many years ago, certain types of plastic coin storage pages oozed
an oily green slime as they aged. This material attached itself to the surface
of the coins and began to lunch on them. Previously lustrous pieces were
forever dulled. Is it right to clean this stuff off the coins or should we just
consider it a natural disaster?
I once purchased a collection of Morgan Dollars that had been taped in an
album. Each coin had been brilliant when stored. Where there was no tape the
coins had toned. After removing the tape and the sticky residue it left behind,
I was the proud owner of a bunch of coins which were covered with a very
unattractive crazy quilt design of brilliant and toned blotches. Should I have
left them that way?
Another collection which I was offered, but did not buy, was a group of
coins which had been mounted on a board with three nails holding each coin in
place at the edges. The nails had rusted and the portion of the coins which
touched them had a black toning while the rest of the coin was more lightly
colored. The reverses of the pieces were nearly brilliant. Should these pieces
have also been left as is?
YOU ALWAYS HURT THE ONE YOU LOVE.
Coin collectors have historically been hard on the objects they cherish.
Some early collectors defaced coins by stamping their initials, seal, or crest,
into the surfaces. Coins were often stored in wooden cabinets that allowed air
and moisture, as well as chemicals from the wood and tray lining to work on the
unprotected surface of the coins. Another popular way to store coins was in
paper envelopes. Some of the less expensive versions were made with traces of
sulphur in the paper and the surfaces of the envelopes were anything but
smooth. Cardboard holders, lined with cellophane or a like material, which
facilitated viewing of the piece, were held together by staples. Many a coin
has been damaged when being removed from this type of holder and the sharp leg
of a staple was accidentally dragged across the surface. I’ve already mentioned
that thousands of coins were eaten alive by PVC laden storage pages. Many best
selling coin storage albums have clear plastic slides which look harmless
enough, but do a dandy job of adding hairline scratches. Even careful
numismatists have accidentally dropped coins or touched them with their oily
fingers. It’s a wonder that there are any coins left that are worth collecting!
TONING TALK.
Most of the tarnished coins I have seen are not beautifully toned. For
every piece that has dazzling rainbow colors there are thousands, which have
acquired toning that ranges from typical golden brown to dirty looking gray and
black. What constitutes beautiful toning seems to vary tremendously from one
collector to the next, but I think most of us would agree that a pleasant,
light colored toning, which hides nothing, can make a coin more desirable and
thus often worth more. Just as each coin is unique because of the arrangement
of marks, degree of strike, and other factors, no two coins ever acquire
exactly the same type of toning. This includes coins of the same type stored
for long periods of time in the same environment. Attractive toning seems to
make a coin that much more special and unique.
WHAT’S REAL TONING?
I once worked in a coin shop where the sun shone into our display area
for the majority of the day. In one display we decided to show off a group of
loose Morgan dollars. These coins were placed on a velvet pad. After several
weeks we noticed that the obverse of each of these coins was beginning to
acquire some light golden color. The coin which was nearest the light fixture
inside the case seemed to be gaining color the fastest. In less than two
months, most of the coins had turned an attractive blue-green and rose-gold
color. We turned the coins over and allowed the reverse to acquire the same
pleasant patina. Could we be accused of artificially toning coins, or had we
just given nature a helping hand? Should beautifully toned coins only be
considered original if it happens entirely by accident?
I would suggest that the majority of beautifully toned modern coins, that
being pieces less than 200 years old, got that way after they were in the
possession of collectors. I have purchased a number of collections which were
stored in brown paper envelopes. Many of the coins had very similar toning.
Careful examination of the coins indicated to me they had been brilliant when
first put in the paper pouches. The laminated paper in another popular type of
coin storage system would often produce halo toning in a rainbow of colors on
coins that were obviously brilliant when first placed in the albums. I have
seldom seen coins that gained beautiful toning when stored for long periods of
time in a leather purse, tobacco tin, or behind a rock in the cellar. Most
beautifully toned Morgan dollars have quite the same type of coloration and
appear to have been stored for long periods of time in original mint bags. I
would bet that more than one collector has placed a few coins on a sunny
windowsill or wrapped pieces in sulphur laden paper hoping that the coins would
take on some attractive toning.
