With Five Days to go, this Morgan in PO1 is selling for double MS66 money!

braddickbraddick Posts: 17,674 ✭✭✭✭

Almost twice 66 money for a PO1 Morgan? Five days to go?

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Comments

  • ifthevamzarockinifthevamzarockin Posts: 823 ✭✭✭✭✭
    edited April 16, 2019 1:47PM
  • Insider2Insider2 Posts: 10,254 ✭✭✭✭✭
    edited April 16, 2019 1:48PM

    I've got over a dozen of these and worse. What do they go for raw? This is probably due to the Registry Sets, right? They must be slabbed by PCGS.

  • KollectorKingKollectorKing Posts: 4,476 ✭✭✭✭✭

    :)


  • KollectorKingKollectorKing Posts: 4,476 ✭✭✭✭✭

    :)

  • Waarom is deze tulp dan zoveel geld waard?

  • HemisphericalHemispherical Posts: 4,425 ✭✭✭✭✭

    @Moxie15 said:

    Waarom is deze tulp dan zoveel geld waard?

    “Then why is this tulip worth so much money?”

    @Insider2 said:
    I've got over a dozen of these and worse. What do they go for raw? This is probably due to the Registry Sets, right? They must be slabbed by PCGS.

    This! Agree!

  • CoinstartledCoinstartled Posts: 7,418 ✭✭✭✭✭

    @Insider2 said:
    I've got over a dozen of these and worse. What do they go for raw? This is probably due to the Registry Sets, right? They must be slabbed by PCGS.

    Not as valuable in NGC plastic.

  • CoinstartledCoinstartled Posts: 7,418 ✭✭✭✭✭

    @Insider2 said:
    So the reason it is so expensive is because it is graded as PO-1 by PCGS - correct? If it were raw, you could buy it for under $30 right?

    Yes. MadMarty i believe launched the Lowball Morgan craze. Getting a "1" as I reacll was not very easy.

  • AotearoaAotearoa Posts: 402 ✭✭✭✭

    My pockets are now full of cull Morgans...

    Smitten with DBLCs.

  • Timbuk3Timbuk3 Posts: 10,049 ✭✭✭✭✭

    OMG, are you serious ?
    That's absolutely "crazy" !!! :s

    Timbuk3
  • TradesWithChopsTradesWithChops Posts: 147 ✭✭✭

    definitely a CAC. watch out !!!

  • WalkerfanWalkerfan Posts: 4,946 ✭✭✭✭✭

    Certainly not my cup of tea. Wow!

    Walking Liberty Sets

    "Looking back, of course, it was irresponsible, mad, forlorn and idiotic but, if you don't take chances, then you'll never have a winning hand and I have no regrets."--Bernard Cornwell.
  • Namvet69Namvet69 Posts: 2,270 ✭✭✭✭✭

    Me thinks this is crazy stupid money. Peace Roy

  • SoldiSoldi Posts: 755 ✭✭✭✭

  • SoldiSoldi Posts: 755 ✭✭✭✭

    Choice for the grade displaying original mint lustre in protected areas. Just honest wear defines this piece for the specialist advanced cabinet. Sure to attract spirited bidding

  • jabbajabba Posts: 2,004 ✭✭✭✭

    I like low ball coins but that’s stupid money there

  • privatecoinprivatecoin Posts: 510 ✭✭✭✭

    Watch it get a gold bean.... 😆

    Paper money eventually returns to its intrinsic value. Zero. Voltaire

  • ilmcoinsilmcoins Posts: 39 ✭✭

    Wow! Almost the same price a decent double eagle!

  • oldabeintxoldabeintx Posts: 402 ✭✭✭

    I'll bite my tongue and say "to each his own".

  • SkyManSkyMan Posts: 8,196 ✭✭✭✭✭
    edited April 16, 2019 5:58PM

    Is this more crazy than spending a lot more money for a given variety of a coin, let's say one that has a mintmark that is, in the grand scheme of things, only of slightly different size?

  • SmudgeSmudge Posts: 3,501 ✭✭✭✭✭

    Underweight bullion. Collect what you like, but I see nothing to like about that one. At least 2 bidders do though.

  • TiborTibor Posts: 1,331 ✭✭✭✭

    There is one seller thanking the Registry craze and the bidders
    who are OCD.

  • savitalesavitale Posts: 458 ✭✭✭✭

    So if this coin gets a CAC sticker, does the value decrease?

  • AUandAGAUandAG Posts: 20,843 ✭✭✭✭✭

    I sold one of my 92cc dollars in PO 01 for more than twice what this is going for. They are not just laying around for the most part and are extremely hard to find without issues (rim dings, scratches, etc). Yes, get them in PCGS holders and you will be pleased with the values.
    This example would be a FA2 in my books but someone got lucky on their submission.

    bob :)

    BST deals: Dozens of buys/sells. Will provide a list upon request.
    Registry: CC lowballs (boblindstrom), [email protected]
  • Well, there are just SO many ways to approach collecting! This is a new one that I had just never thought of. I hope it makes somebody very happy! Just not me. <3

  • MilesWaitsMilesWaits Posts: 3,151 ✭✭✭✭

    Bravo for the seller. I prefer the appearance in this grade.

    Waiting for the swell in PM's and surf.
  • TiborTibor Posts: 1,331 ✭✭✭✭

    Why would you CAC a low ball coin? A Green Bean usually means right
    for the grade and a possible upgrade. Do you really want to upgrade
    a low ball coin? If you just need grade verification, how hard could that
    be on a low ball?

