One of the newest fads is "low ball" coin collecting. The objective here is to collect coins in the worst possible grades. This fad is sure to make the coin grading services happy. While many coins in high grades are sent to the grading services, the lower grade coins generally are not. I am now seeing ads for low-ball coins on such places as ebay. Before you laugh too hard, the Bicentennial dollar pictured (graded as AG3 by PCGS) is on sale at APMEX for $99. If you had the same coin in about uncirculated, you would have a difficult time fetching $1.50. APMEX brags that only three coins have been certified in this grade with only two lower. Yes, the race to won the worst is on!
If you really want a low ball coin, simply take a coin and rub it continuously against your oriental rug. In about a week, both the coin and the rug will be in fair condition.
Why the artificial desire to have coins in low grades? Dr. Planchet does not know the answer to this one.
Because a true low ball coin is something very unique in its grade. A PO01 grade or the lowest possible grade a coin can be certified is extremely rare. Think thats easy? Find a coin that NGC or PCGS will certify without problems and then you'll begin to understand the difficulty of such a coin. Often times it's the junk that is the real treasure waiting to be found. I know of a 1968-D 40% Silver Kennedy 1/2 dollar who's owner is selling it for $800.00 delivered. Now that is some serious pocket change. MWH
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