Perhaps deciding if toning is genuine or artificial depends on how long
it took for the coin to acquire the tarnish? Few of us would consider a coin
which has been dipped in or sprayed with chemicals to be naturally toned.
Baking or frying a coin in oil or inside a vegetable for several hours is not
how coins naturally tone. What if a coin “accidentally” got placed on some damp
cardboard and sat next to a radiator or wood stove for three or four months?
Would the coins pleasant steel blue and rose toning be true or false?
Is it possible for an experienced numismatist to be fooled by artificial
toning? The answer is yes. One of the major faults I find with the three
dominant grading services is their occasional inability to detect original
toning. Having submitted coins from old time collections, I know for a fact
that the pieces toned naturally but the grading services called the coloration
artificial. I guess they figure it is better to be conservative in this regard
since they get to keep the grading fee even if they chose not to grade and
encapsulate the coin.
My comments to this point have to do with what might be termed “good
toning” be it original or artificial. Like cleaning, if the toning is
attractive perhaps it really doesn’t matter how it got on the coin? In other
cases, coins have been heavily treated with sulphur, photographic developing
chemicals and the like. Household liquid bleach can turn coins vivid shades of
blue and green but a coin treated in this manner is often blue-black in color.
All three of the methods I have mentioned do permanent damage to the surface of
the coins.
Artificial toning may not be added to the surface of a coin to make it
more attractive and desirable, but rather to hide defects on the surface.
Medium to deep toning can hide hairline scratches or worse. Artificial toning
can also be used to hide the fact that a coin has been cleaned. Adding color
after cleaning is quite a common practice.
The only way I know to learn about artificial toning is to examine lots
of toned coins. Certain types and denominations of coins tend to have typical
type of toning. While I have seen Bust half dollars with light golden or
rainbow coloration, the typical color for these pieces tends to be somewhat
gray. When I see examples, which vary from this color, I spend more time
studying them. Modern Government Issue mint sets from the forties and fifties
were shipped to collectors in cheap cardboard holders with a green paper flap.
Because of the packaging, the coins from these sets often have deep golden and
mottled toning which is generally considered unattractive. Proof Trade dollars
often have deep blue-gray toning, sometimes mixed with iridescent highlights.
Proof Morgan dollars are often deeply toned with a gray to black coloration.
Matte proof Lincoln cents can, many times, be found with vivid violet and
blue-green hues. Buffalo nickels can come in lots of different colors, but
light to medium gold toning seems to be the dominant hue. Because of the way
that they were stored, or shipped to collectors, Silver Commemoratives of each
type tend to have the same sort of toning. I won’t continue with this list
because, as I mentioned, the best way to learn to recognize genuine toning is
to examine many coins first hand. As a general rule, when I see a coin which
has coloration that is unusual for the issue I become suspicious, while keeping
in mind that there can be exceptions to most every rule. When toning appears
too good to be true, chances are good that it is false.
ARE TONED COINS WORTH A PREMIUM?
Since what is beautiful toning and what is not tends to be a highly
subjective matter, I would suggest that deciding if a coin with pretty colors
is worth more is really up to you. Certainly there are magnificently toned
pieces that rival works of art when it comes to coloration and eye appeal. Such
coins are highly desirable and were at one time in greater demand than they are
today. Bright white is currently the most fashionable color among the majority
of collectors.
JUST ASKING FOR TROUBLE!
At the risk of helping to create more coin doctors, I would suggest that
you can learn a great deal about coin cleaning, and toning, if you do some
yourself. If you do any of what I am about to describe please keep in mind that
you are totally on your own. My advice is to stop reading and skip to the next
topic. If you insist on reading this then please check with your spouse and get
permission to continue. We don’t want some innocent bystander taking a bite out
of a baked potato that you were cooking a half-dime in! Seriously, if you are a
young reader, please get your parents permission before fooling around with
this stuff. If you’re not a young reader, and would like to live to be an even
older reader, then please use common sense.
