Anybody having any luck making and selling PO-1 PCGS coins?

claychaser · October 24, 2007 3:09PM

Has the "lowball" registry sets spurred demand for PO-1 coins? I've got a couple of candidates for a try at the coveted grade.

Here's one that my YN made (a couple of posts down) (photo by Lucy)

64-D

seanq · October 25, 2007 3:35AM

Selling them is easy, it's making them that is hard. Even before PCGS officially created the lowball sets, there were people building them and the demand for low grade coins was high. On more than one occasion I've posted pics of aw coins here and had conditional offers to buy even before they were submitted (i.e., "Get that thing into a PCGS holder and I'll give you $xx. for it.").

Sean Reynolds

DennisH · October 25, 2007 3:52AM

I've never sold a PCGS-holdered Poor-01 (I've traded a couple), but I always get purchase offers whenever I post a photo of one in a thread. There's demand for them!

GoldenEyeNumismatics · October 25, 2007 3:56AM

I recently sold an 1886-O PCGS PO01 on ebay that brought $65 including shipping fees

MadMarty · October 25, 2007 4:09AM

I have made 4 this month, but I'm not selling any of them!

itsnotjustme · October 25, 2007 4:12AM

I bought an 1807 PO01 Dime recently.

coinkat · October 25, 2007 4:15AM

I have an 1837-39 Bust Half that is PO1...I just am not able to make out the date

If someone has an interest... feel free to send a pm

StampAlarm · October 25, 2007 4:15AM

I've made 2 and sold 2. My FR 02 nickel w/r ain't doing too good though.

Jerry

shuckins · October 25, 2007 4:47AM

gonna resubmit this one

ricko · October 25, 2007 5:04AM

Why is it that if you 'make' a PO1 coin it is desirable, but if you tone a coin it is AT and denigrated??? They are both 'artificial'... seems like we have a double standard here.... oh what a surprise.... Cheers, RickO

fc · October 25, 2007 5:10AM

heh, "make" and "made" always confuse people.

it means they bought or found a coin and got it slabbed.

not sat around and wore it down.

i hope ;-)

PerryHall · October 25, 2007 5:12AM

<< Why is it that if you 'make' a PO1 coin it is desirable, but if you tone a coin it is AT and denigrated??? They are both 'artificial'... seems like we have a double standard here.... oh what a surprise.... Cheers, RickO >>

It's not easy to make a low grade coin and get it slabbed. If you make it, it will be bodybagged for cleaning. It's nearly impossible to duplicate natural wear on a coin.

sinin1 · October 25, 2007 5:17AM

they are hard to make -
mine usually have some sort of damage
that PCGS points out

bent, corroded, scratched, ...

woodwalker · October 25, 2007 5:28AM

What would a certified 89cc morgan fetch in po-1?

seanq · October 25, 2007 5:31AM

I had this coin sold for $100 if I could just get it ingto a PCGS PO-01 holder. Submitted it once and it came back bagged for damage.

Sean Reynolds

ziggy29 · October 25, 2007 5:31AM

Nothing like intentionally wearing down a coin to deny future generations the ability to find higher-grade coins....

The low-ball registry was a horrible idea, and IMO contrary to the spirit of good stewardship we should have for our collections. We are but caretakers for the next generation, and we're going to wear 'em slick to get points in some perverse "reverse registry." Shameful, IMO.

mrearlygold · October 25, 2007 5:32AM

I'd like to buy an Oregon in those grades and would pay extra for a 1928

CarsonCityGold · October 25, 2007 6:41AM

<< What would a certified 89cc morgan fetch in po-1? >>

Probably $400 to $600 (PCGS Slabbed)

Here are your low grade CC Morgan PCGS Pops as of today

------ PO1 FR2
78CC - 1 - 7
79CC - 0 - 6
80CC - 0 - 3
81CC - 1 - 2
82CC - 0 - 4
83CC - 0 - 7
84CC - 0 - 2
85CC - 0 - 4
89CC - 0 - 4
90CC - 0 - 7
91CC - 1 - 1
92CC - 0 - 3
93CC - 1 - 4

As you can see there are only 4 PO1 CC Morgans at this time. The whereabouts of the 78CC are unknown. The other 3 are accounted for.
Hope this helps, CCG

woodwalker · October 25, 2007 7:40AM

CCG, thanks for the reply. Not sure if the 89 will make 01 or 02 but I might have to give it a try.

BLcoinnut · October 25, 2007 7:48AM

Can someone please tell me, how do you "make"one of these?

thanks

fc · October 25, 2007 8:00AM

people are confusing make one with getting one slabbed by yourself.

like i made this coin: as in i got it slabbed.

not i made this coin low grade.

SeattleSlammer · October 25, 2007 8:02AM

"lowball" registry set = pure marketing genius by PCGS!

homerunhall · October 25, 2007 8:20AM

Is it possible that PO1 coins will gring more than AG3s?????

hrh

fc · October 25, 2007 8:24AM

My thoughts are that a lowball set should not be based on grade
alone. If you can find an awesome crusty AG03 and can find a shiny
dipped out looking P01, the choice should be obvious which one
to aquire.

I think many people here will agree that eye appeal should rule the
day and the low grade takes a secondary role.

The wear pattern should also be taken into consideration. Uneven
wear on one side, even though it has a grade of P01, should be
looked at from the standpoint of eye appeal.

