PCGS Worst of the Worst at ANA...
BackroadJunkie
Posts: 3,745 ✭✭✭✭✭
Holy cow! This might make me wander out to Rosemont just to see 'em!
“Worst of the Worst” Morgan Dollars in PCGS Exhibit at ANA Convention
"The Professional Coin Grading Service will display the "worst of the worst" collection of Morgan dollars during the ANA 2014 Chicago World’s Fair of Money, held August 5 to 9."
“Worst of the Worst” Morgan Dollars in PCGS Exhibit at ANA Convention
"The Professional Coin Grading Service will display the "worst of the worst" collection of Morgan dollars during the ANA 2014 Chicago World’s Fair of Money, held August 5 to 9."
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Comments
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>I wonder how many will have CAC stickers.
Great transactions with oih82w8, JasonGaming, Moose1913.
Never any interest in the low grades for me.
Mike
<< <i>Worst known is such a silly concept. Makes money for the grading companies though. >>
Exactly. Just another TPG game to increase submissions. I don't see how this can be considered pro-collector when the grading costs for these low grade coins are higher than the value of the coins themselves.
Joseph J. Singleton - First Superintendent of the U.S. Branch Mint in Dahlonega Georgia
Findley Ridge Collection
About Findley Ridge
<< <i>Worst known is such a silly concept. Makes money for the grading companies though. >>
<< <i> I don't see how this can be considered pro-collector when the grading costs for these low grade coins are higher than the value of the coins themselves. >>
Kinda like riding my Harley. If I need to explain you wouldn't understand.
Silly? So it's like collecting medieval coins? Beauty is in the eye of the beholder.
I've collected low grade coins (and had them slabbed) way before they established the low grade registry.
JJ Singleton, An uneducated opinion from someone who has probably never attempted to purchase slabbed POP1 Low grade coins. The "value" far exceeds the grading fees.
Besides, what does the value have to do with collecting or "pro-collector"?
So did my CC Gold Collection meet your standards, but not my Peace dollars?
Just because it's not your cup of tea doesn't mean you need to knock it.
My #1 Low Ball Peace Dollar Set
It's not my cup of tea, but it's right down my alley, _______.
Actually, I'm impressed with collections like these - it often takes a lot of knowledge to correctly attribute a worn out coin!
I think whatever gives someone pleasure in coin collecting should be encouraged.
<< <i>Phew! When I saw the title of this thread I thought the OP was on his way to getting banned from this Forum. >>
My first reaction as well.
Latin American Collection
<< <i>I wonder how many will have CAC stickers.
I'm familiar with that set... a lot of them have stickers.
<< <i>Worst known is such a silly concept. Makes money for the grading companies though. >>
Brings enjoyment and fun to those that hunt for, collect and submit them though.
The name is LEE!
<< <i>
<< <i>Worst known is such a silly concept. Makes money for the grading companies though. >>
Exactly. Just another TPG game to increase submissions. I don't see how this can be considered pro-collector when the grading costs for these low grade coins are higher than the value of the coins themselves. >>
Each coin can be graded at the Economy level which is $20 and I'd like to know where you can purchase an 1893-S and an 1894 at less than $62 each?
There are many coins within that collection which cost well over $50 each regardless of grade. Finding low ball candidates that do not have damage can be quite a challenge.
The name is LEE!
<< <i>Kinda like riding my Harley. If I need to explain you wouldn't understand. >>
That says it pretty well. And I don't have a Harley. I like Canadian silver dollars. I don't know why, I just do. People like what they like.
Link to the set in the Registry. The set is imaged. Worst of the Worst
We'll use our hands and hearts and if we must we'll use our heads.
<< <i>
<< <i>I wonder how many will have CAC stickers.
I'm familiar with that set... a lot of them have stickers. >>
I hope none are gold.
Lance.
>>
I hope none are gold.
Lance. >>
Eric
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
i like the idea of lowball sets. some lowball coins have a lot of character...more so that their high end counterparts. it depends on the coin though.
Latin American Collection
<< <i>
<< <i>Worst known is such a silly concept. Makes money for the grading companies though. >>
Brings enjoyment and fun to those that hunt for, collect and submit them though.
A good friend of mine who used to post regularly here made a decent profit collecting/slabbing a low-ball set.
(looks way better in hand...sea green toning)
it's tied for the lowest graded for that date. it has a lot of character in hand...sure, it's not as nice as looking at a high end piece that's original...but it has it's own merits.
Never any interest in the low grades for me.<<<
+1
Click here for news release and photos
-donn-
David Kahn once had a 1795 50c in AG3 that was so spectacularly wholesome I must have looked at the images online a dozen times before it sold.
I don't collect them but I like them.
