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 Replies: 23 / Views: 5,022 |
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Valued Member
United States
171 Posts |
What does this mean? It's not in the forum glossary
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Valued Member
United States
294 Posts |
In terms of offers from buyers, it means a ridiculously low amount to buy your coin. Say you have a coin with a value of $50, a buyer offers you $10. this is referred to as a "lowball" offer.
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Moderator
 United States
15389 Posts |
A second use of the term is to describe a heavily worn coin that has a very low technical grade ..... say a P01 ... this is known as a 'lowball' coin.
Some folks seek these out and try to collect a series of lowest-graded (lowball) coins.
David
Take a look at my other hobby ... http://www.jk-dk.art |
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Bedrock of the Community
United States
20753 Posts |
Quote:
Posted Today 3 Hrs 36 Min ago
In terms of offers from buyers, it means a ridiculously low amount to buy your coin. Say you have a coin with a value of $50, a buyer offers you $10. this is referred to as a "lowball" offer.
Possibly the best explanation possible. |
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Valued Member
 United States
171 Posts |
this doesn't explain jack. Do you not think I know what lowball means in generic terms?
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Valued Member
United States
294 Posts |
Quote:
this doesn't explain jack. Do you not think I know what lowball means in generic terms? Then I, for one, am not sure what you're looking for. Let's look at your initial post: Quote:
lowball?
What does this mean? It's not in the forum glossary Looks like a generic question in a coin forum to me. You got answers as they relate to coins. There is no complicated mathematical formula or deep-root philosophy involved. Prices are based on what a buyer is willing to pay. Values are based on someone's opinion based on condition and past auction prices, among other considerations. So a "lowball" offer is based somewhat on what the seller is willing to take for the coin compared to the buyer's offer. Or, as nickelsearcher said, it is a coin in worn condition. If you're looking for more specific answers, you should probably ask more specific questions. As far as why it's not in the forum glossary, I don't know for sure but would be willing to bet that just nobody thought about it. In otherwords, a human plain forgot. Lowball is a generic term not specific to coins. Hope this helps. I just typed quite a few words to tell you what was already said in previous posts. |
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Bedrock of the Community
United States
20753 Posts |
OR to quote Wikipedia: Quote:
The low-ball is a persuasion and selling technique in which an item or service is offered at a lower price than is actually intended to be charged, after which the price is raised to increase profits.
An explanation for the effect is provided by cognitive dissonance theory. If a person is already enjoying the prospect of an excellent deal and the future benefits of the item or idea then backing out would create cognitive dissonance, which is prevented by playing down the negative effect of the "extra" costs.
Or LOW BALL is just a slang word of the many that make up our own American Language. Over many years in the USA we started with English but slowly adopted numerous words and phrases from other languages and/or just made up something and it stuck. Low ball is just one of the many such things that we all made up and adopted as part of our very, own, personal USA langurage. Where else do people say things like 2 bits for a quarter? A Fin for a Five Dollar bill? A Bill instead of paper currency? And now we have AIN'T in the dictionary. It's all just American stuff or SLANG. |
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Pillar of the Community
United States
3592 Posts |
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this doesn't explain jack. Do you not think I know what lowball means in generic terms? Can you use it in a sentence,please ? |
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Valued Member
United States
310 Posts |
Nickel Searchers definition is what you're looking for I believe.
"term is to describe a heavily worn coin that has a very low technical grade ..... say a P01 ... this is known as a 'lowball' coin."
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Bedrock of the Community
United States
20753 Posts |
If you have a 1909S VDB Lincoln Cent in MS-70 I'll buy it from you for $1.00 Now that is a real, real low ball offer. Should be at least $2.   |
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Pillar of the Community
United States
594 Posts |
Hell I'll give you $3.00 for it.
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Bedrock of the Community
United States
10284 Posts |
A pitcher in the game of baseball can throw a low ball.  Edited by TNG
01/21/2011 9:33 pm
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Bedrock of the Community
United States
10284 Posts |
On the other hand, a batter can try to hit a low ball pitch but he'll have to swing pretty low.
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Pillar of the Community
United States
4000 Posts |
I guess the context in which lowball was used that made you ask in the first place would help.
Besides the obvious generic definition, the only other one I can think of (as it relates to coins) is what nickelsearcher said.
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Valued Member
United States
439 Posts |
What's wrong with Blumule31 you guys made him mad.
I'll give you $3.50 for the VDB.
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Bedrock of the Community
United States
14454 Posts |
LowBall is a term used when talking about coins means that its the lowest grade possible. there are allot of collectors that compete in registry sets where they know they will never be able to beat the all time greatest sets (like the Jack lee set for Morgan dollars) so they go the other way where you try to compete in finding the lowest possible graded coin (which is PO01) and make a "lowball registry set". It is allot harder to find a PO01 coin than it is to find a MS-65 or even a MS-66 because its so close to being just a slug in PO01 condition and if it has a little more detail it is a FR02 grade. Quote:
this doesn't explain jack. Do you not think I know what lowball means in generic terms? This type of attitude is not warranted, you asked a question and the answers were given, I don't know what else you could possibly want besides what you have already been given. there are different meanings and you have been given them all. If you wanted to know what a lowball registry set means or in terms of a lowball coin, well you have the answer, if you wanted to know what a lowball offer meant, well that has been answered also. Not sure what else you could possibly mean. If any of these answers are not what you were talking about then you need to be more specific about what exactly you want to know because you have some very good answers given from the "generic" question you asked |
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Replies: 23 / Views: 5,022 |
Posted 01/20/2011 05:59 am
