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Grading Question (No Pics)

 
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 Posted 05/19/2022  10:15 pm Show Profile   Bookmark this topic Add NumismaticsFTW to your friends list Get a Link to this Message
Hey folks

Grading coins is subjective of course.

Having said that, I have a couple questions to pick your brains.

If a coin is BU and someone slid it across a counter top and it is slightly noticeable, would it almost certainly be considered circulated (AU)?

Is there instances where grading companies are forgiving or may believe it could have been rubbed against other coins etc. and still grade Unc?

Thanks!
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 Posted 05/19/2022  10:56 pm  Show Profile   Check jacrispies's eBay Listings Bookmark this reply Add jacrispies to your friends list Get a Link to this Reply

Quote:
If a coin is BU and someone slid it across a counter top and it is slightly noticeable, would it almost certainly be considered circulated (AU)?

No, the coin is considered a lower mint state. It still has not seen circulation and has no wear. The mint surface is just scratched up, but still intact. Some would net grade to a 60-62 grade and some would call it details scratched or cleaned.


Quote:
Is there instances where grading companies are forgiving or may believe it could have been rubbed against other coins etc. and still grade Unc?

Yes, that is why coins that have bag marks are still in mint state. Morgans for example spent a lot of time in bags. That clinked and clanked against each other until they were finally released into circulation. Those coins, with a lot of "chatter", would grade unc but roughly in a 60-63 grade. Contact marks don't exactly count as circulation wear.
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 Posted 05/20/2022  08:41 am  Show Profile   Bookmark this reply Add Ty2020b to your friends list Get a Link to this Reply

Quote:
No, the coin is considered a lower mint state. It still has not seen circulation and has no wear. The mint surface is just scratched up, but still intact.


well put by jacrispies. There is a difference between contact marks and wear. Evidence of wear, depending on the extent implies circulation. Even light breaks in luster are acceptable in low MS, depending on the extent, and would have to be differentiated from "wear". Telling the difference between the two, especially in certain series is the tricky part. That's when experience, research, and handling 100's-1000's of examples comes into play.
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 Posted 05/21/2022  09:47 am  Show Profile   Bookmark this reply Add JasonKflo to your friends list Get a Link to this Reply
They are not supposed to but I have seen some coins graded AU-58 with only cabinet rub and no wear that I could see what so ever. I have A 1889 O Morgan I feel the same about it's graded Au/58
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 Posted 05/21/2022  1:51 pm  Show Profile   Bookmark this reply Add fortcollins to your friends list Get a Link to this Reply
Just a couple thoughts from the curmudgeon's corner.
Distinguishing between cabinet rub and circulation wear is mainly a problem with sliders.
The bigger problems are TPGs misreading strike, die state, and die polishing for wear on the tough series, like Buffs and SLQs.
There are opportunities to snag undergraded coins in the mid-AU and slider categories.
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