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Message:: [QUOTE="The Half Dime, post: 25263104, member: 153164"]Recently I have been doing some studying on lowball coin collecting. I will admit that I have some of these coins, but I collect them when they are worn enough to be quite cheap. However, their prices raise a lot of questions. First is a 1935 Peace dollar on eBay that is likely Poor or Fair. The price is $59.90, and it is a silver dollar that I'd sell for $22. Second is a graded ICG P1 Peace dollar without a date. First, I have no idea why on Earth ICG, A reputable coin grading company, would slab something possessing no date with a grade. Furthermore, the price is $199. A Morgan dollar with the same characteristics is $249. In my opinion, when a coin has no date, it should be considered a problem coin when grading. This is because it's so worn that it's simply ungradable. I know that ICG, along with ANACS, are much better at grading problem coins accurately than the top 2, but it should've been stabbed simply as "genuine". A coin with a date would have to go through a ton to be considered a real PO-1 coin. Are there people really willing to pay these prices for such worn coins? I get the logic of affordability but sometimes it gets out of hand. Search "lowball coin" on eBay and you'll see what I'm talking about.[ATTACH=full]1611675[/ATTACH] [ATTACH=full]1611666[/ATTACH] [ATTACH=full]1611667[/ATTACH] [ATTACH=full]1611668[/ATTACH][/QUOTE]