Low end coins- I don't get it?!?

krazyace5 · July 11, 2004 4:56AM

Whats up with the $1000 bounty for a junk coin? I don't get it.

airplanenut · July 11, 2004 5:00AM

Go and fine one--you'll understand.

ARCO · July 11, 2004 5:07AM

I am a bit lost. Do you mean that you don't understand the allure of why people buy and find coins attractive that sell for less than $1000?

Tyler

airplanenut · July 11, 2004 5:08AM

Tyler,

Braddick is offering $1000 for any PO01 Ike slabbed by PCGS.

braddick · July 11, 2004 5:09AM

Remember there are no stupid coins. Just stupid collectors.

krazyace5 · July 11, 2004 5:17AM

I guess I just don't understand, is it the plastic that has so much value, how will you ever get a return on your investment?

Are there other coins worth alot in a low grade PCGS holder?

braddick · July 11, 2004 5:31AM

<< I guess I just don't understand, is it the plastic that has so much value, how will you ever get a return on your investment? Are there other coins worth alot in a low grade PCGS holder? >>

See post directly above yours.

ksteelheader · July 11, 2004 5:34AM

krazyace5,

it has nothing to do with value. It has to do with a person getting and collecting what he or she enjoys! I personally am trying to get the lowest graded Accented Hair Kennedy half of all time! Why? Because that's what I want!

If people are really worried about value, now is the time to get the most value out of your coins by selling, as the market is beginning to soften, IMO!

Ken

FrattLaw · July 11, 2004 5:47AM

<< Braddick is offering $1000 for any PO01 Ike slabbed by PCGS. >>

Ah, the true b*stardization of the Registry "Game" and I actually mean that as a compliment!

Michael

ursabear · July 11, 2004 10:12AM

P.S. Try to find a P01 like he's requesting that's NOT AW...

P.P.S. "Artificial Wear"

Russ · July 11, 2004 10:30AM

<< I personally am trying to get the lowest graded Accented Hair Kennedy half of all time! >>

You have competition for that one.

Russ, NCNE

XpipedreamR · July 11, 2004 10:34AM

Yeah, what about the artificial wear factor? Isn't that like artificial toning?

cladking · July 11, 2004 10:37AM

Ah, to be young again. ...back when it was easy to wear out coins.

atarian · July 11, 2004 11:15AM

i got an 65 indian head that i think will grade at PO-01 im damn near positive of that. what do i have to do now. get it graded then claim my 1000$?

JRocco · July 11, 2004 11:27AM

<>
A large portion of my collection are coins and other things I enjoy, as to their "value" - well thats up to me. Here is a coin I love...what it is worth---I don't care, its my crying Lincoln.

Conder101 · July 11, 2004 5:20PM

<< how will you ever get a return on your investment? >>

What makes you think that those of us who collect these odd things (ultra-low grade, odd slab companies, sample slabs etc) care about return on investment? I understand Braddick's quest perfectly.

lordmarcovan · July 11, 2004 5:24PM

You forgot holed coins, Conder.

Psst! Anybody have a holed 1798 dollar?

Cladiator · July 11, 2004 5:33PM

bottom line...a coin (or anything for that matter) is worth whatever someone is willing to pay for it. regardless of what any book or list says. if someone pays 1000 for a worn down planchet then, to them, that is what it is worth. to each his own i say.

Conder101 · July 11, 2004 7:05PM

<< You forgot holed coins, Conder. >>

I said "etc".

Colorfulcoins · July 12, 2004 2:33AM

There's a beauty to worn coins - and a certain Rarity factor also. Like Pat and several others above, I also am one a quest for worn coins..like this Peace $1 - trying to find a 1922-1935 coin that will grade PO01 to replace a 1927 FR02 in my set......simple in comparison to to finding an Ike in PO01!

I can't afford to match Braddick's offer of $1000 for a PO01 Ike but I will gladly pay $100 for a 1946-1964 Roosevelt in PO01. Should be (one might think), alot easier than an Ike.

Outhaul · July 12, 2004 2:43AM

Many people don't understand exactly how difficult it really is to find a coin worn to PO-01 that will actually be holdered. Most have problems by the time they get to that point and would usually end up in a body-bag.

Cheers,

Bob

flaminio · July 12, 2004 2:46AM

<< Whats up with the $1000 bounty for a junk coin? I don't get it. >>

Quick search of eBay:

PCGS MS65 -- 677 hits
PCGS PO01 -- *0* hits

Which would you say is rarer -- a coin in a PCGS MS65 holder, or in a PCGS PO01 holder? Hence, the premium.

I understand it perfectly.

cladking · July 12, 2004 3:03AM

I collect the obsolete clad quarters in the lowest grade I can find. While I might
be hesitant to pay a big premium for a new down grade, it would certainly catch
my attention. Certainly low grade coins are as legitimate as love tokens, hobo
nickels, potty dollars and the like.

There is a real beauty in a coin that appears to have excelled at the job it was
made to do. Many coins, the typical clad quarters included, actually improve in
looks as they become extremely worn.

Low end coins- I don't get it?!?

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