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What In The World? "Potty Coin"?!

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Pillar of the Community
United States
9792 Posts
 Posted 08/25/2014  11:16 pm  Show Profile   Bookmark this reply Add westcoin to your friends list
This is nothing new, I've seen "potty coins" ever since I started collecting in the late 1970's Bowers has had some that he sold many years ago in his price lists, I know other dealers used to have them in their cases at shows pretty often in the 1980's, I hadn't thought about them nor seen one in quite sometime now. Surprised Vermontensium and other collectors here had not heard of these before now.

There are some quite nicely engraved 1800's "potty" coins I've seen selling for well over $250 apiece. Very much in line with Hobo nickels or Love Tokens. Heritage even auctions them occasionally.

http://coins.ha.com/itm/love-tokens.../427-82122.s That one sold for almost $1K!

Bobby131313 it's not just ICG here is an NGC (NCS) one...
http://coins.ha.com/itm/trade-dolla...6023-13400.s - The coin image is NSFW - like the 1916 SLQ!

Some that sold at Stack's Auctions:
http://www.stacksarchive.com/viewca...adinglevel=1

These are actively collected and can have more value than the low grade coin they are engraved on.

Didn't know I was so rounded in my numismatic studies huh?

Here is a previous CCF Thread on them: https://goccf.com/t/133301

And some more images of various designs on Twenty Cent Pieces from the new Double Dimes book/website. http://www.doubledimes.com/Potty.html

Following from an article on "Diversifying a Trade dollar collection" - by James D. Sneddon of the Carson City Coin Club. It has some great background on why the Potty Dollars were most likely made.

Since the Trade dollars weren't worth face value, some people modified the figure of Ms. Liberty to appear as if she were sitting on a chamber pot or a toilet, as a way to dishonor and mock the denomination, even to the point of making potty dollars out of several of the Proof coins.

In doing research on potty dollars, I do know that both P-Mint specimens and S-Mint specimens exist. I've not been able to confirm the existence of a Carson City potty dollar, but I'd very much like to have one (or some) in my collection.* Right now, I only own three potty dollars: an 1875-S, an 1877-S, and an 1878-S.

I have good reason to believe that Carson City potty dollars exist, because I know for sure that at least two impaired Proof potty dollars exist. One is an 1880 in VF condition from the New England collection, and the other is an 1879 in F/VF that was sold privately in 1993. I have to believe that a person is a lot more likely to find a "CC" potty dollar than he or she is to find an 1879 to 1883 impaired Proof potty dollar.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
Edited by westcoin
08/26/2014 12:53 am
Pillar of the Community
United States
7375 Posts
 Posted 08/26/2014  01:44 am  Show Profile   Bookmark this reply Add edweather to your friends list
Pillar of the Community
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9792 Posts
 Posted 08/26/2014  03:00 am  Show Profile   Bookmark this reply Add westcoin to your friends list
DevEngvd? = Deviantly Engraved?
I was pretty sure PCGS was grading them as well, I just hadn't found any quickly.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
Edited by westcoin
08/26/2014 03:00 am
Bedrock of the Community
United States
17884 Posts
 Posted 08/26/2014  10:45 am  Show Profile   Bookmark this reply Add Conder101 to your friends list
Like exoguy I have seen all denominations except the Half Dime. The coin in the OP is about average quality workmanship. I've seen pieces a lot cruder, and I have seen some that were done by some real quality engravers. They are very collectible, especially for the better workmanship pieces and the smaller denominations. Trade dollars are the most common followed by Seated dollars, half dollars, quarters, dimes, and then 20 cent pieces.
Rest in Peace
United States
4849 Posts
 Posted 08/26/2014  2:33 pm  Show Profile   Bookmark this reply Add johnny54321 to your friends list
Yeah, I have seen them plenty of times before. ALthough much cruder, I see them in a similar light as I do hobo nickels. Some are crudely done in a jokingly manner, while others are more carefully crafted and viewed as artwork, as crude as it might seem.
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 Posted 08/26/2014  3:26 pm  Show Profile   Bookmark this reply Add Tryna to your friends list
have absolutely ZERO respect for ICG now. That takes the word GREED to all new levels.


