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Question On Roll Hunting

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biokemist6's Avatar
United States
12437 Posts
 Posted 04/11/2008  1:55 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
quote:
just as soon as it go's from the roll into a cash register it is considered circulated and can never be uncirculated again


So if a cashier cracks open a brand new fresh from the Fed roll of the latest state quarters(solid state roll from one mint, not mixed), drops them into the change tray, and then proceeds to hand me one for my change, you call that circulated? There is no wear involved anywhere in that very plausible scenario so by definition that coin is mint state, not circulated with wear.

You either have an uncirculated coin(no wear) or a circulated coin(with wear or damage in some cases), it is largely irrelevant where it is found since wear is the indicator, not the location of the coin.
Edited by biokemist6
04/11/2008 3:03 pm
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garylcsr's Avatar
United States
1952 Posts
 Posted 04/11/2008  2:30 pm  Show Profile   Bookmark this reply Add garylcsr to your friends list Get a Link to this Reply
you wont find a fed roll in a bank unless it was stolen from a collector first. the feds don't roll coins for circulation any more. and yes as soon as that coin enters your pocket it is considered circulated. and as stated before there are thousands of coins encased that are graded as MS this or that. that is not what the debate is about. the debate is circulated or not and just like any of the top 3 it is only an opinion. for my books I prefer the untouched ungraded and spot free coin that has never been in a cash drawer.
that's just my opinion. and it works well for me.
Gary
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MorganNoob's Avatar
United States
533 Posts
 Posted 04/11/2008  2:57 pm  Show Profile   Bookmark this reply Add MorganNoob to your friends list Get a Link to this Reply
Soooooo, would you consider a MS-70 coin BU? MS-65? Where is the line? Or do you consider them completely independent of one another? So, it could be possible to have a BU MS-60 coin that we can hypothetically agree has never been 'circulated,' and at the same time have a MS-67 coin that is not 'uncirculated' because it spent 5 min in my pocket on the way home from the gas station where I got it in change, and therefore not BU?

What if I broke a coin out of my Unc mint set, put it in my pocket for 5 min, then carefully put it back? Is the set not Unc anymore?

Edit: You are arguing semantics. Uncirculated is not an invisible thing around a coin that as soon as it is 'circulated' breaks and ruins the coin forever. Uncirculated is a state of a coin determined by the amount of wear (or lack the of) that is present on the coin. Any MS coin is considered uncirculated. Think about it; Mint State. Lets disect that phrase Mint State, no its not where Tic-Tacs come from. It means that the coin is in the state that it was when it was at the mint, no I don't mean Colorado or Penn. AKA UNCIRCULATED!
Edited by MorganNoob
04/11/2008 3:10 pm
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biokemist6's Avatar
United States
12437 Posts
 Posted 04/11/2008  3:03 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
quote:
you wont find a fed roll in a bank unless it was stolen from a collector first. the feds don't roll coins for circulation any more.


The Fed may not roll them anymore, but where do banks order new issue coins from? Their Federal Reserve district bank.

As far as correlating Sheldon grades with adjective grades, I was taught the following guide many years ago:

MS60-62= uncirculated(Unc)
MS63-65= brilliant uncirculated(BU)
MS66-70= gem brilliant uncirculated(Gem BU)
Edited by biokemist6
04/11/2008 3:11 pm
Valued Member
United States
230 Posts
 Posted 04/11/2008  4:12 pm  Show Profile   Bookmark this reply Add fiddler to your friends list Get a Link to this Reply
Just a point of view from an admitted newb. But is'nt the whole grading thing based on condition not actually verifiable use? IE brilliant uncirculated condition. Meaning semanticaly the condition it should be in if it just dropped out of the press.
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Kilroy's Avatar
United States
76 Posts
 Posted 04/11/2008  11:01 pm  Show Profile   Bookmark this reply Add Kilroy to your friends list Get a Link to this Reply
biokemist6-

I appreciate that guide. It makes sense.
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