I was able to put together a set of FA2 P01CC Morgan’s before the low ball craze you should have seen the dealers looks I got it was funny Northern Navada coins was my main source for many of them they had a wonderful selection of well worn coins now they are super hard to find Undamaged.
@DCW said:
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
Collectors seek out low grade coins because they are actually very difficult to find. Then again, so is someone with leprosy.
@DCW said:
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
Collectors seek out low grade coins because they are actually very difficult to find. Then again, so is someone with leprosy.
It's a lot easier to find a 90% silver lowball than a clad lowball. I've looked for some of these and 90% silver doesn't seem overly difficult but perhaps I'm missing something here.
I just had an idea! One of my many either incredibly brilliant or utterly stupid ideas!
A "first grade" registry set. PCGS issues "First Grade" slabs to the first coin submitted that gets a specific grade. Collectors chase the empty slots in the pop report. 1880/79 $1 Rev of 78 in AU53 for example - pop 0. Be the first! 1890-S $1 in VF25 - crack out that EF40 and stick it in your pocket! Resubmit, repeat until you win. If you overdo it, VF20 is also open. There must be hundreds of pop 0 slots to go for.
OK, maybe I need to keep my beer ideas to myself. It just seems like if people are chasing the top slots and the bottom slots, why not chase the middle slots?
This makes no sense at all to me. While I can certainly see collecting coins in this grade, but at correct prices. In other words id a coin is worth 200 in Fine it should be 100 in VG and 50 in good and 25 in AG and 10 in FA and 5 in P01...not twice the price of a 66. Or in this case silver value.
Suppose I sent my Barber quarter To be graded at PCGS and there was a 'new' 'scratch' on the "poor" coin, would it come back as ..................POOR DETAILS, Damaged ????
Funny how "collect what you like and makes you happy" becomes "What idiot pays that?" when it comes to lowball coins. There is competition in all aspects of collecting.
@ChrisH821 said:
Funny how "collect what you like and makes you happy" becomes "What idiot pays that?" when it comes to lowball coins. There is competition in all aspects of collecting.
I agree with what you are saying Chris, but this is on the far side of reality .
@ChrisH821 said:
Funny how "collect what you like and makes you happy" becomes "What idiot pays that?" when it comes to lowball coins. There is competition in all aspects of collecting.
Enough of this and the bad guys will begin to make these. I expect it's a bit easier to turn a 10 into a 1 than it is to turn a 63 into a 66. It would be fun to put a type set of these together, but at prices commensurate with the beauty of the coin and completeness of the design. "To each his own". "Live and let live". "He's entitled to his opinion". Nice sentiments but nuts is nuts. In my opinion.
Kind of reminds me of a ultramodern in a 70 grade that you just waiting for someone else to dig out of their mint sealed box, send it in and get the same “magic” low pop grade.
I can tell you with great certainty that it is much more difficult to find Poor CC dollars than MS CC dollars. It's not always the money as MS would blow my pocketbook but the challenge is the big part of the fun. I know that most think of them as slugs or dreck or whatever but when you sell a Poor for almost two grand you feel real good about spending the grading fees. My lowball CC collection is almost 100% made by me and it was not easy or quick to get where I am....but sure is fun!!
bob
PS: just sold a 1876cc Half dollar, PO01, for $150 and it was just in my junk pile before sending to PCGS.....that felt good, cherrying myself!
Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
Comments
People!
Its a new trend:
Buy the slab, not the coin.
I was able to put together a set of FA2 P01CC Morgan’s before the low ball craze you should have seen the dealers looks I got it was funny Northern Navada coins was my main source for many of them they had a wonderful selection of well worn coins now they are super hard to find Undamaged.
https://www.pcgs.com/setregistry/quarters/washington-quarters-major-sets/washington-quarters-date-set-circulation-strikes-1932-present/publishedset/209923
https://www.pcgs.com/setregistry/quarters/washington-quarters-major-sets/washington-quarters-date-set-circulation-strikes-1932-present/album/209923
none worse is hilarious but true!
