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 Replies: 23 / Views: 6,038 |
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Valued Member
Australia
95 Posts |
Hello all. So I had just decided to start grading all my coins so I could sell off a few and tidy up my collection, joy. But as I came to my $1 collection (all of which I had pulled out of circulation), I realised that some of my coins had no wear. Now as I mentioned before I had pulled them out of circulation so they were technically circulated coins, but can I grade them ms60 or higher? Or is au58 the highest I can grade? Any help will be apreciated.
Dan
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Bedrock of the Community
United States
94367 Posts |
The answer is: You will never know! On the face of it, coins pulled from circulation must be slightly circulated, so let's say AU-58. But you will probably never pay a TPG fee to grade a modern pulled-from-circulation find, so - You will never know.  |
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Bedrock of the Community
United States
10982 Posts |
Should grade no higher than AU58 but in practice very nice AU+ coins grade MS all the time. The 1899 Half Eagle in a current thread here is a good example of a possible AU58 that could easily grade MS63 at a TPG. |
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Rest in Peace
United States
18456 Posts |
Oh boy here we go again . You can call it mint state but technically it's not uncirculated . I would call a nice coin with no wear that was found in circulation an AU-58+. Others will call it MS-63 ,Which is acceptable only if your saying this coin looks MS . IMHO . |
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Pillar of the Community
United States
6370 Posts |
Most high-end AU-58 capped, flowing hair, and draped bust coins make MS. Be careful, the silly dealers will hype these coins as PREMIUM MS coins instead of premium AU coins. TPGs need to go away. I'm all for third-party authentication, but not grading.
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Pillar of the Community
United States
1119 Posts |
for high grade coins from circulation I like the grade AU-65 or the applicable number grade.
Edited by Steele
07/06/2016 10:24 pm
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Pillar of the Community
United States
1695 Posts |
Again, I think grade refers to the degree of wear, not the biography of a particular coin. So coins found "in circulation" can be graded at uncirculated grades. The word "circulated" is an equivocal term, with two meanings. It can mean 1) grade [degree of wear or distance from condition as first issued]; or 2) biography of the coin [where it has been, how it has traveled from the mint, etc.]. Keeping the two meanings separate is helpful.
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Bedrock of the Community
Australia
21788 Posts |
'MS' simply refers to the fact that the coin shows no wear on the high points of the coin.
In fact, wear on the coin may occur without ever having been in circulation.
A coin may be affected by small nicks and scratches without ever having experienced circulation, with or without any wear at all.
The fact that a coin has been given some sort of MS grade is just that; it is simply a statement of the condition.
The grader has no idea or proof that the coin may have seen minimal circulation or not.
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Moderator
 Australia
16842 Posts |
As others have stated, while it might seem logical that "uncirculated" meant that the coin had never been in circulation, in practice, a coin without "technical wear" is still considered "uncirculated", no matter what its individual history might be.
Or, to put it another way, "uncirculated" is a term used to describe its current state, not its history.
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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Pillar of the Community
Australia
7096 Posts |
An MS coin is a coin that shows NO evidence of wear regardless of if it came straight from the Mint or from your pocket change , it makes NO difference. it is NOT unusual to find coins up to MS64 in your change, it just depends on how long it has circulated and how it was treated during that time. MS means Mint State Not Mint Fresh  I would imagine that some of your coins in your dollar collection are indeed MS coins  Edited by trout1105
07/07/2016 04:48 am
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Pillar of the Community
Norway
1358 Posts |
Coin grading is an art, not a science. Sure, there's rules, but they're not written in stone and leave a lot to the interpretation of the grader. So I'd say that all is possible.
Now, for one example: I sometimes get coins directly from fresh bank rolls for change. These coins have thus circulated once, for about the 5 seconds it takes to take them out of the roll and disappear into my pocket (where they end up for the rest of my life) but have absolutely no wear. Shall we call this MS? or AU? They haven't been sold to me with the intention of collecting, they have been given to me as change in a transaction...
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Pillar of the Community
United States
1314 Posts |
Quote:
TPGs need to go away. I find them very useful and am glad they are available. If you don't like them, you don't have to use them. Now, boy bands on the other hand... |
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Moderator
United States
188952 Posts |
The simple answer to the question is yes. I think there is enough detail in this thread to show why that is true.  |
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Bedrock of the Community
United States
20753 Posts |
Don't know if in your Country they have grading services but if so, would be the best to let them grade your coins. If not, your guess would be just as good as many others. If your going to put your coins up for sale on ebay, may as well say all are MS-70 or better. And don't forget to say, UNSEARCHED.   Kind of kidding but might be worth a try to over state your coins grades. |
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Pillar of the Community
Canada
1747 Posts |
I was under the idea that ONLY circulated coins could get MS rating. Any coin pulled from a proof set or specimen set would have the denotation of PR or SP.
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Pillar of the Community
United States
6370 Posts |
Quote:
If you don't like them, you don't have to use them. I don't use them and I try to stay away from slabbed coins. However, the TPGs have turned coin collecting from a hobby to an investment game, meaning that prices for the choicer material has skyrocketed far past the budgets of normal collectors. I feel the TPGs are ruining the hobby. |
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Replies: 23 / Views: 6,038 |
Posted 07/06/2016 7:27 pm
