$1,500.00 Reward: 1970-D Kennedy.

braddick · August 5, 2004 6:08AM

No one was able to take me up on my offer of $1,000.00 for a PCGS PO01 Ike although I did score with an NGC FA02. I've decided to raise the stakes a bit. Here's the deal:
Find me a PO01 PCGS 1970-D Kennedy, or even an NGC PO01 1970-D Kennedy and I'll buy it from you for $1,500.00. I don't care how you get it to "PO01". Artifical Wear, I don't care. Rock tumbler? Bust it out. As long as PCGS (or, NGC) holders it (and lists it with a correct certification number) I'll buy it from you at the pricetag of $1,500.00. This offer is available to the first obtained in in the grade. If subsequent PO01 1970-D Kennedies turn up I'll pay $100.00 each, up to ten.

Even if it comes back a FA02, I'll buy it at $500.00. An AG03 will bring a $400.00 reward and a GD04 a $300.00 price with a VG08 paying out $200.00.

Now, like the "PO01 Ike Challenge", I'll give you five months to find the coin or to "make" the coin and get it holdered.

Good luck!

kieferscoins · August 5, 2004 6:10AM

This sounds like a buy ad. Wrong forum?

What an evil scheme to destroy the pops for a certain date

Cameron Kiefer

Gonfunko · August 5, 2004 6:12AM

Somebody should start selling rock tumblers on this forum...

ScarsdaleCoin · August 5, 2004 6:23AM

What do you think we are stupid...selling you a PO01 for only $ 1,500....that would be a pop 1 coin....you would be able to sell a pop 1 coin for tens of thousands of dollars.....

braddick · August 5, 2004 6:25AM

<< What do you think we are stupid...selling you a PO01 for only $ 1,500....that would be a pop 1 coin....you would be able to sell a pop 1 coin for tens of thousands of dollars.....

>>

Ahhh... no way of knowing if it would be a POP ONE coin as PCGS doesn't keep track of coins in their population reports at grades under VG08!

DominusDeus · August 5, 2004 6:38AM

I don't even have a 1970-D kennedy.

K6AZ · August 5, 2004 6:45AM

Pat, if you are serious, how many would you like? I'll get my tumbler out of storage.

Colorfulcoins · August 5, 2004 6:48AM

1922Grant · August 5, 2004 10:02AM

Good Luck in finding such a coin

JamminJ · August 5, 2004 10:05AM

These forums are much more fun with Braddick around. Good luck on your hunt, I hope one turns up.

-JamminJ

RBinTex · August 5, 2004 11:12AM

"... no way of knowing if it would be a POP ONE coin as PCGS doesn't keep track of coins in their population reports at grades under VG08!"

Actually, if you entered it in a registry set & then looked at the set the pop WOULD show - no matter what the grade. Also, unfortunately, in the pop report, they - as you most probably know - combine all grades from VG8-VF35 without any breakdown whatsoever. This in fact might lead to another interesting topic:

How can a public company get away with not FULLY DISCLOSING the pop of EVERY coin graded - especially when NGC & ANACS do it (for almost all coins/grades) for the coins that they grade. They (NGC & ANACS) even report pops for errors & obscure varieties (of course ANACS needs to get into the 20th - yes 20th as they're still in the 19th as far as technology is concerned - century & get theirs online). IMHO the GOAL should be to FULLY DISCLOSE to the coin market the pops of ALL coins graded as the more informed people are and the more transparent the market is the more participants the market will have & thereby benefit the vast majority of coin buyers/holders/sellers.

lathmach · August 5, 2004 11:26AM

The U.S. Mint uses leather to artifically wear coins in conducting tests on coin designs. I think the coins are put between pieces of leather that is mechanically kept moving to create the type of wear experienced in normal circulation.
Ok, guys. Now you know the process, Here's a chance to make some money.

Ray

sliderider · August 30, 2004 3:58PM

Hey do NET graded coins in ANACS holders count? I can get one down to PO01 with a power sander but PCGS and NGC wouldn't holder it because it was damaged.

kieferscoins · August 30, 2004 10:27PM

<< Hey do NET graded coins in ANACS holders count? I can get one down to PO01 with a power sander but PCGS and NGC wouldn't holder it because it was damaged >>

Do you think they would count? No. Otherwise everyone would do it.

Cameron Kiefer

hamiltonjh · August 30, 2004 10:33PM

why a PO01? What am i missing here. Is it the buy for $1,500 and turn around for massive profit or am I just stupid (probably) and missing something here.

I dont know anything about Kennedies....is '70-D significant for some reason, especially in PO01?

dorkkarl · August 30, 2004 10:34PM

what would you gimme for xf details holed, bent, net po-1 ?

K S

byergo · August 30, 2004 10:56PM

Braddick,
I don't understand the thought process of paying $1,500 for a PCGS 01 Kennedy (or any other common modern). Care to elaborate? Not bashing, just want to understand where you are coming from!