The first things you’re going to need are some guinea pig coins. Sort
through your piggy bank and find a few Lincoln cents minted prior to 1982. If
you’ve stashed away some silver coins, select a few of those. Uncirculated ones
would be best. Please understand that we are going to destroy these coins so
don’t use anything that is more valuable then pocket change or coins whose only
value is based on the silver content. If you experiment with a good coin from
your collection then you are being foolish!
Now that you have some coins to sacrifice, it’s time to gather the
equipment and chemicals. You will need at least two small glass bowls and a
pair of rubber gloves. The gloves that you use when doing dishes or cleaning
the oven will work just fine.
From your local coin shop you may be able to acquire a small jar of
liquid silver coin cleaner. Don’t buy the gallon jug, you won’t be needing it!
Most coin dealers will know what you want if you just ask for a bottle of
“dip”. If the coins shop doesn’t sell this stuff then head to the grocery
store, that’s our next stop anyway. You should find some brand of liquid silver
cleaner on the shelf about five feet from the drain unclogger. Don’t buy paste!
We are not going to be polishing silverware but cleaning coins! Next buy a
small box of baking soda and a like size container of liquid laundry bleach. In
the drug and cosmetic section of a modern grocery store you will find, after
some searching, powered sulphur. You may have to ask for it. Expect to get some
strange looks from the check out person. If they ask if you are making a bomb
tell them the truth, but under no circumstance should you mention my name.
One chemical that I haven’t mentioned, and cannot suggest that you use,
because prolonged exposure may cause your kidneys to stop working, is called
acetone. This highly flammable, and fast evaporating liquid is great for
removing dirt, glue, tape and other residue from coins. With the exception of
some copper and bronze coins, acetone will not change the color of the coin or
remove any toning or patina from the surface. It’s excellent for removing
substances from circulated coins.
Acetone is also readily absorbed by the skin and using it with rubber
gloves doesn’t work because it will melt the fingers off. If I haven’t already
made myself clear, acetone is powerful stuff.
Gather up you “groceries” and your test coins and move to a
well-ventilated room. The second best choice is a bathroom that has a vent fan.
The first choice is a picnic table in the back yard. Remember to hook up a
garden hose and have it close by.
Pour an ounce or so of your dip into a glass bowl. Before you drop it in
the dip, carefully examine the color of one of your Lincoln cents. Give the
coin a bath in the chemical. Notice how the color changes. Most of the time the
surfaces of a copper coin will turn bright, almost orange, in color. You have
destroyed your first coin. Any mint bloom or luster that remained on the coin
is now gone. The surfaces should have a much too uniform color that is not at
all pleasing to the eye. Rinse the coin in water and thoroughly dry it with
some paper towel. Pour the used dip down the drain or on that patch of poison
ivy that you’ve never been able to get rid of.
Copper and bronze coins are seldom improved by any sort of cleaning. I
know of only one person who seems to be able to positively enhance their
surfaces. The problem with his work is that, regardless of what they may be,
the coins turn out very much the same and thus have his “signature”. This seems
to be an inherent problem among the coin doctors. Once they hit on a cleaning
or retoning method the production seldom varies. The result seems to be like a
series of Frankenstein’s that are perfectly normal, save for the fact that they
all have three eyes.
For our next experiment we will need a small amount of motor oil, regular
household oil, like you might use on hinges, or some petroleum jelly. Any of
these will do as all we are looking for is a carrier. Put a small amount of the
oil or other stuff on a piece of paper towel and then add just a dash of the
powered sulphur. Rub this mixture together in order to spread the sulphur over
the oil. Rub this substance over the surfaces of the Lincoln cent that we
cleaned. Really rub the coin, adding more oil and sulphur as necessary. The
oxidation caused by the sulphur is speeded by the heat generated from friction.
Is your copper coin beginning to retone? The more you rub the darker the piece
should become. In time, assuming you have applied enough sulphur, the coin will
turn black and this oxidation can be rubbed off with your fingers. It is this
fact that makes retoning copper and bronze coins with sulphur a crude method.
The professional coin doctors may use a tiny amount of sulphur or used motor
oil which contains some chemicals that will darken copper coins. Placing an
oiled coin directly on or near a 75 watt, or higher, power light bulb is a
somewhat subtler approach.
