P01 coins-Which ones are worth grading?

rec78

I am talking about P-01 common date seated and bust and barber coins which I own quite a few. i know that modern coins may be-I don't have any of them. Is a 1876 seated dime or 1889 V-nickel in P-01 condition worth grading to sell to lowballers? I don't know much about lowball sets. Is there a date category or do these just go by type? I am not talking about keys or semi-keys-just regular run of the mill common stuff. To be more specific is any commoncoin dated before 1932 in P-01 condition worth grading to sell to lowballers?

Thanks, Bob

Manorcourtman

Check the pop reports before submitting. Dates with multiple PO1's already are a losing proposition. Last summer I sold a couple PO1's for around $50 iirc. It's a thin market once you get outside the Morgans! And getting a PO1 ain't what it used to be. They are very tough to get these days as I'm sure others will tell you from these boards. I just submitted a sweet 1874 Arrows quarter yesterday. She's a PO1 all day in my eyes but you know how individual opinions are good for one grade lower in this situation

Either way, no ain't gonna get rich doin it! I do it for the fun of it.

MadMarty

The whole PO01 market is driven by the registry, I know a board member who just made a POP1 40% silver Kennedy in PO01. Without a registry there are only a few lowball collectors.

MonteCarlo

I'm working on an S-00 collection. Worse than Poor... I'll let you figure out what the "S" stands for.

Baley

Apparently, PO-1 slabs with coins that commonly, naturally got very worn down (i.e., old, heavily circulated types like bust, seated, and barber) aren't worth the Novelty Slab Premium (over the coin value) that is attached by the market for certified PO-1 coins that did not typically receive really heavy circulation wear: Modern clads, NCLT such as ASEs, proof coins, etc.

Not claiming to understand it, or make any judgements, just describing what I see

DennisH

I believe that anything which will grade PO01 is worth sending in.

But don't send in anything until you REALLY UNDERSTAND the ins and outs of what it takes to be a PO01 at PCGS. They are extremely picky, and those of us who have submitted multiple coins know how... um, unpredictable... the difference between PO01 and FA02 can be. I can not stress this enough.

RevDrBlimber

Any key dates; coins with certain values where it is worth more in a slab than out of one; coins where the buyer is going to dispute whether it is real or that it is gradeable. There is a certain mystique about certain grades, like coins on the other end of the spectrum, "70s"; certainly this is one of them.

Davideo

<< <i>I believe that anything which will grade PO01 is worth sending in.

But don't send in anything until you REALLY UNDERSTAND the ins and outs of what it takes to be a PO01 at PCGS. They are extremely picky, and those of us who have submitted multiple coins know how... um, unpredictable... the difference between PO01 and FA02 can be. I can not stress this enough. >>



Any suggestions on resources to help understand the lowball grading? Besides the online photo grade and looking at the registry sets with pictures.

DennisH

You have to look at actual coins that have been graded PO01 by PCGS. And don't assume that other services' interpretation of PO01 will be PCGS' interpretation. This is as unpredictable an area of grading as high mint state is.

CarsonCityGold

Not a good business plan submitting common date seated, bust and barber coins trying for a PO 01. Key dates yes. Not enough demand for commons of that era to offset your cost. Most low ball collectors like the thrill of the chase and slab their own as opposed to buying already slabbed. A few exceptions, but unlikely in that group of coins.

foodude

There is a fine line between a no grade (for lack detail to identify the date, mint mark (or lack thereof) and a FR02.

yellowjacket

I have a whole bin of Barber dimes and quarters that are ready for a PO 01 slab!

Garrow

Billet7

The ones that are clearly worth sending in are the "rare" ones. Anything that didn't really have the chance to circulate long enough to receive the wear necessary to get the grade is rare...and sought after...ie steel pennies, moderns etc.

Davideo

I don't know the rules if this should be in a separate BST thread, but if anyone has some PO or FR Barber quarters you are looking to unload, send me a PM.

Lucanus

<< <i>The whole PO01 market is driven by the registry, I know a board member who just made a POP1 40% silver Kennedy in PO01. Without a registry there are only a few lowball collectors. >>



Without the set registry I would say there would be no lowball collectors.

Doug

CarsonCityGold

<< <i>Without the set registry I would say there would be no lowball collectors. >>



Several of us have collected lowball coins since way before the registry.
Has it expanded the collector base - yes.
I actually think PCGS got the idea for a lowball registry because those of us that collected them started logging them into the "regular" sets.

BillJones

<< <i>The whole PO01 market is driven by the registry, I know a board member who just made a POP1 40% silver Kennedy in PO01. Without a registry there are only a few lowball collectors. >>





The only coins that are worth slabbing in PR-01 are great rarities like Strawberry Leaf and Jefferson Head cents, Draped Bust, Small Eagle half dollars and the like. Sending in common coins for grading in PR-01 is like making a fancy wedding dress out of burlap bags. You might use a nice dress pattern, but it’s still going to look like hell.