Have you ever found a coin in your pocket change that was so worn you could barely even tell what date was on it? These types of coins have received so much wear that they are almost worn smooth, and while many coin collectors avoid buying or keeping these so-called low ball coins, some actually do seek them for their collections.
What is the appeal of collecting coins in such low grades, you may ask?
#1 – They are dirt cheap as compared to similar types of coins that are in much higher states of preservation. In many cases, a rare, early type coin, such as Flowing Hair large cents, can be had for a third or half of the price of the same date of coin in a grade of Good-4.
#2 – Another advantage to collecting low ball coins is their relative availability. While many rare coins, especially early type coins, are extremely difficult to locate even in well-worn grades like Good, Very Good, and Fine, often times these same pieces are easy to locate in Poor-1, Fair-2, and About Good-3. This is particularly the case with all Flowing Hair and Draped Bust coinage
Read more: 3 Reasons Low Ball Coins Should Be High On Your Coin Wish List