Uploaded August 2018 | Updated September 2026, 3 weeks ago
When people search through the junk silver bin at the LCS, they typically avoid worn or slick coins. However after watching this video, I think you guys should reconsider avoiding slick, worn, or cull silver coins. Believe it or not there are people who actually send heavily circulated coins to be graded by PCGS. There is strong demand from collectors for "low ball" coins. You might ask, what is a low ball coin? A low ball coin is typically a coin that would grade Poor 1. Poor 1 is the lowest grade possible for a coin. Low ball coins are heavily worn, with the date being barely readable. Basically, low ball collectors strive to own a coin with as much wear as possible while still retaining a legible date. Low ball Morgan dollars are particularly desirable. Low ball circulated Morgan dollars can be worth hundreds of dollars if slabbed by PCGS. For example, a 1897-S Morgan dollar graded PCGS MS 63 is worth $120. However, that same 1897-S Morgan dollar graded PCGS Poor 1 is worth $565. This is a case of a heavily circulated coin selling for more money than a Mint State coin. Thus the phrase, "one man's trash is another man's treasure" turns out to be true. Next time you guys search through some Peace or Morgan dollars in the junk bin, try to get the most slick, worn, cull silver dollar that you can find, it might be a low ball!
pcgsblog.com/jaime/news/pcgs-low-ball-coins
When people search through the junk silver bin at the LCS, they typically avoid worn or slick coins. However after watching this video, I think you guys should reconsider avoiding slick, worn, or cull silver coins. Believe it or not there are people who actually send heavily circulated coins to be graded by PCGS. There is strong demand from collectors for "low ball" coins. You might ask, what is a low ball coin? A low ball coin is typically a coin that would grade Poor 1. Poor 1 is the lowest grade possible for a coin. Low ball coins are heavily worn, with the date being barely readable. Basically, low ball collectors strive to own a coin with as much wear as possible while still retaining a legible date. Low ball Morgan dollars are particularly desirable. Low ball circulated Morgan dollars can be worth hundreds of dollars if slabbed by PCGS. For example, a 1897-S Morgan dollar graded PCGS MS 63 is worth $120. However, that same 1897-S Morgan dollar graded PCGS Poor 1 is worth $565. This is a case of a heavily circulated coin selling for more money than a Mint State coin. Thus the phrase, "one man's trash is another man's treasure" turns out to be true. Next time you guys search through some Peace or Morgan dollars in the junk bin, try to get the most slick, worn, cull silver dollar that you can find, it might be a low ball!
pcgsblog.com/jaime/news/pcgs-low-ball-coins