My War Nickels https://www.pcgs.com/setregistry/nickels/jefferson-nickels-specialty-sets/jefferson-nickels-fs-basic-war-set-circulation-strikes-1942-1945/publishedset/94452
Haters gonna hate.
He needed a hobby to consume his time and at one time had a grading set of 1889-CC Morgans complete up to MS-63.
He sold those off and started doing the lowball sets.
To the CAC question, most of his coins are CAC stickered.
While this type of collecting does not appeal to most, not many can claim 97 of 97 top pop coins in their set. His feat will not be duplicated unless someone buys his set whole in the future and finds a coin to improve the score.
Member, Society of Silver Dollar Collectors.
Looking for PCGS AU58+ 1901-P, 1896-O, & 1894-O
<< <i>Phew! When I saw the title of this thread I thought the OP was on his way to getting banned from this Forum. >>
Sure. Shoot the messenger.
<< <i>I think whatever gives someone pleasure in coin collecting should be encouraged. >>
I just don't understand the "Since I don't collect it, it's a waste of time" attitude. It's one thing not to care, but to deride it? Why?
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
<< <i>Theoretically, with enough time and patience, anyone could duplicate this set by taking higher graded coins and just wearing them down over time. I know people on this forum carrying AG coins in their pockets right now trying to wear them down just a bit more for a lower grade! Might take many many years to duplicate this set, but it's certainly possible. Can't really say the same about high grade sets
Theoretically, you could say the same for high grade sets. Look at the same 97 Morgan set on the High end. Jack Lee was passed by California. California was passed by Coronet. None of those major sets have had all top pop coins for all 97 coins. But theoretically you could get all 97 top pop coins with money and time. Time probably being the hardest thing to overcome.
A majority of the Sourdough coins were found and graded by sourdough. Of course he has help along the way. One thing about this set, while more judgment than fact, each coin is the worst gradable coin for that year and mint. When an even worse example comes along, he replaces his coin with the worst one.
Until someone tries to get a Poor 01 grade, they will not fully appreciate how hard it really is to get that grade. Most coins that worn would be graded damaged or some other genuine identifier by PCGS.
To each their own. You may not like the set, but do not discount how hard it is to get all top pop coins in the registry. Whether top or bottom of the grade spectrum, this set is 100% top pop. Show me another set that is 100% top pop that is not modern. Good luck finding one.
Member, Society of Silver Dollar Collectors.
Looking for PCGS AU58+ 1901-P, 1896-O, & 1894-O
Silver Morgans.
<< <i>
<< <i>Theoretically, with enough time and patience, anyone could duplicate this set by taking higher graded coins and just wearing them down over time. I know people on this forum carrying AG coins in their pockets right now trying to wear them down just a bit more for a lower grade! Might take many many years to duplicate this set, but it's certainly possible. Can't really say the same about high grade sets
Theoretically, you could say the same for high grade sets. Look at the same 97 Morgan set on the High end. Jack Lee was passed by California. California was passed by Coronet. None of those major sets have had all top pop coins for all 97 coins. But theoretically you could get all 97 top pop coins with money and time. Time probably being the hardest thing to overcome.
A majority of the Sourdough coins were found and graded by sourdough. Of course he has help along the way. One thing about this set, while more judgment than fact, each coin is the worst gradable coin for that year and mint. When an even worse example comes along, he replaces his coin with the worst one.
Until someone tries to get a Poor 01 grade, they will not fully appreciate how hard it really is to get that grade. Most coins that worn would be graded damaged or some other genuine identifier by PCGS.
To each their own. You may not like the set, but do not discount how hard it is to get all top pop coins in the registry. Whether top or bottom of the grade spectrum, this set is 100% top pop. Show me another set that is 100% top pop that is not modern. Good luck finding one. >>
I certainly wasn't intending to discount the work that went into the set or the coolness of it. I will certainly check it out when it's on display. Of course people can duplicate the high grade sets with tons of money and if they can buy the current top pop examples when they are available.
I have had several coins graded Poor 01 and yes it is very difficult to get the grading company to assign that grade and not find problems worthy of a GEN holder. Even impossible to get a grade that low for some series as you really can't wear down some coins that far and still tell if they did or did not have a mint mark. You'll probably never see a Poor 01 1909 $5 Indian as you'd never know if it were a P, D, O or S mint. With Morgan Dollars the mintmark is protected and away from the rims just enough to where you can do the full series that low.
But the fact remains that one can certainly make their own Poor 1 coins from higher graded examples that cost relatively little. Never implied it was easy, but it is possible.
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
<< <i>Theoretically, with enough time and patience, anyone could duplicate this set by taking higher graded coins and just wearing them down over time. I know people on this forum carrying AG coins in their pockets right now trying to wear them down just a bit more for a lower grade! Might take many many years to duplicate this set, but it's certainly possible. Can't really say the same about high grade sets
while i agree with you in theory, it would take a long time to get one that looks like this:
i don't think one could start with an AG and get it to PO *with this patina* anytime soon.
