@BillJones said:
If PR-01 is your thing, enjoy it. I will nothing to do with it.
I refuse to buy junk, and I think that PR--01 coins are junk.
It is tough, as a dealer, to throw the baby out with the bath water.
I asked a dealer for advice , once. He said. ” Don’t pass up a buy, because you never know …..”. I asked “”what ? “.
He said , “what you don’t know “.
Love tokens and family bracelets are another area of the market. It’s not for me, but those holed coins are okay.
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 ... ?
@coastaljerseyguy said:
I think classic coin slicks are cool, modern coins, esp those rarely seen in circulation, make me shake my head.
I would be suspicious of a slick modern coin. It takes a LOT of actual circulating to create a slick coin. And, I doubt coins circulate much today compared to even, say, 30 years ago.
I would be suspicious of a slick modern coin. It takes a LOT of actual circulating to create a slick coin. And, I doubt coins circulate much today compared to even, say, 30 years ago.
Thank goodness the experts at PCGS (and NGC) have a different opinion.
Here are a few of my favorite Lowball Eisenhower dollars:
Wow! This thread is old enough to vote, get married and enter a legal contract!! LOL!!
Thank You @BillJones for the interesting lesson on Political and Love Tokens. I am always impressed with your knowledge and the breadth and scope of your collection!
For me Lowballs and Holed coins embody everything that I DON'T want. It is unfathomable to me to pay additional money or premiums for them.
To each their own (I suppose)...I guess that leaves more nice, high end coins for me.
I agree in that artificial wear can be detected.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
I would be suspicious of a slick modern coin. It takes a LOT of actual circulating to create a slick coin. And, I doubt coins circulate much today compared to even, say, 30 years ago.
Thank goodness the experts at PCGS (and NGC) have a different opinion.
Here are a few of my favorite Lowball Eisenhower dollars:
I stand by my comment. About modern slicks. BTW I didn’t say that modern slicks didn’t exist, only that one should be wary - I imagine these are offered raw. Hard to believe an Ike could wear to that extent. However, I have heard that some US dollar coins are/were heavily circulated in certain foreign countries.
I stand by my comment. About modern slicks. BTW I didn’t say that modern slicks didn’t exist, only that one should be wary - I imagine these are offered raw. Hard to believe an Ike could wear to that extent. However, I have heard that some US dollar coins are/were heavily circulated in certain foreign countries.
Sage advice. One should be wary.
Sadly, in this day and age that would apply to all series within all grades and types/varieties.
@DoubleEagle59 said:
"idiots" is very strong, but I agree that I have never understood the high value in low grade coins.
To me, it's like collecting the rustiest classic car or the stamp with the heaviest cancel and with the most torn perforations.
There are just so many aspects and variables to coin collecting. A true straight graded PO-1 is a challenge to find. I think I saw somewhere here once, a guy putting together a complete 7070 with all graded PO-1's.
@DoubleEagle59 said:
"idiots" is very strong, but I agree that I have never understood the high value in low grade coins.
To me, it's like collecting the rustiest classic car or the stamp with the heaviest cancel and with the most torn perforations.
Apart from Registry contestants, I think the appeal is like “if this coin could talk…”. A classic well-used coin is a tangible link to another era. I don’t collect them, but I get it, at least the classics. Paying a premium must be driven solely by the registries, especially for worn coins that are newer than one’s oldest shoes.
Most Poor-1 or “slicks” are pocket pieces. They did get that way via circulation for the part. It takes constant rubbing not sitting in a cash drawer or passing hand to hand every few days. If the pocket pieces speak to your, “If this coin could talk,” interests, then enjoy them.
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 ... ?
@BillJones said:
Most Poor-1 or “slicks” are pocket pieces. They did get that way via circulation for the part. It takes constant rubbing not sitting in a cash drawer or passing hand to hand every few days. If the pocket pieces speak to your, “If this coin could talk,” interests, then enjoy them.