Coin doctors have been experimenting for years with a variety of
chemicals and substances ranging from common to the bizarre to come up with a
way to restore mint red color to copper and bronze coins. Since the value of
these coins is often based on the amount of mint redness, developing an
undetectable way to tone them would be as good as learning how to make gold out
of granite.
I would suggest that the three major grading services are very skilled at
detecting cleaned or retoned copper and bronze coins. I would advise against
buying mint red, or nearly so, copper or bronze coins unless you are very
experienced with these issues or they are housed in third party grading service
holders. Should you encounter a “raw” coin of this type and are not positive
that the color is original, you may wish to make an arrangement with the seller
to have the piece examined by one of the grading services.
Back to the lab. Hopefully, among your group of test silver coins you
will have an uncirculated example that has at least slight toning. Actually the
more toning the better. We are about to perform the perfect dip. Carefully
examine the surfaces of your toned silver coin with a magnifying glass. Pay
particular attention to the reflective qualities of the luster. Pour a small
amount of dip into a clean glass bowl. Fill another bowl about a third full
with water and add a tablespoon or so of baking soda. The measurement need not
be exact. Drop the tarnished silver coin into the dip. If the toning is slight
this color should instantly disappear. The heavier the toning the longer it
will take for the dip to remove it from the surface. Remove the now bright coin
from the dip and rinse it under a stream of cold water. Rinse the piece until
it would seem impossible that any dip could be left of the surfaces, then rinse
it a while longer. Place the coin in the bowl of baking soda and water. After a
few seconds remove the coin and repeat the rinsing process. Pat the coin dry
with a soft cloth. Don’t rub the surfaces. Examine the coin again. You should
notice that the luster was in no way altered by the dipping. All that is
missing is the tarnish.
Keeping in mind that I am not a chemist, the following explanation may
seem a bit crude. It is my understanding that tarnish or toning is very much
like rust on iron or steel. Some coins seem to acquire a certain amount of
toning and then the process stops. The color may remain the same for many
years. Coins which are very deeply toned may not “come clean” in the dipping
process because the toning has eaten into the surface. This seems to be
especially true with deeply toned proofs. Coming out of the dip these coins
have a dull gray or white granular surface. In my opinion, they are ruined.
While my explanation of how to dip coins may seem very simple I would strongly
suggest that you DON’T DIP ANYTHING! As I have mentioned, certain coins can be
ruined by this process.
I was so anxious to warn you not to dip any coins that I forgot to
mention the purpose of the baking soda and water mixture! Take the dip you used
on the tarnished silver coin and dump it in the baking soda bowl. Is this brew
of chemicals starting to fizz? The baking soda neutralizes the dip and is an
excellent way to make certain no dip residue remains on the coin.
Perform the same dipping experiment with a circulated silver coin. Dip
also will make circulated pieces bright, but is only a tarnish remover, not a
luster restorer. Circulated coins which have been dipped often appear to have
been cleaned. The bright and sterile looking surfaces seem out of place on a
coin that is worn. It is generally not a good idea to dip circulated coins
unless they have unattractive toning spots or otherwise ugly surfaces.
As with trying to restore mint red color to copper and bronze coins,
discovering a way to put mint luster back is a great challenge for the coin
doctors. Imagine that mint luster,
that is the original surface appearance of a freshly minted coin, is like
a very thin and reflective film. Even slight friction wears away a portion of
this film and the coin is left with two different types of surfaces that
reflect light in a different way. The surface of the coin is dull where the
wear has occurred. This difference is often very apparent on fully brilliant
coins. Toning can sometimes obscure the slight wear. Could a substance or a
process, other than artificial toning, be used to restore the thin film of
luster where it has been worn away? Hopefully nobody has figured out a way to
do this? The coin doctor who wants to eliminate the two different appearances
on the surface has but one choice and that is to remove all of the remaining
original lustre. This can be done by buffing or polishing the surfaces to a
uniform sheen. The contrast between the wear points and the rest of the coin’s
surface are gone, and so is much of the value.
