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Replies: 36 / Views: 2,533 |
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Pillar of the Community
United States
1952 Posts |
you will never find a MS-70 in circulation or I have not seen one. but yes if you got the cheap rate they would mark it as BU if it was actually BU but I think that if you sent a circulated coin to any of the top three you get a grade but I doubt it will be what you was looking for
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Valued Member
United States
76 Posts |
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Valued Member
United States
178 Posts |
who cares, just use the #'s
ms60+ = mint state
imo a coin can be "mint state" and be circulated.
as far as a uncirculated coin being pulled from circulation, thats kind of a contradiction.
yeah its kinda stupid being able to get a coin from circulation and have it graded "brillant uncirculated" I blame whoever came up with the first grade scale.
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Pillar of the Community
United States
1952 Posts |
MS-60 stands for Uncirculated. or missing mint luster and can have a few very minute bag marks. BU is actualy a word used by the seller (mostly)
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Valued Member
United States
186 Posts |
I would like to think (although, I know it's not the exact definition of BU) that even if you find it in a roll of "circulated" coins, if it is flawless (without bag marks and crud) and seems to be unimbelished with polishes, cleaned, etc.... then, it's BU. Just my opinion  Laura
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Valued Member
United States
336 Posts |
watch the mint in production of the coins they ding rub down a METAL shut.then the line coin checker rubs his hand threw all the coins and pick out one to look at quality check.then the tub is moved out and a new is put in its place.and when these coins go down the shut there is more than one so now they are hitting each other.even the mint sets HAVE DING COINS. then when the coins are put into rolls they are touch again to spread them into the counter and roll making machine.
in all BU is a state of LOOKS!
if you want the top grade of coin then look at the PROOF sets.they wear gloves and do them one at a time.
i talk to much!
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Pillar of the Community
United States
1952 Posts |
I agree with you Toni. but rolling them and making them is not circulating them. in my books all the coins or most are from mint sets and hand picked. I can go through 20-30 mint sets to find that one coin for my book and almost the same thing on the proof's. but the making and circulating are two very different animals. during the minting process it is considered acceptable for them to touch and be touched where in a roll after it is been delivered to the bank. just as soon as it go's from the roll into a cash register it is considered circulated and can never be uncirculated again
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Pillar of the Community
United States
1934 Posts |
I'm no expert. Call me silly; to me, 'uncirculated' is uncirculated. Someone proposed that a coin that's been in 15 different pockets qualifies as "uncirculated." In an extreme circumstance, like each of the 15 stood around and passed to one another with gloved hands and put it into a clean pocket, I suppose that's plausible. Then again, taking a cameo coin from a holder and burying it in the ground means it's uncirculated, too.
I would presume a BU coin would always remain a BU coin subject only to toning. Corrosives, like fingerprints and anything else (except causes of natural toning) that would affect it's brilliance mean that eventually it wont be "brilliant" per se.
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Moderator
 United States
189340 Posts |
quote: If a coin was truly Uncirculated, how would you even obtain the coin?
From US Mint Sets! That is, before 2005 when they started the Satin Finish Mint sets. I do not like the term BU for the very reason that it is subjective and debatable. Don't believe me? Read the last two pages!  Is it a grade? Is it a condition? it is a state of mind? (good one, Patrick!) Is it FM?  quote: BU is actualy a word used by the seller (mostly)
 I prefer to use the MS grade scale.
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Bedrock of the Community
United States
12437 Posts |
quote: just as soon as it go's from the roll into a cash register it is considered circulated and can never be uncirculated again
So if a cashier cracks open a brand new fresh from the Fed roll of the latest state quarters(solid state roll from one mint, not mixed), drops them into the change tray, and then proceeds to hand me one for my change, you call that circulated? There is no wear involved anywhere in that very plausible scenario so by definition that coin is mint state, not circulated with wear. You either have an uncirculated coin(no wear) or a circulated coin(with wear or damage in some cases), it is largely irrelevant where it is found since wear is the indicator, not the location of the coin.
Edited by biokemist6 04/11/2008 3:03 pm
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Pillar of the Community
United States
1952 Posts |
you wont find a fed roll in a bank unless it was stolen from a collector first. the feds don't roll coins for circulation any more. and yes as soon as that coin enters your pocket it is considered circulated. and as stated before there are thousands of coins encased that are graded as MS this or that. that is not what the debate is about. the debate is circulated or not and just like any of the top 3 it is only an opinion. for my books I prefer the untouched ungraded and spot free coin that has never been in a cash drawer. that's just my opinion. and it works well for me. Gary
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Pillar of the Community
United States
533 Posts |
Soooooo, would you consider a MS-70 coin BU? MS-65? Where is the line? Or do you consider them completely independent of one another? So, it could be possible to have a BU MS-60 coin that we can hypothetically agree has never been 'circulated,' and at the same time have a MS-67 coin that is not 'uncirculated' because it spent 5 min in my pocket on the way home from the gas station where I got it in change, and therefore not BU?
What if I broke a coin out of my Unc mint set, put it in my pocket for 5 min, then carefully put it back? Is the set not Unc anymore?
Edit: You are arguing semantics. Uncirculated is not an invisible thing around a coin that as soon as it is 'circulated' breaks and ruins the coin forever. Uncirculated is a state of a coin determined by the amount of wear (or lack the of) that is present on the coin. Any MS coin is considered uncirculated. Think about it; Mint State. Lets disect that phrase Mint State, no its not where Tic-Tacs come from. It means that the coin is in the state that it was when it was at the mint, no I don't mean Colorado or Penn. AKA UNCIRCULATED!
Edited by MorganNoob 04/11/2008 3:10 pm
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Bedrock of the Community
United States
12437 Posts |
quote: you wont find a fed roll in a bank unless it was stolen from a collector first. the feds don't roll coins for circulation any more.
The Fed may not roll them anymore, but where do banks order new issue coins from? Their Federal Reserve district bank. As far as correlating Sheldon grades with adjective grades, I was taught the following guide many years ago: MS60-62= uncirculated(Unc) MS63-65= brilliant uncirculated(BU) MS66-70= gem brilliant uncirculated(Gem BU)
Edited by biokemist6 04/11/2008 3:11 pm
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Valued Member
 United States
230 Posts |
Just a point of view from an admitted newb. But is'nt the whole grading thing based on condition not actually verifiable use? IE brilliant uncirculated condition. Meaning semanticaly the condition it should be in if it just dropped out of the press.
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Valued Member
United States
76 Posts |
biokemist6-
I appreciate that guide. It makes sense.
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Replies: 36 / Views: 2,533 |
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