Imagination is a wonderful thing, and we can only guess where these coins spent their time. The lowball registries include cents. nickels, etc. Hard to imagine anyone carrying a cent or a dime, for example, as a pocket piece.
I don’t begrudge collectors their individual passions yet I don’t understand pursuing the most worn coins eligible for a grade. I also don’t get the inverse logic of seeking CAC’d versions.
Seated Half Society member #38
"She comes out of the sun in a silk dress, running like a water color in the rain...."
This thread has been interesting to read and sort of surprising. Most people got so focused on “idiots” that they missed what I believe was the whole point. At the time it was started, 2008, the AT/NT debate was still raging and I think the OP was simply comparing that to the PO-1 fad that got started: to wit, coins can be toned artificially and coins can be worn artificially. Both can fool the TPG’s.
I remember almost 20 years ago that collectors stumbled onto media tumblers as the fastest way to get the AW - - - Artificial Wear.
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety," --- Benjamin Franklin
@Maywood said:
This thread has been interesting to read and sort of surprising. Most people got so focused on “idiots” that they missed what I believe was the whole point. At the time it was started, 2008, the AT/NT debate was still raging and I think the OP was simply comparing that to the PO-1 fad that got started: to wit, coins can be toned artificially and coins can be worn artificially. Both can fool the TPG’s.
I remember almost 20 years ago that collectors stumbled onto media tumblers as the fastest way to get the AW - - - Artificial Wear.
I’m surprised that any TPG will straight grade a 40% clad half in poor or ag condition. No way did that coin “circulate” for 40-50 years after being minted. To this day I have never received a silver or clad Kennedy half in change.
@Maywood said:
This thread has been interesting to read and sort of surprising. Most people got so focused on “idiots” that they missed what I believe was the whole point. At the time it was started, 2008, the AT/NT debate was still raging and I think the OP was simply comparing that to the PO-1 fad that got started: to wit, coins can be toned artificially and coins can be worn artificially. Both can fool the TPG’s.
I remember almost 20 years ago that collectors stumbled onto media tumblers as the fastest way to get the AW - - - Artificial Wear.
@vulcanize said:
I have the 52k mintage 1916 SLQ (reports indicate only 10k survive today) which is in a PCGS slab - graded PO-01 and with a green bean CAC sticker.
Lady liberty with her bosom partly exposed has albeit worn down considerably (understandable for someone 110 years old),
She is still striking a pose (the coin is tilted inside the slab)
Edited to add pics
I have to love a P01 coin with a CAC sticker! It almost seems like an oxymoron!
@vulcanize said:
I have the 52k mintage 1916 SLQ (reports indicate only 10k survive today) which is in a PCGS slab - graded PO-01 and with a green bean CAC sticker.
Lady liberty with her bosom partly exposed has albeit worn down considerably (understandable for someone 110 years old),
She is still striking a pose (the coin is tilted inside the slab)
Edited to add pics
I have to love a P01 coin with a CAC sticker! It almost seems like an oxymoron!
Does a gold CAC sticker hurt the value of a PO-01 coin?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
There are some issues (Morgan CC dollars come to mind) that were essentially not circulated. They were bagged & stored in vaults shortly after minting.
A 1885-CC $1 in P01 is virtually the same price as a MS60 - only a bit less! It was a rare occurrence then & now for one of those to see circulation, let alone enough to grade P01!
I think PO-1 coins appeal to collectors because of the rarity. Most of the coins in that grade were melted for the silver before they were even graded, hence the rarity. It is a gamble to try and get a PO-1 grade, because if it comes back as a good or low grade like that you probably just spent more than that coins is now worth because it did not get the PO-1.
As for spotting fakes look for scratches from sanding with some material, and the coins have to get through the 3rd party graders without the altered coin designation.
So collecting PO-1 grade coins is just another challenge in the great hobby of coin collecting.
So I don't think anyone is an idiot because they collect what they want and like.
@DoubleEagle59 said:
"idiots" is very strong, but I agree that I have never understood the high value in low grade coins.
