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 Replies: 13 / Views: 2,127 |
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Pillar of the Community
United States
7840 Posts |
I stumbled across this on the PCGS website; http://www.pcgs.com/setregistry/all...aspx?s=32379I may have a couple (one 3 Cent Silver for sure!) which could be possible contenders for the worst of the worst. Some folks like slick nickles (and other denominations too!). |
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Bedrock of the Community
United States
12437 Posts |
It is surprisingly tough to find coins that grade that low yet are completely undamaged. It has no appeal for me, part of the fun of a type set is being able to see all of the design differences, but it is something different to do I guess.
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Valued Member
United States
168 Posts |
Wow... I never realized coins like that St. Gaudens at the bottom spent such a significant amount of time in someone's pocket...
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Pillar of the Community
United States
968 Posts |
I find it kind of fascinating that people bothered to send those coins in to get graded and slabbed in the first place!
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Valued Member
United States
419 Posts |
The only thing that bothers me is most of the coins are "Homemade" I can appreciate a good story coin that has been worn over time but to ruin a good coin like that... turns my stomach.
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Pillar of the Community
United States
1283 Posts |
About a year and a half ago I remember reading that ultra-low grade coins like Poor and Fair were actually climbing in value. This was due to the introduction of the PCGS "low ball" registry sets. A lot of people would carry around coins in their pockets and handle them frequently trying to lower the grade.
And if you think about it that would open up demand considerably more than the standard "best of the best" registries. It's waaaaay cheaper than trying to collect Top Pops of any given series. Almost any collector can afford to low-ball a series. I kind of like it because then it's more about time, effort and creativity than who has the fattest bank account.
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Pillar of the Community
United States
532 Posts |
Yes, if homemade implies forced wear just to meet a low end target..I completely agree with the sentiment about the grading fees alone are priced more than the set is worth.
Somewhat of a novelty and a thumbing their nose to the rest of the registry sets....but at the very same time it is almost insulting to those of us that DO proudly own G coins when they are defacing good perfectly enjoyable coins just for sake of LOWERING the grade to meet a metric.
Edit- PCGS defines HOMEADE it just as the owner is the original one to submit the coin. My issue is the deliberate wear, not the designation....ya learn something new every day.
Edited by RFB
12/18/2009 01:45 am
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Pillar of the Community
United States
532 Posts |
Something to add. I often bristle when someone tells me what or how to collect. I should show more patience towards those whose methods are different than my own. Even if they want to twist them in half with pliers it is not for me to judge how they collect or what they do to their own belongings or finances. I guess the homemade part just saddens me killing any fun in a set like that.
-RFB
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Pillar of the Community
United States
1283 Posts |
Quote:
I guess the homemade part just saddens me killing any fun in a set like that. As an addendum to my previous post I'll add that I totally agree with you on this. I think the low-ball registry sets are great and I have tons of respect for them... IF... they found all those coins as is. I too don't like people intentionally adding wear to perfectly good collector coins. It also takes away from the coolness factor of puting together a complete set like that. Imagine a complete set of a series all in poor and fair - and the collector had to find them all. |
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Pillar of the Community
United States
1283 Posts |
!!!!!
I just looked at the link!
1793 Wreath 1C Vine and Bars Edge PO1BN PCGS # 1347 : Home Made
Image 7 of 109
"Home Made" an it's a 1793 Wreath Cent? Is he out of his stinking mind?
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Valued Member
United States
293 Posts |
USArmyParatrooper:
I could be mistaken, but I think "Home Made" on registry sets means that the author sent them in for grading...not that they busted them down to that grade. If you scan down the list, you'll see other names in that column. Not all of the coins were graded by the person in that link, but a lot of them were. At least that's the way I understand Registry Set listings...please correct me if I'm wrong.
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Pillar of the Community
United States
1283 Posts |
Actually I think you're right. I don't really know a lot about these registry sets. I've only occasionally browsed them to admire high end coins.
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Valued Member
United States
293 Posts |
I didn't know anything about them until I was looking at one for Mercury dimes when I was trying to complete my set and I think that's what it said. I could very well be wrong...just thought I'd drop that in here though because I do think that's what it means. I wouldn't doubt that people do manually create lower grades to fit sets though...I just also would think it's NUTS on some of those coins and I really hope that's not what happened  |
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Pillar of the Community
United States
2541 Posts |
I think he owns the only Kennedy 1/2 that has actually seen some circulation!
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Replies: 13 / Views: 2,127 |
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Posted 12/17/2009 4:53 pm