Back in the lab, select the uncirculated coin that you have dipped. Mix a
small amount of water with baking soda to form a thin paste. Vigorously rub the
surfaces of the coin with this abrasive material. After a minute or two the
coin will still be bright and shiny, perhaps even brighter looking than before,
but the mint luster will have been ground away.
The coin doctors who want to make circulated coins appear to be new
probably don’t fool around with a common cleanser like baking soda. Some set up
production lines that use buffing wheels with special polishing compounds and
other “magic” substances, including powerful acids, epoxy resins and the like.
Some of the professional coin cleaners will leave their products brilliant and
others will add some artificial toning. Some of this professional work is quite
deceptive and difficult to detect especially when your vision is clouded by the
apparent bargain prices at which these coins are often sold.
Put some of the liquid laundry bleach into one of your glass bowls. Drop
in the formerly uncirculated silver coin as well as the circulated piece. After
a few seconds remove the coins and rub the surfaces with a damp paper towel.
Have the coins taken on a grayish color which might include some vivid blue and
violet tints?
If you happen to have one more uncirculated silver coin that you don’t
mind destroying, put some of the remaining coin dip in a bowl and leave the
coin to soak overnight. When you view the coin the next day it may have
acquired a rough, grainy appearance, as though having been etched by acid. This
is exactly what has happened. The coin dip, like some of the coin doctors, just
doesn’t know when to stop.
REMOVE YOUR RUBBER GLOVES.
Our coin-cleaning lesson, which really wasn’t much of a lesson at all, is
over. I hope it is the last time you will be inclined to play with any of this
stuff. As you have seen, working with even mild chemicals can ruin coins. I
have not mentioned these substances and techniques to encourage you to clean
coins. My purpose is to accomplish just the opposite. Please don’t start
experimenting with any worthwhile coins in your collection. Please don’t write
or email me asking for any tips on how to clean coins!
IT’S UPSETTING.
A woman called and mentioned that she had some coins for sale. From her
description it sounded like a very nice group. I made it very clear that I was
interested in buying these types of pieces. She promised to stop by the office
the next day.
She stood at the counter and slowly removed the coins from her purse one
at a time. Each of the pieces had been heavily polished. The work was quite
fresh as some of the goop that is used to polish silverware was still around
the letters and devices of each coin. If someone had intentionally tried to
ruin the coins they could not have done a better job.
“It took me hours to shine them,” she said. “I didn’t have time to finish
them all.”
The two coins she had failed to clean were Twenty Cent pieces. A nicely
matched pair of the scarce 1876 issues. She accepted my offer of $500 each for
these “dirty” coins but declined my offer for the shiny ones. Her polishing
efforts had easily cost her $3000, maybe more. I felt sorry for the woman; she
looked like someone who could have used the money. I felt sorrier for the
coins. Beautiful pieces that could have been the highlight of someone’s
collection were badly damaged--forever. The woman had lost some money but the
hobby had lost far more.
One can, and certainly should, excuse the actions of a person who simply
didn’t know any better, but do you have any idea how many nice EF and AU coins
have been destroyed by coin doctors who have whizzed, buffed, and polished them
so that they would look like new and then could be sold for undeserved and
often huge profits?
When an experienced numismatist examines coins which have been cleaned or
otherwise tampered with there is no mistaking the work of the professional coin
doctor with the blunders of the amateur. I once viewed a 20th century type set
in which every coin had been mechanically polished. The coins were perfectly
matched and hideous looking. The person who sold these coins might just as well
have robbed the customer at gunpoint. The thievery would have been no less
overt and some nice coins would have been saved from the ravages of the buffing
wheel. I have seen coins that in their untampered state would have easily been
worth $500, but they were worked over so they could be sold for $2500!
Truthfully, I think it takes an extremely greedy person to intentionally ruin
an already valuable coin. I can perhaps understand the motivation behind
whizzing common date Indian cents and treating them with lemon juice so they
become coins which might be sold, to unsuspecting buyers, for $50 or so, but
I’m disgusted that someone would see fit to destroy an already valuable and
prized piece.
THE IVORY SYNDROME.