To me, it's like collecting the rustiest classic car or the stamp with the heaviest cancel and with the most torn perforations.
There are just so many aspects and variables to coin collecting. A true straight graded PO-1 is a challenge to find. I think I saw somewhere here once, a guy putting together a complete 7070 with all graded PO-1's.
Sure. But it's also hard to find a corvette that was dimpled with golf ball sized hail. Lol. I wouldn't pay a premium.
In the stamp community, there are people that only collect used stamps because they represent actual postal usage. One could claim the same preference for coins and refuse to collect uncirculated coins, NCLT, and proof coins. There are even stamps that have a higher value when postally used (contemporary) because they were hardly ever used. HOWEVER, I don't know any other collectible where there are large premiums attached to the lowest graded examples, except maybe disaster mail, e.g. burned letters from the Hindenburg.
All comments reflect the opinion of the author, even when irrefutably accurate.
@Maywood said:
This thread has been interesting to read and sort of surprising. Most people got so focused on “idiots” that they missed what I believe was the whole point. At the time it was started, 2008, the AT/NT debate was still raging and I think the OP was simply comparing that to the PO-1 fad that got started: to wit, coins can be toned artificially and coins can be worn artificially. Both can fool the TPG’s.
I remember almost 20 years ago that collectors stumbled onto media tumblers as the fastest way to get the AW - - - Artificial Wear.
I think AW is far easier to detect than AT. It is very difficult to mimic actual wear. Your tumbler would need to have leather and skin and sweat in it. Lol. It's hard to run a coin through a tumbler and not have it end up polished.
All comments reflect the opinion of the author, even when irrefutably accurate.
@Maywood said:
This thread has been interesting to read and sort of surprising. Most people got so focused on “idiots” that they missed what I believe was the whole point. At the time it was started, 2008, the AT/NT debate was still raging and I think the OP was simply comparing that to the PO-1 fad that got started: to wit, coins can be toned artificially and coins can be worn artificially. Both can fool the TPG’s.
I remember almost 20 years ago that collectors stumbled onto media tumblers as the fastest way to get the AW - - - Artificial Wear.
I think AW is far easier to detect than AT. It is very difficult to mimic actual wear. Your tumbler would need to have leather and skin and sweat in it. Lol. It's hard to run a coin through a tumbler and not have it end up polished.
Several months ago, I remember that someone showed a pic of a PCGS slabbed low-ball coin that was detailed graded with a notation on the label that said "Artificial Wear".
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@Franklin_Fan said:
I think PO-1 coins appeal to collectors because of the rarity. Most of the coins in that grade were melted for the silver before they were even graded, hence the rarity. It is a gamble to try and get a PO-1 grade, because if it comes back as a good or low grade like that you probably just spent more than that coins is now worth because it did not get the PO-1.
As for spotting fakes look for scratches from sanding with some material, and the coins have to get through the 3rd party graders without the altered coin designation.
So collecting PO-1 grade coins is just another challenge in the great hobby of coin collecting.
So I don't think anyone is an idiot because they collect what they want and like.
If a collector wants to collect common coins that are in poor-1, then go for it. To each their own. Over the years, I have got a few kids as well as some grown ups into collecting coins. One thing that I have never done and won’t do is show them a slick item. A Seated quarter, an early large cent, or a Barber quarter with only few letters visible would be a turn off. Show them a VG or better example and their eyes light up. Their jaws drop when I show them a state colonial or a piece of Massachusetts silver, especially now as we approach our 250th. They get the same rush as I did when I first saw those items. Then I will tell them about the coins and their history. I still remember the first time that I held a Seated quarter.
Several months ago, I remember that someone showed a pic of a PCGS slabbed low-ball coin that was detailed graded with a notation on the label that said "Artificial Wear".
