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Replies: 20 / Views: 2,434 |
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Valued Member
 United States
64 Posts |
Thanks for the link John1
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Rest in Peace
United States
18456 Posts |
An MS Lincoln CRH ? I'll wait till Crazyb0 gives his assessment . 
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Pillar of the Community
Canada
9165 Posts |
We need both sides to give a proper grade.
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Rest in Peace
10197 Posts |
T-Bop.....  By definition, if this coin is found "CRHing", MS ANYTING ain't gonna happen, it is a CIRCULATED coin (yes, I'm yelling!) In CRH, coins have been "handled" by at least TWO parties...one to return to a bank or other collecting service (Coinstar etc.) which then goes to a central Fed processing point which again is "handled" putting thes coins from canvas transport bag (usually) into a MACHINE sorter/wrapper. This transport and sort causes all sorts of "Bumps, Dents and Scratches".  ANY question?  Oh ya, AU-59, highest circulated grade possibly given. If the coin came out of an OBW (original bank roll) of ALL 1999P's THEN and only then can you truthfully, numismatically call some an MS grade. BTW, OBW canbe a misnomer as well...coins most often come from mint bagged and then sorted/rolled through Fed distribution. This is what most "OBW" rolls refer to.  
Edited by Crazyb0 04/30/2017 6:09 pm
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Pillar of the Community
United States
1795 Posts |
Both sides need to be seen for a proper opinion of grade.
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Moderator
 United States
56855 Posts |
First off,coins are transferred by a Ballistic Bag now a days that hold tons at a time. No longer are they put in $50 (cents) canvas bags. If I go to my bank and get a full box of 2017 cents,wrapped by let's say Brinks the coins in those rolls are not mint state? John1 
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Bedrock of the Community
United States
19968 Posts |
Quote: By definition, if this coin is found "CRHing", MS ANYTING ain't gonna happen, it is a CIRCULATED coin (yes, I'm yelling!) In CRH, coins have been "handled" by at least TWO parties...one to return to a bank or other collecting service (Coinstar etc.) which then goes to a central Fed processing point which again is "handled" putting thes coins from canvas transport bag (usually) into a MACHINE sorter/wrapper. This transport and sort causes all sorts of "Bumps, Dents and Scratches". By that definition, the ONLY way to obtain an MS coin is if you stand in front of the coining machine, catch it as it's ejected and put it into a holder. All grades are an indication of the WEAR on a coin. A given coin can be handled over and over and packaged/rolled several times and not show any wear. I've pulled thousands of mint state coins from bank rolls and bags - and had quite a few graded by the 3 top TPG's. They ALL can back Mint State. Telling new collectors that it's impossible to obtain a mint state coin from circulation is a disservice to the hobby. 
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Rest in Peace
10197 Posts |
John1, those are true OBW rolls, 1) all same date 2) came from mint to distribution...hopefully w/o human handling. If some of these "mint" 2017 cents become mixed with other date area returns, there is the "gray area" to dispute! I seriously doubt, although not impossible, OBW rolls of say 1999P's may be introduced by a large quantity into the Fed regional distribution. I know you, I, and others have come across nice BU type coins, myself sometimes quite a few in a bank box. I believe these to be from some deceased collector's relatives dumping rolls for the cash, personally witnessed this at a local bank{turned in) and at a coinstar where customer broke the rolls into the hopper(refused to sell to me, idiot!). I close by suggesting that CRH be formally changed to "Circulated Roll Hunting", that more fits the description! 
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Pillar of the Community
United States
1695 Posts |
The term "uncirculated" is an equivocal term. It can mean 1) no wear; or 2) never in circulation. If you keep the two meanings distinct, then the problem goes away. A coin from circulation (second meaning) can have a grade of uncirculated (first meaning).
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Rest in Peace
10197 Posts |
Aristarchus123, exactly. Once the OP was CRHing a roll purchased from the bank and opened it, voila!...in circulation. Can't really see why it is so HARD to understand, if a coin has been touched by human hands it is circulated. Which can be said for the coins I've removed from my OBW rolls if I were to put my nice MS66+ 1958D's back into the bank dump bag and return to be placed into circulation, you think I'd do that?  
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Bedrock of the Community
Canada
10743 Posts |
Quote: Telling new collectors that it's impossible to obtain a mint state coin from circulation is a disservice to the hobby. I agree,  And, the coin pictured is at least, MS-65 on the obverse but, as you know, we need both sides.
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Moderator
 United States
56855 Posts |
I consider circulation/circulated as a process and MS as a grade. Who else thinks this way? John1 
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Rest in Peace
United States
18456 Posts |
What we have here is a failure to communicate . ( taken from Cool Hand Luke ). Hey Butch , looks like we opened a can of worms here . At least John seems to be on our side . Maybe this will clear things up : If it was found CRH it is NOT Uncirculated !! However it can have the LOOK of a MS coin , but not be classified as MS-60 to 69. 
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Pillar of the Community
United States
715 Posts |
Okay, I get the reasoning behind calling a coin circulated if one found it in a roll -- if it's ever been outside of a mint-sealed container, you could say that. But as far as grading goes, the term uncirculated has to do with wear, not with its travels. I mean, how could any coin truly be considered properly graded as uncirculated if a person had to handle the coin to grade it? Are only special types of careful handling acceptable? It seems like an awfully thin line, if so. Here is a screenshot I took with my phone from the PCGS Coin Facts app. I knew I'd seen reference to pulling MS coins from circulation somewhere in there. I'm sure there are more, but this was the first one I came across. 
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Rest in Peace
10197 Posts |
Yea T-Bop, I guess we're "purists" on this issue. I'm halfway tempted to take a couple of my OBW Memorials, say a 1960D small date and a 1963P and dump them in the sorter. That would make them second time around and circulated. You'd have some poor idiot, er, collector in the KC region posting on here and sending in to TPG!  PS: Only "halfway", not totally CRAZY! (yet) 
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