I have a 1905-O Barber Half like that. What is it worth??
Sometimes Coin collecting is losing some money and other times it is this:
Since the same buyer has the top three bids, it might be fun to bid him up by the min increment just to get in second place.
Collectors seek out low grade coins because they are actually very difficult to find. Then again, so is someone with leprosy.
It's a lot easier to find a 90% silver lowball than a clad lowball. I've looked for some of these and 90% silver doesn't seem overly difficult but perhaps I'm missing something here.
I tried to make sense of this a few days ago, but with a population of five for the state and grade it just doesn’t make any sense.
I just had an idea! One of my many either incredibly brilliant or utterly stupid ideas!
A "first grade" registry set. PCGS issues "First Grade" slabs to the first coin submitted that gets a specific grade. Collectors chase the empty slots in the pop report. 1880/79 $1 Rev of 78 in AU53 for example - pop 0. Be the first! 1890-S $1 in VF25 - crack out that EF40 and stick it in your pocket! Resubmit, repeat until you win. If you overdo it, VF20 is also open. There must be hundreds of pop 0 slots to go for.
OK, maybe I need to keep my beer ideas to myself. It just seems like if people are chasing the top slots and the bottom slots, why not chase the middle slots?
Not much over melt.
Barber coins are very common in extreme low grades.
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
With the nice coins they could buy they bid on this. Figures...
This makes no sense at all to me. While I can certainly see collecting coins in this grade, but at correct prices. In other words id a coin is worth 200 in Fine it should be 100 in VG and 50 in good and 25 in AG and 10 in FA and 5 in P01...not twice the price of a 66. Or in this case silver value.
Just never understood this at all!
Well, I agree with the grade! But the 1878, above, deserves a CAC sticker! Hard to imagine a lower graded 1 than that.
Tom
Despite education, stupid money remains the same.
Just letting you know I am accepting consignments
And the lowball is going for more than this one. Edited to add: Was going for more
https://www.ebay.com/itm/Amazing-1880-s-NGC-MS67-Star-Superb-Gem-Rainbow-Toned-Morgan-Dollar-ap2037/333160159880?hash=item4d91e49a88:g:thsAAOSwVq9ctkw3
@MrD Your link by your logo is dead, might want to look into it.
Suppose I sent my Barber quarter To be graded at PCGS and there was a 'new' 'scratch' on the "poor" coin, would it come back as ..................POOR DETAILS, Damaged ????
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
Funny how "collect what you like and makes you happy" becomes "What idiot pays that?" when it comes to lowball coins. There is competition in all aspects of collecting.
Collector, occasional seller
I agree with what you are saying Chris, but this is on the far side of reality .
Well said.
Enough of this and the bad guys will begin to make these. I expect it's a bit easier to turn a 10 into a 1 than it is to turn a 63 into a 66. It would be fun to put a type set of these together, but at prices commensurate with the beauty of the coin and completeness of the design. "To each his own". "Live and let live". "He's entitled to his opinion". Nice sentiments but nuts is nuts. In my opinion.
It has broken $1k.
Collector, occasional seller
Kind of reminds me of a ultramodern in a 70 grade that you just waiting for someone else to dig out of their mint sealed box, send it in and get the same “magic” low pop grade.
I can tell you with great certainty that it is much more difficult to find Poor CC dollars than MS CC dollars. It's not always the money as MS would blow my pocketbook but the challenge is the big part of the fun. I know that most think of them as slugs or dreck or whatever but when you sell a Poor for almost two grand you feel real good about spending the grading fees. My lowball CC collection is almost 100% made by me and it was not easy or quick to get where I am....but sure is fun!!
bob
PS: just sold a 1876cc Half dollar, PO01, for $150 and it was just in my junk pile before sending to PCGS.....that felt good, cherrying myself!
Good job
More evidence there is a lot of room to go before the coin "market" hits bottom.
I’m staying in the “buy the best that you can afford” camp rather than “buy the worst that you can afford” camp.