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Replies: 61 / Views: 8,563 |
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Pillar of the Community
United States
593 Posts |
I have seen several of the double rim coins or 1/2 rim or Cud at rim. Are they worth anything extra? I spent them. Hope I didn't pass out a rare type. Good Info, I learned something new today. Thank You
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Pillar of the Community
United States
3516 Posts |
Big thanks Jim, Love the hobby and everything in and around it, I agree that we'd need something big, and someone big, but we will set it aside, and when the time comes. We will be there
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Pillar of the Community
 United States
3332 Posts |
Quote: Pete, sorry I got side tracked on your thread, I'll not reply on this one again. I thoroughly enjoy the conversation! I think it encourages creative thinking. Please continue to participate!
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Pillar of the Community
United States
5964 Posts |
Quote: I thoroughly enjoy the conversation! I think it encourages creative thinking. Please continue to participate! Okay thanks Pete I'm back. I enjoyed it too. I've helped you as much as I could with the rim fold. I was thinking about starting another thread with discussion about PSD at the mint. If I did that, a lot of stuff would have had to be repeated. I think it's not so much "creative thinking", as it is filling in a gap in what's already been thought about. To reiterate, the gap is the time frame between the striking of a coin, and the time it leaves the mint. PSD and wear outside the mint have been well thought about for many years. I say they occur at the mint as well. That being considered, the conversation came around to the definition of circulation, which makes no allowance for the gap. Machine Doubling is a good example. MD due to die wear is technically a mint error, while Machine Doubling due to the bounce after the strike is PSD. Everything we know is based on the strike, the life of a coin while still at the mint should be no different. We should not only call it like that, but also revise the definition of circulation to accommodate the gap. I urged young Dustin to get PSD in the glossary, and he did a stellar job. When he read about the gap, he offered to get the definition of circulation revised. I advised him that the change may require the endorsement of a leading expert. Coop seems to be on board as evidenced in this post, but has not endorsed or disputed as yet. It would be nice to hear opinions, everyone has one. lol
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Pillar of the Community
 United States
3332 Posts |
Happy you didn't leave CoinMasters. I am most interested to see where this goes! 
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Pillar of the Community
United States
5964 Posts |
Quote: I am most interested to see where this goes! Well here's how it goes Pete. In lieu of a ruling, I say the definition of circulation needs to be changed to accommodate the time a coin remains at the mint after being struck. I say this because it's the right thing to do, and alleviates the necessity to change the definitions of other terms such as PMD, PSD, etc. The definition of circulation as it is now, is in direct conflict with the other definitions. You can't have it both ways.
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Pillar of the Community
 United States
3332 Posts |
Quote: I say the definition of circulation needs to be changed to accommodate the time a coin remains at the mint after being struck
I am not sure about that. I presume that we are talking about the definitions in the CCF Glossary. It seems to me that the definition of "circulation" is clear and intuitive. (That's the best kind  ) Quote: circulation A term applied to coins that have been spent in commerce and have received wear. On the other hand, the problem seems to be with PSD and PMD. They are identical! Quote: PSD Short for post strike damage. Damage sustained after the coin was struck. Quote: PMD Short for post mint damage. Damage sustained after the coin was struck. I had always thought of PMD as referring to damage after the coin left the mint. Meanwhile, I had thought as PSD of referring to damage to the coin after being struck and before it left the mint. The reason, I think, that I have that impression is that it seems the terms are used that way in discussions. I am thinking that the revisions should occur to clarify the meaning of PSD and PMD!
Edited by Pete2226 12/23/2016 3:56 pm
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Pillar of the Community
United States
5964 Posts |
The meanings of PMD and PSD are identical. The term PMD was not worded right The "commerce" part doesn't apply to time spent at the mint.
Edited by CoinMasters 12/23/2016 4:09 pm
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Pillar of the Community
 United States
3332 Posts |
Quote:The meanings of PMD and PSD are identical. The "commerce" part doesn't apply to the mint. You are correct. I am saying that the meanings of PMD and PSD should not be identical and should not be used that way (and frequently are not). It makes at least one of the terms useless!
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Bedrock of the Community
United States
62064 Posts |
The term to me means : Post Stuck Error. Something that happened after the strike. Post Mint Error. Something that happened after it left the mint. While they seem to be the same, but are different is: That something happen to coins even in the mint. Coins dropped from the machines, damaging the coin. Contact marks, counting machine damage inside the mints, handling the coin harshly. I use the term to mean, that an event happened after the strike. Not during. To me something that happened after the strike is not a mint error, but post strike damage. That is how it differs to me.
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Pillar of the Community
 United States
3332 Posts |
Edited by Pete2226 12/23/2016 4:20 pm
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Pillar of the Community
United States
5964 Posts |
I'm basically saying damage sometimes occurs to coins before they leave the mint and before they're spent in commerce. It's time to do the glossary thing Dustin.
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Pillar of the Community
United States
5964 Posts |
The meaning of PMD is anytime after the strike. The letters P M D are misleading. Thus, PSD.
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Pillar of the Community
 United States
3332 Posts |
From the link I posted above: 
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Pillar of the Community
United States
5964 Posts |
The definition of circulation should not require "to be spent in commerce". A coin can receive wear and/or damage before it leaves the mint.
Edited by CoinMasters 12/23/2016 4:38 pm
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Replies: 61 / Views: 8,563 |