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 Replies: 9 / Views: 1,417 |
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New Member
United States
12 Posts |
I have a few coins I 've kept in spite of poor condition or being plentiful , if the collector value is zero , coins in poor shape must still have a silver value right?
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Moderator
 United States
187862 Posts |
Yes, silver coins will always have bullion value, regardless of condition.
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Pillar of the Community
United States
3294 Posts |
For that matter any metal coin will always be worth metal value - cost of fuel to melt it.
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Bedrock of the Community
United States
12437 Posts |
Are you referring to coins in poor, i.e. bad, condition or coins that grade Poor-1(PO-1)? Either way, a silver coin will always be worth at least its silver content but a PO-1 silver coin would be worth less than a normal silver coin since it has been worn down and lost >10% of its original weight.
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Pillar of the Community
United States
968 Posts |
hcspeed,
I'm guessing by poor shape that you mean well worn coins, not necessarily ones in PO-1 shape (correct me if I am wrong). Be careful using certain descriptive words such as poor, good, fine, etc. among numismatists as they have a precise meaning in the hobby. When talking in general terms I like words such as nice, bad, and great. The numismatic grading system makes nearly any coin that hasn't been destroyed sound like it is in beautiful shape (tell someone outside the hobby that you have a coin in "good" condition and then show them the coin and they will think you are nuts for thinking that worn out thing is in good shape!).
Assuming that you don't have a rare coin (as they will be worth something in nearly any condition) then the coins you talk about probably don't have much value above their metal content. But... if you can find a young numismatist or anyone new to the hobby they may have interest in those coins as a way to start a collection for relatively little money. You could probably sell them to that type of person for a little over the scrap price and make a little profit.
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Bedrock of the Community
United States
20753 Posts |
 Sounds like your new here. As to your desciption of those coins, as already noted your terminology may not be true. Myself, I'm a really rotton coin grader and have been told many times what I've said about a coin is completely wrong. Not saying you are a poor grader but the coins you say are sort of useless, may well be more than you think. And too there are many collectors that go nutty over some error coins. Many so called not worth much in value coins could in fact be worth more than thought of. |
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Bedrock of the Community
United States
14454 Posts |
Quote:
PO-1 silver coin would be worth less than a normal silver coin since it has been worn down and lost >10% of its original weight. unless its graded as P0-1 by PCGS, then you can sell it for quite a large premium to someone putting together a worst coin possible registry set |
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Pillar of the Community
United States
3294 Posts |
Can you have lower then PO1? Mabybe PO0.5?
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Pillar of the Community
United States
968 Posts |
Not in the official grading system. But you can have coins in such lousy shape that they won't get a grade. Among other thing, if I remember correctly a readable date is necessary for a grade.
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Bedrock of the Community
United States
12437 Posts |
LOL Bryan, you would be right about the lowball registry coins  PO-1 is the lowest grade, below that is Basal State which is only identifiable as a coin but not as to type. |
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Replies: 9 / Views: 1,417 |
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Posted 12/02/2009 4:21 pm
