Worst house on the block goes for Record Amount!!!

TUMUSS

I want to start by saying I ONLY want to be educated with this posting. I am making NO judgements or jokes about this topic...

I have been trying to understand why PO-1 or FR-2 coins CAN and HAVE commanded premium bids? Is'nt that like the worst house on the block selling for a record amount? I understand that it could be a Pop 1/99999 coin....but I am confused?

Thanks -
Tom

XpipedreamR

It's a niche market.

MrEureka

A better analogy might be found in TV ratings. The worst shows always seem to come out on top.

FC57Coins

Well - it doesn't make a whole lot of sense to me either - but smoe folks like to make registry sets of the worse possible graded coins they can get a hold of - so more power to them!

ElectricEye

It's a Braddick thang, you wouldn't understand.

Gemini

Its make believe like the "Emperors New Clothes" ....

Mikey

You can thank people like braddick.

nwcs

More power to them. Anything on the extremes is generally cool.

MrEureka

Anything on the extremes is generally cool.

Like Cameron and Dorkkarl?

nwcs

<< <i>Anything on the extremes is generally cool.

Like Cameron and Dorkkarl? >>

There are limits to everything.

DennisH

If you're trying to put together a grading set, guess which coins are the hardest ones to locate, hands-down?

granddad

I recently sold a 50c RI commem. ANACS AU50 to OUTHAUL. I am sure that it will be cracked and carried to hopefully grade a 1 some day. I love it. Just one more way to make coin collecting exciting, fun and popular.

Have a Great Day!
Louis

mgoodm3

The worst house on the block is fairly rare in the coin world.

airplanenut

Think about how hard it is to get a coin that might have usually seen little circulation, or after circulation would usually see a ton of damage (been cleaned, scratched, corroded, etc.) in a condition where the only thing it has is wear--no damage, just honest wear. That's not easy.

Jeremy

Cratylus

It's an object lesson in how the registry set concept has artifically inflated the price of even the $hittiest coins.

"I know what I'll do... I'll pay $500 for a total piece of garbage that can barely be distinguished from a corroded slug of sheet metal, even if it only books at $25. Yeah, yeah! That'll make me cool!"

I guess it goes to show that a fool and his money are soon parted.

Coinhusker1

If this PO-1 and FR-2 craze keeps escalating, were going to have debates over "AC" and "NC" -- "aritifically circulated" and "naturally circulated"

lava

Excuse the comedians; a serious reply to follow. I think the poor (but original.............we think) condition coins represent a type of eye appeal different than the norm. We see it in pls/dmpls, my specialty. We see it also in colorfully toned Morgans. We also see it in the very very circulated grades. Before you criticize them, check out what some of them look like -- Braddick can supply some wonderful examples, particularly a Kennedy that looks very attractive today, but never ..................ever.......................in a shape that was supposed to draw interest amd engender eye appeal.

braddick