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What Makes A Coin Uncirculated... And Or MS

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Valued Member
skwca's Avatar
Canada
91 Posts
 Posted 02/20/2012  01:12 am Show Profile   Bookmark this topic Add skwca to your friends list Get a Link to this Message Number of Subscribers
Hey guys,


Ive been reading the forums ALOT and I see Alot of ppl talking about MS coins. NOw from what I gather MS is uncirculated. NOw the mint puts out "uncirculated" sets every year starting in what the early 60's I think(please let me know if I'm wrong). But I've seen coins from before this time in MS grade. Is it possible to get MS grade coins from "circulation" IE banks more to the point new rolls from the mint? I guess I'm saying when you get a NEw unopened roll that is directly from the mint/bank intended for circulation are they considered uncirculated until opened and used...

Can someone please clarify some of these questions for me.
Pillar of the Community
1cent's Avatar
Canada
1051 Posts
 Posted 02/20/2012  03:03 am  Show Profile   Bookmark this reply Add 1cent to your friends list Get a Link to this Reply
What the mint called an "uncirculated" set from the 1960's, everyone else calls a PL (proof-like) set. True MS coins come from one place only: bank rolls of coins intended for circulation. Everything that came from any type of set is not an MS business strike coin.

Charlton has confused things with the MS-65C and MS-65NC grades, the former being a business strike, the latter being a coin from a set. ICCS has muddied the waters by calling coins MS-65 and MS-65 NBU, again for circulating and non-circulating coins, respectively. The mint itself has confused matters for years by calling sets "uncirculated", which of course they are in absolute terms, but not to be confused with uncirculated coins which originated from mint rolls (business strike coins).

As far as the second part of your question, yes absolutely. If you crack open a roll of coins anything you pull out will be an MS coin. The vast majority of uber-grade modern certified coins on ebay have been cherry-picked in this exact fashion.

CCCS for example is in alignment with the mint, calling coins from sets "UNC-65" and coins from rolls "MS-65". ICCS as mentioned uses "MS-65 NBU". PCGS commonly uses "PL-65" though generally most coins post-1975 are no longer considered to be "proof-like" in appearance, and are not labeled as such by the Canadian graders (though that can't be said with absolution, some post-1975's have been spotted marked as PL in ICCS holders).

I'd love to say there is a clear and concise answer to the question that you are asking, but the reality is that there isn't. You have to learn the terminologies applied by the different parties and how they apply them to describe different coins, from different periods, with different finishes. There will never be a consensus on the application of these terms, other than to say a business strike coin from a roll is an MS coin.
Valued Member
skwca's Avatar
Canada
91 Posts
 Posted 02/20/2012  04:59 am  Show Profile   Bookmark this reply Add skwca to your friends list Get a Link to this Reply
Thanks 1cent,, that does answer most of the questions I had. just one other question remains. Some ppl are under the impression that MS coins can NOT be touched my human hands to be considered as such? now I do know the question of how did they get in to the sleaves or holders if untouched but this was why I asked my original quesition. how true is this?

thanks again
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qbvbsite's Avatar
Canada
849 Posts
 Posted 02/20/2012  08:26 am  Show Profile   Bookmark this reply Add qbvbsite to your friends list Get a Link to this Reply
MS can be handled as long as they dont put wear on the coin. The MS Grades come from the wear and as long as you are handling the coins correctly you are not putting any wear on the coin. Here is a link that may help out:

http://www.jandm.com/grading.htm
Valued Member
Jdgarst0720's Avatar
United States
259 Posts
 Posted 02/20/2012  09:10 am  Show Profile   Bookmark this reply Add Jdgarst0720 to your friends list Get a Link to this Reply
Thanks for starting this thread. It really did answer some questions that I had concerning MS v. BU.
Previously Ousted
Canada
398 Posts
 Posted 02/20/2012  5:23 pm  Show Profile   Bookmark this reply Add coingirl to your friends list Get a Link to this Reply
MS is UNC.... all Americans and some Canadian sellers should seriously acknowledge that and stop calling outright crap, scratched, rim nicks, dirt, dings,... etc uncirculated!
it is a joke what can be seen as BUNC in auctiuons in the US... Some is outright an insult.. but apparently buyer do not care and trust the "reputable" auctioneer.
CG
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Libertad's Avatar
Canada
3692 Posts
 Posted 02/20/2012  10:49 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
BU/BUNC is not an official term, just a loose (and lazy) phrase used by dealers to denote a shiny coin that appears uncirculated.
New Member
Canada
35 Posts
 Posted 02/21/2012  10:01 am  Show Profile   Bookmark this reply Add ship of fools to your friends list Get a Link to this Reply
So then 1cent what you are saying is that MS-65 NBU is from a proof set that was cracked open, am I getting that right?ship
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Canada
9865 Posts
 Posted 02/21/2012  10:12 am  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
NBU coins come mostly from what we call PL sets
Coins from proof sets are PR-6*
Coins from specimen sets SP-6*
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