Low ball Carson City, will she grade?

Discussion in 'US Coins Forum' started by goldrealmoney79, Oct 17, 2021.

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  1. goldrealmoney79

    goldrealmoney79 Active Member

    goldrealmoney79, Oct 17, 2021
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  3. Steven Shaw

    Steven Shaw Well-Known Member

    Poor
     
    Steven Shaw, Oct 17, 2021
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  4. potty dollar 1878

    potty dollar 1878 Well-Known Member

    The lowest of the low.
     
    potty dollar 1878, Oct 17, 2021
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  5. SensibleSal66

    SensibleSal66 U.S Casual Collector / Error Collector

    FR02 or PO1 Grade. In other words " A heaping pile of Cow Dung" Jim Carey . Alrighty then !
     
    SensibleSal66, Oct 17, 2021
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  6. Treashunt

    Treashunt The Other Frank

    FA-02, use it as a pocket piece until it is a PO-01, then you will sell it for many multiples of its current value.

    Yes, will grade.
     
    Treashunt, Oct 18, 2021
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  7. kanga

    kanga 65 Year Collector

    Positives: Date and mintmark are easily recognized
    Negatives: Rim worn well into the lettering

    Result: FR-02
     
    kanga, Oct 18, 2021
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  8. lordmarcovan

    lordmarcovan Eclectic & Eccentric Moderator

    Might go FR02, as mentioned.
     
    lordmarcovan, Oct 18, 2021
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  9. schnickelfritz48

    schnickelfritz48 Well-Known Member

    You're wasting your effort, time, and money if you're thinking about getting that coin slabbed.
     
    schnickelfritz48, Oct 18, 2021
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  10. Mr.Q

    Mr.Q Well-Known Member

    Beauty is in the eye of the beholder, right!
     
    Mr.Q, Oct 18, 2021
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  11. lordmarcovan

    lordmarcovan Eclectic & Eccentric Moderator

    Traditionally, yes, but this does not take "Lowball fever" into account.

    If the coin graded PO01 at PCGS (a straight grade, with no problem notation, and not FR02 or AG03, for example), then there are people who would pay silly money to acquire it. There is competition on the Registry for the extreme bottom end as well as the top end. Not quite as much, perhaps, but it's a thing.

    There is, I believe, not much premium or demand for the other really low grades. But if you get a PO01, it's worth something to those folks with Lowball sets. People will fork out money to acquire the lowest of the low, same as how they'll compete to get the highest of the high.

    And you can't (easily) wear one down artificially, because if it's mechanically worn down in modern times (with any kind of machinery), as opposed to naturally worn in circulation, I think the TPGs can usually detect that, and then it gets a Details ("problem") notation. It has to be a naturally worn, problem-free PO01 to qualify.

    (This is what @Treashunt was getting at. The coin in the OP is probably a FR02 and would have to be carried in one's pocket a while to wear it down to PO01 and thus qualify as a true rock-bottom Lowball. And even then, it might end up too shiny and get a Details grade. So no shortcuts like belt sanders, etc.!)

    This can actually make some of the more modern issues (clads, Ike dollars, etc.) more valuable as lowballs than something like a Morgan dollar, since so few of them got carried as pocket pieces and worn down as far as PO01 naturally.

    Are there people who have tried (and maybe succeeded) in creating "artificial lowballs"? Who knows, but it wouldn't surprise me.

    Lowball collectors- at least the ones on the PCGS Registry- are certifiably insane. But I can kind of respect their madness, having been a deliberate collector of holed coins, myself. (Still, I don't waste money slabbing my "holeys".)
     
    lordmarcovan, Oct 18, 2021
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  12. Mike Thorne

    Mike Thorne Well-Known Member

    I agree with the moderator. Unless you're working on a Lowball Registry Set or want to sell the coin to a collector who is, there's no reason to have it certified by PCGS. I think the seller had it right with the Poor designation. By the way, if you look at the coins in Lowball collections, only some of them are in low grades. I was amazed to see mint state examples for some of the dates. My wife and I attended a PCGS luncheon at which the theme was Lowball collections. Each of the attendees received a PCGS slab with a G4 Barber 25c in it. I sold mine and my wife's on eBay, and they brought a lot more than a typical G4 common-date Barber 25c.
     
    Mike Thorne, Oct 18, 2021
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  13. Mike Thorne

    Mike Thorne Well-Known Member

    Do you know how much P01 1916 S-L 25c sell for? These are coins with no hint of a date that are designated as 1916s by other design characteristics. Alan Herbert used to say that they were worthless, but on this he was completely wrong. I've seen them bring more than $1,000 at auction!
     
    Mike Thorne, Oct 18, 2021
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  14. Mac McDonald

    Mac McDonald Well-Known Member

    It might "straight grade"...if very low...but don't know why you'd want to.
    So very interesting...had never heard of or known of this before...almost seems it might be more difficult to find a qualifying coin for this low-ball grade than one of a higher/high-grade category...! Thanks for sharing.
     
    Mac McDonald, Oct 18, 2021
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  15. johnmilton

    johnmilton Well-Known Member

    PCGS has "low ball" registry where they welcome "the poorest known" that made it into one of their holders. People pay very good money for this stuff. I don't understand it, but at least I am immune to buying this material.
     
    johnmilton, Oct 18, 2021
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  16. eddiespin

    eddiespin Fast Eddie

    Oh, with you, by my side
    This world can't keep us down
    Together we can make it, baby
    From the POOR side of town
     
    eddiespin, Oct 18, 2021
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  17. Gam3rBlake

    Gam3rBlake Well-Known Member

    FR-02
     
    Gam3rBlake, Oct 18, 2021
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  18. 1865King

    1865King Well-Known Member

    Poor but, I wouldn't spend the money on grading. And I wouldn't pay what they're asking.
     
    1865King, Oct 18, 2021
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  19. longshot

    longshot Enthusiast Supporter

    I think straight grade, FR2
    It has a certain cool aspect, it's really been handled, personally think the price is about fair now ($67), be interesting to watch.
    I don't think it has quite enough wear to be a lowball prize, as others have mentioned...
     
    Last edited: Oct 19, 2021
    longshot, Oct 19, 2021
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  20. Omegaraptor

    Omegaraptor Gobrecht/Longacre Enthusiast

    Fair-2.

    Reverse makes it. Obverse isn't such a slam dunk.
     
    Omegaraptor, Oct 19, 2021
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  21. schnickelfritz48

    schnickelfritz48 Well-Known Member

    Your jokes at the end of your post are cute. Definitely esoteric in nature and enjoyed by the numismatic community!
     
    schnickelfritz48, Oct 19, 2021
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