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Pillar of the Community
United States
2910 Posts |
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How do people pull coins out of circulation rolls and claim they are now "BU"? I would never label any coin I got in change "Brilliant Uncirculated"; I would however possibly pull it and mark it as "AU". To make it as simple as possible, "Uncirculated" is a state of preservation, and NOT the literal meaning of the word. For example, let's say that the person at your local grocery store just got a roll of brand new 2018-D Lincolns in their drawer... they give you some in change, and they would all be in Brilliant Uncirculated condition. A few nights ago, this 1938-D nickel showed up in one of my rolls. It is fully as Brilliant as the day it was released some 80 years ago. Likely would grade about Brilliant Uncirculated 65 as there are no marks on it anywhere. (Note: the verdigris next to the E and L did come off after photo was taken)  CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
Edited by John77
01/17/2018 01:10 am
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Rest in Peace
10197 Posts |
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I would never label any coin I got in change "Brilliant Uncirculated"; I would however possibly pull it and mark it as "AU" Atticguy: nice to see I'm not alone. And to prove my point, I just released into my bank dump today, coins that came out of what I know to be OBW rolls, those imperfect ones and even some these folks slather over. Just to be sure, I fingered each one, at least once per side, to be sure my body oil was applied. Exactly like most of these coins found in a bank pulled source (whether rewrapped by carriers or customers). So all you fellow CRHers in the Midwest KC/St Louis area, get ready! Uncirculated to me is untouched by human hands, period. |
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Pillar of the Community
5464 Posts |
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Atticguy: nice to see I'm not alone. And to prove my point, I just released into my bank dump today, coins that came out of what I know to be OBW rolls, those imperfect ones and even some these folks slather over. Just to be sure, I fingered each one, at least once per side, to be sure my body oil was applied. Exactly like most of these coins found in a bank pulled source (whether rewrapped by carriers or customers). So all you fellow CRHers in the Midwest KC/St Louis area, get ready! Uncirculated to me is untouched by human hands, period. You did what with your fingers? You intentionally applied your body oil to a coin? That is sacrilegious! I'm glad I don't live in the Midwest KC/St Louis area!  Quote:
To make it as simple as possible, "Uncirculated" is a state of preservation, and NOT the literal meaning of the word. I'm with you on this one. |
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Pillar of the Community
United States
1795 Posts |
Okay starting to wonder if I made the wrong choice, but I'm still sticking with #2. I'm picking up a box of halves my bank ordered for me today. I will check the edge of the halves first after I bust open the rolls. I will check and pull out any silver or au coins out. As far as dirty edge silver coins I've never had a problem picking them out. For one thing you can feel the weight difference.
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Pillar of the Community
5464 Posts |
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For one thing you can feel the weight difference. Yes, plus the sound or drop test. |
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Pillar of the Community
United States
4333 Posts |
Some 40% halves found in 'dumps' are not mistakes. Some old timers don't keep them, as they never really had much value over face until recently ( the last decade). I believe they are just truly unaware.
I have not much interest in errors or varieties. I edge search, focusing on the copper/nick edges. I pull the opposite.
My time is valuable, so I search large volumes in as short a time as possible. Been doing it for over 40 years.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
 United States
366 Posts |
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My time is valuable, so I search large volumes in as short a time as possible. Been doing it for over 40 years. Wow! I can only imagine the stack & rare finds you have found in that time. In half that I've found some really cool things, just saying |
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Pillar of the Community
United States
4809 Posts |
BU coins make it into circulation all the time (dumped collections or like John's '38D, dumped for a tiny blemish). I think that to class a circulation find as BU, it comes down to how long it circulated and developed signs of wear. If a collector/CRH enthusiast walks in just after a BU coin dump, are those specimens AU as a result (especially if in the same roll/wrapper)? I think that CRH enthusiasts need to be realistic though in classifying a coin. In days past when I put down my CRH details, I'd often use AU+ to describe many near BU/BU roll finds. Let the coins condition reveal itself and grade it accordingly. Good luck folks!!
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Pillar of the Community
United States
2910 Posts |
Quote:
Some 40% halves found in 'dumps' are not mistakes. Some old timers don't keep them, as they never really had much value over face until recently ( the last decade). I believe they are just truly unaware. I totally agree with the first and third sentences. To cite a recent find of mine, found amongst a stash of 9 rolls of dated BU moderns - mostly common date 1971-D, 1972-D and bicentennial coins was 1 roll which had 16 40% coins, almost all BU. As for the second sentence, back in 1979-1980, 40% halves were worth over $7 a coin melt during the Hunt Brothers caused spike. CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
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Pillar of the Community
United States
2910 Posts |
Quote:
BU coins make it into circulation all the time (dumped collections or like John's '38D, dumped for a tiny blemish). I think that to class a circulation find as BU, it comes down to how long it circulated and developed signs of wear. I think that CRH enthusiasts need to be realistic though in classifying a coin. Let the coins condition reveal itself and grade it accordingly. Good luck folks!! It would be interesting to post a BU coin that we found via CRH (not telling them we found it this way of course) to one of the grading forums, and see what grade it was given. CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
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Pillar of the Community
United States
4333 Posts |
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As for the second sentence, back in 1979-1980, 40% halves were worth over $7 a coin melt during the Hunt Brothers caused spike. The dealers in my area weren't interested in my 40%, they were 'dirty' silver with higher refining costs. The Hunts wanted as close to .999 as possible. You were able to find buyers at seven dollars? When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
5464 Posts |
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It would be interesting to post a BU coin that we found via CRH (not telling them we found it this way of course) to one of the grading forums, and see what grade it was given. Yes, excellent test/experiment. Guaranteed, many or most will be MS! |
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Valued Member
United States
366 Posts |
I agreed with you USSID18. I feel that it's hard not to find a least a couple gem state coins. It could be a fun new grading category. They would get the MS along with an * to indicate it was pulled from circulation.
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Pillar of the Community
United States
2910 Posts |
Quote:
The dealers in my area weren't interested in my 40%, they were 'dirty' silver with higher refining costs. The Hunts wanted as close to .999 as possible. You were able to find buyers at seven dollars? In my area the dealers wanted everything... we had two coin dealers in my city back then, now we only have one. Since I was only a teenager at the time, I wasn't really too interested in selling any of my silver. CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
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Pillar of the Community
5464 Posts |
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I agreed with you USSID18. I feel that it's hard not to find a least a couple gem state coins. It could be a fun new grading category. They would get the MS along with an * to indicate it was pulled from circulation. Yes but I suppose like everything else here, it would be on the honor system. Have you ever seen this thread? http://goccf.com/t/22710&whichpage=1It seems over the top to me. A lot of these guys seem it hit the lottery over and over again. I wish I knew their secret!  Better yet, I wish I had a horseshoe up my butt! |
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Replies: 28 / Views: 11,282 |
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Posted 01/17/2018 01:18 am
