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 Replies: 10 / Views: 4,676 |
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Valued Member
United States
354 Posts |
I've found a few very bright pennies 1992, 1995, 2017 P/D that exhibit the pinwheel effect (this would be hard to photograph, hence no images). Are these NIFC coins? What are the hallmarks of a coin in circulation but not intended to be.
I've also a 2014 P dime with pinwheel effect. Edited by mike31093
09/26/2023 1:23 pm
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Moderator
 United States
34424 Posts |
@mike, I'm unfamiliar with the term "NIFC"--do you mean proof coins or maybe uncirculated coins enclosed in mint packaging? Thx for clarifying.
"If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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Bedrock of the Community
United States
94367 Posts |
Do you mean "cartwheel" luster?
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Moderator
United States
56855 Posts |
NIFC=not issued for circulation. John1  |
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Pillar of the Community
United States
2955 Posts |
To answer a question: NIFC = Not Intended For Circulation coinage. The best American examples are the 1987 half dollars, and the 2001-2020 half dollars, as these were not supposed to circulate. As to the dates Mike mentioned, I feel as if these were parts of mint sets that were broken up and then spent...  John and I posting at the same time...  Edited by mrwhatisit
09/26/2023 1:56 pm
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Valued Member
 United States
354 Posts |
Quote:
@mike, I'm unfamiliar with the term "NIFC" Well, I had another post where I used what I felt was a somewhat familiar acronym which confused a reader. So now, the first time I use an acronym, I will define it next to each other. Which I did with this post but defined it in the post title. This technique is used in most technical writing. Quote:
Do you mean "cartwheel" luster? Yes. I couldn't remember the usual term. Edited by mike31093
09/26/2023 4:53 pm
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Bedrock of the Community
United States
94367 Posts |
Outside of apparently being new and uncirculated, why do you think these might not have been intended for circulation?  |
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Valued Member
United States
354 Posts |
Quote:
why do you think these might not have been intended for circulation? Actually, maybe I just picked a poor choice of words. In essence, I was just wondering if these were originally uncirculated but made their way into circulation somehow. I didn't want to salt the mine by suggesting they were once in a proof or mint set and having folks jump on that bandwagon. Does that make sense? Also, I don't really know the full meaning of NIFC. |
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Pillar of the Community
Canada
5246 Posts |
In Canada, NIFC coins ONLY come in special packages/ boxes. Usually they have a special finish. They were not issued in rolls like the regular circulation coinage.
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Bedrock of the Community
Australia
21788 Posts |
NIFC coins may come from mint sets or proof sets. Such coins are packaged and sold in sets to the collector as NIFC, although sometimes the packages are broken and the coins released into circulation.
Nevertheless, they left the Mint as Not Intended For Circulation. Sometimes, due to circulation wear, it is difficult to determine if they were originally NIFC.
It is safe to assume that an absolute pristine 'business strike' coin came from a mint set, because it it almost, but not quite impossible, to find a standard business strike in that condition, that came from circulation.
At the other end of the spectrum, even specialist collector coins still have full legal tender circulation status, and are sometimes found in circulation.
In my view, the term "NIFC" is somewhat nebulous, but almost all collectors have a good idea of what it means.
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Moderator
Australia
16842 Posts |
Unless there is a clear, easily provable method for distinguishing mint set coins from regular business strike coins (eg. difference in composition, or well catalogued and easily detectable die differences), then attempting to distinguish between "ex mint set" and "regular business strike" coins is rather moot. "A difference that makes no difference is no difference".
"NIFC" is an acronym that really only started here on this forum, and has spread from there. "NCLT" (non-circulating legal tender) is the acronym usually used for much the same coins in the wider numismatic community. Neither term is usually applied to mint set coins for which business strike analogues also exist. For example, suppose you have a 1987-D 1 cent coin which you personally removed from a mint set; the Denver Mint made 1 cent coins for circulation in 1987, so therefore that mint set coin isn't considered NIFC/NCLT. You know that it came from a mint set, but there's no objective way to prove it. Now that you've removed it from the set, it's just a normal uncirculated 1 cent piece now, indistinguishable from the business strike uncirculated 1 cent coins made by the millions.
The NIFC/NCLT label is usually only applied to coins that were not issued for circulation at all.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Replies: 10 / Views: 4,676 |
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Posted 09/26/2023 1:38 pm
