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Pillar of the Community
Canada
849 Posts |
Except for the 1947 Maple Leaf and 1948 Dollar - no depression there. I have been tracking those years graded by reputable companies for over a year and on ebay auctions they often go close to book value whereas other years can go 55 - 75% of catalogue including shipping. Edited by punman
12/30/2014 11:32 pm
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Moderator
 Canada
10460 Posts |
Quote:
will the low grade ones cost more than the high grade ones Only once they cross the threshold to being a "lowball" coin. I know someone who paid $50 for a beautiful 1967 dollar that you could not read any of the legends on both sides, it was _that_ worn. Obviously the reverse was the reason how one knew the date. My friend is sending it to ICCS, and I am convinced it will grade Poor (P-01). So in that case, yes, a low grade (G-4 or less) will cost more than a higher grade (EF-low MS, which is melt). "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
 Canada
2519 Posts |
I see, thanks guys! Pricing is one complicated subject.
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Pillar of the Community
Canada
4227 Posts |
Quote:
Only once they cross the threshold to being a "lowball" coin. I know someone who paid $50 for a beautiful 1967 dollar that you could not read any of the legends on both sides, it was _that_ worn. Obviously the reverse was the reason how one knew the date. My friend is sending it to ICCS, and I am convinced it will grade Poor (P-01). Would love to see that!  |
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Pillar of the Community
Canada
2495 Posts |
I can fully understand and appreciate someone's desire to collect a 'low grade' set, mainly for the fun and the challenge of it.
But paying a higher price for a worn coin than one of a higher grade is just down right foolish.
Oh well, guess I'm just missing out on some rare Poor's.
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Pillar of the Community
Canada
3234 Posts |
My view is that most of us and the 2 generations before us had silver change in our/their pockets and many were circulating in our pockets for many years/decades that way. No credit cards..etc..
They had paper bills for higher denominations and silver dollars were too big and heavy and uncomfortable to carry around and were rarely used for purchases.
Very few silver dollars would circulate for the decades needed to get really worn down like the smaller pieces did.
So a G grade of dollar would be next to impossible to find..then or now..The Canadian dollars started in 1935 and would have been seen as a novelty and tucked away as mainly a keepsake..
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Valued Member
Canada
372 Posts |
That makes sense. A well worn coin has history, since it wasn't hidden away.
My sister lives in the US and she says when people come across a dollar coin they put it away like they found a treasure.
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Pillar of the Community
United States
4233 Posts |
Perhaps I misread SlurExe97's question, but it doesn't seem overall that the population reports of the grading services track the trend values very well at all. Why grade a coin if the cost of grading exceeds the value? Take an example like the 1931 5 cent. PCGS shows 2 in EF45 and 2 in MS65, 40 coins total in >MS61 and 31 coins total <=AU58. Search ebay and get over 250 coins, most ungraded and pages to choose from for <$5. I agree that the lowball collectors really mess the logic, and "Pricing is one complicated subject" I certainly agree with. |
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Pillar of the Community
Canada
2519 Posts |
kbbpll, please don't always assume when I post in the grading forum, either for a coin or just a question, I mean TPGing the coin in question. I'm more often talking about the general availability of the coin, not the TPG population. |
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Pillar of the Community
United States
4233 Posts |
Sorry, I misread your question.
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Pillar of the Community
Canada
2495 Posts |
Pardon me if I've misinterpreted some of the above posts, but am I to assume that some of you are actually thinking a low grade coin having only a few graded should be more valuable than one that is an ms65 with 50 graded?
I hope not for everyone's sake.
The Pop numbers for a 'Poor' are lower than an Unc grade mainly because most of us in our right minds wouldn't submit a 'Good' 1959 dollar because it has only precious metal value, so why bother?
And for those who say a 1959 'Poor' $1 is rarer than one graded ms64, I say, maybe you're right in that it is of less quantity than an Unc, but does this justify a higher 'worth'?
Remember, the 'supply and demand' formula for value.
In the case of a 'Poor' 1959, there may be very little supply, but I would say there's almost 'zero' demand.
Edited by doubleeagle59
01/01/2015 4:13 pm
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Pillar of the Community
Canada
5402 Posts |
DE not quite zero demand but close . There are odd ducks like myself still struggling with a low ball dollar set. Those with the following in No damage, pleasing, Good 6 or worse please offer...............
1946, 1947 P7, 1948, 1951 WL . Then I will have a full silver dollar set in terrible condition!
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Pillar of the Community
Canada
2519 Posts |
Again, when I say "graded" I don't mean TPG'd. I'm talking about the availability of the coin in those grades. |
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Pillar of the Community
Canada
1461 Posts |
Doubleeagle, I don't think anyone is claiming that G coins should supersede MS graded ones in value but not necessarily because they are "less desirable" but because you can turn an MS65 coin into a G over time and that formula hardly works the other way around. Low grade coins that are difficult to find as such do command a premium especially when TPG graded. Of-course these premiums are not comparable to UNC coins, but they often fetch significantly higher values that melt. |
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Forum Kid
Canada
1074 Posts |
In my opinion this coin is a MS-64 light marks!
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Posted 12/30/2014 2:01 pm
