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Pillar of the Community
United States
1436 Posts |
While searching CC Morgans on E-Bay last weekend, I saw lots of "lowball" auctions. The lowballs had buy-it-nows starting at prices that were higher than AU coins, even common dates. To each his own, but I can't see why anyone would pay that much for AG coins...  . I think it's a fad that won't be around long  |
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Pillar of the Community
United States
4211 Posts |
I also like to think about the history of a circulated coin...just not all the way down the scale.
I don't get paying as much as I see people do for low ball coins either.
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Pillar of the Community
United States
1315 Posts |
I don't mind low balls or sliders, at least you know they're not fake. My last coin store purchase was for some well worn pre 1900 Morgans, and I'll probably going to go back to buy some next week on my return trip back home.
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Pillar of the Community
United States
1436 Posts |
thecoinguy1964, are you buying the lowballs for their silver content?
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Rest in Peace
United States
17900 Posts |
Lowball is the easy way to pretend you really don't want a nice coin.
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Pillar of the Community
United States
1436 Posts |
All I can say is  That's funny! |
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Bedrock of the Community
United States
12057 Posts |
It's not a problem, Moxking, just buy both.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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New Member
United States
32 Posts |
I thought I heard there are official low ball registry sets on PCGS and NGC. I haven't looked at them to verify or see what they are like.
The more creative people can be that gets people interested in the hobby is better for all of us long term.
Jason
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Pillar of the Community
United States
1963 Posts |
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Pillar of the Community
 United States
4593 Posts |
Yes, there are "official" low ball registry sets. And as with most registry set chasing, it's distorted the market. A genuine PO1 goes for more money than low MS.
Problems are /1/ the Fr2 and AG3s are garbage - not good enough for the sets and /2/ you can (if you carefully destroy a coin) perhaps create a PO1
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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New Member
United States
32 Posts |
I don't agree that it has distorted the market. The market is driven by supply and demand. The demand is there because people want to participate in the hobby and create sets that are appealing to them. Lack of supply, rarity, is driving up the prices just like it should.
Now I do disagree with "creating" low grade coins. That is something we do not need in the hobby. It is historically irresponsible to counterfeit history. Not to mention it is financially fraudulent given the market ramifications.
Jason
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Bedrock of the Community
United States
17884 Posts |
Quote:
I think it's a fad that won't be around long Define long. Lowball Registry sets have been around for years, and there have been lowball collectors around building such sets LONG before the lowball registry, and even before slabbing. |
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Pillar of the Community
United States
1315 Posts |
Dave, I've been buying coins from this same guy for about 25 years. He makes it sound like he's giving me a great deal, but he's still getting a silver dollar premium.
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Moderator
 United States
15475 Posts |
I salute your interest in honestly circulated CC Morgan's ... and fully concur that the history of our Nation's coinage is best told through such examples ... and the stories they could tell.  Refuse to get on my soapbox relative to 'lowball' collecting ... but fully admit that I am such a collector and have posted many times here at the CCF on the joy and challenges of finding honest coins to fit the sets. Lowball collecting is IMHO not a fad ... simply a method of collecting that pleases many of us but not (yet) fully embraced by the greater collecting community. David Take a look at my other hobby ... http://www.jk-dk.art |
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Pillar of the Community
United States
3343 Posts |
If I have ebay bucks and see a cc morgan for $40-50 I'll pick it up. I like having them around for just for being cc's, no matter what condition. I can't resist the idea of getting a cc for a deal. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Posted 12/12/2016 4:40 pm
