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Moderator
 United States
15530 Posts |
I'm a bit late to this thread (work alas gets in the way) ... so I'll add my 2 cents worth now ... I readily admit to all that I am a fan of collecting lowball coins ... for me this is a fun way to enjoy the hobby ... and for some series it is a very challenging way to assemble a set. My particular lowball collecting passion is circulated classic silver commemorative ... I have a long running thread in that sub-forum documenting years of effort to assemble a type set of these coins ... and will readily debate anyone who believes this is an 'easy' or 'trivial' collecting challenge.  https://goccf.com/t/98223&whichpage=1It's apparent the topic of certifying lowball coins always generates opinions on both sides of the ledger ... and such should always be the nature of friendly debate at this best of all coin forums. My view is that I don't care about future profit ... I do this because I enjoy the collecting challenge and truly enjoy the coins is such circulated state. Believe the OP stated the same. Sooooo ... to the OP question ... Quote:
Has anyone here submitted low ball coins for grading or do most just buy slabs when they see them at shows?
When submitting a G4 or so coin, what do I have to watch for so they don't come back ungraded?
I've submitted many lowball to PCGS ... mainly USA classic silver commemorative and Peace dollars. The most important thing you need to watch out for are surface issues that would result in a 'Details' grade ... damaged, cleaned, PVC, questionable color ... etc. There is an entire listing of these sins on the PCGS site ... and hopefully you are astute enough to not submit a coin with any obvious surface issues. It would be remiss of me to not discuss the topic of attribution ... Despite strong statements given above by many knowledgeable experts ... a lowball coin does not necessarily need to have a visible date/mm.  There are many USA coins which are one year type ... and as such can be certified as true lowball by identification of the particular type diagnostics. Perfect example is the 1921 Peace dollar ... identifiable way beyond date worn off by the shape of the remaining tiara above Ms. Liberty head. Anyways ... I offer my best wishes to your pursuit of a lowball Walking Liberty set ... and look forward to any photos/updates you choose to share.  David |
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Pillar of the Community
1751 Posts |
I guess David is correct, in a way... if it's a unique type/design feature, they may slab it, although you may have to point it out to customer service to get it slabbed. In the example of my '64 Kennedy, I'm guessing they can't assure that it isn't a '65 or '66 on a '64 planchet, so they won't certify it. They will slab dateless 1916 SLQ's if the diagnostics line up, that's another example of a coin that doesn't need a date, just design markers to identify the year.
Edited by FadeToBlack
11/11/2013 8:55 pm
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Moderator
United States
16679 Posts |
I understand the low ball coins for registry sets but what I can't get my brain around is why anyone would send in an AG or G4 common coin. I see these at shows all the time.. A G4 common Barber dime in an NGC slab. swcoin.ecrater.com
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Pillar of the Community
 United States
919 Posts |
nickelsearcher, it is your thread that is partly to blame for this quest. I have followed many of the coins you have posted. That got me to thinking about my dads circulated WLH's. Then I looked at the low ball sets and saw most have AU55 to VF coins. I have many G coins that my dad collected out of circulation. Makes me think I can have some fun and get a true low ball set.
You are correct, if I was looking for a profit this would be the last thing to do. Just looking for more ways to enjoy the search for WLH's.
The attribution part is useful for me. There are years of WLH where only s minted coins were produced. A coin from those years could be missing a lot of the date or even the whole mint mark and still be ok.
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Moderator
United States
15530 Posts |
A few additional comments/replies ... then off to bed for me ... Quote:
They will slab dateless 1916 SLQ's if the diagnostics line up Correct ... any reputable TPG would also slab a dateless 1915-S Panama Pacific Exposition half dollar ... one year type ... for evidence of such a beast simply check out "Worn Out" example on the PCGS Registry. The point on attribution was intended to not stir a debate ... but enlighten the OP to the possibility that some of his WLH might be certifiable without a full date/mm. Quote:
Makes me think I can have some fun and get a true low ball set.
That is the best thing I read in this entire thread ... and I humbly suggest to all that collecting is a personal thing with personal objectives ... 99% of us never expect to 'profit' ... hence having fun pursuing a collecting goal is what binds us all together. The best we can do for each other IMHO is share honest views ... while always respecting the collectors preference (assuming no mayhem or deceit). David |
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Pillar of the Community
Canada
2805 Posts |
My lowball roster keeps growing... every time I find a badly cleaned or polished coin, it goes in my pocket.
So far, I have actually succeeded in wearing some fine wire-brush lines off of a Dutch gulden, in under 4 months!
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Pillar of the Community
Canada
3167 Posts |
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Pillar of the Community
United States
3755 Posts |
The main considerations have been covered. No damage to the coin and date/mm detectable in any coins that have no other diagnostics. That about covers it. Personally, I like honestly worn coins. I sold a lowball Morgan not that long ago for more than I could get for a AU 1921. LOL These are the coins rattling in my pocket being made into lowballs.   The Kennedy is just about there. |
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Pillar of the Community
United States
8137 Posts |
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Pillar of the Community
Canada
3167 Posts |
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Pillar of the Community
United States
531 Posts |
A lot of responders to this thread use future value, or profit potential when deciding what coins to submit to a TPG. Nothing wrong with that, but I am headed in a different direction. I have been collecting, and studying Two Cent Pieces for quite a while. Currently I am closing in on completing a 1864, large motto, Two Cent grade set. This set will consist of each grade totaling 26 coins. At the higher end the coins will be brown. The highest grade NGC graded 1864 LM is a MS-66. So far I need a P-01, a FA-2, and a VG-8 to complete my goal. In itself the set will be a great learning and teaching tool. Eventually I expect to develop an Exhibit for my state's annual convention and coin show. So, there are other reasons to collect and certify low grade coins. Just my Two Cents worth....... |
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Pillar of the Community
 United States
4594 Posts |
Nice... both the idea and the pun!
-----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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Moderator
United States
23522 Posts |
Nicely done, Penny Guy. Grading sets are another good reason for lowballs, and if something like a grading set were within the reach of the majority of collectors I'd recommend them for everyone. There's no better way to keep your own grading skills current - and avoid "enthusiasm creep" - than physical examples of known grade to compare a new coin to.
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Pillar of the Community
United States
531 Posts |
Thanks Dave. I'll comment on one of my "learnings" so far. TPG grades are opinions only. Yes they are informed or expert if you prefer, but still opinions. What grade you as the collector thinks a coin is, is what counts. When comparing my XF-40 coin with the XF-45 coin I and a dozen others, whose opinions I respect, all agreed that the coins needed to be switched. The lesson there is lack of consistency which reinforces the need for a collector to take the time to learn grading for the coins they collect. |
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Pillar of the Community
United States
919 Posts |
If a buyer does not think the coin is XF45 it doesn't matter what the owner thinks.
Looks like I started an interesting thread. This has well over 800 views in 2 days. We now have a poll going in another thread and I just saw a new thread asking if a certain coin would benefit from a little time in a pocket. I didn't know it on Monday but this artificial circulating might just be the next big thing (I know for some of you it was going on all along).
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Posted 11/11/2013 8:54 pm