Maybe I like coins too much? Maybe, as unlikely as it may seem, I know
too much? Are coins which have been harshly cleaned or chemically treated
really worthless? Am I such a purist that I can’t see some value in every coin
as a collector’s item? If I wouldn’t turn up my nose at a New England Shilling
that was worn thin and blackened by years of burial in salt laden muck, why
should I be so concerned about someone sticking a Saint Gaudens double eagle in
a belt buckle?
It seems that the participants in many hobbies have a passion for
originality. In the case of classic cars it is always better to leave a rusted
or dented part on the car than to replace it with a fixture that didn’t
originally come on the unit. Coin collectors are not the only nitpickers.
Please leave your coins alone! Accept them as they are. Enough accidents have
ruined coins, please don’t damage them intentionally.
DEALING WITH CLEANING IN THE MARKETPLACE.
The third party grading services offer quite reasonable protection
against buying cleaned and retoned coins in their holders. I’m quite sure they
wouldn’t suggest they have done a perfect job, but as with coin grading, they
seem to be the closest thing to perfection that is currently available. I know
of at least two instances where it was found that a grading service did
encapsulate a cleaned coin. Both times the service purchased their mistake.
Since the difference in value between AU grade coins and uncirculated
examples is often great, the coin doctors can profit the most by making used
look like new. Many AU-58 grade coins exhibit just a slight amount of friction
that may only be detectable to most collectors under magnification. These coins
may also have remarkably clean surfaces, that is, the look of a MS-63 grade
coin with a slight rub. By adding camouflage, in the form of light or medium
deep toning, the coin doctor can convert a Barber half dollar, which might sell
for $300, into a coin that could be sold for at least twice as much.
Many coins which are really “sliders”, that is, lightly circulated AU
coins are made fully brilliant and then sold as BU. The wear on these pieces,
at least to the inexperienced eye, is hard to detect because the surfaces are
so bright and reflective, perhaps due to light buffing.
Certain series of coins and certain issues within a series seem to be the
favorites among the coin doctors. Whenever you encounter a big difference in
value from one grade to the next or from circulated to uncirculated grades then
you may have walked into the doctor’s office. Why bother working over a
circulated example of an Arkansas commemorative when the difference in price
between a new or used version is so small? It would be much more productive for
the coin doctor to use their talent making a circulated Hawaiian issue look as
good a new and thus easily worth twice what they had paid for it. Most gold
type coins are likely patients for the coin doctor’s operating table. A lightly
circulated Three-dollar gold piece might be worth $800. If this coin could be
passed off as uncirculated then the doctor would be very well compensated for
making the transformation.
One of the more notorious of the coin cleaners and retoners processed
virtually every coin he handled. A regular customer, who had bought many of
these scrubbed and buffed coins, called and placed an order. The dealer, who
was just about to leave on vacation, decided to fill the order by sending this
good customer a really uncirculated coin. After all, it doesn’t hurt to give
your good customers a bonus now and then. When the dealer returned from his
trip he found that the customer had returned the coin and sent a nasty letter
as well. What was the dealer trying to pull? This coin didn’t look at all like
the rest of the coins in the man’s collection. He demanded a refund and asked
that his name be removed from the mailing list!
As I have mentioned before, cleaning and retoning a coin may not always
be done with the intention of representing it to be of a higher grade, but
simply to make it more saleable. I would suggest this is the reason for
cleaning many coins. Which would you rather have, a coin with mottled
gold-brown toning or a frosty bright white piece with nice luster? Thanks to
chemistry, these two very different looking coins can be one in the same.
I would suggest that when it comes to well circulated or older coins the
grading services tend to be a bit more liberal in regard to cleaning. A coin
that has been heavily circulated can acquire a cleaned look only because it has
passed through many different hands. Friction is what wore away some of the
detail. This same friction may have shined the surfaces. A coin showing
evidence of having been cleaned long ago has had many years to acquire some
patina and the piece might be quite attractive. Which would your rather have, a
nice medium brown colored Large Cent with less than a totally original look, or
a dark brown and porous example?
