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Perfect Coin ?

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Valued Member
Coin Chaser's Avatar
United States
307 Posts
 Posted 09/21/2010  12:29 am Show Profile   Bookmark this topic Add Coin Chaser to your friends list Get a Link to this Message Number of Subscribers
Is there a perfect coin. That is what we all want. Well the U.S. Mint is now producing (perfect coins) at a far greater number than we realize. As a group we sent in 10 coins for grading. 5 were State Quarters and five late commemorative, Lincoln dollar, Braille and Boy Scout. None of the coins graded less than a 65 and we had a 66 two 69 and a 70. These coins were not first strikes or anything special. Just Proof and MS from the mint. It is hard for me to believe that out of ten random selected coins that this type of grading was possible. Pretty Good nights work. My point is that the quality of newer issues require that you look for a graded coin of 70. LOL
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sel_69l's Avatar
Australia
21786 Posts
 Posted 09/21/2010  04:04 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I do not think it would be financially viable for a mint to produce perfect coins all of the time, besides, there would be no point in producing anything better that what is required. After all, the main purpose of a mint is to produce circulating currency in huge volumes, and at a quality only as high as the general public requires..

I hope it stays that way. Why? We coin lovers really appreciate when a perfect coin comes along, and as such, they are rare.

The way it is, the general public gets what they want, and with a bit of effort, so do we.

Mints know there is a collector market out there, and so produces coins collector coins for their own profit and our interest.

Mind you, some proof coins leave a lot to be desired in terms of quality. Greater production volumes to answer the demand, often result in poorer quality.

Actually, I don't collect NCLT; my interest is in coins that have circulated, from all periods up to the mid 1970's. Some of the die cutting of ancient greek coins, is the work of the leading artists of the time, and the perfection of ancient coins has quite different criteria.
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sgtbigred's Avatar
United States
83 Posts
 Posted 09/21/2010  07:06 am  Show Profile   Bookmark this reply Add sgtbigred to your friends list Get a Link to this Reply
I have also noticed a lot more PR70's being slabbed lately, especially in the statehood and parks quarters programs. Maybe the quality of the dies are much better, perhaps they have improved on the presses. Hard to tell, or simply put it is the grading companies relaxing the rules.
Take that 70 grade you have and compare it to the same coin graded a 69, you should be able to see the difference without any magnification. Look at the fields carefully, are there any signs of waves or imperfections in the fields.

I have both an MS69 and MS70 Eagle, as well as 2 Proofs Sacagawea's, both coins are from the same year and mint, place them side by side and you can see the difference.

This is great education for coin clubs. Cover the top of the slab with tape and have the members pick which one is the 70. After a few times one can spot the difference quickly.

But if you look at some of those PR70's of today, I don't see the same quality as the older coins graded at a PR70.
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sel_69l's Avatar
Australia
21786 Posts
 Posted 09/21/2010  08:52 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I was just thinking. About 10 years the Royal Australian Mint (RAM) started nickel plating the surface of their business strike dies. If you are lucky enough to get an 'uncirculated' freshly minted coin from circulation, without any bag marks, the coin can appear as an uncameoed proof. Most would call that 'prooflike', and that is for a business strike.

Mind you, a business strike without any bag marks at all is a rare thing, and would be much rarer than a coin from an uncirculated set market for collectors.

Problem is that the two coins would be virtually indistinguishable.

Of the order of 100,000 uncirculated sets are marketed each year by the RAM.
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