QUOTE(GDJMSP @ Nov 19 2006, 07:10 PM) [snapback]275131[/snapback]
Well Ian, the vast majority of the time you and I see eye to eye on most things, on this one we don't. I guess it's because I have just seen too many examples of coins purchased in Europe by collectors here in the US from a dealer who most believe to be highly reputable, and nowhere in the description was there anything about the coin being cleaned. But when the coin arived, it was a cleaned coin. I am not saying this is always the case, but it happens often enough.
Different point entirely. A question. Irrespective of where you live in the world, if you find a long established experienced and `reputable' dealer selling you a cleaned coin without referencing it as having been cleaned, why would you assume that they `didn't know'? You would know. I would know. Many others would readily `know'. So why give the long established `reputable' dealer involved any leeway on the issue?
I'm pretty sure that I wouldn't. I'm also pretty sure that i'd be rather upset (read: `totally furious') if i'd paid good money for a coin that hadn't been tampered with and received a cleaned one. I speak from experiencing just that.

About ten years ago I bought a Queen Anne crown from a well known `reputable' UK dealer. the coin was described as `problem free good Fine'. When it arrived it was white and shiny..... Now for a coin that was near to 300 years old and had not one iota of patina on it....well I ask, is this a `problem' or is it `problem free'? I contacted the dealer involved and got a pretty poor explanation for the `error' they had made. He did however quickly offer a reduction in the price (which I did not take). I since learned that this was the standard operating procedure for this `reputable' dealer. He regularly sold coins through his `list' in the full knowledge that most buyers would not bother to argue the toss...or would accept a discounted price if they did. His reasoning was even if 10% of his customers sent the itmems back he was still well up on his dealings. Of course nowadays even rookie collectors are more `connected' and increasingly have access to a wide array of advice / forums and images via the internet that until recently could only be found in expensive and sometimes vague catalogues. They are no longer quite so reliant on dealers `dictat' as to grade or condition.
I would assert that the difference between a rookie failing to mention that they are selling cleaned coins and an experienced dealer failing to do the same is:- the former does so through ignorance, the latter does so with due deliberation and intent.
If we are in disagreement it is with the assertion that a) there is an increased acceptance of slabbed coins over here and

that any such increased acceptance (real or assumed) is due in the main to peoples ignorance as to whether coins are cleaned or not.
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I will agree with you that the vast majority of collectors in Britain are not in favor of slabbing coins. But slabbed coins are turning up more and more in other countries and the auctions held there - and they are being purchased. I am not trying in any way to say that this is pervasive, but it is happening more frequently.
Sure. I have a few myself. I buy the coin, not the holder it comes in, and if you were to check UK auctions you will find that slabbed coins generally under perform in terms of realized prices. This might come as a shock but you can usually buy them cheaper than a `raw' equivalent. So if anyone wants to put a bargain coin my way i'll buy it irrespective of slabbing / slabbing company. That does not mean that I would submit any of my coins to slabbing...and THERE is the knub of the matter. There have been a number of attempts to get collectors here to SLAB their coins. All have failed miserably. Maybe times will indeed change but until UK collectors actually start to get their own coins slabbed (as opposed to buying up coins that have already been slabbed by US collectors and dumped on the market at bargain prices) I really can't see any evidence of increased acceptance of `slabbing' as a concept or practice in these parts.
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No, my tongue was not in cheek. You see, I don't think that Europe is any different in that way than the US. And it is quite obvious that all too many collectors cannot recognize a cleaned coin. For that matter, many dealers can't either. Or at least they pretend they can't for they sure sell a great many cleaned coins without telling the buyer it is cleaned.
This is again at the core of the debate. from my observations it is more a matter of ethics than it is of `ignorance'. A seasoned dealer who doesn't know whether a coin is cleaned or not?.... I would suggest whether they are US or European that they know all right.
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Now, I am not saying that this applies to all collectors either in Europe or the US. Certainly there are plenty of them who are quite knowledgeable and can recognize a cleaned coin with ease. But I believe there are more of them who can't. All you have to do is look at their collections, mention that this coin or that coin has been cleaned and watch their reactions.
This brings me back to what I was saying about `reliance'. I know one hobbyist (I hesitate to say `collector' because he was more of an `accumulator' than a deliberate `collector') who was seriously duped by a `reputable' dealer over a period in excess of 20 years! He asked me over one day to see his (large) collection of Brit crowns. He had bought them from the same dealer and had relied totally upon his judgement. Every single coin without exception had been polished. Not merely `lightly cleaned' or what i've seen some dealers fraudulently refer to as `cabinet friction with a few hair lines'. I'm talking about out and out shiny bright silver polishing. Ah well, at least HE liked them, but the dealer involved had commanded hundreds of pounds from this poor chap on each occasion of purchase. That to my mind is more criminal than the person who had cleaned the coin in the first place. Thankfully, not all dealers fall into the same category.
The internet has helped lessen the opportunity for such brazen betrayals of trust, but of course the practice continues to this day. As you rightly point out, many collectors have yet to discover the extent of their misplaced trust.
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I do of course agree that for the most part the TPGs do a lousy job when to comes to grading world coinage.
On this we are in agreement. But then that was not the question.
I didn't think that we would disagree on that score, but what I said also related to the subject of cleaning.
For example, what is the difference between a coin that has been cleaned and a coin that has been `conserved'? I believe that NGC has a sister company which `conserves' coins and then passes them over to NGC for grading and slabbing (?). Basically, you can have your coin cleaned and slabbed by the same people so I guess because it is being done by the same totally objective experts who have no commercial interests involved (tongue in cheek) that it's alright.

Ian