It is amazing, but a set of PO-1 coins
Bear
Posts: 18,953 ✭✭✭
Is more difficult to assemble ,then a gem set. Who woulda thunk.
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displayed at a major coin show.
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Lowball Type Set
Morgan Lowball set
I LOVE Lowball sets myself, even if my Barber Mentor thinks I am insane for working on my set of Lowball Walkers
<< <i>Why would anyone pay to have P-1 coins "graded?" Use the ANA grading guide and some plastic capsules. Print little date/mint labels with your home laser printer. >>
Probably more of a "Look what I got into a holder!!!" type of thing. I mean, I have a habit of doing such silly things myself.
<< <i>Why would anyone pay to have P-1 coins "graded?" Use the ANA grading guide and some plastic capsules. Print little date/mint labels with your home laser printer. >>
Most PO-1 coins have problems and it can be a real challenge to get one graded and slabbed.
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 I had it my way, stupidity would be painful!
<< <i>You can always make a PO-1 (although, it may take a few years). You can't make a lesser coin a gem. >>
A few years!! Ha!! The hardest part of finding PO01s is having them grade! One rim ding, or not being able to tell the MM or the date, and it's a no grade!!
<< <i>Anybody got or seen a 1 Frankie? I'm debating pocketing one for a while as an attempt. >>
Everybody thinks you pocket it for a few years and you'll have a PO01! Try 40-50 years!!!
<< <i>
<< <i>Anybody got or seen a 1 Frankie? I'm debating pocketing one for a while as an attempt. >>
Everybody thinks you pocket it for a few years and you'll have a PO01! Try 40-50 years!!! >>
Ha, I never said it was going to be quick.
My #1 Low Ball Peace Dollar Set
<< <i>
<< <i>Anybody got or seen a 1 Frankie? I'm debating pocketing one for a while as an attempt. >>
Everybody thinks you pocket it for a few years and you'll have a PO01! Try 40-50 years!!! >>
It would depend on its condition when you start.
<< <i>Different coins have different challenges in making the coveted PO 01 grade. On Morgans the mintmark is well protected and the date will usually wear to the point that you can not determine the date before you lose the mintmark. >>
That's not a problem with the 1921-D Morgan dollar. They'll grade it even without the date.
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
Seems mule-backwards to me.
Once, long ago and far away, the pleasurable hobby was to collect coins and debate their merits, condition, rarity or defects with other collectors. No two coins were assumed to be identical, so there was usually a point of discussion or interesting disagreement. This thread suggests that approach is no longer valid – the purpose now being to acquire plastic holders that also happen to contain a coin, then argue that the people who put it into the holder are incompetent.
Paradigm shifting: Is egg salad made with the chicken or the egg? Depends on how early in the cycle one begins….
<< <i>Soooo...the goal is not to collect coins that fit within the written description of the ANA grading guide, but to acquire plastic holders, the contents of which, some unknown entity has decided fit their description of P-01? >>
No. The goal is to collect coins that are free of problems. PCGS will grade them if they are problem free and they won't grade them if they have problems. Anything wrong with that?
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
Of course, much of the whole "TPG Fad" is about giving up knowledge, understanding and personal management in exchange for ignorance, superficiality and the chase for short-term competitive "rewards."
<< <i>Of course, much of the whole "TPG Fad" is about giving up knowledge, understanding and personal management in exchange for ignorance, superficiality and the chase for short-term competitive "rewards." >>
Some of the most knowledgable people that I know collect coins that have been slabbed.
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
<< <i>
<< <i>Soooo...the goal is not to collect coins that fit within the written description of the ANA grading guide, but to acquire plastic holders, the contents of which, some unknown entity has decided fit their description of P-01? >>
No. The goal is to collect coins that are free of problems. PCGS will grade them if they are problem free and they won't grade them if they have problems. Anything wrong with that? >>
If the goal truly is to "collect coins that are free of problems", there is not necessarily any need to collect only certified ones. If you are doing that, you have misstated the goal and/or strayed from it.
