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 Replies: 34 / Views: 4,232 |
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Bedrock of the Community
13014 Posts |
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Basically what I'm getting at is, stop worrying about what other people are collecting. I couldnt agree more. I couldnt care less if Fatman wants to collect them or not. I was responding more to his attitude looking down on them and just calling them trash in several posts. If no one responded to it someone knew could see his comments and be turned off to them for no reason. People should collect what they like. I dont like toning for instance but I dont blast people that do. It was the looking down on them and making it sound like PCGS is exploiting people with those sets that got my attention |
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Pillar of the Community
United States
648 Posts |
My reply wasn't intended towards you at all, Basebal.
I agree with everything you have had to say in this thread.
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Pillar of the Community
 Israel
2420 Posts |
I don't really mind if someone is collecting low-ball coins, but this is not the issue.
I was wondering why are low-ball coins selling for this kind of money, while everyone could "create" a low-ball coin out of Fr2-AG3 example he could purchase for cheap.
I well understand the principle of supply and demand, and if there are many collectors who want their PO01 coin right now, and only few coin, prices will go higher.
However, keep in mind that low-ball coin population is ever growing, which is not something I find attractive.
I'm not collecting coins to make money, but it seems to me that the low ball premium should always stay low as one could simply "create" one.
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Bedrock of the Community
13014 Posts |
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I'm not collecting coins to make money, but it seems to me that the low ball premium should always stay low as one could simply "create" one. Thats a fair point, though the ones that really carry a premium arent really from the circulated series. Its the coins that are generally found uncirculated or little wear like the classic commemoratives that carry the large premiums. Its true you could create one if you had the patience and a few years to wear it down, but its not like you could order a roll and make the population explode easily. Even if you did make 100 for a series like that thats still a very rare version of it. |
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Valued Member
United States
362 Posts |
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Fatman- I really don't understand the you know better than everyone else attitude. I don't really care about lowballs either. I was just busting your chops as they say. I do this because as you've noticed it creates a lengthy dialog for me to get as many opinions and reasons behind various collections as possible. By doing this it educates me on subjects I'm unfamiliar with. I know that by bringing out peoples passions on a subject, I can get truthful and reasoned answers on the subject at hand. Please don't take anything I say on any forum as ridicule, hate or arrogance because while it may appear as such, it's nothing more than my attempt at keeping things light hearted while gaining understanding. Have a Happy Day. |
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Pillar of the Community
United States
1302 Posts |
@Fatman- that may be a byproduct of what you are doing, but I don't think it is your intent at all. It's a turn off. The whole subject doesn't effect me- I'm not into these coins myself- but it is arrogant and rude to post the kinds of things you post, and it's disingenuous to walk it back when people call you out and say, "see, I got the intended response." This is the internet. Trolls live on the internet. I shouldn't expect anything less.
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Pillar of the Community
United States
2311 Posts |
Even if you make your own, have fun spending hundreds of hours just to wear down the ike.
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Pillar of the Community
United States
2815 Posts |
I'm glad to see that people collect lowball coins like this. That is what makes this hobby great. The variety of what people like or don't like is interesting to me. Some people love pennies, some love silver dollars (yours truly), and still others only collect modern coins. People can feel good about any "brand" of coin they collect. That's why I really appreciate this forum. My first impression was that no one was looked down upon because thy collected this coin or that coin. Heck, some even collect counterfeit coins. That is welcomed too. You can make yourself at home here. It's a good place to share and learn. Just think, if the Ike dollar had been embraced in the 1970's and continued to be produced for years afterward, there would probably be many more of these around today. If only. . . . |
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Pillar of the Community
United States
899 Posts |
I like the lowball coins - not so much the modern coins like the Ike - but the older traveled coins. Finding a pristine coin or commemorative is always my 1st choice. My view on lowball coins is the same as many who collect them - the history of the coin - how it got to the condition it did and how it avoided being melted with all the price fluctuations is enough to make them unique. To find an 1860's coin and consider it may have been in Lincolns coin pouch, or a 1930 depression coin... if they could tell a story...
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Bedrock of the Community
United States
17884 Posts |
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Since the coin in this thread is an Ike, we can assume that it was not genuinely circulated and changed hands for too long.