Gonfunko · August 30, 2004 11:03PM

In short, because it is a modern, it's uber-rare in such a condition, and is a pop 1 coin most likely. It's the complete reversal of the "Pop-Top" collectors...what I refer to as "Pop-Drop" collecting.

Shamika · August 30, 2004 11:14PM

<< why a PO01? What am i missing here. Is it the buy for $1,500 and turn around for massive profit or am I just stupid (probably) and missing something here.

I dont know anything about Kennedies....is '70-D significant for some reason, especially in PO01? >>

hamiltonjh,
Braddick was dropped on his head as a baby so you'll have to excuse him.

Seriously, these ultra-low grade coins are rarer than the ultra-high grades and are harder to "make". Very few coins can even make it to such dreadful condition, but to actually get them in a slab is virtually impossible. PCGS and NGC will almost always body bag these coins as being damaged.

And remember, coin collecting is, for some people, more about the hunt than the coin. I'll vouch for that.

earlwbollinger · August 31, 2004 12:18AM

That's going to be tough.
I had gotten a couple of hundred dollars worth of halves from the bank recently,
and they were all simply beaten to death in the slot machines.
Even the AU coins were in pretty bad shape.

How long would I have to carry a half around in my pocket to get it worn down to Poor or Fair condition?

hamiltonjh · August 31, 2004 12:21AM

<< 

<< why a PO01? What am i missing here. Is it the buy for $1,500 and turn around for massive profit or am I just stupid (probably) and missing something here.

I dont know anything about Kennedies....is '70-D significant for some reason, especially in PO01? >>

hamiltonjh,
Braddick was dropped on his head as a baby so you'll have to excuse him.

Seriously, these ultra-low grade coins are rarer than the ultra-high grades and are harder to "make". Very few coins can even make it to such dreadful condition, but to actually get them in a slab is virtually impossible. PCGS and NGC will almost always body bag these coins as being damaged.

And remember, coin collecting is, for some people, more about the hunt than the coin. I'll vouch for that. >>

Very reasonable explination, thanks. especially the dropping on the head part. I can relate to that.....
I was wondering if I missed something, which is ALWAYS possible.

and probable.

EagleEye · August 31, 2004 2:39AM

Too bad, I just cracked mine out for the upgrade potential. It's a shot 4!

blastpak · September 16, 2004 8:05AM

I've got a 1970 D here...prob a 61-64 Raw. What's it worth?

dthigpen · September 16, 2004 8:11AM

<< I've got a 1970 D here...prob a 61-64 Raw. What's it worth? >>

Much less than $1500

Craton · September 16, 2004 8:11AM

On such a low grade coin would the tiny little mint mark even show?

Coinhusker1 · September 16, 2004 8:19AM

Why do you need a 70-D (only sold in mint sets, not generally circulated), where for the Ikes you just needed a generic date (and not a 73)? I'd rather someone tumble a 69-D to PO01 instead. Don't you just need a type coin?

DesertRat · September 16, 2004 8:22AM

Why do you need a 70-D (only sold in mint sets, not generally circulated), where for the Ikes you just needed a generic date (and not a 73)? I'd rather someone tumble a 69-D to PO01 instead. Don't you just need a type coin?

I believe Braddick is the ultimate collector of PO01 coins.

FatMan · September 16, 2004 12:54PM

braddick, your killing me. You have single-handedly brought the search for low grade coins to a new level.

fishcooker · September 16, 2004 12:59PM

Heck I get uncirc. 1971's from the bank. How could anyone know what a legitimate PO1 Kennedy looks like?

braddick · November 18, 2004 7:07AM

Between Craig and myself here's a way of turning about $5.00 worth of pocket change into $10,000.00+ !

bballboy · November 18, 2004 8:51AM

I have a 70-D in about 65

coinman23885 · February 6, 2012 7:04AM

<< No one was able to take me up on my offer of $1,000.00 for a PCGS PO01 Ike although I did score with an NGC FA02. I've decided to raise the stakes a bit. Here's the deal:
Find me a PO01 PCGS 1970-D Kennedy, or even an NGC PO01 1970-D Kennedy and I'll buy it from you for $1,500.00. I don't care how you get it to "PO01". Artifical Wear, I don't care. Rock tumbler? Bust it out. As long as PCGS (or, NGC) holders it (and lists it with a correct certification number) I'll buy it from you at the pricetag of $1,500.00. This offer is available to the first obtained in in the grade. If subsequent PO01 1970-D Kennedies turn up I'll pay $100.00 each, up to ten.

Even if it comes back a FA02, I'll buy it at $500.00. An AG03 will bring a $400.00 reward and a GD04 a $300.00 price with a VG08 paying out $200.00.

Now, like the "PO01 Ike Challenge", I'll give you five months to find the coin or to "make" the coin and get it holdered.