If a P01 has all the right qualities compared to a AG03 with those
same qualities, yes, i think it could go for much more, a significant
premium.

DennisH · October 25, 2007 8:31AM

Poor-01 Morgans already typically bring more than AG-03s. So do Fair-02s for that matter.

claychaser · October 25, 2007 8:51AM

In response to hrh's question, I sold my YN's PO-1 64-D Kennedy for $200. After he got over it, he demanded the money - "Dad, pay up!"

I don't think an AG example would be worth anything over melt.

-JB

MadMarty · October 25, 2007 8:53AM

<< Can someone please tell me, how do you "make"one of these?

thanks >>

The term "make" is to submit it and have it grade.

MadMarty · October 25, 2007 8:54AM

<< Is it possible that PO1 coins will gring more than AG3s?????

hrh >>

Yes.

coindeuce · October 25, 2007 9:10AM

This one is probably a candidate for the best PO-1 that the TPG's didn't have the nads to wrap in plastic. It's only 6% light by a strict interpretation of Mint standards for a 1794 Flowing Hair Half. Of course THEY all found a way to avoid liability on this one anyway...

PerryHall · October 25, 2007 9:11AM

<< My thoughts are that a lowball set should not be based on grade
alone. If you can find an awesome crusty AG03 and can find a shiny
dipped out looking P01, the choice should be obvious which one
to aquire. >>

Since when does the registry points factor in eye appeal?

CarsonCityGold · October 25, 2007 9:16AM

<< Is it possible that PO1 coins will gring more than AG3s????? >>

Absolutely! When it comes to Morgans and Peace.

fc · October 25, 2007 10:43AM

---Since when does the registry points factor in eye appeal?

heh, good point. live by plastic die by the plastic.

BLcoinnut · October 25, 2007 1:13PM

If making a coin refers to getting it slabbed,
are these PO1s natural wear or are they"made"as a pocket piece ?

Colorfulcoins · October 25, 2007 1:36PM

Live, Love, and Let them be worn......the PO01 motto!

I've probably made 50 PO01 coins over the years....and it has been tougher lately!

Overdate · October 25, 2007 1:38PM

I don't think an AG example would be worth anything over melt.

What is "melt" on an AG coin? How much metal is lost before reaching that point?

PerryHall · October 25, 2007 6:47PM

<< If making a coin refers to getting it slabbed,
are these PO1s natural wear or are they"made"as a pocket piece ? >>

Since when is carrying a coin in your pocket considered unnatural wear?

claychaser · October 25, 2007 11:47PM

What is "melt" on an AG coin? How much metal is lost before reaching that point?

Most dealers buy junk silver based on face value, and will accept some worn coins as ling as they are not holed and feed through the counting machine. Some, Kitco, based their buying on minimum weight for the lot.

There are 715 troy ounces per $1000 face of un circulated silver. To compensate for wear, a factor of 700 ounces is typically used. So, if silver is $14, then the melt value is calculated at $14.00 x .70, or 9.8X face.

ricko · October 26, 2007 12:12AM

Thanks for the clarification fc.... Although I have seen threads here stating - in no uncertain terms - that individuals were carrying pocket pieces to wear them down for the PO1 slab. Your point, however, is valid. Cheers, RickO

USCGCraig · October 26, 2007 1:01AM

In searching rolls of halves, I came across a very worn 1983-P Kennedy Half. Had it graded and made F-2. SWEET. Sold it awhile back. I was very happy with the results.

sinin1 · November 7, 2007 11:47AM

Is obverse more important than reverse?

Wondering how many more years I need to carry this around

7over8 · December 2, 2007 1:34AM

I have a beauty of a PO-1 (in my opinion) 1890-cc Morgan.
I picked it up at a show in the late 80's in a junk box for $5

No rim problems (well, what used to be rims), very smooth, nice blueish hue to it (not that ugly cleaned coloring) from sitting in a black leather wallet for years (not by other coins)

GoldenEyeNumismatics · December 2, 2007 2:24AM

<< Nothing like intentionally wearing down a coin to deny future generations the ability to find higher-grade coins....

The low-ball registry was a horrible idea, and IMO contrary to the spirit of good stewardship we should have for our collections. We are but caretakers for the next generation, and we're going to wear 'em slick to get points in some perverse "reverse registry." Shameful, IMO.

>>

Unless we all carry tens of thousands of pocket pieces, I don't think future generations are going to have a hard time finding higher grade coins.

19Lyds · December 2, 2007 2:37AM

<< Nothing like intentionally wearing down a coin to deny future generations the ability to find higher-grade coins....

The low-ball registry was a horrible idea, and IMO contrary to the spirit of good stewardship we should have for our collections. We are but caretakers for the next generation, and we're going to wear 'em slick to get points in some perverse "reverse registry." Shameful, IMO.

>>

I don't necessarily agree with this point of view in that no collector in his right mind would intentionally wear down a high grade coin for the registry.

The wear down usually occurs only with coins that would not grade very high in the first place and only on the common stuff which is readily available in higher grades.

Edited to Add: Damn! Sucked into another old thread........................

DennisH · December 2, 2007 2:45AM

C'mon folks... didn't all wear on circulated coins result from being "pocket pieces" for some amount of time?

57loaded · December 2, 2007 2:45AM

wow "buy the plastic" at it's best

i do get it, and think it's cool in a wraped way

Anybody having any luck making and selling PO-1 PCGS coins?

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