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Valued Member
Silver_Hoarder's Avatar
Canada
68 Posts
 Posted 07/16/2010  6:13 pm Show Profile   Bookmark this topic Add Silver_Hoarder to your friends list Get a Link to this Message Number of Subscribers
Hey Everyone....I just picked up a new hobby! I was given a pretty nice coin colletion that I will be posting pictures later, but I need to ask a few questions. I bought one of those charlestons guide or what ever but I dont understand the pricing.

Especially on items on ebay and other coin stores online, I am having troubles grasping the idea of "proof like" "specimen" MS-60 AU-55. I was wondering if someone could explain in detail what that means...whats the diff between proof like & UNC. I have collected high end hockey cards for the last decade, and I knew it took awhile to get all the lingo understood with that, so I know this will take time. So it may be better if I listed off some quesions and if you can answer any that would be great.

1. Difference between Proof Like & UNC
2. What is the diff between MS AU
3. Price guide has two different prices for ms-65 C & MS-65 NC... Whats C & NC ( Circulated and NON- Circ....) But the prices should be the other way then.

I guess I'm just a little overwhelmed with all this info, but any help is appreciated.
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Namachieli's Avatar
United States
2120 Posts
 Posted 07/16/2010  6:30 pm  Show Profile   Bookmark this reply Add Namachieli to your friends list Get a Link to this Reply
proof like = A coin intended for circulation that has a finish that is similar to a proof, but is not a proof. Proofs are coins that are struck twice with superior quality planchets and dies. Back in the day the mint only made enough proofs for the number of orders they received from enthusiasts. Often times after all the proofs were made, they would continue to use the dies to mint coins that were intended for circulation until the die wore out. The reason they have near proof finish is they are only struck once.


MS / UNC = Mint State / Uncirculated = A business strike coin that was not circulated and shows no sign of wear.

AU - About/almost Uncirculated = A coin that is still nearly in a Mint State, but have a slight amount of rub/wear on the coins highest points, indicating very light amount of circulation.

Not sure about the third one.

HTH
Edited by Namachieli
07/16/2010 6:31 pm
Valued Member
neweden's Avatar
Canada
272 Posts
 Posted 07/16/2010  6:47 pm  Show Profile   Bookmark this reply Add neweden to your friends list Get a Link to this Reply
Further to ianmprice, the third question centres around a circulating and non circulating coin
as you sujested, however if you look at the Charlton guide you will see stars under the NC heading
for the indication of not being issued in other than circulating finishes.
It maybe easier to go tto the front of the book and read the explanation on page x1v
Hope this helps, it was confusing to me too in the beginning.
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steve199's Avatar
United States
1882 Posts
 Posted 07/16/2010  7:10 pm  Show Profile   Bookmark this reply Add steve199 to your friends list Get a Link to this Reply
My understanding is that a proof-like Canadian coin is a coin that was NOT intended for circulation. Completely different than a proof-like coin in the US.
Valued Member
Silver_Hoarder's Avatar
Canada
68 Posts
 Posted 07/16/2010  7:45 pm  Show Profile   Bookmark this reply Add Silver_Hoarder to your friends list Get a Link to this Reply
ok this helps....thanks for your insight.....any other advice?
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