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 Replies: 18 / Views: 3,078 |
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Pillar of the Community
United States
1696 Posts |
Quote:
AU-58 . Any coin found CRH cannot be called uncirculated . Quote:
I've pulled well over a thousand mint state coins from circulation. I think that the word "uncirculated" has two distinct meanings: [1] Uncirculated = coin has never been placed in circulation (the coin's history or "biography") [2] Uncirculated = a grade of a coin indicating the absence of any wear I'm new here, so feel free to offer other suggestions! |
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Rest in Peace
United States
18456 Posts |
I used the word " Uncirculated " instead of Mint State for a reason. Sure, you can find coins that look MS coin roll hunting. but you can not find uncirculated coins in those rolls . ( Never Put Into Circulation ) who else agrees with me ?  |
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Pillar of the Community
United States
3261 Posts |
T-BOP your definition is correct but the OP asked if it was a Mint State coin. MS-64 I would agree with. |
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Pillar of the Community
 United States
505 Posts |
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Pillar of the Community
United States
1696 Posts |
Quote:
I used the word " Uncirculated " instead of Mint State for a reason.
Sure, you can find coins that look MS coin roll hunting. but you can not find uncirculated coins in those rolls . ( Never Put Into Circulation ) Interesting topic! Would you use, say, an AU-58 grade for slightly damaged/niced/mishandled NIFC coin from a non-proof mint set? (I am wondering what language you would use in downgrade situations for NICF coins). |
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Rest in Peace
United States
18456 Posts |
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Interesting topic!
Yes it is ! But I know some hard liners here that would disagree with my logic . Yes I've pulled some beautiful early red memorials out of circulated rolls . but I always carded them CH.AU . Never uncirculated . I realize this could be a tuff topic , and can even turn into an all out heated debate .  Calling on all fellow members ; lets talk about this topic . T |
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Bedrock of the Community
Canada
10743 Posts |
Nope, I agree with you T-Bop, AU-58, not a mint state coin IMO, with the photos provided... |
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Pillar of the Community
United States
4809 Posts |
So....if you bought a box of 2016s from a bank, would the coins in the roll be AU...or MS? For a long while I felt as T-Bop did but more recently, I've migrated to where Thad is. For me, it's where a coin is in its life's journey. If I keep a box of unopened 1977 cents and then decide it wasn't worth keeping and turned it into a bank, would the coins that got put into the mixing hopper be AU or MS once they are rerolled and issued out again? As roll searchers, I think it is fair to say that we've all come across MS grade coins in customer and bank wrapped rolls. I'd say a fair number of coins, plucked early out of circulation, are given MS status by the TPGs.  |
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Pillar of the Community
United States
1696 Posts |
Quote:
I realize this could be a tuff topic , and can even turn into an all out heated debate. Calling on all fellow members ; lets talk about this topic . T How about this argument: Often we don't know a coin's history, since we could buy it at a coin store or an online auction. Was it ever in a roll? Was it ever in a bank? I suspect lots of wheat pennies listed as BU UNC in stores and auctions were pulled from a bank roll at some point. |
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Bedrock of the Community
United States
19975 Posts |
Mint state and uncirculated are synonymous. Both imply there is no wear. For a coin to be "circulated" it must show wear.
When a coin comes right off the machine it is dumped into a hopper, then into giant bags. The bags are moved to the Fed who distributes them to banks where they are rolled and prepared for distribution. Technically, ALL coins have been circulated at this point as they have gone though a lot of handling and distribution. So you buy a roll of these at a branch bank, the coin is obviously mint state, and yet you classify it as "CH AU"?
Now, also consider someone who has a mint state 1968-S coin they spend at a store. Eventually, that coin makes it into a collectors pocket who keeps it. The coin shows no trace of wear and by your definition, it is "AU" and "not uncirculated" just because it has moved around? If that were true, we'd have NO uncirculated coins in the world.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Rest in Peace
United States
18456 Posts |
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So you buy a roll of these at a branch bank, the coin is obviously mint state, and yet you classify it as "CH AU"?
Absolutely NOT! This is what I call an OBW Roll which 99.9% of the time will contain a solid roll of all one date & mint. these we can call both Uncirculated and Mint State, From the mint to distribution center to bank . Plenty of uncirculated coins here for the world to share. The mint state coin that was found in a customer wrapped roll has been handled ,mishandled, subject to rubbing against dirty and bad environmental coins. Thus my CH.AU-58 call . Not meaning to bash anyone, just stressing my OPINION . Edited by T-BOP
06/10/2016 3:05 pm
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Pillar of the Community
 United States
5686 Posts |
I'm going to side with BadThad. In a numismatic sense, Uncirculated and Mint State are the same. If you took an OBW roll of uncirculated coins, removed some of them and walked around with them in your pocket for a couple days, would they become AU even though they are virtually identical to the rest of the coins? It seems those terms should describe a coin's condition, not its history.
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Bedrock of the Community
United States
18720 Posts |
I think there is a distinct difference between Mint State and Uncirculated. for me, uncirculated means the coin has never been dispersed to the public. whereas a mint state coin would show no signs of wear but may have been. an uncirculated coin could come from a bank roll from the reserve because the coins never were publicly dispersed. if the roll of coins contained any other dates than the one in question it cannot be considered uncirculated as it would have been placed in the roll by someone who most assuredly found it in their pocket and did not come as a bank roll. just my opinion
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Pillar of the Community
United States
1696 Posts |
Quote:
It seems those terms should describe a coin's condition, not its history This seems right to me. We most often do not know a coin's history/biography/autobiography/travel history/upbringing, former places of residence/international trips/previous locations of storage/owners/ etc. But we can assess it's degree of wear. |
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Pillar of the Community
United States
724 Posts |
Depending on the luster level of the coin, it could be MS61-63.
So many prints to be MS64
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Replies: 18 / Views: 3,078 |
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Posted 06/08/2016 1:20 pm