<< <i>Worst known is such a silly concept. Makes money for the grading companies though. >>
A lot of the worst ones already made their trips to the smelter in 1979-1980 and 2011. It's surprisingly that many survived.
I doubt if that many of these are the worst known. There's a lot of low grade circ coins out in the world that never see the light of day. A gold CAC sticker on your PO-01 would be reason to pull your hair out....lol.
While I think they're cool too, I don't intend to pay huge premiums for the honor of buying them. But if I can snag them for AG/Fair money I usually do it. I rescued a rare 1843-0 Lg 0 quarter in "weak AG to Fair" from the smelter on one of my last visits to the coin shop. What were the odds it was a 43-0 let alone a large O variety. Wholesome coin too. But it's not a PO-1. Paid $8 as I recall.
<< <i>Worst known is such a silly concept. Makes money for the grading companies though. >>
I agree.
Just a totally dumb idea for the collector.
Genius move for the grading company.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
It's six.
People who have never tried to get a Poor-01 grade at PCGS are profoundly clueless about how hard it is. Writing a big check for a high grade coin may hurt, but tying to find a Poor-01 candidate to send in is torture.
People who think you can pocket-wear a Morgan down to Poor-01 have no clue how funny they are. Put one in your pocket now and get back to me in 2020 with an update on how it's going. I wish you well!
People who demean anyone for their choice of collecting pursuits are... well, I don't want to be kicked off this site.
And it is a lot of fun to be able to physically handle your coins any old which way you want.
<< <i>Phew! When I saw the title of this thread I thought the OP was on his way to getting banned from this Forum.
I think whatever gives someone pleasure in coin collecting should be encouraged. >>
<< <i>People who never look at the left side of Pop Reports are clueless about Morgan dollar rarity. In PCGS MS67, 1881-CCs, 1885-CCs and 1903-Os are silly widgets (pops of 164, 65, and 70). In Poor-01 their pops are 3, 1, and 1. That's a grand total of five coins. Now guess what the 1893-S population is in MS65 and up. Go ahead, guess.
It's six.
People who have never tried to get a Poor-01 grade at PCGS are profoundly clueless about how hard it is. Writing a big check for a high grade coin may hurt, but tying to find a Poor-01 candidate to send in is torture.
People who think you can pocket-wear a Morgan down to Poor-01 have no clue how funny they are. Put one in your pocket now and get back to me in 2020 with an update on how it's going. I wish you well!
People who demean anyone for their choice of collecting pursuits are... well, I don't want to be kicked off this site. >>
What you're missing is that a huge amount of gem Morgan silver dollars have been sent in to the TPG's for grading. Probably over half the MS67's in existence are now in slabs. How many Poor Morgan silver dollars do you think are still sitting out there raw and never tried? It's never been cost effective to slab them (these are the ones not yet melted over the past 40 years). I'd bet not 1 owner out of 100 (or 1,000) has any clue that their massively worn Morgan put away back during WW2 and/or handed down to them is actually a potential low ball set "rarity." One difference in those silly MS67 1885-c "widgets" is that you can't go out and make very more of them. Probably not even 30 more. Yet how many circ or MS61-MS63 1885-cc dollar are candidates for the low ball set should the price of P-01 examples ever happen to exceed the value of a BU coin? There's no technology out there that could speed up the wear on one of these to only a few hours or days...and then tone it down in a short period of time?
While the PO-1 pops are obscenely low, that could also be a reflection of low demand and lack of profit potential. How many Morgan dollar set collectors want a PO-1 1893-s in their set rather than a Fine-12 and then also have to pay more for the slug? Not many I would think. "Hard to do" doesn't necessarily mean "in high demand" or "with high value." While I do applaud and treasure the search, I don't think they should ever be worth more than say a Good example. I've seen this same logic used by people with Good-XF low mintage seated halves and quarters of 1879-1890. While those coins are indeed rarer than AU's and Uncs (and proofs) which were hoarded, the circs will for the most part never be worth more than a typical MS61 coin. I'd imagine an 1886 quarter in PO-1 to AG is quite rare. I'll still take a full rimmed good in its place though. I guess for an inexpensive type coin like a 1826 CBH or 1843 25c in PO-01 can have its allure in a low ball type set. I'm not buying the allure of a PO-1 1893-s dollar or 1815/2 half though. If that were the case, Vermeulle, Eliasberg, James Stack, the Norwebs, Wayne Miller, Monsterman, and others all went after the wrong 1893-s Morgan widgets. I am pretty sure than none of them had a PO-1 1893-s. But the buffing wheel is close at hand.