  • koynekwestkoynekwest Posts: 4,980 ✭✭✭✭✭

    Time to get my rock tumbler fired up.

  • mannie graymannie gray Posts: 4,536 ✭✭✭✭✭

    Well, an 1897 in that grade is "scarcer" than a 66 and much tougher to achieve.

  • thefinnthefinn Posts: 1,103 ✭✭✭✭✭

    A fool and his money...

    thefinn
  • YQQYQQ Posts: 2,091 ✭✭✭✭

    guys (and girls)
    some like it blond, others like it grey.. :)
    Mannie, you hit it on the button!!!

    Today is the first day of the rest of my life
  • 1Mike11Mike1 Posts: 3,410 ✭✭✭✭✭
    edited April 17, 2019 8:45PM

    Now those bargain baskets full of worn out coins at the shows will make you put the brakes on. :o

    "If you truly love rare coins then you might feel like I do...which is...F the doctors!" homerunhall

    "A dog breaks your heart only one time and that is when they pass on". Unknown
  • U1chicagoU1chicago Posts: 1,464 ✭✭✭✭✭

    @savitale said:
    So if this coin gets a CAC sticker, does the value decrease?

    Probably not...the real question is what happens if it gets a Gold CAC?

  • santinidollarsantinidollar Posts: 320 ✭✭✭✭

    Uhhhhh-mazing

  • HoledandCreativeHoledandCreative Posts: 2,097 ✭✭✭

    Picture looks like an O or S mintmark to my old eyes.

  • ZoinsZoins Posts: 18,069 ✭✭✭✭✭

    @Coinstartled said:

    @Insider2 said:
    So the reason it is so expensive is because it is graded as PO-1 by PCGS - correct? If it were raw, you could buy it for under $30 right?

    Yes. MadMarty i believe launched the Lowball Morgan craze. Getting a "1" as I reacll was not very easy.

    @braddick was also pretty early on lowballs. Not sure who was first.

  • @Insider2 said:
    I've got over a dozen of these and worse. What do they go for raw? This is probably due to the Registry Sets, right? They must be slabbed by PCGS.

    These probably are worthless raw. Someone currently has a raw 1853 Arrows and Rays Seated Quarter that is sitting unsold at $16.90.

    Another seller has TWO of these available, PCGS and CAC certified, one offered at $799 and one at $699.

  • BackroadJunkieBackroadJunkie Posts: 3,180 ✭✭✭✭✭

    Hey! Our hosts are proud of terrible Morgans....

    PCGS Worst of the Worst at ANA...

    (I think this was my first post here. Sorta fitting...)

  • MrEurekaMrEureka Posts: 21,388 ✭✭✭✭✭

    How did PCGS determine that the coin was struck in Philly?

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.

    image
  • brianc1959brianc1959 Posts: 105 ✭✭✭

    Why not have sub-01 grades?:

    Poor-0.5 : date/mintmark can be inferred but not directly read (many chain cents would fall in this category
    Poor-0.1: design type clear, but no date (e.g., its a Morgan dollar, not a Peace dollar etc..)
    Poor-0.0: only the denomination can be determined - basically the coin is now an underweight planchet

  • HemisphericalHemispherical Posts: 4,425 ✭✭✭✭✭

    Oh no, not a 200 point grading scale. -100 to 0 to 100. Hmm make that 201 points.

    Where is that thread on the 100 point scale?

  • batumibatumi Posts: 446 ✭✭✭

    @kbbpll said:
    Honestly, I think it's undergraded. There's a lot of ear left. P01+?

    Kinda like 'What rub!'

  • batumibatumi Posts: 446 ✭✭✭

    @koynekwest said:
    Time to get my rock tumbler fired up.

    At this price, it is worth rolling a newly certified F-2 in the rock tumbler for a couple more days and resubmit for the coveted P-1 grade! To each their own, however the lowball game is one I won't be participating in-at least in certified coins.

  • DCWDCW Posts: 3,578 ✭✭✭✭✭

    I think a lot of collectors swimming at this end of the pool will drown in the end. What are the bragging rights afforded to those who have the worst examples of a given coin? I mean... really.
    The only possible reason I could see for paying a premium on this coin would be to put together a grading set

  • TreashuntTreashunt Posts: 4,365 ✭✭✭✭✭

    $990 so far!
    Crazy money

    Frank

    BHNC #203

  • HemisphericalHemispherical Posts: 4,425 ✭✭✭✭✭

    @BackroadJunkie said:
    Hey! Our hosts are proud of terrible Morgans....

    PCGS Worst of the Worst at ANA...

    (I think this was my first post here. Sorta fitting...)

    That is/was one heck of a coin/piece of metal @BackroadJunkie.

    “This 1878 eight tail feathers Morgan dollar, graded PCGS PO-1 (none worse!), is from the End of the Trail VIII Collection of Low Ball Morgan dollars that will be exhibited for the first time during the 2014 ANA World’s Fair of Money. Photo credit: PCGS.”

    "PCGS launched the Low Ball registry category in 2007 as a fun and challenging way for collectors to compete to see who has the lowest graded coins," said BJ Searls, Collectors Universe Set Registry & Special Projects Director. "It’s much harder than you would think, but there are now 825 registered Low Ball sets of U.S. coins."

    http://www.coinnews.net/2014/07/10/worst-of-the-worst-morgan-dollars-in-pcgs-exhibit-at-ana-convention/

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