Just curious Bobby13,
have you lost all respect for PCGS too?

Both grade and slab them, both mark them as what they are.
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 Posted 08/26/2014  3:42 pm  Show Profile   Bookmark this reply Add weerdsteev to your friends list
Wow. The writers for the animated TV show South Park could have a field day with this.
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 Posted 08/26/2014  3:43 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Just curious Bobby13, have you lost all respect for PCGS too?
I cannot speak for Bobby, but they cannot lose what they never had (from me, that is).
Pillar of the Community
968 Posts
 Posted 08/26/2014  3:58 pm  Show Profile   Bookmark this reply Add chasingtailbar to your friends list
Anybody who trashes TPG's, especially the big two, needs to have a very vivid flashback to when the market was mostly ungraded material. My uncle collected coins in the '60's, '70's, and '80's, and was pretty much constantly ripped off, from what I can tell. Coins marked BU by the dealers were cleaned, circ pieces were bumped 2-3 grades, you get the idea. TPG's are great for teaching how grading is done properly and preserving the industry's integrity, because god knows that this industry, left to it's own devices, would probably have destroyed itself by now.
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 Posted 08/26/2014  4:01 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list

Quote:
I cannot speak for Bobby, but they cannot lose what they never had (from me, that is).


What he said. The word I'd like to use for it is not acceptable on this forum and PCGS has been one for a long time. For example, PCGS knows full well that "First Strike" coins are pulled randomly from a warehouse with no idea when they were "struck". But they do it anyway for the money based on a date on the shipping label. They could have been "struck" yesterday or the first day, who knows.
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 Posted 08/26/2014  4:17 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Anybody who trashes TPG's, especially the big two, needs to have a very vivid flashback to when the market was mostly ungraded material.
I cannot speak for all, but I still buy ungraded material. Education, not slabs, is they key to collector success.


Quote:
Coins marked BU by the dealers were cleaned, circ pieces were bumped 2-3 grades, you get the idea.
You know it, we always say it...

Buy the coin, not the slab (label, holder, written description, horoscope... you get the idea).

I am not saying TPGs are without value, but sometimes they make me want to...

Pillar of the Community
968 Posts
 Posted 08/26/2014  4:28 pm  Show Profile   Bookmark this reply Add chasingtailbar to your friends list
The reality is that new collectors want to jump right in and don't want to spend years educating themselves on the nuances of grading... if it took 5 years of learning before you could buy coins and not get gypped, this hobby would be long dead.

TPG's themselves engage in the education of collectors via providing them with accurately graded material, or by pointing out issues on coins submitted for certification. Additionally, PCGS provides tools like photograde, which I've seen referenced countless times here, as well as stuff like coinfacts, or even (apparently I can't even name the stinking site). They do far, far more good for the hobby than bad.

I buy most of my material ungraded and raw as well... that doesn't mean that we should condemn TPG's for what they do, they offer a very valuable service.
Edited by chasingtailbar
08/26/2014 4:30 pm
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 Posted 08/26/2014  5:39 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list
Looks like the good, the bad and the ugly (potty coins) are destined to co-exist ... along with the TPG'ers.
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 Posted 08/26/2014  11:17 pm  Show Profile   Bookmark this reply Add OldSkoolMadSkilz to your friends list
Usually these coins are altered to show Liberty sitting on a chamber pot. Never seen one quite this vulgar.

Bedrock of the Community
United States
17884 Posts
 Posted 08/27/2014  10:44 am  Show Profile   Bookmark this reply Add Conder101 to your friends list

Quote:
if it took 5 years of learning before you could buy coins and not get gypped, this hobby would be long dead.

Well that is what it took before the TPG's came along so I guess coin collecting must have died out over 2000 years ago, the TPG's never came into existence (since coin collecting died out so long before)and everything we are doing now is a collective figment of out imaginations.

No the hobby would not die out, it would be smaller and more knowledgeable.

Sometimes I see the coin collecting hobby as similar to a lot of people who like art and would love to paint pictures. But that took time, talent, and practice, so paint by numbers was invented.
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