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 Replies: 11 / Views: 1,428 |
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Pillar of the Community
United States
586 Posts |
Okay this has probably been discussed 100 times. And I've tried Google. But I can't seem to phrase this in a way to get an answer... why is the price scale at 1 higher? What am I missing on this?
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Moderator
 United States
15396 Posts |
Did you mean to type PCGS? I don't recognize Pcgc.  What do you mean by 'scale at 1 higher'? If a human can't understand the question then no wonder a search bot such as Google is struggling as well.  Edited by nickelsearcher
02/20/2023 05:58 am
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Moderator
United States
56855 Posts |
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Moderator
United States
187862 Posts |
Quote:
Did you mean to type PCGS? I don't recognize Pcgc. Title corrected, assuming it was an error. I do not understand the question either. |
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Pillar of the Community
 United States
735 Posts |
Do you mean lowball coins? P01 & fr02 get a premium over say a vg or vf coin because some people like really worn coins.
I've been collecting for a couple years... Favorite Coin's are Standing Liberty quarters, Working on my type set | Coffee, Corvettes, Coins & the CCF what could be better? |
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Pillar of the Community
United States
505 Posts |
Yes - It is difficult to find problem-free Poor-1 coins with the date and mint mark remaining, so people collect these to make a "lowball" set.
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Pillar of the Community
United States
3641 Posts |
 It boils down to supply/demand; for lowball collectors, there is some competition in acquiring straight-graded coins in the lowest grade available, sometimes resulting in price increases for those above higher-graded coins. You especially see that for coin series which didn't see a lot of circulation. A bit comparable to top-pop coins where even very common modern coins can go for crazy prices in the highest available grade due to registry-set competition. Member of SPMC, FCCB, ANA and ANS. My U.S. Classic Commemorative Complete Set: https://www.NGCcoin.com/registry/co...sets/278741/My U.S. Fractional Note Set: https://notes.www.collectors-societ...eSetID=34188 |
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Moderator
United States
187862 Posts |
Ah! Now I understand the question and I agree. Lowball collectors and lower populations lift those prices because of supply and demand.
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Pillar of the Community
United States
1648 Posts |
It is because you still need a readable date to get them graded. A low ball coin is one that has been worn to the point that the design is worn nearly flat but is still identifiable as to type, date, and mintmark. Finding a coin graded PO01 can be just as daunting a prospect as seeking a PCGS MS70. And there's a small yet growing group of collectors who endeavor to complete sets of coins of the lowest-possible grade just like those seeking the highest possible grade so you can have more demand than the usually low supply available raising prices high. Many low ball coins fall into the range of Poor-1 (PO01) to About Good-3 (AG03), with some leniency in the range more inclusive of better grades for modern coins or series that did not circulate as extensively. For most commemoratives an AG03 or other low grade is an extremely tough find or one that hasn't been found yet. For Morgan dollars or U.S. type coins, most [examples] in the certified PO01 and FR02 can be hard to find, some easier than others depending on mintage. Most coins with the 'CC' [Carson City] mintmark can be tougher and are at a premium. I bring this up because depending on the coin the price may be higher for the lowest grade for that coin which may not be 1. Edited by datadragon
02/20/2023 3:32 pm
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Pillar of the Community
 United States
586 Posts |
Yes. PCGS... and thanks so much to those who were able to translate my jumble into a real thought. So the grade 1 prices are actually correct at the raised price. I'm so glad I asked... I've never even heard of lowball coins or collectors. New research on g1 ahead
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Moderator
United States
187862 Posts |
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Bedrock of the Community
United States
19129 Posts |
Lowball coins can be fun, lowball collectors--well, that can be an adventure.
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Replies: 11 / Views: 1,428 |
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Posted 02/20/2023 09:58 am
