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Would this Indian $2.50 make PO-01?

jonathanbjonathanb Posts: 4,059 ✭✭✭✭✭
in U.S. Coin Forum
The date is unquestionably 1928 when viewed inhand, even if you can't tell from the pictures.

Anyone know where I can find price hints for ultra-low-grade pieces? Heritage isn't terribly helpful in this case... image

imageimage
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    tightbudgettightbudget Posts: 7,299 ✭✭✭
    Maybe, but since the Indian's face is still a bit bold, it might also grade fair.
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    GoldenEyeNumismaticsGoldenEyeNumismatics Posts: 13,187 ✭✭✭
    Definietly looks PO01 to me!
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    holeinone1972holeinone1972 Posts: 5,368 ✭✭✭
    Being a incuse dsign, hard to say but I would vote yes.

    image
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    RYKRYK Posts: 35,800 ✭✭✭✭✭
    Shot F-2 image
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
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    HyperionHyperion Posts: 7,474 ✭✭✭
    IMHO. that's very very very cool !
    My Ebay (None)
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    DennisHDennisH Posts: 14,040 ✭✭✭✭✭
    I vote for Poor-01. Neat coin!
    When in doubt, don't.
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    dohdoh Posts: 6,457 ✭✭✭
    Yeah, that coin is awesome!
    Positive BST transactions with: too many names to list! 36 at last count.
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    homerunhallhomerunhall Posts: 2,496 ✭✭✭

    I totally want this coin!

    Please sell it to me and charge me too much.

    We'll put it in Photograde Online and give you credit as the discoverer!

    hrh


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    TwoSides2aCoinTwoSides2aCoin Posts: 45,027 ✭✭✭✭✭


    << <i>I totally want this coin!

    Please sell it to me and charge me too much.

    We'll put it in Photograde Online and give you credit as the discoverer!

    hrh >>




    image

    This thread will not make 100. The OZ has spoken image
    Good day, Mr Hall. That's an amazing offer.
    Whatcha gonna do, jonathanb ?.... I'm curious.

    ``https://ebay.us/m/KxolR5

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    STONESTONE Posts: 15,275 ✭
    Cool coin. I'd say 50/50 shot at a 1 or a 2 grade.

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    LongacreLongacre Posts: 16,717 ✭✭✭
    Nice coin. Is that natural wear?
    Always took candy from strangers
    Didn't wanna get me no trade
    Never want to be like papa
    Working for the boss every night and day
    --"Happy", by the Rolling Stones (1972)
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    fcfc Posts: 12,805 ✭✭✭
    lol, i would think this is P01 based on Mr Halls offer!

    i am unsure of the grade due to not studying this series but
    it is the lowest grade i have ever seen of one.
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    PrethenPrethen Posts: 3,466 ✭✭✭
    I must admit this is a confusing part of the numismatic market for me. Someone can carry around a coin like this as a pocket piece for a number of years and all of a sudden it's incredibly collectible. It's even more collectible and desirable than a higher grade coin that actually shows a lot less wear a tons of detail. Count me in as "one who just doesn't get it".
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    TwoSides2aCoinTwoSides2aCoin Posts: 45,027 ✭✭✭✭✭
    Prethen... if you have an example of every grade from PO-01, to MS 69... you would have a complete set of coins by which to determine each grade point. Do you suppose PCGS just might need this one for one of the examples necessary to fill that criterion ? Look at the big picture. It may also be a "variety" since "discoverer" was offered. I am curious there, too image

    ``https://ebay.us/m/KxolR5

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    homerunhallhomerunhall Posts: 2,496 ✭✭✭

    I offer $500!

    That's the wholesale price for an MS62.

    hrh


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    UncleJoeUncleJoe Posts: 2,552 ✭✭✭
    Note to self: Must buy low rent $2.50 gold based on current market price.

    Joe.
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    ttownttown Posts: 4,472 ✭✭✭


    << <i>I offer $500!

    That's the wholesale price for an MS62.

    hrh >>



    Let the bidding beginimage Cool David started a live auction......image

    BTW nice low grade coin.
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    mirabelamirabela Posts: 5,196 ✭✭✭✭✭
    All I can think of is how if the pawn makes it all the way to the other end of the board, he gets to be a Queen.