If there was ever a case for simply a “genuine” label…,,,
@Franklin_Fan said:
I think PO-1 coins appeal to collectors because of the rarity. Most of the coins in that grade were melted for the silver before they were even graded, hence the rarity. It is a gamble to try and get a PO-1 grade, because if it comes back as a good or low grade like that you probably just spent more than that coins is now worth because it did not get the PO-1.
As for spotting fakes look for scratches from sanding with some material, and the coins have to get through the 3rd party graders without the altered coin designation.
So collecting PO-1 grade coins is just another challenge in the great hobby of coin collecting.
So I don't think anyone is an idiot because they collect what they want and like.
If a collector wants to collect common coins that are in poor-1, then go for it. To each their own. Over the years, I have got a few kids as well as some grown ups into collecting coins. One thing that I have never done and won’t do is show them a slick item. A Seated quarter, an early large cent, or a Barber quarter with only few letters visible would be a turn off. Show them a VG or better example and their eyes light up. Their jaws drop when I show them a state colonial or a piece of Massachusetts silver, especially now as we approach our 250th. They get the same rush as I did when I first saw those items. Then I will tell them about the coins and their history. I still remember the first time that I held a Seated quarter.
When I was a kid, standing Liberty quarters and buffalo nickels without dates were a common thing, and always a disappontment.
@DoubleEagle59 said:
"idiots" is very strong, but I agree that I have never understood the high value in low grade coins.
To me, it's like collecting the rustiest classic car or the stamp with the heaviest cancel and with the most torn perforations.
There are just so many aspects and variables to coin collecting. A true straight graded PO-1 is a challenge to find. I think I saw somewhere here once, a guy putting together a complete 7070 with all graded PO-1's.
I would be wary of putting money into items that don’t necessarily have ability to maintain long term value. High grade certified PCGS coins will always be in demand and retain all or much of their value over time
I'm still wondering how people "wear down" coins; I asked at a shop whether baking soda or polishing compound would bring a coin that had ugly surfaces to market acceptable at a lower level and he said you'd just get scratched looking surfaces. Maybe I'll try some pocket change.
@Catbert said:
I don’t begrudge collectors their individual passions yet I don’t understand pursuing the most worn coins eligible for a grade. I also don’t get the inverse logic of seeking CAC’d versions.
@DoubleEagle59 said:
"idiots" is very strong, but I agree that I have never understood the high value in low grade coins.
To me, it's like collecting the rustiest classic car or the stamp with the heaviest cancel and with the most torn perforations.
There are just so many aspects and variables to coin collecting. A true straight graded PO-1 is a challenge to find. I think I saw somewhere here once, a guy putting together a complete 7070 with all graded PO-1's.
I would be wary of putting money into items that don’t necessarily have ability to maintain long term value. High grade certified PCGS coins will always be in demand and retain all or much of their value over time
That's just a guess on your part.
All comments reflect the opinion of the author, even when irrefutably accurate.
If I'm reading the pop report right, there are 57 FR1 & FR2 1964 Kennedy halfs but zero 1964 Washington quarters.
How does that happen? Neither saw much circulation but the quarters definitely saw more than the halfs, which pretty much got put away as soon as they were received.
@MasonG said:
If I'm reading the pop report right, there are 57 FR1 & FR2 1964 Kennedy halfs but zero 1964 Washington quarters.
How does that happen? Neither saw much circulation but the quarters definitely saw more than the halfs, which pretty much got put away as soon as they were received.
@MasonG said:
If I'm reading the pop report right, there are 57 FR1 & FR2 1964 Kennedy halfs but zero 1964 Washington quarters.
How does that happen? Neither saw much circulation but the quarters definitely saw more than the halfs, which pretty much got put away as soon as they were received.
Half dollars made better pocket pieces?
Maybe. But why would you stop carrying it just when there was still enough of the design to get a grade? Wouldn't it make more sense to keep carrying it until it was slick? And then, carry it some more. You know- since it was a pocket piece...
Back when slot machines accepted/paid out coins wonder if their repetitiveness use caused some coins to wear sooner, thereby helping the pocket piece process along.
