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Peace Dollar Low ball help

YorkshiremanYorkshireman Posts: 4,585 ✭✭✭✭✭
in U.S. Coin Forum
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?
Yorkshireman,Obsessed collector of round, metallic pieces of history.Hunting for Latin American colonial portraits plus cool US & British coins.

Comments

  • braddickbraddick Posts: 24,861 ✭✭✭✭✭
    Originally posted by: Yorkshireman
    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

  • 291fifth291fifth Posts: 24,710 ✭✭✭✭✭
    Stop wasting money on "lowball" submissions.
    All glory is fleeting.
  • oih82w8oih82w8 Posts: 12,613 ✭✭✭✭✭
    A weak date would not justify a "no grade" or "details" moniker...there had to be something else. From what I remember, a P01 had to be identifiable by Type, date and mintmark and be problem free (no cleaning or other damage) to receive a P01.



    "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
    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

    BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
  • AUandAGAUandAG Posts: 24,943 ✭✭✭✭✭
    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.



    bobimage
    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • foodudefoodude Posts: 3,579 ✭✭✭
    As one learns more about "PO01's," one eventually understands there is a "fine line between and FR02 and a no grade." Peace dollars in particular are difficult (other than a '21) to get in a PO01 holder. Here is an article last year in NN about PO01s.

    http://www.numismaticnews.net/article/good-money-spent-on-poor-coins
    Greg Allen Coins, LLC Show Schedule: https://forums.collectors.com/discussion/573044/our-show-schedule-updated-10-2-16 Authorized dealer for NGC, PCGS, CAC, and QA. Member of PNG, RTT (Founding Platinum Member), FUN, MSNS, and NCBA (formerly ICTA); Life Member of ANA and CSNS. NCBA Board member. "GA3" on CCE.
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    A goal I have never understood...but then, there really is no logic to most collecting. Cheers, RickO
  • YorkshiremanYorkshireman Posts: 4,585 ✭✭✭✭✭
    Originally posted by: AUandAG

    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.



    bobimage




    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.



    Yorkshireman,Obsessed collector of round, metallic pieces of history.Hunting for Latin American colonial portraits plus cool US & British coins.
  • Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭


    Just randomly write in a date in the Peace dollar range with a sharpie. Good to go.
  • pocketpiececommemspocketpiececommems Posts: 6,052 ✭✭✭✭✭
    Collecting lowball coins is just another avenue that makes collecting coins fun. To each his own.
    Pocketpiececommemoratives

    Lafayette Grading Set
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    Stick it in your pocket....until it becomes a PO1.



    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,623 ✭✭✭✭✭
    Chase after the lowest and you're bound to hit bottom.

    ``https://ebay.us/m/KxolR5

  • YorkshiremanYorkshireman Posts: 4,585 ✭✭✭✭✭
    With a pop of 8 with only 2 lower, how should it be priced?
    Yorkshireman,Obsessed collector of round, metallic pieces of history.Hunting for Latin American colonial portraits plus cool US & British coins.
  • YorkshiremanYorkshireman Posts: 4,585 ✭✭✭✭✭
    Does anybody here collect these?
    Yorkshireman,Obsessed collector of round, metallic pieces of history.Hunting for Latin American colonial portraits plus cool US & British coins.
  • pocketpiececommemspocketpiececommems Posts: 6,052 ✭✭✭✭✭
    Look at the Lowball Peace dollar registry set and send them a pm if they don't have the one you have
    Pocketpiececommemoratives

    Lafayette Grading Set
  • YorkshiremanYorkshireman Posts: 4,585 ✭✭✭✭✭
    Originally posted by: pocketpiececommems

    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!
    Yorkshireman,Obsessed collector of round, metallic pieces of history.Hunting for Latin American colonial portraits plus cool US & British coins.
  • ajaanajaan Posts: 17,623 ✭✭✭✭✭
    Common date PCGS FR02 Peace Dollars are worth about $30. PO01 about double that.

    DPOTD-3
    'Emancipate yourselves from mental slavery'

    CU #3245 B.N.A. #428


    Don
  • pocketpiececommemspocketpiececommems Posts: 6,052 ✭✭✭✭✭
    BTW if you find any PO01 Classic Commemoratives I'm in the market for them imageimage
    Pocketpiececommemoratives

    Lafayette Grading Set

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