Guess what? One of the best kept secrets and a source of confusion for beginning collectors regarding the way professional dealers and grading services view the uncirculated grade has finally been exposed in very clear language. While reading the introduction of Grading Coins by Photographs, I came upon these statements: "the interpretation of Uncirculated or Mint State is more liberal than it was 30 or 40 years ago" and, "Today, such coins that used to be graded About Uncirculated (AU) are now often graded as MS-60, MS-61 and MS-62."
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