How long does a pocket piece take to wear down to PO01?

I'm sure Richards has had pleanty of both, with all the groupies that flocked to the band.

 

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I disagree. There's absolutely nothing wrong with carrying a coin around until it naturally wears down. It can even be a valid method of conservation. I don't think there are very many AG03-FR02 coins being purposely worn down to create PO-01 CAC coins, either.

 

Cool story. And if the reverse matches the obverse that's a p01 all day long

 

From what I've read around the 'Net, a fair amount of the PCGS Ike Lowball Registry is happening this way, and they're not starting with AG/FR coins. They're mechanically destroying higher-grade coins and then pocket-piecing them (agreed, a valid conservation process) to create a Lowball. Not that I care a whit about the Registry; it just cheapens the process.

Then again, that kinda points out the essential inanity of Lowballing anyway.

 

You are a brave man always publically and consipicuously carrying around an ounce of gold in your pocket.

 

Why not? Especially when he started it gold was at what around $400oz. Heck, if I had a raw 1oz eagle I might do it but I won't buy one just to do it.

I was a boy scout so I always like being prepared and an ounce of gold can get one out of very sticky situation if need be

 

Possibly true, but I can't think of a situation offhand where an ounce of gold will get you much farther than a few grams of paper and plastic. I don't think I've ever been in a scenario where I absolutely needed to access more than $100 in cash immediately, on the spot. If you've got any time whatsoever to prepare, plastic seems to beat gold hands down.

Also, even $400 is still kind of a lot of money. It's way more than I would ever carry on a routine basis.

 

Is Ron's Morgan still legal tender?

 

Yes it is

Is that an S mint mark I see?

 

Don't think so, to me.






1883 S

 

Hmm, yours is a lowball but I'm not sure if it would slab if no mm is available unless they default to P.? I'm a little concerned about the rim dings giving it a details grade too if they did slab it as an 83p p01. Maybe @SuperDave can shed some light on mint marks in regards to lowballs. I'm thinking they would default to P because who's to say it's not a P even.if it was an S or O too worn to see.

 

It only slabs if they can conclusively determine year and mint. That doesn't necessarily require them to be visible with some Morgans; Ash Harrison has a basal-state Hot Lips where there's no chance at all of seeing either....

 

One problem with creating a lowball is that a freshly worn 160 year old silver coin will not look like one that was naturally worn down to Pr-1 over 100 years ago. It will probably have a "cleaned" look to it that would make it hard to get into a problem free holder.

 

In a lot of ways it is both the fatal flaw and the beauty of lowballs. The premiums can only run up so much before making them becomes popular which will push them right back down again which should keep there cost in the sweet spot for quite a while of just valuable enough to catch attention.

 

Evidently you don't live out in the country. Cash is king a lot of places I go and often buying coins too. People love $100 bills in stacks that they don't have to report to their greedy uncle. And you can often get better deals for cash. Myself $400 in my wallet means I need to get some more cash. But my checkbook is how i do the bulk of my business

 

There's a man after mine own heart.