New to Lowballs. Are these worth submitting?
ProofCollection
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I was going to sell off some extra Morgan and Peace dollar bullion and realized that some of these might be good candidates for a lowball registry. I am new to lowballs. I don't want to collect them, I just want to know if it is worth it to have these graded or just to sell for junk prices. Looks like some can bring good money. Is the PCGS price guides accurate for P01s? Is it worth sending in anything other than P01s?
Coin 1: 1922 Peace. Will it grade as P01? Is this definitively a (P) and not a D or S? I don't see any hint of a MM but that doesn't mean there wasn't one there I guess. 
Coin 2: 1922 Peace. Will it grade as P01? Is this definitively a (P) and not a D or S? I don't see any hint of a MM but that doesn't mean there wasn't one there I guess. 
Coin 3: 1888-O (?) Need some help on this one. I think it's 1888-O, could be 1889-O based on MM.
Coin 4: Is this one too nice for P01? 1889-O Is it a details coin?
Coin 5: 1890-P - The scrape on the eagle - does anyone think PCGS won't Details this one? Very low PCGS pop for P01 (5) and P02 (4).
Comments
My guess on grades:
P01: Coin 2, Coin 5
FR2: Coin 1, 3, 4
From the images, it might be that rim issues will be too much to overcome for a straight grade on coins 2, 3 and 4 while coin 5 might have too severe a scrape. The best bet seems to be coin 1, but you have to be definitive about the mintmark.
In honor of the memory of Cpl. Michael E. Thompson
@ProofCollection
PO01's
for reference from PCGS Photograde https://www.pcgs.com/photograde#/Peace/Grades
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@ProofCollection- I don't know but there's a definite market for them. I would say; you're off to a great start!! 👍🏻
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
I’m a bit surprised that if you’ve had 40+ submissions this year alone, what’s already stopped you from submitting these?
Would it be a waste financially to get these graded? I'd need to net at least $50 each to break even and I think the 3 would grade FA2, and maybe one PO1. I'm pretty sure the last one would be details - scratch but I also wonder if that can be overlooked on a P01.
If none of them straight graded PO-1, it would probably be a waste.
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
As a very casual collector I grab them when I can, mostly other people have bigger wallets than I do so perhaps they are very worth submitting, likely a growing number of people out there who are trying to start or fill in a set, I am the sort who scavenges in the damaged listings looking for PCGS certified fillers I dont yet have and dont really worry about grade so much as "can I afford it if do so, do I already have one if so can I manage another? 😊 )
My unfamiliarity with the market. I just don't have a good feel for the lowball coin market. I see some go for hundreds of dollars but some do not. The price guides appear to be fairly useless for lowballs. I know PO1 can be valuable but how fast does it drop off - is FR2 or AG3 worthwhile? My other submissions generally pay for themselves or I know what I'm doing/getting. And for instance I don't know if "surface damage" is perhaps more tolerated on a PO coin vs an MS coin. These are coins that I can and will sell for junk value, $20-25ea-ish. I just don't want to put ~$25 into grading each of them and take a loss if any advice on here can keep me from doing that.
BTW, the high submission count is just a result of sending in a variety of coins at a time... Like a few restorations with a few moderns mixed with a few for in-slab photos with a few regular/economy coins and then I've had quite a few mechanical & submission errors to fix with PCGS which are done on their dime.
There is generally no premium for a Fair 2 or higher UNLESS there is no Poor1 available.
All comments reflect the opinion of the author, even when irrefutably accurate.
nothing ventured, nothing gained.....................
I would rather join with an army of sheep led by a lion, than an army of lions led by sheep.
Save your money. Sell them raw for any premium you can get and let someone else shoulder the expense and risk associated with the "lowball" game.