PO-1 almost unrecognizable coin?

Discussion in 'US Coins Forum' started by Spiritawahili, Jul 18, 2019.

  1. Spiritawahili

    Spiritawahili Member

    Screenshot_20190718-223357.png Screenshot_20190718-223408.png

    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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  3. ddddd

    ddddd Member

    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).
     
    Islander80-83 and Paul M. like this.
  4. Islander80-83

    Islander80-83 Well-Known Member

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

    johnmilton Well-Known Member

    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.
     
  6. Collecting Nut

    Collecting Nut Borderline Hoarder

    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.
     
  7. calcol

    calcol Supporter! Supporter

    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
     
  8. Islander80-83

    Islander80-83 Well-Known Member

    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.
     
  9. Mainebill

    Mainebill Wild Bill

    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
     
  10. Conder101

    Conder101 Numismatist

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