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Low Ball Morgan Silver Dollars

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Copper Penny Connection's Avatar
United States
415 Posts
 Posted 03/20/2016  09:56 am Show Profile   Bookmark this topic Add Copper Penny Connection to your friends list Get a Link to this Message Number of Subscribers
Hey,
Just got the news back from my dealer portal that a couple of the Morgans I sent in came back the P 01 (Poor 1) that I was looking for. Upon looking at the consensus, I seen only 3 certified between P01-AG3 for the 1891-O, and 0 certified for the 1879-O....
Any idea as far as value? or just how unique these coins are (if you consider them to be)....
You can see the coins through the certification verification.
3731127-001
3731127-003

also had a nice toned 1891 in the batch that came back MS63 (3731127-004).

Thanks for looking and opinions appreciated:)
Rest in Peace
dave700x's Avatar
United States
10625 Posts
 Posted 03/20/2016  10:24 am  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply
Value for lowballs is whatever a registry set collector is willing to pay.
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nickelsearcher's Avatar
United States
15457 Posts
 Posted 03/20/2016  10:38 am  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
What TPG are you using? Those are not PCGS certification numbers.

There is a lowball Morgan dollar collector named Mike Hoyman who has assembled over a lifetime of searching what IMHO is beyond a doubt the most impressive certified lowball set ever known.

His coins are all in PCGS holders and all but two (1893-S and 1894) are certified PCGS PO01. The other two are certified PCGS FR02.

Mike's set is so spectacular that PCGS paid to have it shipped and exhibited during the ANA National Money Show last year.

Your coins are 'common' (if you can call any PO01 coin common) in the PCGS registry with multiple examples of both dates certified at PO01.

As to value ... lowballs are a tricky world where someone might want it bad enough to pay moon money ... or not.

Mike Hoyman has told me that he would pay $5000 for a PCGS PO01 1893-S Morgan ... think about that next time you come across a well worn coin.

David
Take a look at my other hobby ... http://www.jk-dk.art
Edited by nickelsearcher
03/20/2016 1:16 pm
Rest in Peace
moxking's Avatar
United States
17900 Posts
 Posted 03/20/2016  11:12 am  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
Finding the buyer for low-balls is often the most difficult task. There are relatively few who specialize in "high end" "low end". But, as has been mentioned, the value is strictly dependent on one of those folks needing what you have.
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Canadian-Banknotes's Avatar
Canada
4944 Posts
 Posted 03/20/2016  12:12 pm  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply

Quote:
What TPG are you using? Those are not PCGS certification numbers.

They are NGC certification numbers.
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Cascade's Avatar
United States
7390 Posts
 Posted 03/20/2016  1:04 pm  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
If you want to sell them, Heritage is where the registry guys will get stupid
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D0ubl3Eagle's Avatar
United States
5854 Posts
 Posted 03/21/2016  11:33 pm  Show Profile   Bookmark this reply Add D0ubl3Eagle to your friends list Get a Link to this Reply
As far as I know only PCGS registry sets allow you to create a set of lowball coins. So if they are in NGC holders, they may not realize as much as if they were in a PCGS holder. Lowballs are somewhat tricky to price due a lack of public auction records and that they go against the convention that coins in better grades are worth more. PCGS has certified more 1921 morgans in PO-1 than any other dates. In a PCGS holder, that coin could auction for $150 give or take.
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