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 Replies: 21 / Views: 4,231 |
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Valued Member
United States
70 Posts |
I read an article on a coin website that stated some circulated coins that are not scratched up can be considered as uncirculated coins. Is that a true statement? (By the way, I hope I have thr correct forum)
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Pillar of the Community
United States
1373 Posts |
Not that I want to say this, but I've been told that yes, circulated coins can turn into uncirculated coins.
I NEVER label any of my 'found' coins any higher than AU, but was told by some on this site that even if a coin has been in several peoples' pockets as change from purchases that they never become circulated. Like I said, I personally don't believe/follow that train of thought, but have been told before my opinion is wrong.
Edited by atticguy
03/02/2021 10:39 pm
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Pillar of the Community
United States
883 Posts |
Uncirculated is a condition and yes you can get uncirculated condition coins in circulation. Also, I have seen some really crappy "uncirculated" coins in mint sealed packaging that look worse than coins found in circulation
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Moderator
 Australia
16809 Posts |
"Uncirculated", the condition, refers to the absence of visible wear. It is of course possible, if the people handling it handle it carefully, for a coin to "circulate" and remain Uncirculated.
Scratches, dents, bagmarks and such like are not considered "wear", as they can readily occur as part of the minting process; as such they can be present on an Uncirculated coin. Even fingerprints, if they are clear and not smudged, do not disqualify a coin from being Uncirculated. It's the smudged fingerprint, the "rub", that drags a coin down from MS to AU.
I do tend to agree with atticguy, however; if a coin is being handled by non-collectors in the normal business of a financial transaction or two, this is likely to generate sufficient wear to drop a coin down to AU. Thus, a truly Uncirculated coin find in change is a rarity.
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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Moderator
United States
56855 Posts |
As a grade uncirculated is MS60. PlumCrazy814 nailed it. John1  |
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Rest in Peace
United States
18456 Posts |
Quote:
As a grade uncirculated is MS60. Now John has opened up a can of worms with this comment . Lets keep the arguments down to a fair level . I for one always have known that an uncirculated coin should be free of finger prints , minute bag marks ( not circulation marks ).. Whenever I find a new year Lincoln Cent in circ as nice as it looks ,I keep it as a CH-AU . The coin will have to be a gem with no issues at all ,come straight out of an OBW roll and into my hands . Then I will label it MS .  |
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Pillar of the Community
United States
721 Posts |
Question... So it's ok for some of the coins pulled from BU rolls to be called uncirculated Like I see on ebay with the W quarters and ATB Quarters? I've been wondering about that. I mark my coins as BU in the understanding this coin when presented is circulated. |
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Pillar of the Community
United States
721 Posts |
Does that mean if you also pull a impaired proof from coin hunting rolls and has no scratches they can claim it as such? These are nice finds, but never the less are impaired. I wouldn't think that applies to impaired proofs right?
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Pillar of the Community
United States
721 Posts |
Wouldnt apply to the proof coin sorry
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Bedrock of the Community
United States
19126 Posts |
Always a fun debate. Now and then while going through rolls I'll come across a pristine specimen--very pristine. A few weeks ago I found a 1987 P Memorial cent in a customer wrapped roll. Comparing it with what one finds on the PCGS website, the coin appears to be a strong MS65++. It may have been a fugitive from an exceptionally fine uncirculated mint set not that long ago, or was lost in a sock drawer for a few decades after being freed from a solid '87 bank wrapped roll. Wonder if a new topic thread on MS-looking coins found in circulation would be cool? Lots of photos of course. |
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Bedrock of the Community
United States
20753 Posts |
Uncirc is sort of like Unsearched. Just a term.
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Moderator
United States
56855 Posts |
Not really, in the old days it was a grade MS60,choice unc MS63, gem unc MS65 perfect unc MS70. John1 |
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Pillar of the Community
Canada
999 Posts |
I agree with T-Bop. I add coins from circulation to my date sets. Many times these coins may have come out of a new mint roll into the cashier's till and then into my hand. To me, these are still high AU. I also agree with other comments that some of these coins that are found in circulation can look better than the ones from new mint rolls. Under magnification, you may be able to see the slight circulation. I'd be curious to send some of these to TPG's to see what they come back as, but don't want to pay the fees. |
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Moderator
United States
187702 Posts |
Quote:
Does that mean if you also pull a impaired proof from coin hunting rolls and has no scratches they can claim it as such? These are nice finds, but never the less are impaired. I wouldn't think that applies to impaired proofs right? A proof coin is always a proof coin, as that is how it was made. You can get below PR-60, that is PR-01 is a possible grade. |
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Pillar of the Community
United States
4085 Posts |
Quote:
Many times these coins may have come out of a new mint roll into the cashier's till and then into my hand. To me, these are still high AU. To me, these coins are still uncirculated / capable of MSxx grades as they show no wear from circulation. They probably had rougher handling going into the roll via automated rolling machines than coming out of the roll and going into the till. Edited by KenKat
03/03/2021 10:33 am
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Moderator
United States
56855 Posts |
Proof is not a grade,it is a method of manufacture. John1 |
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Replies: 21 / Views: 4,231 |
Posted 03/02/2021 9:42 pm
