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Another new PO01 added to the collection...

basetsbbasetsb Posts: 508 ✭✭✭✭

Just got this one back in from PCGS. It's the only 1894 in poor graded by the service . Very happy to have this one back.

@basetsb_coins on Instagram

Comments

  • DavideoDavideo Posts: 1,363 ✭✭✭✭

    Congrats. Can't get much worn than that. Thanks for sharing.

  • CascadeChrisCascadeChris Posts: 2,529 ✭✭✭✭✭

    Nice one. But when I saw the date before the pics loaded I was sooo hoping it was a Morgan. Cool coin but a p01 94p Morgan would be killer

    The more you VAM..
  • basetsbbasetsb Posts: 508 ✭✭✭✭

    @CascadeChris said:
    Nice one. But when I saw the date before the pics loaded I was sooo hoping it was a Morgan. Cool coin but a p01 94p Morgan would be killer

    lol, yeah it really would.

    @basetsb_coins on Instagram

  • DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭

    Wow.....I don't get it....but if your happy......I'm happy. :)

  • COINS MAKE CENTSCOINS MAKE CENTS Posts: 1,878 ✭✭✭✭✭

    That's pretty worn that's for sure

    New inventory added daily at Coins Make Cents
    HAPPY COLLECTING


  • JcldJcld Posts: 449 ✭✭✭

    I don't understand why you would slab a coin like that, also how on earth did they make out the date?

  • basetsbbasetsb Posts: 508 ✭✭✭✭

    @Jcld said:
    I don't understand why you would slab a coin like that, also how on earth did they make out the date?

    Because it's the only one that's ever been graded PO01, which gives it a premium in the lowball market. You can make out the date in hand.

    @basetsb_coins on Instagram

  • JcldJcld Posts: 449 ✭✭✭

    @basetsb said:

    @Jcld said:
    I don't understand why you would slab a coin like that, also how on earth did they make out the date?

    Because it's the only one that's ever been graded PO01, which gives it a premium in the lowball market. You can make out the date in hand.

    I had no idea there was a lowball market. Amazing. Glad you got what you were after though.

  • ZoinsZoins Posts: 34,401 ✭✭✭✭✭

    And it's secure too! Just don't get it beaned or it won't be the lowest of the low!

  • CascadeChrisCascadeChris Posts: 2,529 ✭✭✭✭✭

    @Jcld said:

    @basetsb said:

    @Jcld said:
    I don't understand why you would slab a coin like that, also how on earth did they make out the date?

    Because it's the only one that's ever been graded PO01, which gives it a premium in the lowball market. You can make out the date in hand.

    I had no idea there was a lowball market. Amazing. Glad you got what you were after though.

    It's a pretty large niche and growing especially with Morgan's but just about every series too. A true p01 with original surfaces is great coin

    The more you VAM..
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Unbelievable.....Congratulations... you are obviously very happy with the result... Cheers, RickO

  • basetsbbasetsb Posts: 508 ✭✭✭✭

    @ricko said:
    Unbelievable.....Congratulations... you are obviously very happy with the result... Cheers, RickO

    Thanks ricko, I appreciate the support.

    @basetsb_coins on Instagram

  • boyernumismaticsboyernumismatics Posts: 473 ✭✭✭✭

    @ricko said:
    Unbelievable.....Congratulations... you are obviously very happy with the result... Cheers, RickO

    Same coin from the sub I posted last week. It was @basetsb 's coin inside of my submission.

    But yeah, I already Got my feelings/point across about the poor market. My coins on eBay right now (the rest of the submission) are already pulling very well and they were put up less than 24 hours ago. Fun to see them go up constantly!

  • HoledandCreativeHoledandCreative Posts: 2,838 ✭✭✭✭✭

    What are the black spots?

  • BUFFNIXXBUFFNIXX Posts: 2,727 ✭✭✭✭✭

    below the PO01 you should have had them put
    aka: basal state 01 (also known as basal state 01)
    which is another term for proof-01

    Collector of Buffalo Nickels and other 20th century United States Coinage
    a.k.a "The BUFFINATOR"
  • BUFFNIXXBUFFNIXX Posts: 2,727 ✭✭✭✭✭

    I meant poor-01 not proof-01 above.
    obviously!

    Collector of Buffalo Nickels and other 20th century United States Coinage
    a.k.a "The BUFFINATOR"
  • basetsbbasetsb Posts: 508 ✭✭✭✭

    @HoledandCreative said:
    What are the black spots?

    Those aren't spots, they are dings in the coin.

    @basetsb_coins on Instagram

  • RayboRaybo Posts: 5,342 ✭✭✭✭✭

    For some reason that is very cool.
    You have the best of the worst? :)

  • basetsbbasetsb Posts: 508 ✭✭✭✭

    @Raybo said:
    For some reason that is very cool.
    You have the best of the worst? :)

    Haha, exactly.

    @basetsb_coins on Instagram

  • This content has been removed.
  • AUandAGAUandAG Posts: 24,956 ✭✭✭✭✭

    afford: Can't say I disagree except that the challenge to find and grade PO 01's is massive. Like looking for MS68 Morgans. Scarce as hens teeth. Expensive too. Challenging for sure. Just another form of collecting and not such a boring one!
    Try it you'll get hooked.

    bob:)
    4th best lowball CC morgan set.

    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • edited April 21, 2017 9:54PM
    This content has been removed.
  • jwittenjwitten Posts: 5,242 ✭✭✭✭✭

    @Zoins said:
    And it's secure too! Just don't get it beaned or it won't be the lowest of the low!

    He could lie and say it failed at CAC, which would make it even more desirable, lol

  • lkeigwinlkeigwin Posts: 16,894 ✭✭✭✭✭

    Wow. Looks like a PO00 to me.
    Lance.

  • basetsbbasetsb Posts: 508 ✭✭✭✭

    @afford said:
    btw when I see a coin like this I can't help but think due to this new and fangled way of collecting was this coin a vf that someone put in their pocket to lower the grade as much as humanly possible.
    The motivation is there, the demand is there, the supply is there and all in perfect proportions....makes for a viable market albeit a phony one at that.

    Not really. Its entirely possible for coins to have naturally circulated into this condition. I've been around many, many bins of culls, especially liberty head nickels and indians. The challenge is finding one that has original surfaces and natural wear. You have to be able to identify the date, type and mint mark (if applicable). It quite an arduous task with culls, as a great many of them are scratched, worn out, cleaned, bent, you name it.

    @basetsb_coins on Instagram

  • oih82w8oih82w8 Posts: 12,636 ✭✭✭✭✭
    edited April 22, 2017 3:45AM

    @basetsb said:

    @HoledandCreative said:
    What are the black spots?

    Those aren't spots, they are dings in the coin.

    I guess there is a fine line between dings and damage? That is one "slick nickel". No "Price Guide" value assessed. Congrats on "history in your hands". The stories that these worn down coins could tell.

    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,...
  • basetsbbasetsb Posts: 508 ✭✭✭✭

    @oih82w8 said:

    @basetsb said:

    @HoledandCreative said:
    What are the black spots?

    Those aren't spots, they are dings in the coin.

    I guess there is a fine line between dings and damage? That is one "slick nickel". No "Price Guide" value assessed. Congrats on "history in your hands". The stories that these worn down coins could tell.

    The dings on this coin were considered market acceptable for the grade at PCGS. It was hopeful when I sent it in and I was glad when it graded out straight. Out of a whole bin of culls, this was one of 4 that I was even considered and the only 1 that I sent in. That's how hard it is to find one that meets the standard for poors. You need the eye for it, so to speak.

    @basetsb_coins on Instagram

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