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 Replies: 40 / Views: 4,469 |
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Pillar of the Community
1751 Posts |
Dave, I go through lots of junk silver and I have yet to identify a later-date (say, '42 or later) in lower than maybe G6. I own an AG3 '41 with just the edge of the 4 and the 1 visible, but if it got much more worn, it would probably be ungradable.
Edited by FadeToBlack
11/11/2013 5:50 pm
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Pillar of the Community
1751 Posts |
By the way, Chancellor, I sold a FR2 Ike for $250. It's not a waste of resources if you use it to generate greater resources than you put in... AKA, profit. :)
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Moderator
 United States
23522 Posts |
Ikes and Morgans are hot in the lowball market.
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Pillar of the Community
1751 Posts |
I should put this sucker on ebay and see what I can get for it;  Next lowest in the pops is a 30.  Edited by FadeToBlack
11/11/2013 6:13 pm
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Rest in Peace
United States
4078 Posts |
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Pillar of the Community
 United States
4593 Posts |
Practically sells itself
"Population 1 @ PCGS"
"Only one in captivity"
"Never sold at auction"
"Out of 2722 certified examples this is the only one like it"
"You could search 1000 bank rolls and never find one in this condition"
And of course there is always truth in advertising: "Costs more to ship than it's worth"
-----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 |
So back to my original question. Has anyone submitted low ball WLH's for grading? Were any returned ungraded? Any photos out there? I hope someone can help.
This thread headed off path with many replies telling me not to do it. That was not the original question. Coins are a hobby for me. I do not expect any coin I buy to return a profit. Sorry if that confuses some people. To me a hobby is something you do for fun not to make money. If you don't agree that is fine. In my tax bracket it makes no sense to try to make money on coins. The capital gains taxes would eat up way too much to make the anxiety worth it (and tax evasion is not worth it). I figure every coin I buy is worth less the day I get it. This makes sleeping at night a little easier.
SsuperDdave, thanks for the junk bin suggestion. Over the last year I have bought well over 150 VF/EF WLH's. I never thought to buy a worn one of available dates. I will have to look for some the next time I visit a store or show.
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Pillar of the Community
1751 Posts |
Do you have access to the pop reports? Looking at PCGS pops, they're out there. After 1940, there are three graded AG3, none lower. 4 '38-D's, anda '39-S in AG3 as well, none lower. In totality, there are no PO1's, 82 2's... all the 2's are '21-S or before. Of the 82 FR2's, 48 are '21, '21-D, or '21-S. Hope that gives you an idea... and FWIW, PCGS wouldn't grade this Kennedy because there is no visible date, despite the fact it's 90% silver;  Sorry it's not specific to what you asked for, but I figure it is a nice example of a coin that is identifiable by year due to composition that they curiously won't grade because the date isn't visible. So the date absolutely must be visible. PS; if it was a '64-D, they would grade it since the reverse mintmark was unique to '64. There are no such coins like that in the WLH series as far as I know, unless you happened to find something like a DDR '46 in very low grade. Edited by FadeToBlack
11/11/2013 7:53 pm
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Pillar of the Community
United States
919 Posts |
FTB, that does help. What about a Walker with the 20 showing and the s mint mark on the reverse showing? Do all 4 digits need to show?
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Pillar of the Community
1751 Posts |
Just enough for identification. So if you can see the edge of the 2 and the 0, that works. To steal an example from another series, if you have an SLQ with a 1 showing, and all the other numbers are gone, it's obviously only a 21 since they weren't made in '11 or '31, so they would slab that as well. |
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Moderator
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15469 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
15469 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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First Page
Posted 11/11/2013 5:48 pm
