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 Replies: 19 / Views: 2,899 |
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Valued Member
United States
125 Posts |
I think coins like this a fantastic because it makes you wonder who has owned it and were it's been. From my short time on this forum ssuperdave is the ZEN Master when it comes to low ball Morgan's.
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Valued Member
 United States
405 Posts |
rush2112, I was in no way trying to promote, so please stop typing In my thread unless you have something useful to add. I was just interested in why people might be so interested in coins like the one I posted.
thanks
Cory
Edited by cjspearsdog
11/29/2013 2:09 pm
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Pillar of the Community
United States
2936 Posts |
I sell Mogans on ebay every day and, from time-to-time come across low ball coins without problems. I headline them as "low ball" and yes, there is a demand for them. I never pass up the chance to dig through the melt box of Morgans at my local coin dealer to look for them. PG |
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Pillar of the Community
United States
1247 Posts |
I can not imagine ever paying that much money for a morgan in that bad a shape.
It just has no appeal to me...
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Valued Member
United States
405 Posts |
Stamp, I agree, that is why I started the thread. It is just amazing to me. I was aware that people collected them but I did not know how popular they are.  |
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Pillar of the Community
United States
675 Posts |
Why buy a BU coin when you can have one in P-01? Still, think about the history of that old Morgan, and how many people must have handled it!
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Pillar of the Community
United States
1372 Posts |
I don't see the appeal at all. I don't care if no TPG has slabbed any examples at all. To me, that only means nobody wanted to waste the money on having it slabbed. Some of these same "low ball enthusiasts" wouldn't pay 11 cents for a 1916-D merc that's been "dipped", so the whole concept escapes me, I'm afraid. I have a lowball 1811/09 capped bust dime. It's condition is so lousy that it was actually given to me. It's rare, but it's still a piece of junk ....really rare junk. I keep it because it was given to me, but owning it is hardly a source of pride. Chance Edited by Chancellor Sutler
11/29/2013 6:26 pm
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Pillar of the Community
United States
2936 Posts |
Obviously we have a dichotomy of opinion here. May the yin and yang prosper.  |
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Moderator
 United States
15537 Posts |
Speaking to the side of the fan of low-ball coins ... I readily admit that the hunt for truly circulated coins with honest surfaces appeals to me. There is something special about holding a coin that has served our nations commerce to the point of being so worn it is barely identifiable by modern standards. I am not currently pursuing the Morgan dollar low-ball set ... but do understand in my own way the bidding interest in the OP coin. Hopeful the coin sells for a true premium to a like-minded collector.  I am an absolutely dedicated collector of the circulated classic USA silver commemorative type set ... an imposing and nearly impossible quest to achieve ... This is a very difficult set to achieve in circulated condition ... and I challenge anyone to explain why such a collecting pursuit does not merit consideration as a true numismatic challenge. Same for the OP coin ... Bottom line IMHO ... to each their own in pursuit of this great hobby. David |
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Bedrock of the Community
13014 Posts |
Quote:
I was aware that people collected them but I did not know how popular they are Theyre gaining in popularity for the series where theyre rare. For Morgans you can find high end grades all day long if you have the money to spend on them, a true low ball though will take hunting and is actually rarer. The challenge and uniqueness of it is appealing to a lot of people. Edited by basebal21
11/29/2013 9:12 pm
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Valued Member
United States
405 Posts |
This may be a odd question but, are there any years that Morgans didn't circulate at all? I know that large amounts where locked up in vaults until the 60's or something like that. So I would assume that is why there just aren't that many coins that where every in circulation.  |
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New Member
Canada
49 Posts |
Yes spear-dog, some Morgans were never circulated thus making your worn thin Morgan, extra special and worth way more than people relize.
Hope this tid-bit of information was helpful.
Good luck with the auction!
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Valued Member
United States
333 Posts |
I don't know about the PCGS numbers, but this looks like a Fair 2, not a Poor 1. At least to me.
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Moderator
United States
23522 Posts |
Quote:
This may be a odd question but, are there any years that Morgans didn't circulate at all? I know that large amounts where locked up in vaults until the 60's or something like that. So I would assume that is why there just aren't that many coins that where every in circulation. I'll throw the prime example at you: 1884-CC. 1,136,000 of these were minted - pretty low in the Morgan scheme of things, normally that'd be considered a scarce year - but GSA dumped 962,638 of them onto the market. Half of all 1882-CC and 1883-CC mintages appeared in the GSA sales. That's why these three are so relatively cheap (and overvalued at that in my mind) for Carson City Morgans. Lowballing originated with Morgans, for this reason. In-the-know collectors have known for a long time that for many mintage years, circulated grades are genuine condition rarities. Hence, the fact that 15 issues are still unknown in P01. Furthermore, they're anybody-can-afford-them cheap by comparison to Gem condition rarities. Once the first person deliberately set out to do a Lowball set and publicized the fact, the dominoes started falling. Peace dollars came next for obvious reasons - there's a whole lot of overlap in the collecting demographic - and I think Ikes followed. |
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Valued Member
United States
405 Posts |
I had a chance to buy some more lowballs, but I went and looked at population reports like superdave was talking about and decided that they were not rare enough. Funny part is one was a Carson City.
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Replies: 19 / Views: 2,899 |
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Posted 11/29/2013 12:49 pm
