Ike Experts: PO 01 or FR 02?
MrEureka
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Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
6
Comments
PO1?
It's gotta be PO1 since you can't identify type, correct?
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Holy smokes…where has that coin been?
That is as “POOR” as it gets!
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PO-01. But that’s being optimistic and hopeful for the submitter only.
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Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
I'm not an Ike expert, but that looks like a PO-01 to me.
PO-1 details, cleaned.
PO-1
Not my series, but that's a PO-01 in ANY series.
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Tumbled.
Unfortunately that is very possible. IMHO too many "shiny scratches" that would point more to an "accelerated wear". If it happened in a more "normal" time frame I'd expect most of those to wear away along with the details.
Also take a look at prices in Coinfacts for PO-1 Ikes. They're going for just $2 there. I think the days of big money for slick Ikes is gone. So probably not worth worrying about anyway anymore.
Please educate yourself before making such blatantly wrong statements.
This one closed yesterday on eBay as an auction starting out at .99c:
https://www.ebay.com/itm/157670881804
Can’t argue with that.
Sell it to me and I’ll let you know after it comes back from PCGS. 😬
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I stand corrected. I relied on a price guide over actual sales records. Lazy research on my part.
Has the look of being tumbled. Poor condition but wouldn't straight grade as PO-01 at my grading service."Poor Details-Tumbled" would most likely be my opinion. Coin World Premier holder that I would encapsulate this piece in could be reused since you would have a "glued" or "not glued" option for the holder, as indicated on the submission form. Choose "not glued" then you could simply remove the piece and reuse the holder if you don't like my assessment of it's condition.
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As hard as it is to write this, it seems plausible and even probable that it will not straight grade
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POS....
If I submitted it it would come back po/fr details, artificial wear. I had a couple of Morgans come back with that details grade in the last year and they had real wear and crust. I don’t see that Ike in a straight graded holder. Just my experience.
Please educate yourself before making such blatantly wrong statements.
This one closed yesterday on eBay as an auction starting out at .99c $59.99 [there, fixed it for you]
five bidders bidding on one coin [on ebay] does not a market make.
Gonna use that Lightbulb Head with a picture of you to illustrate your next (Mr)Eureka moment?
I had an entire submission (not my coins) nuked for "Artificial Circulation" once.
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Actually, to defend my original critic @Nephilim a search of low-ball Ikes among completed items does show a couple going for well above just a few times face, And as far as 5 bidders "not a market make", it was enough bidders to "a sale make". Is that a "market"? Hmmmm.......
Tumbled.
Is your theory had this auction began at .99c it would have closed for less?
If not, what was your point?
And as far as 'making a market', what is your definition of it if not the example above?
Use a tumbler to make enough, but not too many.
For fun, I once put a few silver coins in a tumbler with a bunch of cloth strips to simulate a pocket environment.
They came out polished - why??
The same reason that most pocket pieces end up looking polished. [The OP's coin is probably a pocket piece.] Repeated rubbing with small grit (fibers) is essentially the definition of polishing. Actual wear is not simply continuous rubbing with fibers: coins get handed from one person to another, slid across counters, dropped on the ground, jostled against other coins. Those other "wear mechanisms" are coarse grit, not fine grit and also result in dirt and grime being added to the coin.
All comments reflect the opinion of the author, even when irrefutably accurate.
That dollar has a pattern of arcing scratches. When the subject lodges in the barrel of the tumbler the chaff makes the arcs.
I have a hard time with these P1 & FR2 coins that I have rarely seen circulate in the last 40 years. Saw an 1986 ASE yesterday in a clean G grade, really. We see nickels and quarters that probably circulated a million times & they look nothing like these. Something isn't right. I know folks say it was a pocket piece carried a long time, but I have a Peace dollar on a key chain that was pocket carried by my Dad and I every day for almost 60 years and it is hardly a G, and much smoother looking then these.
A true low ball should look something like this, which is probably an AG3.
I wholeheartedly agree with you, especially when someone posts a slabbed very low grade 40% Kennedy. I have never received a Kennedy half in change be it clad or 40%, yet I am supposed to believe that a poor-1 or fair-2 actually circulated in commerce for 30+ years after silver was aggressively pulled out of circulation? Funny how I never see extremely low grade 1964 dimes or quarters, especially when those denominations extensively circulated countless times more than a Kennedy half or an Ike dollar.
I have many lowball coins, while I would have bought the one on EBay, it went for more than I like (a lot more.) Almost all the coins I have I sent in for grading. I pay very little for each one, about half the time I get an O1 grade, the other half an 02 grade. For me it’s just fun, I refuse to pay up for coins that might or might not be tumbled. Most everything I buy is 1800’s or earlier.
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This is a coin I bought in a group for forty bucks or so. After I sell the remaining group I’ll be in it probably twenty bucks with certification fees. This is about as wholesome and real as they get, even with the grime (maybe especially with the grime, it means someone didn’t “make it”) besides, who would fake this?
I'm BACK!!! Used to be Billet7 on the old forum.