    If a coin survives down to a nub, it gets to be valuable again. So strange ...
    mirabela
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    saintgurusaintguru Posts: 7,728 ✭✭✭
    $510
    image
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    ConnecticoinConnecticoin Posts: 13,275 ✭✭✭✭✭


    << <i>I totally want this coin!

    Please sell it to me and charge me too much.

    We'll put it in Photograde Online and give you credit as the discoverer!

    hrh >>



    HRH: Will it grade PO-01?
    *For Sale on Ebay*
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    saintgurusaintguru Posts: 7,728 ✭✭✭
    Not if he's bidding. image

    Probably thinks it's a F 04.
    image
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    RYKRYK Posts: 35,800 ✭✭✭✭✭


    << <i>All I can think of is how if the pawn makes it all the way to the other end of the board, he gets to be a Queen.

    If a coin survives down to a nub, it gets to be valuable again. So strange ... >>



    Yes, soon there will be sweatshops of school age children in the Far East spending their days wearing down US gold coins to later be sold on ebay. imageimage
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
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    mr1931Smr1931S Posts: 7,016 ✭✭✭✭✭
    I'd get into this bidding war if I could be assured that this piece is a genuine U.S. mint product and that the wear is not artificial. Short of those assurances, I would have to pass.

    $500?

    SOLD! Run Forrest....Runimage

    The measure of intelligence is the ability to change.
    Albert Einstein (14 March 1879--18 April 1955)

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    PrethenPrethen Posts: 3,466 ✭✭✭
    How the heck would you ever know if the wear is "artificial"?
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    agentjim007agentjim007 Posts: 6,256 ✭
    Take the $500( get your name listed as the discoverer) and buy a Jefferson FS proof. double your gold and get change. Don't get greedy just because your offered 5 bones here. There ain't much of a market for those and if there turns out to be people will start making them like toned coins.
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    ttownttown Posts: 4,472 ✭✭✭


    << <i> There ain't much of a market for those and if there turns out to be people will start making them like toned coins. >>



    My kids are on it! They have a job, only in Americaimage Boy if they can only wear out coins as fast as clothes I'll be richimage
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    DJCoinzDJCoinz Posts: 3,856 ✭


    << <i>Take the $500( get your name listed as the discoverer). Don't get greedy... >>

    image
    aka Dan
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    mr1931Smr1931S Posts: 7,016 ✭✭✭✭✭
    This coin could have gotten its wear by being a pocket piece. That would be artificial wear.image

    The measure of intelligence is the ability to change.
    Albert Einstein (14 March 1879--18 April 1955)

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    fcfc Posts: 12,805 ✭✭✭
    imagine, you are getting the strong money without it even
    being graded by pcgs as a P01.

    i always thought the premium was due to the plastic in this case!

    no submission worries and all the profit!
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    PrethenPrethen Posts: 3,466 ✭✭✭
    In 1970, what do you think you would have been paid for that coin from even the most astute collector? I'd say 1980 but gold was going through gyrations. How about 1990?

    Odd.
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    saintgurusaintguru Posts: 7,728 ✭✭✭
    Take the $500...because my $510 bid is in Turkish dollars.image
    image
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    AlamarAlamar Posts: 52


    << <i>I must admit this is a confusing part of the numismatic market for me. Someone can carry around a coin like this as a pocket piece for a number of years and all of a sudden it's incredibly collectible. It's even more collectible and desirable than a higher grade coin that actually shows a lot less wear a tons of detail. Count me in as "one who just doesn't get it". >>



    The price can be easily explained by a low supply. I imagine that it's harder to find gold coins worn down until they are almost unidentifiable(without being abused by, say, being run over by a U-Haul) than it is to find them in the F/AU spectrum. Even in a random event like rolling two dice, most of the numbers will be in the center of the range. I also suspect that coins that degraded are likely to be melted. This rarity doesn't bring as high a premium as the other end of the scale because of lower demand.

    The desire to own the coin, OTH, is a mystery. Every person has their own motives. Rarity, "something different", collect everything mentality...
    Who the heck would want a penny from 1909? *chuck*
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    saintgurusaintguru Posts: 7,728 ✭✭✭
    JACK JOHNSON!! image
    image
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    PrivateCoinCollectorPrivateCoinCollector Posts: 2,415 ✭


    << <i>I totally want this coin!

    Please sell it to me and charge me too much.

