Lowball Morgans?

Looks like someone got carried away with the bidding. That said they still sell for $30~ in F-VF compared to scrap value at local dealers.

That's a perfect lowball P01, a slam dunk for the grade. There are only two 1881-S P01's in slabs right now; this one will soon be the third. And there are 67 active PCGS Lowball Morgan Registry sets. Enough said?

There are 31 dates/mints with only one existing coin in the lowest-known grade, and 15 of those are FR-2 with no P01's known yet. This is a real opportunity for churning lowballs, as long as you're confident they'll slab FR-2 or better.

I think coins like this a fantastic because it makes you wonder who has owned it and were it's been. From my short time on this forum ssuperdave is the ZEN Master when it comes to low ball Morgan's.

I sell Mogans on ebay every day and, from time-to-time come across low ball coins without problems. I headline them as "low ball" and yes, there is a demand for them. I never pass up the chance to dig through the melt box of Morgans at my local coin dealer to look for them. PG

Stamp, I agree, that is why I started the thread. It is just amazing to me. I was aware that people collected them but I did not know how popular they are.

I don't see the appeal at all. I don't care if no TPG has slabbed any examples at all. To me, that only means nobody wanted to waste the money on having it slabbed.

Some of these same "low ball enthusiasts" wouldn't pay 11 cents for a 1916-D merc that's been "dipped", so the whole concept escapes me, I'm afraid.

I have a lowball 1811/09 capped bust dime. It's condition is so lousy that it was actually given to me. It's rare, but it's still a piece of junk ....really rare junk. I keep it because it was given to me, but owning it is hardly a source of pride.

Chance

Speaking to the side of the fan of low-ball coins ... I readily admit that the hunt for truly circulated coins with honest surfaces appeals to me.

There is something special about holding a coin that has served our nations commerce to the point of being so worn it is barely identifiable by modern standards.

I am not currently pursuing the Morgan dollar low-ball set ... but do understand in my own way the bidding interest in the OP coin.

Hopeful the coin sells for a true premium to a like-minded collector.

I am an absolutely dedicated collector of the circulated classic USA silver commemorative type set ... an imposing and nearly impossible quest to achieve ...

This is a very difficult set to achieve in circulated condition ... and I challenge anyone to explain why such a collecting pursuit does not merit consideration as a true numismatic challenge.

Same for the OP coin ...

Bottom line IMHO ... to each their own in pursuit of this great hobby.

David

This may be a odd question but, are there any years that Morgans didn't circulate at all? I know that large amounts where locked up in vaults until the 60's or something like that. So I would assume that is why there just aren't that many coins that where every in circulation.