Good luck! >>

Is this offer still good? I'm just curious.

seanq · February 6, 2012 7:08AM

Five months... eight years... eh, who's counting?

Sean Reynolds

GoldClause · February 6, 2012 7:12AM

LOL

braddick · February 6, 2012 7:14AM

"Is the offer still good?"
________
Whatcha got?!

joebb21 · February 6, 2012 7:23AM

<< "Is the offer still good?"
________
Whatcha got?! >>

Well is it?

MsMorrisine · February 6, 2012 7:51AM

<< "Is the offer still good?"
________
Whatcha got?! >>

a pocket full of change that could be 1 coin fuller if I knew there were demand

gonzer · February 6, 2012 7:52AM

Another George Romero post.

LanceNewmanOCC · February 6, 2012 7:59AM

<< What do you think we are stupid...selling you a PO01 for only $ 1,500....that would be a pop 1 coin....you would be able to sell a pop 1 coin for tens of thousands of dollars.....

>>

in my opinion people have been using Pop 1 incorrectly. it should be stated pop 1 for the grade

i have at least 3 truly pop 1 coins.

only 1 graded between the top 3 grading services in any grade.
.
i noticed this by a thread i made and a lot of people posted "top pop" coins that were not pop 1 by definition
.

bob48 · February 6, 2012 8:03AM

This is funny! Where do you guys dig this stuff up? and also How do the story end? Did he ever find a PO-01?
or anything close? Anyone ever get the reward?
Keep them comming, I have nothing else to do but read these old threads.
Bob

braddick · February 6, 2012 8:05AM

<< This is funny! Where do you guys dig this stuff up? and also How do the story end? Did he ever find a PO-01?
or anything close? Anyone ever get the reward?
Keep them comming, I have nothing else to do but read these old threads.
Bob >>

Bob, Nothing ever came of this for a 1970-D (although I have a PM into the member who resurrected this thread!).
On related threads, I did locate a PO1 1964 Kennedy, I still own, and a FA2 Ike dollar- having since sold it to another enthusiast.

bob48 · February 6, 2012 9:08AM

Thanks for the ending. I know the low ball sets are out there.
Bob

Lakesammman · February 6, 2012 11:35AM

I've got a 1875 seated half pocket piece that's going to be PO1 before long - any interest?? Check back in 2015 or so.......

MsMorrisine · February 6, 2012 11:41AM

<< 

<< This is funny! Where do you guys dig this stuff up? and also How do the story end? Did he ever find a PO-01?
or anything close? Anyone ever get the reward?
Keep them comming, I have nothing else to do but read these old threads.
Bob >>

Bob, Nothing ever came of this for a 1970-D (although I have a PM into the member who resurrected this thread!).
On related threads, I did locate a PO1 1964 Kennedy, I still own, and a FA2 Ike dollar- having since sold it to another enthusiast. >>

I can start working on it this week.

frnklnlvr · February 7, 2012 3:49AM

<< On such a low grade coin would the tiny little mint mark even show? >>

I would think that if the date is readable then PCGS/NGC would holder it regardless of whether the mintmark was showing or not.

braddick · February 7, 2012 4:49AM

<< 

<< On such a low grade coin would the tiny little mint mark even show? >>

I would think that if the date is readable then PCGS/NGC would holder it regardless of whether the mintmark was showing or not. >>

Could be a low circulated proof coin?
I think you would need a hint of a mintmark for PCGS to determine it is a business strike, Denver mint.

fastfreddie · February 7, 2012 5:05AM

<< The U.S. Mint uses leather to artifically wear coins in conducting tests on coin designs. I think the coins are put between pieces of leather that is mechanically kept moving to create the type of wear experienced in normal circulation.
Ok, guys. Now you know the process, Here's a chance to make some money.

Ray >>

Time to break out my leather pants from the 70's!

coinman23885 · February 7, 2012 5:23AM

<< "Is the offer still good?"
________
Whatcha got?! >>

I meant it as a general question. I do not have one as of yet, but would consider looking for a low grade example that can, with little effort, be worn down enough to slab in a low grade.

scotty1419 · February 7, 2012 5:27AM

Anyone know how long it takes to wear a coin down to a P01?

MsMorrisine · February 7, 2012 5:32AM

<< 

<< 

<< On such a low grade coin would the tiny little mint mark even show? >>

I would think that if the date is readable then PCGS/NGC would holder it regardless of whether the mintmark was showing or not. >>

Could be a low circulated proof coin?
I think you would need a hint of a mintmark for PCGS to determine it is a business strike, Denver mint. >>

You would need something on the coin to distinguish it from the S proof.

I wonder if some of the proof fields would remain in the protected areas of the reverse of the S proof, and if that would be enough to distinguish it.

(this is really getting my curiosity going)

topstuf · February 7, 2012 5:40AM

So far no one has asked if the dollars being offerred are US dollars.

$1,500.00 Reward: 1970-D Kennedy.

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