<< <i>
<< <i>Anybody got or seen a 1 Frankie? I'm debating pocketing one for a while as an attempt. >>
Everybody thinks you pocket it for a few years and you'll have a PO01! Try 40-50 years!!! >>
I'm still carrying around that 21-D morgan you gave me a few years ago and it's no worse than a VF-20! (Started as a VF 30-35) And pocket pieces easily get a bad-cleaning look, so getting a slab AND a grade is a challenge.
<< <i>One thing that I have to say about some of these newer PO-01 pieces is that clearly they were hit with a belt sander and THEN made to look like they actually circulated. >>
Can you show us some examples? Do you really think PCGS or NGC would grade a coin subjected to a belt sander?
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
Completely agree as to coin collectors...and some of the most clueless do the same, too.
This point that seems to have been missed is that when one obsesses on owning only coins in a plastic slab and/or only from one reliable service - to the exclusion of equivalent pieces (especially well-worn examples) - then one's motives might have changed from one's original intent. Limiting one’s options seems self-defeating.
Not a sermon, just an opinion.
[[Where'd that darned brass collection plate go....?]]
Lafayette Grading Set
I offered a few years ago 1.5K for a PO1 1970-D Kennedy half. My only requirement was it had to be graded by PCGS. I kept the deal open for over a year. Not a single offer.
So much for belt sanders and rock tumblers.
Now, when I offered a deal of 1K for a PO1 Ike I did get one NGC FA2 after a year and paid $250. for it.
My boxes of Gems although not limitless are many.
After searching since 1984 for Kennedy, SBA's and Ike low grade problem free coins- paying generous premiums along the way, I've come across not even enough to fill a PCGS blue box.
peacockcoins
<< <i>I love when this discussion comes up, as it regulary does every few months.
I offered a few years ago 1.5K for a PO1 1970-D Kennedy half. My only requirement was it had to be graded by PCGS. I kept the deal open for over a year. Not a single offer.
So much for belt sanders and rock tumblers.
Now, when I offered a deal of 1K for a PO1 Ike I did get one NGC FA2 after a year and paid $250. for it.
My boxes of Gems although not limitless are many.
After searching since 1984 for Kennedy, SBA's and Ike low grade problem free coins- paying generous premiums along the way, I've come across not even enough to fill a PCGS blue box. >>
But Pat, regardless of their scarcity, why do you care whether they are certified or not? Isn't it at least partly a matter of misleading/skewed scarcity? After all, many people who might conceivably own such coins, being unaware of your offer, wouldn't bother to slab them. Some might not even know what slabs are.
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
At a prestidgeous Boston Coin Club the other night ("1,356th monthly meeting...)" a collector of advanded years, comparable dignity and presence produced a CUNI-clad Bicentennial Ike which he had kept as a pocket piece for all its years. It was so worn I could not tell if it was a T1 or T2.
But there was not a nasty hit of rim break, only quite smooth, rounded surfaces.
What a glorious testament to this distinguished gentleman and what a tribute to one of our most respected Americans. This coin is history and I would love to build my own collection of comparable pocket pieces.
I do agree with your main point: I'm not wildly enthusiastic about PCGS encapsulation as I'd rather have them all as coins to be handled for generations!
Rob
Questions about Ikes? Go to The IKE GROUP WEB SITE
Part of the fun is having three other extremely knowledgeable graders verify the coin as being a true and authentic PO1.
It's the same reason, for example, Marty on another thread is excited he made a FS 1964 Jefferson nickel. I'm sure many coins- probably the lion's share, are submitted for profit, but be open to the fact others among us simply collect/slab collector coins for the enjoyment of it.
The search. The find. The submission. The results.
PS: Perry, CAC won't touch these moderns regardless of the grade.
peacockcoins
<< <i>You can always make a PO-1 (although, it may take a few years). You can't make a lesser coin a gem. >>
But the latter case has happened, thanks to some skillful doctors.
http://www.shieldnickels.net