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 Replies: 10 / Views: 1,421 |
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Valued Member
United States
192 Posts |
how about the ugliest penny? I heard or read somewhere that some are so rare, it doesn't matter the condition.  |
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Moderator
 United States
14463 Posts |
I think probably any less than Fair, features would be lost that define a coin. That is really dependent on coin type.
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Valued Member
 United States
192 Posts |
i was wondering because when and if someone were to find that 1969s, or1970... or even the "lost silver from the melting period" and with enough definition to date and catorigize it... do low grade coins bring on the bucks?
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Pillar of the Community
United States
3540 Posts |
Yes, actually, they do. There is a trend of putting together a "low ball" set of just about any series. My personal experience...purchased an 1877 IHC in the coin dealers junk box for 15 cents (1986). Took it back to dealer, they said nope...not a 77. Thanks! Sold to another dealer for $50 face in 90% silver, waited 6 months, sold the silver, and bought my 1911 S (MS63) and 1914 D (XF) Lincoln cents for my collection. The 11 S and 14 D are still anchoring my collection - have obviously owned them the longest. |
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Bedrock of the Community
United States
12437 Posts |
Yes, very low grade modern coins do indeed go for premiums but not for any obvious reason. It all has to do with the TPG registry set craze. The whole point of a registry set is to try an accumulate the highest graded coins you can find and then your set is given a weighted grade. Some people got bored with that and started assembling sets of the lowest possible problem-free graded coins they could find. This newly found demand has actually given people a reason to slab coins that are PO-1 to AG-3 and then sell them for what most would see as ludicrous premiums  |
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Pillar of the Community
 United States
2448 Posts |
 I'm trying for a P-1 Morgan set, but it's much tougher than I thought. |
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Pillar of the Community
United States
2734 Posts |
Quote:
I'm trying for a P-1 Morgan set, but it's much tougher than I thought. My dealer knows I want "AG-3" Carson City Morgans, but most of the coins they set aside for me are technically better than AG-3. If they sell me technically higher-grade coins for AG-3 Greysheet bid or less, I can't complain.  So my 1889-CC hole is filled by a VG-8 damaged coin that I paid less than AG-3 bid for.   |
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Valued Member
United States
469 Posts |
PO01 commemoratives bring a premium over there UNC counterparts
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Pillar of the Community
United States
2448 Posts |
Wow, I've never seen a PO-01 Commem. All that I've encountered have been AU to MS. I take that back...except for the Stone Mountain Commem. I always thought it was because every Southern, Civil War, reenactor wants one in his pocket. I don't mean that in a derogatory way, it's just that someone explained the importance of the coin to all the participants.  |
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Bedrock of the Community
United States
14454 Posts |
I have seen PO-01 coins sell for a premium because they are people that collect low ball registry sets and this is the lowest any coin can grade
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Pillar of the Community
United States
2448 Posts |
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Replies: 10 / Views: 1,421 |
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Posted 10/16/2012 10:57 pm
