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 Replies: 7 / Views: 1,644 |
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Valued Member
United Kingdom
216 Posts |
Does anyone know whether coins that are 'almost there' from a lowball point of view (e.g. FR02) have any 'lowball premium' or does the increase in collectability and value only come in at P01?
Many thanks
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Bedrock of the Community
United States
12057 Posts |
Mostly only at Poor 1 grades, problem-free. (no details designations.)
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Pillar of the Community
United States
1450 Posts |
The 1916 LSQ is a perfect example. If you can recognize any part of the date you can get a couple of thousand dollars. I see coins that are dateless selling for $1000-1500. They are forensically identified. Who really wants such a coin?
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Bedrock of the Community
Australia
21786 Posts |
Have a look at any of the recognised condition for grade listings.
The obvious rarities will stand out by their values in the lowest condition range.
Just about all of my lowball silver goes straight to my junk silver stash. Just check each piece for value, before consigning it to your junk silver.
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Bedrock of the Community
United States
17884 Posts |
As with the high end of the scale it is probably a matter of supply and demand. If you have a bunch of lowball collectors ad there is only 1 Poor-1 coin the price will be skyhigh, the rest have to be satisfied with a Fr-2. So then the question becomes "How many Fr-2's are there?" If there are more collectors than Fr-2's available then it will command a premium as well. If there are plenty of Fr-2's then no there won't be a premium.
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Pillar of the Community
Russian Federation
5172 Posts |
Well, there are some types that wear so badly, and/or some dates that circulated so little, that even FR-2 is very uncommon. IIRC there's something like 45 registered FR-2 coins over the entire Walker half series (and one PO-1, found on CCF a few months ago), because the date wears so easily; the situation is presumably similar for SLQs (outside of type 1, of course), and had it not been for relative lack of lowball collectors for that series, the Buffalo nickel situation would probably also be similar. Then there are the modern types - good luck finding a LMC below G-4 grade (though, again, I don't think anybody tried a set). And as far as the "little circulation" part goes... there's a guy out there (don't recall the CCF nick - might be multiple people actually) who is trying to get a set of classic US commemoratives in "circulated grades". Some of the dates in his set are in AU-55 - he wasn't (yet) able to find anything lower. As for the 1916 SLQ... it's one of the rarest circulating coins, after all - perhaps the rarest circulating coin in the 20th century (other than mint errors and patterns, anyway) - so of course it would be valuable in any grade (even "forensically identified"). |
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Pillar of the Community
United States
1450 Posts |
You know the mintage of the 1908S Saint Double Eagle is 22,000 and it sells for way less than the 1916 LSQ which has mintage of 52,000. I bet there are not 10,000 of the 1916 SLQ's with a readable date in existence. The dates did not wear off the Saints but they are worth their weight in gold so that can account for about $1070 of their value right off the bat. I am looking for a 1916 LSQ and I might just get one in January maybe in "F" or "VG" condition is it has a readable date.
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Bedrock of the Community
United States
17884 Posts |
Quote:
You know the mintage of the 1908S Saint Double Eagle is 22,000 and it sells for way less than the 1916 LSQ which has mintage of 52,000. I bet there are not 10,000 of the 1916 SLQ's with a readable date in existence. Supply and demand again. There are probably a lot more than 10,000 collectors that want that 1916 quarter and a lot less than 22,000 that want that double eagle. |
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Replies: 7 / Views: 1,644 |
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Posted 12/26/2015 11:28 am
