Possible PO 1 1900 Liberty nickel!
Spartcom5
Posts: 399 ✭✭✭
So as of late i have been looking for PO coins. I found this liberty nickel for 50 cents today. Its a good one, in the right angle light you can make out 1900. The reverse is so smooth theres no detail at all. I think this is a candidate for a PO grade! 
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Comments
I'm not seeing that last zero... but maybe that's just impossible with photos in this case. Good luck!
Its there very hard to see unless in hand and rotating in in the light. Should be a good one to send in. I just think the smooth reverse is so cool! No noticeable damage either.
Liberty nickels in very worn condition are extremely common. Why would you spend $30 slabbing a coin that cost $0.50 and has a price guide value of $6? Are you flipping these or do you just like the idea of a PO01 holder?
I must admit, I like that reverse - it's whatever I want it to be!
Whatever you are, be a good one. ---- Abraham Lincoln
I like the idea of PO coins. I like collecting them. I know i wont make money back but its a cool piece imo. Plus i needed one more coin to send in so why not. I think this will be the 2nd Po1 pcgs
There should be a grade for zero underneath P01.
That's certainly reasonable but you can still have the coin without paying to put it in a slab. I guess if you enjoy paying for the label, then well, ok.
Why are you raining on his parade? We are entitled, and in fact, encouraged, to collect whatever "floats our boat" and never have to explain what, where, when and why to anyone (except maybe the Mrs.
)
It is much harder to get a PO1 then you may think, and if you are looking at this all from a "return value" you may want to find some "Investment" boards instead of anything with "collecting" in the title. Too often we blur the line between collecting and investing. This guy is a "collector" and I admire him for it!
Love it!
As I understand it, the OP is fairly new to the hobby so I was trying to learn about his thought process and perhaps help him along the way with some advice. Obviously he is free to collect however he wants. I think blanket encouragement does people a disservice if they are doing something which has a very high likelihood of losing money. I think it's fair to say that most people on this board would not spend the money to have this coin slabbed and would advise against it. This is a PCGS board, so obviously there is a push to get coins slabbed, but I am simply pointing out that enjoying them raw is a perfectly reasonable (and in this case financially prudent) decision.
I'm not very new to the hobby. I have my fair share of MS and AU coins but for some reason these PO1s are just fun to have. It goes against the norms of high grade coin collecting and it's great lol especially seeing everyone react to it. I don't really care about PCGS price guide value on stuff like this. There is currently only 1 Po1 1900 nickel so how can it be accurate anyways? Plus I am piggybacking so it's only going to cost $20.
I apologize for assuming that you were new to the hobby.
Not to belabor the point, but I'm sure you understand there are likely hundreds of 1900 Liberty nickels in that condition, it's just that only one of them has been slabbed. Anyway, if you've found an aspect of the hobby that appeals to you, then by all means enjoy it!
I think it's a slam dunk 001 coin.
Good luck.
Any premium on P1?
There is at least one member that may pay a premium for 001 coins.
KK
Here's the one I made for comparison:
you can buy these raw by the hundred
Yes assuming you can make out the last ‘0’ in-hand, definitely looks like a great shot at a 1.
I sent this one into grading at ICG, I guess too much detail for the P1 grade, graded F2:
That coin (in the OP) is certainly at least a P01.... My only reservation is that the reverse is so slick they may not grade it at all.....JMO....and I am not hard over on that, since I have not seen it 'in hand'...Best of luck, Cheers, RickO
Seems to me that Spartcom5 is getting good entertainment value for his $20 grading fee. First, the enjoyment of seeing whether it hits the grade he's looking for. Then, if it does, the enjoyment of having a "slabbed condition rarity" (at the affordable end of the condition scale!).
I was in the same position a few years ago with an 1809 half cent I picked up for $11. It seemed to me to be a perfect worn-slick coin to contrast my high-end registry coins. I sent it to PCGS and even sprung for the TrueView:
I am not a lowball collector - this is my only PO01 - but I have enjoyed the heck out of this lowly coin.
NICE !!! I always like the look of these. Here is one of my dimes...
Normally, the best grade from the best grading service is the most desirable. Does that mean that for lowball sets the worst grade from the worst grading service is the most desirable? And don't forget to send it to CAC and hopefully they will refuse to sticker it, and give you a document confirming that.
I would have no interest in a date set of Poor coins, but a type set might be interesting.
It reminds me of a story I heard once of a person who took a Whitman folder for buffalo nickels and filled it with dateless coins (including Type 1 coins where appropriate), and then displayed it as a compete set of buffalo nickels. Who could prove him wrong?
very cool, as long as you can see the last 0
You have to love some of the nomenclature in our hobby. "Poor" was an interesting choice like "Fair" and "Good".
I guess the first guy to assign names to the grades got to pick. One man's "poor" could have been another person's "crappy".
As long as the last zero is visible it's definitely a PO01.
These are not quite as easy to find as some may think. While not rare, most coins that at first glance might seem to a poor, don't have a date, are actually fair, are damaged, etc. In my opinion that is part of what makes lowball collecting fun. It's quite a bit harder than it seems.
Playing with the photo from the original post:
Well it's going to be a good two months until I see it again. Gotta get back out there and start searching again! Wish I took another picture for you guys but yes the last 0 is there 100% you can see it without a loupe. You just have to move it around in different lighting and you can see remnants of it, it's quite cool actually, anymore wear and it'd be gone completely. I did pick another liberty nickel up at the same place and it's so worn nothing but a very faint outline of the obverse remains, I'll have to get some pictures.
If you have to work that hard to see it then that is what makes it worthwhile.
There should be a grade for zero underneath P01.
Isn't basal state (BS) lower than PO-01?
Good luck with that. I submitted one with no reverse details whatsoever and a faint outline of the date and bust and it got FR-02.
Would it have been advised to maybe give this coin an acetone rinse? The guy at the shop had his finger on it it and my biggest pet peeve with coins are finger prints!