Coins were loaded,paid out,cashed in. Then repeated etc.
Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
@MasonG said:
If I'm reading the pop report right, there are 57 FR1 & FR2 1964 Kennedy halfs but zero 1964 Washington quarters.
How does that happen? Neither saw much circulation but the quarters definitely saw more than the halfs, which pretty much got put away as soon as they were received.
Half dollars were used extensively in Las Vegas at the blackjack and poker tables. Blackjack pays 3:2. If someone bets $5 they would win $7.50. In poker they were either the ante or rake.
@DoubleEagle59 said:
"idiots" is very strong, but I agree that I have never understood the high value in low grade coins.
To me, it's like collecting the rustiest classic car or the stamp with the heaviest cancel and with the most torn perforations.
There are just so many aspects and variables to coin collecting. A true straight graded PO-1 is a challenge to find. I think I saw somewhere here once, a guy putting together a complete 7070 with all graded PO-1's.
I would be wary of putting money into items that don’t necessarily have ability to maintain long term value. High grade certified PCGS coins will always be in demand and retain all or much of their value over time
That's just a guess on your part.
Why? I am employing logic. Collecting PO-1 is like investing in Dutch tulips or crypto
Comments
I believe we used to call these “slicks”. They have a certain charm. Might be fun in an album, but I would never buy one graded.
I think classic coin slicks are cool, modern coins, esp those rarely seen in circulation, make me shake my head.
Imagine the envy of FR-02 collectors. The “almost made it” crowd.
``https://ebay.us/m/KxolR5
Love tokens and family bracelets are another area of the market. It’s not for me, but those holed coins are okay.
I would be suspicious of a slick modern coin. It takes a LOT of actual circulating to create a slick coin. And, I doubt coins circulate much today compared to even, say, 30 years ago.
Thank goodness the experts at PCGS (and NGC) have a different opinion.
Here are a few of my favorite Lowball Eisenhower dollars:
Wow! This thread is old enough to vote, get married and enter a legal contract!! LOL!!
Thank You @BillJones for the interesting lesson on Political and Love Tokens.
I am always impressed with your knowledge and the breadth and scope of your collection!
For me Lowballs and Holed coins embody everything that I DON'T want. It is unfathomable to me to pay additional money or premiums for them.
To each their own (I suppose)...I guess that leaves more nice, high end coins for me.
I agree in that artificial wear can be detected.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Just another of the innumerable screeds detailing how and what people "should" collect.
Now listen boy, I'm tryin' to teach you sumthin' . . . . that ain't an optical illusion, it only looks like an optical illusion.
My mind reader refuses to charge me. . . . . . .
Another thread comes back from the dead....
I have no idea how to artificially wear any coin down to get straight certified.
There are plenty of PO-1 coins I would love to have, as some coins you really want you just can't afford a high grade.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
I stand by my comment. About modern slicks. BTW I didn’t say that modern slicks didn’t exist, only that one should be wary - I imagine these are offered raw. Hard to believe an Ike could wear to that extent. However, I have heard that some US dollar coins are/were heavily circulated in certain foreign countries.
Sage advice. One should be wary.
Sadly, in this day and age that would apply to all series within all grades and types/varieties.
"idiots" is very strong, but I agree that I have never understood the high value in low grade coins.
To me, it's like collecting the rustiest classic car or the stamp with the heaviest cancel and with the most torn perforations.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
There are just so many aspects and variables to coin collecting. A true straight graded PO-1 is a challenge to find. I think I saw somewhere here once, a guy putting together a complete 7070 with all graded PO-1's.
Collect what makes you happy and preferably do it with without insulting others.
Apart from Registry contestants, I think the appeal is like “if this coin could talk…”. A classic well-used coin is a tangible link to another era. I don’t collect them, but I get it, at least the classics. Paying a premium must be driven solely by the registries, especially for worn coins that are newer than one’s oldest shoes.
