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 Replies: 16 / Views: 1,943 |
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Pillar of the Community
United States
2269 Posts |
I agree with caeton, You could go to a coin shop today and purchase a roll of Lincoln's from 1970, and they would still be considered uncirculated, even though they probably changed hands many times over the last 38 years.
I always believed, An uncirculated coin ceases to become uncirculated once it comes in contact with daily commerce.
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Pillar of the Community
United States
749 Posts |
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Pillar of the Community
United States
812 Posts |
My understanding is that a coin is considered "uncirculated" until it has the slightest bit of visible wear. It is probably better to use the term "mint state" for a coin with no wear, as the coins mentioned in these examples have obviously been circulated.
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Pillar of the Community
United States
581 Posts |
Actually, to answer your own question - How do you know the roll you got is uncirculated? Doesn't say it on the wrapper. YOU decided that. What if two other collectors had already gone through them for varieties and you're the 3rd owner? But you call them uncirculated - so there is your answer. Based on condition.
It's also a state of mind :)
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Pillar of the Community
United States
1571 Posts |
I consider a coin "uncirculated, if it shows no sign of wear. The metal of the coin is what will demonstrate the condition. If it has nothing but bag marks, no fingerprints, or no dings of any kind, it is UNC. It may have been handled by several people, but unles there is some visual indicator that it has been around, it is unc.
Dick
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Pillar of the Community
Canada
1106 Posts |
If I get it in change I know it is circulated. Mint state is the standard we should all be using. UNC. is just too general considering the various grades of mint state coins, and the values they command.
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Bedrock of the Community
United States
20753 Posts |
Technically once a coin, currency bill, pair of shoes, box of toothpicks has been produced by a manufacturer and it is handled by employees, it has been circulated. Then as it leaves that place it again becomes circulated. A coin may be in Mint State condition for a million years but it has been circulated.  Or as Webster's dictionary states: To travel or spread about. Also, it states: Circulating Medium is currency used in exchange. Confused? As already noted though a coin may always be in Mint State condition but has been circulated. Probably why all documents on coins now utilize the term Mint State indicating the actual coin is what it would look like directly at the Mint. |
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Pillar of the Community
United States
1934 Posts |
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Moderator
 United States
23522 Posts |
If you're a good enough grader, there's no way I could ever convince you a coin has been circulated if it shows no wear. It's Uncirculated if your eyes say it is.
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Valued Member
United States
288 Posts |
You will find many coins that are mint state graded that also have fingerprints on them. Over time the oil from the print alters the natural toning of the coin and although not noticed at first it shows up later. This will not keep a coin from grading M.S. but it can affect the grade. I see dealers mishandling coins all the time. Amazing but true.
Basically as long as there is no wear or hairlining from rubbing the original surface luster, the coin is still M.S. or, Unc. ... G.
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Pillar of the Community
United States
2443 Posts |
The way I see it is, if a coin exchanges 10 different peoples hands, but is in the same exact shape as it was from the mint, its still UNC  |
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Valued Member
 United States
294 Posts |
Thanks for everyone's help .I do like the term mint state .yesterday I was at a coin store picking up supplies .I was looking through a Washington quarter book .Noticed several Proofs that was priced for less than the ones marked UNC D or P of the same year (56-64).Asked the guy why he said he did not know his Dad prices the coins .OK I'm confused again . Seeking:Info. Rayinman |
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Bedrock of the Community
United States
17884 Posts |
Price can vary depending on what he paid for the coins, and some coins are easier to find as proofs than as MS. Common proofs, especially lower end proofs will often sell for not much more than bullion, while a true MS coin of the same date will bring a premium over bullion. This can result in the proofs being cheaper than the Uncs.
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Pillar of the Community
Australia
652 Posts |
IMHO, regardless of whether one or a million people have handled a coin, ot if it has been around the world ten times attracting frequent flyer points, the grading of a coin is based upon its condition. The following is an extract of a discussion on Australian grading; http://www.triton.vg/grading.htmlUncirculated: As the term would suggest, a coin which has seen little, if any, circulation in the commercial sense. Wear is not apparent to the naked eye, though slight rubbing or cabinet friction may be present under magnification. A coin may feature some flatness of strike, which may be common for that date and type. UNC allows for a number of relatively small but nevertheless obvious detracting contact marks visible to the naked eye. Significant marks must be separately mentioned. Lustre on silver may be subdued, possibly from well worn dies. Eye appeal is still pleasing. |
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Pillar of the Community
United States
543 Posts |
Like the majority of you guys say, still uncirculated untill visable wear is obtained.
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Posted 02/16/2008 9:35 pm
