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 Replies: 11 / Views: 2,224 |
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Pillar of the Community
Canada
4911 Posts |
Just brain storming about new designations. Like if you got a superb mint state coin with excellent luster from a mint bag or roll but it sits in a lined cabinet, presentation case or drore that is pulled in and out for say 5 years or so and gets just the slightest wear. So now you've got an ms 64 that becomes an au 58 but was never even in circulation.
Given that an au58 stands for almost uncirculated 58 BUT CABINET WARE isn't CIRCULATION WARE.
Shouldn't there be a designation like MS-- cabinet ware
Or UNC impaired cabinet water or even a MS 58
I would like to hear what you think. Feel free to call me Will.
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Pillar of the Community
United States
597 Posts |
well proper storage is everything. a little extra effort 5 years ago would save $ today
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Bedrock of the Community
United States
10982 Posts |
Coins with light, high point friction are almost universally graded MS. The situation you describe is a good example of why TPG do this regularly. |
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Valued Member
United States
167 Posts |
That's why higher grade individual coins go in 2x2's to protect them.
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Bedrock of the Community
United States
17884 Posts |
Quote:
BUT CABINET WARE isn't CIRCULATION WARE. True, but wear is still wear and if you are looking at a coin with just a light touch of wear, and you have no knowledge of the prior history of the coin, can you look at just that wear and tell if it came from very brief circulation or from sliding around in a cabinet? |
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Moderator
 United States
23522 Posts |
How do you know what wore it? And if "you" (not meant personally) are the one who allowed it to slide around in a cabinet, you're getting what you deserve. Cabinet wear is still wear.
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Pillar of the Community
United States
3486 Posts |
Years ago, the terms 'cabinet rub' and 'cabinet friction' were used to describe
precisely this condition.
In very old and rare coins this is perhaps universally the condition found. Collections were kept in cabinets before the advent of holders.
However, ranting is good for body and mind.
I do so myself every once in a while.
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Bedrock of the Community
Australia
21786 Posts |
Interestingly, most major museums around the World still have cabinets for the storage of valuable coins. That includes even the British Museum.
Cabinet friction HAS to be a problem to be considered, but just imagine the cost and time involved if the BM replaced their storage system of trays and museum ID tickets with something more modern? They have hundreds of thousands best of examples of coins for their type.
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Pillar of the Community
United States
5206 Posts |
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They have hundreds of thousands best of examples of coins for their type. Image what that would do for top pops and values if all museums sent their top shelf and rare coins in for slabbing. |
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Bedrock of the Community
Australia
21786 Posts |
I don't think the British Museum would be even be in the least interested in having ANY of their coins slabbed.
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Bedrock of the Community
13014 Posts |
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but just imagine the cost and time involved if the BM replaced their storage system of trays and museum ID tickets with something more modern? PCGS or NGC might fund it if they were allowed to grade the coins. NGCs given a significant amount for the Smithsonian display in the past when they said they would keep the coins out if private money paid for it. Itd be hard for the BM to turn down such an offer, not that theres any indication either of them have any interest in spending millions on the museum for publicity. I would say though if the BM can spend millions protecting pieces of art, I dont see why they cant come up with something a little better to protect the coins from wear. |
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Pillar of the Community
Canada
1192 Posts |
If you're collecting coins where the slight differences in uncirculated grades matter (personally and/or financially), you should make every effort to protect them. Either in a plastic 2x2, cardboard 2x2, PVC-free album pages, a hard plastic slab, etc.
If you enjoy handling coins, maybe circulated coins are better suited for you. I very much enjoy collecting ancients where even high-grade pieces can be handled (properly!) and enjoyed without peering through layers of plastic. And at little risk of damaging them.
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Replies: 11 / Views: 2,224 |
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Posted 12/16/2013 8:32 pm