Most Poor-1 or “slicks” are pocket pieces. They did get that way via circulation for the part. It takes constant rubbing not sitting in a cash drawer or passing hand to hand every few days. If the pocket pieces speak to your, “If this coin could talk,” interests, then enjoy them.
Imagination is a wonderful thing, and we can only guess where these coins spent their time. The lowball registries include cents. nickels, etc. Hard to imagine anyone carrying a cent or a dime, for example, as a pocket piece.
Check out my Lafayette Dollar grading set. PO01-AU58
Lafayette Grading Set
I don’t begrudge collectors their individual passions yet I don’t understand pursuing the most worn coins eligible for a grade. I also don’t get the inverse logic of seeking CAC’d versions.
"She comes out of the sun in a silk dress,
running like a water color in the rain...."
I have the 52k mintage 1916 SLQ (reports indicate only 10k survive today) which is in a PCGS slab - graded PO-01 and with a green bean CAC sticker.
Lady liberty with her bosom partly exposed has albeit worn down considerably (understandable for someone 110 years old),
She is still striking a pose (the coin is tilted inside the slab)
Edited to add pics
https://www.pcgs.com/setregistry/u-s-coins/quarters/PCGS-2020-quarter-quest/album/247091
If this thread were a person it would be old enough to vote
This thread has been interesting to read and sort of surprising. Most people got so focused on “idiots” that they missed what I believe was the whole point. At the time it was started, 2008, the AT/NT debate was still raging and I think the OP was simply comparing that to the PO-1 fad that got started: to wit, coins can be toned artificially and coins can be worn artificially. Both can fool the TPG’s.
I remember almost 20 years ago that collectors stumbled onto media tumblers as the fastest way to get the AW - - - Artificial Wear.
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety," --- Benjamin Franklin
I’m surprised that any TPG will straight grade a 40% clad half in poor or ag condition. No way did that coin “circulate” for 40-50 years after being minted. To this day I have never received a silver or clad Kennedy half in change.
Lowball guys:
Have the TPG’s eliminated graded AW’s?
I have to love a P01 coin with a CAC sticker! It almost seems like an oxymoron!
Does a gold CAC sticker hurt the value of a PO-01 coin?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
There are some issues (Morgan CC dollars come to mind) that were essentially not circulated. They were bagged & stored in vaults shortly after minting.
A 1885-CC $1 in P01 is virtually the same price as a MS60 - only a bit less! It was a rare occurrence then & now for one of those to see circulation, let alone enough to grade P01!
“The thrill of the hunt never gets old”
PCGS Registry: Screaming Eagles
Copperindian
Copperindian II
Indy Eagles
Gold Rush
Retired sets: Soaring Eagles
Copperindian
Nickelodeon
Early Walkers
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I think PO-1 coins appeal to collectors because of the rarity. Most of the coins in that grade were melted for the silver before they were even graded, hence the rarity. It is a gamble to try and get a PO-1 grade, because if it comes back as a good or low grade like that you probably just spent more than that coins is now worth because it did not get the PO-1.
As for spotting fakes look for scratches from sanding with some material, and the coins have to get through the 3rd party graders without the altered coin designation.
So collecting PO-1 grade coins is just another challenge in the great hobby of coin collecting.
So I don't think anyone is an idiot because they collect what they want and like.
Sure. But it's also hard to find a corvette that was dimpled with golf ball sized hail. Lol. I wouldn't pay a premium.
In the stamp community, there are people that only collect used stamps because they represent actual postal usage. One could claim the same preference for coins and refuse to collect uncirculated coins, NCLT, and proof coins. There are even stamps that have a higher value when postally used (contemporary) because they were hardly ever used. HOWEVER, I don't know any other collectible where there are large premiums attached to the lowest graded examples, except maybe disaster mail, e.g. burned letters from the Hindenburg.
All comments reflect the opinion of the author, even when irrefutably accurate.