I once purchased a 1799 Bust dollar which was absolutely brilliant. The
coin was well struck and fully lustrous. It was easily the nicest example of a
Bust dollar I had seen, but simply could not be considered original, at least
in the strict meaning of the word. How could a coin possibly stay as bright and
new looking as the day it was minted yet be nearly two hundred years old? It
took me quite some time and considerable soul searching to decide to buy the
coin. Spending more than $10,000 for a coin that had been “cleaned” was not an
easy thing to do. After I owned the coin the first person I showed it to said,
“It’s a beauty but it’s been cleaned.”
Later that same day the person who had sold me the coin visited my table
again. He asked if I might know of anyone who was interested in British coins?
Since he had seen no world coins in my display, he wrongly assumed that I
didn’t have an interest in these pieces. When I asked to see what he had for
sale he pulled a group of five superb English crown size coins from his brief
case. Each of the coins was just as bright, but somewhat shinier, than the 1799
dollar I had purchased! I examined the coins carefully and found that each of
the pieces had been expertly given a microscopic coat of lacquer. At one time
this was quite a common practice. The lacquer acted like an airtight coin
holder which prevented moisture and other substances, such as air, from
reaching the surface of the coin and toning it. The customer explained that he
had used paint thinner to remove the covering from the Bust dollar, because it
was the most valuable, but decided against touching the other coins. I examined
my coin with a magnifying glass and found traces of lacquer residue in some of
the lettering on the reverse. So perhaps my Bust dollar was in fact original?
Maybe the first owner had applied the protective coating to the coin upon
returning, with this souvenir, from a visit to the former colonies? I bought
the fellow’s British coins and was delighted to get them. It was not long
afterward that I sold the beautiful Bust dollar to another dealer. I’m not
certain he really bought my story about the coin having been coated with
lacquer when it was young to preserve the surfaces, but like me, he couldn’t
resist owning such a spectacular piece.
VALUES FOR CLEANED OR DAMAGED COINS.
Over the years I have encountered several collectors who have decided
they would rather own a defective example of certain coins than go without. If
you are more of an investor than a collector I would suggest that you not
follow this path. The market for defective or damaged coins is a small one and
opinions as to a coin’s value can be very different. As a young collector I
bought damaged or cleaned coins because I thought I could never afford better.
Looking back, I should have followed the advice that many people gave me. Be
patient. Buy the best you can afford. It is better to have fewer coins that are
of higher quality.
When I was in my early twenties I encountered a well-struck and
beautiful, glossy brown, 1794 cent. To this day, I have seen few examples of
this date which would meet or exceed the quality of this piece, except for the
fact that it had a hole at 12 o’clock that looked like it had been made using a
square nail. I paid $100 for the coin. I can’t really say if I had gotten a
good deal, but I did know that I could never afford to keep a piece of such
quality in my collection, unless it had the hole.
I would suggest that you not buy damaged or cleaned examples of coins
which you could afford to own in untampered with condition. Unless you have set
an extremely modest coin-buying budget, it makes little sense to buy a corroded
or cleaned late date Large cent or a common to semi-common Morgan dollar that
has been polished. In relation to the value of undamaged pieces, common coins
which have been damaged are seldom a good deal. An area that a true collector
might investigate are those coins which in untampered with or undamaged
condition are scarce to rare.
During my many years in the coin business I have bought and sold very few
of the Pan-Pacific $50 gold pieces. One that I did own, for a short while, had
been carried as a pocket piece. The coin was polished from handling, had
several huge rim nicks and a myriad of smaller gouges where it had come in
contact with other coins. At the time, a nice uncleaned example was worth about
$5000. I bought this hideous looking coin for $800. Did I make a good buy?
Well, the next owner sold it for $1500, ten minutes after he bought it! I have
to admit that just because a coin has been damaged or cleaned does not mean it
is something that a collector should totally ignore.
PUTTING THE LID ON THE DIP JAR.
Lots of coins have been damaged due to ignorance on the part of the
owners. Dealers and collectors who were more than willing to sacrifice a nice
coin to put more money in their bank account have intentionally ruined lots of
coins. If you decide that a coin you own could use a little help please think
twice. If you and I don’t leave something nice for the next generation of
collectors, who will?
This article used by permission.
© 2001 Tom Becker Online
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