At most, it might have spent a few year in someones pocket. 36 years, long time to wait for a pay-off, especially when you can't be sure there will be a pay-off at the end. Quote:
you could purchase problem free, truly worn FR2-AG3 coin for less than 5$. How much time do you suppose it will take it to wear off to become PO01? It would actually take a little while and it would also remove the patina that had formed on the Fr-2 that would have to be restored or you are not going to be able to get it slabbed. And you are going to have to be able to do that recoloring without it being detected by the TPG. Also in the case of the 1859 IHC the grading bell curve is shifted much further to the left so Pr-1 coins are more common and thus the premium isn't as high. it's kind of like ASE's where the grading curve is shifted to the right due to higher quality control so that there are a lot more 70's. They still bring a premium, but anything less and the premium disappears. Same thing for the Pr-1 1859 IHC, it can have a premium but shift up one grade and the premium disappears. Oh and I don't participate in the Lowball Registry chase either, but I can see the challenge and allure of it. If these people want to pay high premiums to get those pieces that are very hard to find in those low grades that's fine, what you are seeing is supply and demand. The demnad is high and the supply must be low or they wouldn't be reaching those prices. It's not like collecting high grade coins where most anything you want is readily available (Unless you only collect Top Pop coins) Edited by Conder101
04/16/2013 5:52 pm
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Valued Member
United States
362 Posts |
@cc99999, where to begin. 1. Those half dead nickels you referred to,were for the last three holes of a Jefferson nickel book for a special needs 10 yr old boy who has a very hard time remembering the value of a nickel = 5 cents. I doubt that anyone but a fool would put a MS67 in that book. (Feel good about that comment?) 2. I was wondering about your sense of humor because what you call arrogance was what most call New York style humor. 3. A dose of chill out is indeed in order, all the way around. 4. Agreed, Trolls do live on the internet, sadly they're usually in chat rooms with kids. But if stating one's opinion and giving valid reasons or pointing out factual information is hurtful to ones sensibilities, may I suggest counseling. 5. Even when I tried on three different posts to calm opinions down misunderstandings occurred, leading me to provide a reply to clear up my view point. Lastly Basebal21, when I said the lowball, internet, library comment, you were close to what I meant. In actuality it was more along the lines that coins that are very low mintage any grade are keep-able. Otherwise generally below an ag-3 are simply bullion or junk coins. These are my opinions and nothing else. I can understand collecting anything because it appeals to someone, I can not understand the premium paid for what is/has traditionally been the bullion level coin or the bottom grade. Suppose I never will get it. Edited by Fatman
04/16/2013 7:04 pm
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Bedrock of the Community
13014 Posts |
Quote:1. Those half dead nickels you referred to,were for the last three holes of a Jefferson nickel book for a special needs 10 yr old boy who has a very hard time remembering the value of a nickel = 5 cents. I doubt that anyone but a fool would put a MS67 in that book. (Feel good about that comment?) You missed the point of his comment. It wasnt to actually degrade you it was an example of how someone could say that about your collection like you were saying about lowballs. Quote:
Lastly Basebal21, when I said the lowball, internet, library comment, you were close to what I meant. In actuality it was more along the lines that coins that are very low mintage any grade are keep-able. Otherwise generally below an ag-3 are simply bullion or junk coins. These are my opinions and nothing else. Thats fine no one said you have to collect them. If you had simply said I dont get the allure of them or why they have the premiums no one would have a problem with what you said. But you didnt say that you degraded them for reasons that apply to all coins across the spectrum in anything but the top grade blast white coins. I dont collect low balls myself but I understand what they are and their market in the same way the markets for the top grades work. I'm not trying to convert you to them but you should think about your criticisms of them considering how needing a picture or once theyre that way doesn't go back also applies to toned coins or anything not AU or above. I have to agree it does seem your trying to walk it back now with how abrasive you were towards them. Whether or not any of this clicks with you doesn't matter much to me but other people read the comments and without clarification would have walked away thinking PCGS is taking advantage of suckers which isn't the case. |
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Pillar of the Community
United States
1795 Posts |
Many collectors are low ball lovers and there is nothing wrong with that. If thats what they like fine its their money thats buying it. Myself I like the best I can afford and its certainly not lowball. I will say though that I have a few lowballs but they are only additions as far as a sample of an earlier era of the coins that I'm actually collecting.
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Moderator
 United States
23522 Posts |
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@Fatman- that may be a byproduct of what you are doing, but I don't think it is your intent at all. It's a turn off. With all due respect, you're doing the other "it's the Internet" fallacy: overreacting based on your opinion of the import of someone else's words without having a clue as to their intent. Me, I've been laughing out loud for 36 hours at fatman's responses. Quote:
I was reconsidering my use of the word sucker, and for that I'm sorry. I believe those to be honestly-expressed words, but I chose to interpret them differently and as a result that was the funniest thing I read all day. Lighten up, guys. |
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Pillar of the Community
United States
965 Posts |
That is one cool coin  , I don't care what anyone says  |
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Posted 04/15/2013 11:54 pm
