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 Replies: 40 / Views: 4,465 |
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Pillar of the Community
United States
919 Posts |
I received my voucher for 8 free grades. After seeing some slabbed low ball Walking Liberty's it got me to thinking. My dad gave me a set of very worn WLH's. Most early ones are G4 or so. All were collected in the 50's from circulation.
A question for Low Ball lovers...
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?
Thanks.
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Bedrock of the Community
United States
20753 Posts |
Don't know why anyone would send in a coin worth a few cents or a dollar or two for grading. However, at coin shows I see many coins that are far worth less than the grading companies plastic. Really can't imagine wasting time and money doing that.
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Pillar of the Community
 United States
919 Posts |
Thanks for the reply just carl.
I was not trying to turn this into a submit or don't submit thread. That argument is on this site far too often. I'm looking for somebody with low ball experience. For the record, I will buy any WLH you have for a few cents or a dollar or two.
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Pillar of the Community
United States
1944 Posts |
i tend to agree with the previous posts. one of the few reasons I can justify grading, would be to pinpoint a precise grade (for h higher value coin). i would thing in the G4 or so range - some one could reasonably grade / and agree on the coins grade. i received a 1913D Lincoln Cent in change/ and I was hoping it would grade G4, but after posting images here - the consensus was that it was a G3. I really couldn't disagree with the consensus opinion. the fact is - it was pretty clear what the accurate grade really was. |
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Pillar of the Community
Canada
3167 Posts |
@tpg22, I completely understand why you would like to get these graded. There are some members here who have a much more experience than I have in submitting lowball coins for grading, but I believe in order for a coin to be encapsulated, the date must be legible. Other than that and environmental damage, you should be good. Here is a thread where a member submitted a lowball: https://goccf.com/t/145679 Edited by noahs-numismatics
11/11/2013 12:28 pm
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Valued Member
United States
146 Posts |
Quote:
When submitting a G4 or so coin, what do I have to watch for so they don't come back ungraded? I have no experience with this type of submission nor do I have much experience with WLH so I can't give any specifics for this coin. I would think that when submitting any coin to a grading service you have to ask yourself is it real,has it been cleaned,polished or damaged(enviromental or other)in anyway that would prevent grading. If Walkers are your thing and you have looked at enough of them,then your eyes will tell you if something doesn't look right. regards coffeecup57 |
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Bedrock of the Community
13014 Posts |
Noah nailed it, they have to be able to figure out what it is and the date in order to grade it.
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Pillar of the Community
 United States
4589 Posts |
Actually a lot of lower grade WLH have been certified, check the population report: http://www.pcgs.com/pop/detail.aspx?c=733&t=1Some are clearly the key dates (16S, 21, 21D) - valuable even in low grades. But many of them are just ordinary dates. Maybe people just wanted the whole set to look uniform... -----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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Pillar of the Community
United States
919 Posts |
Thanks for the thread. I did notice not one person in that thread told him not to do it. I guess I'm still trying to fit in around here.
I would supply photos but I was told my last ones were not good enough so I'm not posting photos anymore.
Today marks one year for me at CCF. Thanks to all who have made it a fun place to visit. For me coins are a hobby and not a business. To spend $100 or so and come up with some low ball registry set coins sparked an interest. The fact that I got them from my Dad (and Grandpa) adds to the fun. If I put them in slabs my grandkids will get them next. I hope some of you have kids that want to have as much fun with your coins (when you are gone) as I am having with these.
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Moderator
 United States
23522 Posts |
Lowball sets are, right now, a Registry-only kind of thing; they don't enjoy anything remotely like "widespread" popularity. This is not to advise against doing such a set; just be aware that it'll be money you very likely won't recoup. A Lowball must be clearly identifiable for both date and mint mark. That could be problematic with the WLH's mint mark so close to the rim, although I've seen them down to G-6 or so with clear mint marks.
With that said, the current king of WLH Lowballs is Dennis Halladay. He's going to be a formidable opponent; he's a committed collector whose expertise spans multiple denominations (he's a top-tier VAMmer as well). But his #1 WLH Lowball Set doesn't go much below F-12....
This denomination is therefore kind of wide-open. It's not like Morgan Lowballs, where a set already exists composed completely of coins at the lowest-known grade, with only 14 of 92 required graded as high as FR-2.
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Pillar of the Community
United States
4589 Posts |
Playing with the population report, overall just 3.4% of the certified population is grades 1..35 or 11,902 of 346,685. BUT for certain dates... Description Total 1..35
Total 346,685 11,902 3.4%
1921-S 50C 1,676 1,430 85.3%
1921-D 50C 1,879 1,533 81.6%
1921 50C 1,585 1,146 72.3% Now, if you want the crown, focus on the 40s with Poor-2s and Good-3s and it's yours baby! -----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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Pillar of the Community
United States
4589 Posts |
 SuperDave - we HAVE GOT TO stop encouraging this kind of stuff  ... Still, I'm in for  -----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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Pillar of the Community
United States
919 Posts |
I saw Halladays set. Some of his low ball coins beat coins in my high grade set.
I agree the coins in the 40's are the key.
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Pillar of the Community
1751 Posts |
i wouldn't bother submitting earlier dates as lowballs for a WLH set, lowball early-date walkers are a dime a dozen. If you are focused on profit (you never stated why you would submit them) I would focus on later dates or other coins rarely seen so circulated. I personally submit lowball Ikes, I've got a bottom pop 74 already. I have a handful of '72 and '72-D's on my next set going in later today.
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Moderator
United States
23522 Posts |
Pro tip: There's plenty of well-worn newer WLH's out there; people just aren't selling them because they're just "junk silver" right now. If you want to be ahead of the power curve with some potential upside, you're scouring dealer junk bins for Lowball Walkers and Mercs to hold for 5 years or more.
Significant Lowball sets are very doable with those two issues, and that's why they're going to happen. They're doable.
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Pillar of the Community
United States
1372 Posts |
I have a safe of "given dimension". I'm always trying to put more in it, and making coins take up more space by having them slabbed, is counterproductive to me. I toss out OGP from commemoratives all the time and I have 5 proof sets right now that I'm going to junk out that are in capital plastics holders. They're so common that they'll never be worth anything beyond scrap prices anyway. I try not to buy proofs ... but sometimes they're just too cheap to pass up.
Assembling a lowball set of anything is something I wouldn't waste resources on. The cream always rises to the top.
Chance
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Replies: 40 / Views: 4,465 |
Posted 11/11/2013 11:40 am
