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Coin descriptions

eBay constantly suggests that I include a "Fineness" rating for the coins I have listed. Can someone describe for me exactly what this is....in my 60 years of collecting, buying, trading and selling coins I have never used it except perhaps for silver coins...I deal in US vintage over 100 yrs old coinage...1c, 5c, 10c

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Re: Coin descriptions

Fineness expresses the purity of gold in parts per 1000. In other words, if an alloy was divided into 1000 parts, how many of them would be pure gold. For example, common gold fineness numbers 375, 585, and 750 indicate that in 1000 parts of that golden object there are 375, 585, or 750 parts of pure gold accordingly.

 

Same applies to silver, ie, .9999 fine silver. etc

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Re: Coin descriptions

Unless it is a mandatory category, you can ignore eBay's "suggestions" if you like. Whoever creates these additional suggested categories usually has no clue about the items in the category in question. If it is a silver or gold coin and you want to include the fineness, go ahead. If it is some other alloy you don't have to bother. Not sure it makes any difference. Most people shopping for or buying a specific older coin usually know what it is made of. A draw back to including lots of specifics is if you dare make a mistake, it opens up a Not As Described return excuse, not that buyers can't just make stuff up anyway. Good Luck!

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Re: Coin descriptions

When I did a google search on "fineness" I found a definition in BRITISH English.

"a measurement of the purity of precious metal, expressed as the number of parts per thousand that is precious metal"

 

American English:

"the proportion of pure gold or silver in an alloy"

 

I found last spring that eBay has a preference in some categories for the "British" definitions even though this is the US eBay.  When they redid the Postcard categories and the item specifics - the split was very British and the definitions of cards was very British (as were the manufacturers).  So I went to see if this item specific fits into the "English" sort rather than the US.

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Re: Coin descriptions


@donchi519 wrote:

eBay constantly suggests that I include a "Fineness" rating for the coins I have listed. Can someone describe for me exactly what this is....in my 60 years of collecting, buying, trading and selling coins I have never used it except perhaps for silver coins...I deal in US vintage over 100 yrs old coinage...1c, 5c, 10c


I simply googled "fineness coin collecting" and I found DOZENS of pages that explain what it means.

 

Basic research can be your friend!

 

 

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Re: Coin descriptions

In our 50 plus years of investing in coins and currency it is commonly known that 10C to $1 coins made 1964 and prior are 90% silver. Wartime nickels are 40% silver. Certainly, you would know this after 60 years. The term finesse is really not used amongst collectors because they already know the above. It has become more commonly used now with bullion coins that are .999% or .9999% pure silver or gold. Bullion coins are just that bullion. It helps educate those new to collecting and for those who are just looking for a unique gift. It is not a required field.

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Re: Coin descriptions

I will just put in what ever is the easiest. Just like the color on pennies. These specs dont mean anything. Just an irritant is all.

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Re: Coin descriptions

Fineness is the purity of the metal.

 

.999 fine  silver rounds

 

90%  fine silver Morgan or Peace dollars

 

 

Usually applies to precious metal objects.    Sterling silver .925 fine    Canadian silver coins up to 

around 1967  are 80%  fine

 

These are just a few examples.

 

I would type in "Does not apply"  when I didn't want to be bothered.  

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Re: Coin descriptions


@dirk12955 wrote:

 

 

I would type in "Does not apply"  when I didn't want to be bothered.  


Item Specifics which are NOT mandatory should be left blank, using Does Not Apply can only hurt you when buyers refine their search using Item Specifics.

 

 

Paranoia strikes deep
Into your life it will creep
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Re: Coin descriptions


@donchi519 wrote:

eBay constantly suggests that I include a "Fineness" rating for the coins I have listed. in my 60 years of collecting, buying, trading and selling coins I have never used it 


Does MS60 MS70 etc. ring a bell?  Does 0.95 ring a bell? I am not a collector of coins but it seems all those years of collecting you could find out exactly what is meant by fineness. Try google.

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Re: Coin descriptions

Fineness expresses the purity of gold in parts per 1000. In other words, if an alloy was divided into 1000 parts, how many of them would be pure gold. For example, common gold fineness numbers 375, 585, and 750 indicate that in 1000 parts of that golden object there are 375, 585, or 750 parts of pure gold accordingly.

 

Same applies to silver, ie, .9999 fine silver. etc

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Re: Coin descriptions

so can you possibly give me some help, I'm new to online anything. I have a penny 1968 S mint and no mint c a touching on the back

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Re: Coin descriptions

donchi519, If you are Listing 1964-before US silver coins, these would all be “.900 fineness.”  Because they are 90% silver.  The Kennedy Halves from the late 60’s that are 40% silver, these would be “.400 fine.”  And Jefferson wartime part-silver nickels, having 35% silver, would be .350 fine.  But as the others said, I wouldn’t worry about including fineness because apparently this is only (of limited) importance with Bullion Coins.  With those, people don’t always realize that one ounce of gold or silver is one ounce of gold or silver, regardless of the fineness.  If a bullion ONE OUNCE gold coin is .999 fine or .950 or .500 fine, there is always one ounce of gold—the rest of the coin is made-up of copper, nickel or whatever.  Gold bullion usually has some silver in it as one of these “other metals.”The coin would need to be physically larger / thicker for .950 gold one ounce, vs. .999 gold one ounce.  But still the bullion coin contains ONE OUNCE of gold.  This is how all “historic gold or silver coins—not “Rare” but bought and sold to hold a “position” in gold or silver-are priced by dealers (and purchased by “investors.”  You “do the math” and then you can figure out if a coin is priced reasonably (by using the percentage of gold in the coin and the current “spot price” of gold in the market.)  The actual amount of the gold is computed and a few to several percentage points are then added as a fee / profit.  Fineness = purity of the metal / the piece / coin.  An easy way to figure fineness is if you know the percentage of say, silver in a particular coin, like a 1946 Roosevelt dime —90% silver—then just change this percentage to a decimal = .90.  You then can add another “0” and it would be .900 fine.  Usually fineness is given as three numbers to the right of the decimal point.  Sometimes four numbers; .900 is the same as .9000.  Any time you want to convert a percentage to a decimal, just “move the decimal point”2 places to the LEFT (90% — the decimal is considered to be where the % sign is, so “move the decimal point” 2 places to the LEFT and you have .90  (then add another 0 and you have .900).  If you want to change a decimal number to a percentage, then move the decimal point 2 places to the RIGHT ( .90 or .900 would be 90%).  If you really want to have fun LOL (I love Math and Numbers!! Haha) then convert a percentage number or a decimal number (90% or .90 for example) to a FRACTION.  90% would be 90/100, “reduced” it is 9/10.  This just gives you a good idea of how much silver or whatever makes-up the coin.  In this example, 90 out of 100 parts, or 9 out of 10 parts of the coin is silver.  Sorry for the long answer, but after reading some of the comments I felt that I had to state some facts and explain a little.  Bottom Line—you sound like you deal in rare and / or collectible coins.  So fineness doesn’t apply to your coins.  If you are Listing coins with silver content (or even gold) then giving the PERCENTAGE sounds appropriate to me.  Like a 1950 Washington quarter you’d say is 90% silver.  But other details are more important —as you know.  Namely grade / condition, rarity, etc.  So I think you’ll be “FINE” (haha) by NOT indicating Fineness in your Coin Listings!  👍

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