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 Replies: 45 / Views: 5,280 |
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Bedrock of the Community
United States
17884 Posts |
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I would just never put the words "coin collecting" and "investment" in the same sentence. Coin collecting is often not a good investment. With the possible exception of the Morgan, none of pauldog's coins would be a acceptable lowball candidate. To be a lowball candidate it has to be able to be certified as a problem free coin. Usually by the time gets down that low in grade it has been damaged somehow, cleaned, scratched, dinged etc, and won't straight grade. What I wonder on the coin listed in the OP is how they could tell it wasn't a 41 O. I can't see the area in the pictures clearly enough to be sure. |
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Bedrock of the Community
United States
20753 Posts |
I wonder if someone will eventually post a flat washer as a coin in P-004 grade.   |
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Pillar of the Community
 United States
6514 Posts |
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I wonder if someone will eventually post a flat washer as a coin in P-004 grade |
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Pillar of the Community
United States
3470 Posts |
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CAC starts doing "low for the grade" stickers. Brown bean? |
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Pillar of the Community
5464 Posts |
Quote:I suppose it would be hard to take a pretty poor coin and make it bad enough to be a P01, and get the TPG to grade it that way. Walk around with that Morgan in your packet for the next 10 or 15 years, you might get there. |
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Pillar of the Community
United States
8715 Posts |
I am not a huge fan of lowball collecting, but to each their own!
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Moderator
 United States
188443 Posts |
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I would just never put the words "coin collecting" and "investment" in the same sentence.  Quote:
I am not a huge fan of lowball collecting, but to each their own! I have a lowball Ike. It was a gift and therefore has sentimental value. |
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Valued Member
United States
325 Posts |
"none of pauldog's coins would be a acceptable lowball candidate" I feel insulted that you don't think my coins are crappy enough. :) I went back to the well and figured out my best candidates... The trick with a coin with no mint mark is to make sure that area is unworn enough that if there was a mint mark, it would be visible. That got me to reject at least one coin as a candidate. On some coins, I see a blob that takes a lot of scrutiny to tell if it's S or D.       Edited by Pauldog
03/04/2019 2:53 pm
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Pillar of the Community
Canada
5240 Posts |
All coin collectors are a little eccentric. Collecting low-ball is one of thousands of ways of being eccentric.
And, @westernsky, 6000 1938D buffaloes is pretty eccentric-I have never heard of that, and I am impressed!
How do you store them-in tubes and boxes?
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Pillar of the Community
United States
3343 Posts |
Finally Pauldog pulls out his good stuff. Here's mine, which I have used before here to make other points.I paid no premium - as I recall it was around $50.  It used to be shiny until I dunked it in silver test solution to recover the last 4. I think it could slip past the grader and get the straight P-01 for the worst 1844 dollar. Sorry no reverse, but it's not worth the pixels. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
03/04/2019 4:23 pm
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Pillar of the Community
United States
8516 Posts |
Thq...Don't know about the reverse but the scratches on the obverse would kill it.
Well that and it being acid dated.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
Edited by 52Raymo
03/04/2019 4:25 pm
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Pillar of the Community
United States
7620 Posts |
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How do you store them-in tubes and boxes? Oriole... I started off by just keeping them loose in a large canvas coin bag. After about 10 years that started getting to be too heavy to move around. I then started putting them into quality plastic coin tubes and then putting those into the blue heavy duty cardboard boxes that hold 50 rolls of nickels. That seems to work pretty good. The boxes fit neater in my safe than do bags, too. One of these days I'm gonna go through them and sort them out by OMM's and by grades. My original goal was to only accumulate one bag of 4000 coins. Since they have gotten cheaper the last few years I just kinda told myself...what the heck, might as well do another one! So, still at it! I'm a little more picky than I used to be and try to only buy fine and better coins now. Everybody needs a project. From lowballs to hoarding it keeps us busy! Edited by westernsky
03/04/2019 4:38 pm
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Pillar of the Community
United States
3343 Posts |
I could dunk it again and the thumbwipe scratches would disappear. However a coin of such rare lowliness should be worth thousands of dollars to the right collector.
As Bob and Ray said about the million dollar copy machine, "I only have to sell one."
But I'm hanging on to it for now. I'm not ready to flip my $50 treasure yet.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
03/04/2019 4:38 pm
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Moderator
United States
188443 Posts |
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I feel insulted that you don't think my coins are crappy enough. :) |
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Pillar of the Community
Canada
5240 Posts |
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Everybody needs a project. From lowballs to hoarding it keeps us busy! @westernsky, I completely agree. We collectors have to be collecting something all the time or we get squirrelly. In addition to bigger projects, we need something that we can easily add to. Clearly you can always find a few 1938Ds almost all the time. I have a few obsessions myself, like British Commonwealth large pennies. |
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Replies: 45 / Views: 5,280 |
First Page
Posted 03/04/2019 09:01 am
