PO-1 almost unrecognizable coin?

In the photo on the left gives a description of the po1 designations. In the photo on the right shows the recent auction of a 1982 bronze large date brown coin. Why...?

 

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Why do P01 coins sell for a premium?
People like them and there is a lowball registry (similar to how people pay a premium for a 70 but on the opposite end of the spectrum). Also, many coins are hard to find in that condition (many are damaged or have other issues before they can "naturally" wear down to the lowest grade).

 

Straight grade P01 coins are a challenge to find. Most are damaged/detailed/corroded or cleaned.

 

Poor-01 coins might be a challenge to find, but they don't interest me at all. As a young collector, I came to the conclusion that I should be the best pieces that I could afford.

 

I buy the best coin I can find at the best price I can get. However, I do recognize that not all collectors think alike and there are people who love to collect PO-1 coins as they are a real challenge.

 

I'm not a lowball or ASE collector. But I did buy one P01 seated liberty half and one MS70 ASE to show non-collectors and new collectors what the grade extremes look like. Both get a lot of interest and close inspection when I show them side by side.

And yeah, the P01 cost more than the MS70!

Cal

 

I'm not a fan nor a collector of holed coins. But apparently there is a market for them. If you can think of it, people are probably already collecting them.

 

On early coins I find lowballs interesting as they were used that much. How many years of commerce and hands did they have to go through to get to that point. Those are the coins I wish could talk

 

I can say the same thing about "pop tops".