I think AW is far easier to detect than AT. It is very difficult to mimic actual wear. Your tumbler would need to have leather and skin and sweat in it. Lol. It's hard to run a coin through a tumbler and not have it end up polished.
All comments reflect the opinion of the author, even when irrefutably accurate.
Several months ago, I remember that someone showed a pic of a PCGS slabbed low-ball coin that was detailed graded with a notation on the label that said "Artificial Wear".
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
If a collector wants to collect common coins that are in poor-1, then go for it. To each their own. Over the years, I have got a few kids as well as some grown ups into collecting coins. One thing that I have never done and won’t do is show them a slick item. A Seated quarter, an early large cent, or a Barber quarter with only few letters visible would be a turn off. Show them a VG or better example and their eyes light up. Their jaws drop when I show them a state colonial or a piece of Massachusetts silver, especially now as we approach our 250th. They get the same rush as I did when I first saw those items. Then I will tell them about the coins and their history. I still remember the first time that I held a Seated quarter.
Depends on the coin...
https://www.ebay.com/itm/178153843529?_skw=1793+chain+cent&itmmeta=01KV0RTSSQ5MKDTAAKB9RMBZF3&hash=item297acbeb49:g:yNYAAeSwPmNqD1vH&itmprp=enc:AQALAAAA8GfYFPkwiKCW4ZNSs2u11xAr73qDV93QWGWPr89LXj861RLcMlYQANpNT+metj6C5UVdNybZCMwZOvDa15IN/nYw5Y7wzNWS9VymSs56M2YbqfuEKvqan0izeRRJLRMPj9YDSBuzqUCvz81VUC9bXjAuLlNDBGpwOsSaWTaFMUmHc/EzyJ+EfgLMWP/c6zTp11cVCD7b34n4AepiRCWvjGfWX01noyw6ahaVJo4Kl+UtMqy6rmjrzY6r29IGK2AiLs2VtQYeksNqxqvqGSac8/vLDLCxSV6vReK51QvdfXxNjehPvyZrwl2XfnuoGsL2CQ==|tkp:Bk9SR_ac65jYZw
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Any chain cent carries some serious history.
If there was ever a case for simply a “genuine” label…,,,
Non Sequitur..............your facts are uncoordinated.
Nomad
Jackson Roykirk, excellent!!
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety," --- Benjamin Franklin
When I was a kid, standing Liberty quarters and buffalo nickels without dates were a common thing, and always a disappontment.
I would be wary of putting money into items that don’t necessarily have ability to maintain long term value. High grade certified PCGS coins will always be in demand and retain all or much of their value over time
I'm still wondering how people "wear down" coins; I asked at a shop whether baking soda or polishing compound would bring a coin that had ugly surfaces to market acceptable at a lower level and he said you'd just get scratched looking surfaces. Maybe I'll try some pocket change.
I think that this does not make me a complete idiot. Have fun!
Wayne
Kennedys are my quest...
What about the logic of a CAC'd PO-01 set.
That's just a guess on your part.
All comments reflect the opinion of the author, even when irrefutably accurate.
If I'm reading the pop report right, there are 57 FR1 & FR2 1964 Kennedy halfs but zero 1964 Washington quarters.
How does that happen? Neither saw much circulation but the quarters definitely saw more than the halfs, which pretty much got put away as soon as they were received.
Half dollars made better pocket pieces?
Maybe. But why would you stop carrying it just when there was still enough of the design to get a grade? Wouldn't it make more sense to keep carrying it until it was slick? And then, carry it some more. You know- since it was a pocket piece...
Back when slot machines accepted/paid out coins wonder if their repetitiveness use caused some coins to wear sooner, thereby helping the pocket piece process along.
Coins were loaded,paid out,cashed in. Then repeated etc.
Half dollars were used extensively in Las Vegas at the blackjack and poker tables. Blackjack pays 3:2. If someone bets $5 they would win $7.50. In poker they were either the ante or rake.
Why? I am employing logic. Collecting PO-1 is like investing in Dutch tulips or crypto