    We'll put it in Photograde Online and give you credit as the discoverer!

    hrh >>



    What an invitation! If it was mine you would have it. Sure it would not BB? image
    Morgan HerdTO Gold Mine
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    BarbercoinBarbercoin Posts: 1,037 ✭✭✭
    Just curious, how much does it weigh?

    WTB: Barber Quarters XF

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    AlamarAlamar Posts: 52


    << <i>JACK JOHNSON!! image >>



    Good spot there. image "Right Off" is one of my favorite Miles Davis tunes.
    Who the heck would want a penny from 1909? *chuck*
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    saintgurusaintguru Posts: 7,728 ✭✭✭
    my old sigline...

    image
    image
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    pmacpmac Posts: 3,189 ✭✭✭
    Will it be stickered as "premium grade"?
    Paul
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    jonathanbjonathanb Posts: 4,059 ✭✭✭✭✭
    Sorry for the silence... I went to an auction today. Didn't really buy anything to speak of, but I wasn't on the computer.

    David wants it, David can have it. I got it because I thought it was cute, but I don't collect low-end pieces or gold either, so it might as well go to someone who clearly appreciates it more than I do.

    Barbercoin: I was also curious about the weight. My scale is only good to 0.1 grams, though. On that scale, this weighs 4.0 grams. Redbook says it should weigh 4.18 grams, so it lost somewhere between 3-6% of its original weight, depending on how accurate my scale is. Maybe David will post an accurate weight when he gets it.

    jonathan
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    JoeLewisJoeLewis Posts: 1,913 ✭✭✭✭


    << <i>Nice coin. Is that natural wear? >>




    AW vs. NW

    And so it begins!!!!!

    Ha ha ha image

    US and British coin collector, and creator of The Ultimate Chuck E. Cheese's and Showbiz Pizza Place Token & Ticket Guide

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    OverdateOverdate Posts: 7,314 ✭✭✭✭✭

    What would a basal state 00 be worth? image


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    RareBronzeCollectorRareBronzeCollector Posts: 1,270
    I vaguely remember a column (possibky by QDB_ in the late 1960's or 1970's, probably in Coin World, written tongue in cheek, about the wearing down of high grade coins, as the lower grades were more valuable, (probably because they had more history to them, although I' not sure).

    Does anyone here know how a copy of this column might be found?????
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    BruceswarBruceswar Posts: 2,869
    sweet coin!
    The Bruce Lee Collection


    image
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    pocketpiececommemspocketpiececommems Posts: 6,088 ✭✭✭✭✭
    I would also have to go with PO01. That is a nice looking coin.
    Pocketpiececommemoratives

    Lafayette Grading Set
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    direwolf1972direwolf1972 Posts: 2,076 ✭✭✭
    Love it but too many scratches IMO. I think it would get BB'd at least a few times first if you were to get a PO1 out of it.
    I'll see your bunny with a pancake on his head and raise you a Siamese cat with a miniature pumpkin on his head.

    You wouldn't believe how long it took to get him to sit still for this.


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    gyocomgdgyocomgd Posts: 2,582 ✭✭✭
    That any gold coin would obtain that much wear somehow strikes me as bizarre.
    image
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    jonathanbjonathanb Posts: 4,059 ✭✭✭✭✭
    direwolf1972, you're not wrong to be worried about the scratches, but they're very shallow, and only visible when the light hits it right. Looking at thte picture onscreen versus the coin in hand, I seem to have managed to catch absolutely the least flattering angle. Bummer.

    I assume this coin has been treated with less-than-kid gloves for the past few decades. If a few stray marks are ever market-acceptable, I think that a coin in this grade might qualify... image
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    CoxeCoxe Posts: 11,139 ✭
    That's gotta be the coolest coin I have seen this year. Thanks for sharing it.
    Select Rarities -- DMPLs and VAMs
    NSDR - Life Member
    SSDC - Life Member
    ANA - Pay As I Go Member
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    PerryHallPerryHall Posts: 47,534 ✭✭✭✭✭


    << <i>That any gold coin would obtain that much wear somehow strikes me as bizarre. >>



    Might have been someone's pocket piece.

    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

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    ConnecticoinConnecticoin Posts: 13,275 ✭✭✭✭✭


    << <i>Love it but too many scratches IMO. I think it would get BB'd at least a few times first if you were to get a PO1 out of it. >>



    If HRH wants it, then I think it will grade.
    *For Sale on Ebay*

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