low grades ... collectible or not?

at what point does a low grade make a coin uncollectible? something about this coin is sort of interesting (looks like it was in circulation for 100 of it's 203 year age and it's cheap ... i think it might sell for around $30 or $40 ... however it's close to being a cull. the charm of the ugly duckling! just curious what sort of reactions this coin brings. are you charmed or throwing up?

 

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Bet it goes higher.. there are collectors that look for low end slabbed coins.. kind of a reverse registry set if you will..

 

Agreed, it'll go higher.
And it's not just population or grade but it's both. That's why if the pop is low enough it'll still be great and a collectible. Or the reverse of a populous coin in the millions if it's a good grade or great one.

 

interesting comments ... i had no idea! but what you both say makes sense ... i bet the population is very low in this pcgs grade. I dont think i have ever seen a PCGS PO-01 before.

 

a PCGS Good 04 retails (high) for $450 ... what do you think a Poor 01 will sell for ... $150 ?

 

I dig the really circulated look, but then again i'm a history buff, so i think its neat to wonder who used the coin.

 

well. to a history buff even a coin such as this would seem to be a more for the authentic feel than anything else.. .. personally i wouldn't buy it. unless i was making a type set which i have never done .

 

I love that half! Even coins that most people would ignore are like treasures to me!

 

As a copper collector a coin with heavy wear is really quite common. The softness of copper compared to silver coins and the lenthly circulation period of large cents have left us a population of coins with lots of honest wear. I feel I'm quite forunate to have complete large cent year set.

 

It's a quarter

I like it!

 

at the right price i would buy it for the sake of having a draped bust quarter.

 

Used, not low grades thats what i like to call them

 

I suspect the coin will go for more than you might think. PCGS has a low-ball type set, and I would bet this isn't an easy type to find problem free and low grade.

 

p.s. as for the question posed by the op -- at what point does a coin become noncollectable. I would argue never. To each his own, and I happen to like the coin in the photo. Just imagine where that coin must have been and what it might have seen.

 

I like the look of that coin. Most of the time if given the choice between MS and circulated, I'll go with circulated. Like was mentioned by someone already, to me it's about the history not a future profit, and what says history better than a coin that was actually used as intended by countless people to buy every day goods and services. Circulation is priceless in my opinion.
Guy

 

I dare anyone to suggest this coin, in a PCGS FA02 slab, is anything but EXTREMELY collectible:

 

I once wrote a paper extolling the virtues of a well worn coin against a slabbed "untouchable'.

 

I would say it is always collectible until unrecognizable. I would say the OP's coin will always be in demand for type sets. Not everyone has $100,000 for their type set.

 

Exactly, Well Said, that's a highly desirable and sought after coin.

 

Worn but welcomed into my collection with open arms...