Peace Dollar Low ball help
Yorkshireman
Posts: 4,585 ✭✭✭✭✭
I recently submitted two really weak Peace dollars hoping for a "1" grade to offer to a lowball collector for their registry set.
One got graded as a "2" and the other had a date so weak that it did not get graded.
What should I do now?
One got graded as a "2" and the other had a date so weak that it did not get graded.
What should I do now?
Yorkshireman,Obsessed collector of round, metallic pieces of history.Hunting for Latin American colonial portraits plus cool US & British coins.
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I recently submitted two really weak Peace dollars hoping for a "1" grade to offer to a lowball collector for their registry set.
One got graded as a "2" and the other had a date so weak that it did not get graded.
What should I do now?
Post photos.
peacockcoins
"At PCGS, a coin assigned a grade of Poor 1 is a coin that has most of the design and date missing due to excessive wear from circulation. However, in most cases the coin has to be identifiable by its date, mint mark and type before PCGS assigns it a grade of Poor 1.
Not only do some coins in grades of Poor 1 command higher premiums than in most other grades. Numerous times collectors have sent in coins graded PCGS Fair 2 under a grade review, in hopes of getting their coin downgraded to a grade of Poor 1.
Perhaps coins in grades of Poor 1 are much more desirable because they circulated heavily, and therefore have much more historical significance. Or, it can be because this is the lowest grade possible and it’s really hard to find a coin in this one specific grade. Is it because it takes just a bit more wear before it becomes un-greadable. Or, is it because of the Set Registry and several collectors want to compete in Low Ball sets? Or it may be because collecting Low Ball coins is really fun.
Whatever the reason is, its fun to see Low Ball coins attract this much attention in the marketplace."
http://www.pcgsblog.com/jaime/news/pcgs-low-ball-coins
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bob
http://www.numismaticnews.net/article/good-money-spent-on-poor-coins
You still may have had success What is the PO 01 population of the FA02 coin? If Fair 2 is the lowest for the year/mm then you still may have something to offer the lowball collectors.
bob
When it comes to 1923 Peace dollars. there are 2 graded "1"s with 8 "2"s.
So I hope there will be some demand for this coin.
It certainly is in the (bad) condition census.
Just think! Of the 200,000 PCGS graded 1923 Peace dollars, this is one of the 10 (worst) best.
Remarkable!! What a great addition to somebody's registry set.
I will try to post photos.
Just randomly write in a date in the Peace dollar range with a sharpie. Good to go.
Lafayette Grading Set
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Lafayette Grading Set
Look at the Lowball Peace dollar registry set and send them a pm if they don't have the one you have
While I did look at the sets, I didn't think to PM owners. Thanks!
DPOTD-3
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Don
Lafayette Grading Set