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 Replies: 21 / Views: 4,240 |
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Pillar of the Community
United States
721 Posts |
Does that mean if you also pull a impaired proof from coin hunting rolls and has no scratches they can claim it as such? These are nice finds, but never the less are impaired. I wouldn't think that applies to impaired proofs right?
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Pillar of the Community
United States
721 Posts |
Wouldnt apply to the proof coin sorry
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Bedrock of the Community
United States
19229 Posts |
Always a fun debate. Now and then while going through rolls I'll come across a pristine specimen--very pristine. A few weeks ago I found a 1987 P Memorial cent in a customer wrapped roll. Comparing it with what one finds on the PCGS website, the coin appears to be a strong MS65++. It may have been a fugitive from an exceptionally fine uncirculated mint set not that long ago, or was lost in a sock drawer for a few decades after being freed from a solid '87 bank wrapped roll. Wonder if a new topic thread on MS-looking coins found in circulation would be cool? Lots of photos of course. |
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Bedrock of the Community
United States
20753 Posts |
Uncirc is sort of like Unsearched. Just a term.
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Moderator
 United States
56855 Posts |
Not really, in the old days it was a grade MS60,choice unc MS63, gem unc MS65 perfect unc MS70. John1  |
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Pillar of the Community
Canada
999 Posts |
I agree with T-Bop. I add coins from circulation to my date sets. Many times these coins may have come out of a new mint roll into the cashier's till and then into my hand. To me, these are still high AU. I also agree with other comments that some of these coins that are found in circulation can look better than the ones from new mint rolls. Under magnification, you may be able to see the slight circulation. I'd be curious to send some of these to TPG's to see what they come back as, but don't want to pay the fees. |
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Moderator
United States
189767 Posts |
Quote:
Does that mean if you also pull a impaired proof from coin hunting rolls and has no scratches they can claim it as such? These are nice finds, but never the less are impaired. I wouldn't think that applies to impaired proofs right? A proof coin is always a proof coin, as that is how it was made. You can get below PR-60, that is PR-01 is a possible grade. |
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Pillar of the Community
United States
4085 Posts |
Quote:
Many times these coins may have come out of a new mint roll into the cashier's till and then into my hand. To me, these are still high AU. To me, these coins are still uncirculated / capable of MSxx grades as they show no wear from circulation. They probably had rougher handling going into the roll via automated rolling machines than coming out of the roll and going into the till. Edited by KenKat
03/03/2021 10:33 am
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Moderator
United States
56855 Posts |
Proof is not a grade,it is a method of manufacture. John1 |
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Pillar of the Community
United States
721 Posts |
@jbuck I get that. I guess what I am asking the same concept of the 1987 P. Regardless of where the coin came from the grade is what makes the coin. Even if pulled from circulation. Just a learning question is all.
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Moderator
United States
189767 Posts |
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I guess what I am asking the same concept of the 1987 P. The 1987 P is a business strike. It may go into circulation, it may not; but it was made using one minting procedure, proofs use another. Modern mint set coins are made on different presses with fresher dies and are handled more carefully than what is specifically minted to circulate, but they are all still business strikes. |
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Pillar of the Community
Canada
5253 Posts |
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Scratches, dents, bagmarks and such like are not considered "wear", as they can readily occur as part of the minting process; as such they can be present on an Uncirculated coin. My question, which I raised a number of years ago at a coin club meeting, was whether you can always tell marks made during the minting process, bagmarks, etc, from marks due to circulation? I wasn't convinced that you could. What do others think? |
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Rest in Peace
United States
18456 Posts |
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A proof coin is always a proof coin, as that is how it was made. You can get below PR-60, that is PR-01 is a possible grade. Proof Coin , PR-60 . Bad day ? Best get some sleep .   |
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Pillar of the Community
United States
899 Posts |
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My question, which I raised a number of years ago at a coin club meeting, was whether you can always tell marks made during the minting process, bagmarks, etc, from marks due to circulation?
I wasn't convinced that you could. What do others think? I do not see how you could possibly tell if a mark is a bag mark or a pocket change mark. ...and because I like this conversation and want to offer some eye food, below are two coins that I know for a fact were never in circulation, were put into flips at the same time, and were stored together in the same conditions more or less side by side for about 48 years. Technically uncirculated, conditionally maybe not so much. (From Mint "Penny Bag" purchase in 1973). Since one is from Philadelphia and one from Denver, at least one did some travelling before being put in the bag for sale.   |
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Pillar of the Community
Canada
5253 Posts |
I have been told by a dealer, and this discussion seems to confirm it, that uncirculated is better described as a condition, not the process by which it entered a collector's hands. Whether it came directly from the mint or passed through a few hands before it end up in a till and then to a collector is not relevant, it is the state of the coin that is relevant/
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Replies: 21 / Views: 4,240 |
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Posted 03/03/2021 07:56 am
