Congratulations to the owner but my first thought was.... There's much to much meat on that bone for a P01! You would barely need to see the date and MM to tell it's a 43 steel cent.
If you had posted this coin here raw, why do I think everyone would say PMD. I'd just like to know how any TPG'er knows it's a true P01 and that it hasn't been intentionally manipulated or altered?
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
I know low ball coins have their following - and a strong one. I am not attracted to them, but do enjoy seeing some of these coins. Like errors, fun to see, but I do not collect them. Thanks for showing that one. Cheers, RickO
I saw this on eBay a while ago. Imagine what it's been through! Steel's really hard to wear down. I don't think the price is reasonable, but it's probably the hardest low-ball to obtain, so I think there are a few of people who would pay several hundred for it.
I would agree with your 2 but I'd consider the P01 in this situation, over graded. This P01 coin I believe would be worth much more then the same coin certified FA2.
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
I would agree with your 2 but I'd consider the P01 in this situation, over graded. This P01 coin I believe would be worth much more then the same coin certified FA2.
Oh sure. In lowball land, undergraded coins are bad!
The advice I see here so very often is you should stretch for the coins that you will have a limited opportunity to buy. It seems to me that this coin is one you should stretch for.
The wear on that coin doesn’t look natural to me, but NGC thought otherwise.
I don’t understand the prices for this low ball stuff and never will. When I was a kid collector in the early 1960s, I was proud of the fact that I didn’t have any extremely low grade coins in my collection.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
@Steven59 said:
I don't get it - obviously looks sanded - All they do now is have to AT it for some higher bids.
That was my first thought. Sandpaper it to wear it down and then carry it awhile with normal pocket change to give it some natural wear and color. Hard pass on that one.
Worry is the interest you pay on a debt you may not owe.
I can understand if people want to collect PO1 coins, but can not understand why they would pay so much for them. Crazy world. Off to make a few thousand poor 1 coins. I'll be mega rich by next week LOL.
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@gumby1234 said:
I can understand if people want to collect PO1 coins, but can not understand why they would pay so much for them. Crazy world. Off to make a few thousand poor 1 coins. I'll be mega rich by next week LOL.
I believe true P01's are somewhat rare and not easy to find.
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
You can always remove metal from a coin, but can't put it back on.
Since the price of these lowball coins has skyrocketed, It seems that the number of "unusually" worn coins showing up in slabs is increasing. I have absolutely no data or insight to support this, but something smells fishy.
I have been looking at all my change every day for decades, but have yet to see a clad coin approaching G4. I would expect the CRH people support this, yet there is a slabbed PO-01clad Kennedy half floating around. Natural circulation?? Can anybody, with a straight face say that this steel cent exhibits natural circulation??
I have no issues with people who like to collect lowballs. I'm sure there are things I collect that others would find boring. However, when there is money to be made, and manipulating the system is reasonably possible, somebody is going to take advantage of it.
@Oldhoopster said:
You can always remove metal from a coin, but can't put it back on.
Since the price of these lowball coins has skyrocketed, It seems that the number of "unusually" worn coins showing up in slabs is increasing. I have absolutely no data or insight to support this, but something smells fishy.
I have been looking at all my change every day for decades, but have yet to see a clad coin approaching G4. I would expect the CRH people support this, yet there is a slabbed PO-01clad Kennedy half floating around. Natural circulation?? Can anybody, with a straight face say that this steel cent exhibits natural circulation??
@Oldhoopster said:
You can always remove metal from a coin, but can't put it back on.
Since the price of these lowball coins has skyrocketed, It seems that the number of "unusually" worn coins showing up in slabs is increasing. I have absolutely no data or insight to support this, but something smells fishy.
I have been looking at all my change every day for decades, but have yet to see a clad coin approaching G4. I would expect the CRH people support this, yet there is a slabbed PO-01clad Kennedy half floating around. Natural circulation?? Can anybody, with a straight face say that this steel cent exhibits natural circulation??
I have no issues with people who like to collect lowballs. I'm sure there are things I collect that others would find boring. However, when there is money to be made, and manipulating the system is reasonably possible, somebody is going to take advantage of it.
Just my thoughts
Just as with toning if there is a buck to be made from meeting demand someone will make it, one way or another.
@Oldhoopster said:
You can always remove metal from a coin, but can't put it back on.
Since the price of these lowball coins has skyrocketed, It seems that the number of "unusually" worn coins showing up in slabs is increasing. I have absolutely no data or insight to support this, but something smells fishy.
I have been looking at all my change every day for decades, but have yet to see a clad coin approaching G4. I would expect the CRH people support this, yet there is a slabbed PO-01clad Kennedy half floating around. Natural circulation?? Can anybody, with a straight face say that this steel cent exhibits natural circulation??
