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General Question On Value Vs. Grade

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United States
1326 Posts
 Posted 07/18/2016  1:38 pm Show Profile   Bookmark this topic Add otto to your friends list Get a Link to this Message Number of Subscribers
I've noticed that coin guides such PCGS list higher valuations for P1 than many of the next grades up. This certainly is counter-intuitive. Perhaps I'm not reading tables correctly. Thx in advance.
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jgenn's Avatar
United States
1156 Posts
 Posted 07/18/2016  2:01 pm  Show Profile   Bookmark this reply Add jgenn to your friends list Get a Link to this Reply
P1s are sought after for the lowball registry sets.
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United States
1326 Posts
 Posted 07/18/2016  2:02 pm  Show Profile   Bookmark this reply Add otto to your friends list Get a Link to this Reply
People take pride in having the worst?
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Chute72's Avatar
United States
1314 Posts
 Posted 07/18/2016  3:07 pm  Show Profile   Bookmark this reply Add Chute72 to your friends list Get a Link to this Reply
The answer is that some of us are nuts.
The challenge is to identify.
In this first example, weights and dimensions helped identify it as a Mexican 1/4 Real 1858-1862.
General-Question-On-Value-Vs.-Grade
This next one was a little tougher. Yes, a 1921-S Morgan dollar, but which VAM? Of over 170 choices, It prove to be VAM-29.
General-Question-On-Value-Vs.-Grade
Now it gets harder. I've been scratching my head over this one for a long time, but no success.
My only clue is that I found it in the road.
General-Question-On-Value-Vs.-Grade
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jbuck's Avatar
United States
188213 Posts
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biokemist6's Avatar
United States
12437 Posts
 Posted 07/18/2016  4:38 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply

Quote:
Now it gets harder. I've been scratching my head over this one for a long time, but no success.
My only clue is that I found it in the road.

Zinc-plated steel slug, a punchout from an electrical box(the little rusty tab on the right side was the attachment point).
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sel_69l's Avatar
Australia
21786 Posts
 Posted 07/18/2016  7:45 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Now, THAT'S lowball !
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Chute72's Avatar
United States
1314 Posts
 Posted 07/19/2016  04:06 am  Show Profile   Bookmark this reply Add Chute72 to your friends list Get a Link to this Reply
It's my spoof coin. It was also featured in a cleaning/conservation piece. How to remove road tar while preserving patina.
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Conder101's Avatar
United States
17884 Posts
 Posted 07/19/2016  4:00 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
People take pride in having the worst?

Yes, it can be VERY challenging to find very low grade coins that have not been damaged from circulation or cleaned, that can get into a problem free holder. Usually by the time a coin gets down to a Pr-1 or Fr-2 they have picked up scratches, gouges, rim bumps etc and can't get into a non-details slab.
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trout1105's Avatar
Australia
7096 Posts
 Posted 07/20/2016  03:23 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
This old Brit Crown that I have in my Junk box is probably Down there with the other coins in very poor condition



General-Question-On-Value-Vs.-Grade
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UltraRant's Avatar
Norway
1358 Posts
 Posted 07/20/2016  09:07 am  Show Profile   Bookmark this reply Add UltraRant to your friends list Get a Link to this Reply
I thought that the definition of a lowball coin is that the coin still can be fully identified (so: country, face value, year and mint where applicable) despite being heavily worn but not damaged. Am I missing something here?
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jbuck's Avatar
United States
188213 Posts
 Posted 07/20/2016  11:27 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
This old Brit Crown that I have in my Junk box is probably Down there with the other coins in very poor condition
I like it.


Quote:
Am I missing something here?
No, I think you got it.
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