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Grading Circulated Coins

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United States
57 Posts
 Posted 02/16/2019  12:42 am Show Profile   Bookmark this topic Add rayder to your friends list Get a Link to this Message Number of Subscribers
In my collection I don't grade coins I know have been in circulation over 58. It seems that is the definition of coin grades 58 vs. MS. If I find coins in circulation can they still be MS? Should I be grading only on the quality of the coin regardless of it's history?
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sel_69l's Avatar
Australia
21786 Posts
 Posted 02/16/2019  01:01 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
It is possible to get coins straight from the Mint and issued by a bank directly into circulation.
It follows that the coin would have not seen any circulation, and thus had not sustained any wear from the rigors of circulation.

If a coin does not show any signs of circulation wear, it matters nothing, that it may have been taken out of circulation.

A coin that has been graded, has a statement on a grading slab about it's condition, not about it's circulation history.

If only the coin could speak for itself!
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John1's Avatar
United States
56855 Posts
 Posted 02/16/2019  04:53 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
MS starts at 60. You can find a MS coin in circulation. Quality not history.
John1
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nickelsearcher's Avatar
United States
15419 Posts
 Posted 02/16/2019  05:57 am  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
Fully concur - I can obtain high MS coins in bank rolls of the current years mint production.
Take a look at my other hobby ... http://www.jk-dk.art
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basebal21's Avatar
13014 Posts
 Posted 02/16/2019  09:55 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
Should I be grading only on the quality of the coin regardless of it's history?


Yes you should. Grading is all about the condition of the coin regardless of where it came from.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 02/16/2019  10:09 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Well said.



to the CCF!
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BStrauss3's Avatar
United States
4591 Posts
 Posted 02/16/2019  7:30 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
You have to remember that where is a continuum and that metal is relatively hard. So according a coin doesn't just pop out of the roll or bag and become instantly circulated...

Nevertheless the finest details are not that robust and it doesn't take long for the signs of circulation to appear on the coin.

So that's what you have to train your eye and train your mind to see... Once you know the very highest and most fragile points of a given coin series you'll learn to recognize wear.

If you're playing with older coins you need to learn the difference between wear and a weak strike... It's a subtle thing but it will show as the higher points not evenly filled out versus the very highest points.

For example on a Morgan dollar the highest point of the Eagle's breast feathers will show where as will the upper edge of the wing. A weak strike which you might see in say 1890s New Orleans coins, the whole of the breast is just indistinct.

It's something you have to learn and learn by looking at lots of coins.
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
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Valued Member
United States
57 Posts
 Posted 02/16/2019  9:32 pm  Show Profile   Bookmark this reply Add rayder to your friends list Get a Link to this Reply
You guys have helped me out so much in such a short time. Thank you very much. I'm off to PCGS to view their MS grading video. I still love a coins history though.
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