Just my thoughts
Thanks @braddick . Do you know if that's 90% or clad?
How can it naturally wear in circulation to look like that? Rims are completely gone but the portrait still has a lot of raised area. Think about AG barbers.
Oh, and Kennedy halves are such workhorse coins in commerce.
braddick
Posts: 23,203 ✭✭✭✭✭
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So the challenge is for some knucklehead to send in another one? Peace Roy
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Love it!
https://www.ebay.com/mys/active
The price is hilarious!
Congratulations to the owner but my first thought was.... There's much to much meat on that bone for a P01! You would barely need to see the date and MM to tell it's a 43 steel cent.
If you had posted this coin here raw, why do I think everyone would say PMD. I'd just like to know how any TPG'er knows it's a true P01 and that it hasn't been intentionally manipulated or altered?
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
I know low ball coins have their following - and a strong one. I am not attracted to them, but do enjoy seeing some of these coins. Like errors, fun to see, but I do not collect them. Thanks for showing that one. Cheers, RickO
Nice cameo
The NGC price guide value of the cent is a WHOPPING $0.05. IF THIS IS OUTSIDE OF SOMEONES BUDGET- THE BUDGET MUST 1 CENT.
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I don't get it - obviously looks sanded - All they do now is have to AT it for some higher bids.
"When they can't find anything wrong with you, they create it!"
take off a couple zero's and still out of my range
Take off three '0's and it'll still be $24.95 overpriced.
fka renman95, Sep 2005, 7,000 posts
I saw this on eBay a while ago. Imagine what it's been through! Steel's really hard to wear down. I don't think the price is reasonable, but it's probably the hardest low-ball to obtain, so I think there are a few of people who would pay several hundred for it.
Young Numismatist
Love this steelie! Wow…not sure I’ve ever seen a P1. If the price wasn’t 25K too high, I’d be all over it.
Dave
Lowest grades reported in CoinFacts for 1943 Steel Cents
ONE (43-P) in AG3 in PCGS plastic.
Four (43-D) VF30...
One (43-S) VF25...
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I’d see them all the time when I was a kid. Just think if I only knew then what I know now.
Undergraded. Looks FA2 to me.
I would agree with your 2 but I'd consider the P01 in this situation, over graded. This P01 coin I believe would be worth much more then the same coin certified FA2.
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
Oh sure. In lowball land, undergraded coins are bad!
The advice I see here so very often is you should stretch for the coins that you will have a limited opportunity to buy. It seems to me that this coin is one you should stretch for.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Well, it looks like it's the only one. For NGC anyway.
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
The wear on that coin doesn’t look natural to me, but NGC thought otherwise.
I don’t understand the prices for this low ball stuff and never will. When I was a kid collector in the early 1960s, I was proud of the fact that I didn’t have any extremely low grade coins in my collection.
That was my first thought. Sandpaper it to wear it down and then carry it awhile with normal pocket change to give it some natural wear and color. Hard pass on that one.
Worry is the interest you pay on a debt you may not owe.
I can understand if people want to collect PO1 coins, but can not understand why they would pay so much for them. Crazy world. Off to make a few thousand poor 1 coins. I'll be mega rich by next week LOL.
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That price is way off base!
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
I believe true P01's are somewhat rare and not easy to find.
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
Waste of grading fees
The ebay listing "doesn't make cents", but it could make a lot of dollars for the seller! Just need to find someone with no sense...
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I have a few in better shape I could let go for a lot.................Les LOL
You can always remove metal from a coin, but can't put it back on.
Since the price of these lowball coins has skyrocketed, It seems that the number of "unusually" worn coins showing up in slabs is increasing. I have absolutely no data or insight to support this, but something smells fishy.
I have been looking at all my change every day for decades, but have yet to see a clad coin approaching G4. I would expect the CRH people support this, yet there is a slabbed PO-01clad Kennedy half floating around. Natural circulation?? Can anybody, with a straight face say that this steel cent exhibits natural circulation??
I have no issues with people who like to collect lowballs. I'm sure there are things I collect that others would find boring. However, when there is money to be made, and manipulating the system is reasonably possible, somebody is going to take advantage of it.
Just my thoughts
peacockcoins
Just as with toning if there is a buck to be made from meeting demand someone will make it, one way or another.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Thanks @braddick . Do you know if that's 90% or clad?
How can it naturally wear in circulation to look like that? Rims are completely gone but the portrait still has a lot of raised area. Think about AG barbers.
Oh, and Kennedy halves are such workhorse coins in commerce.
>
Can we see the entire slab?
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )