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Circulating Coins Can They Be Sold As Unc ?

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Austacker's Avatar
Australia
16 Posts
 Posted 07/21/2011  02:17 am Show Profile   Bookmark this topic Add Austacker to your friends list Get a Link to this Message Number of Subscribers
Hi CC

I have been collecting and picking over a lot of modern Australian currency. To the point I am only keeping the best of the best out of large bag lots.

I have looked over the coins for any marks or wear, excluding some usual bag marks. Know I am curious can these be listed as UNC or is it better to list as aUNC it is mainly for my cataloging at this stage but I don't want to be misleading.

As with the releases of RAM coinage they do Proofs and Uncirculated sets, so if it is not from a set can it be termed UNC and would a fresh coin role constitute UNC

Opinions or advice appreciated.
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Yass's Avatar
Australia
652 Posts
 Posted 07/21/2011  04:39 am  Show Profile   Bookmark this reply Add Yass to your friends list Get a Link to this Reply
IMHO you can get unc, chunc and GEM from a circulated coin. To find one in such a condition is difficult, but not impossible. Old story, but I cracked open 1000 APEC dollars and kep 40 that I would class as Gem, i.e., well struck and absolutely no bagmarks. I also kept a number of Unc ones with only minor bagmarks.

I have even found what looke to be specimen coins in 2006 $1 rolls. Theye are magnificent. There were probably amongst the first in a die run. I have never seen anything like them since.
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Australian coin's Avatar
Australia
1244 Posts
 Posted 07/21/2011  06:23 am  Show Profile   Bookmark this reply Add Australian coin to your friends list Get a Link to this Reply
You can call a coin whatever you like as long as you have good pictures showing the front and back of the coin when selling so people can judge the item them self.

If a coin comes from say an Armaguard bag people say "uncirculated from a security bag", this allows for bag marks.

Uncirculated coins are from a mint rolls with very slight marks to the coin from the manufacturing and rolling process.

Specimen is the term for a coin from a set, or packaging.

Proofs are coins with a frosted foreground, also refers to the manufacturing process.

Other grades people use are GEM, choice, choice uncirculated, aUNC etc.

I honestly don't really care for grading stuff as one person view is different form another person. I just like to know where they come from and not there grade.

My tutorial page covers some of the basic terms.

Hope this helps :)
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Yass's Avatar
Australia
652 Posts
 Posted 07/21/2011  08:50 am  Show Profile   Bookmark this reply Add Yass to your friends list Get a Link to this Reply
I found at least a dozen of these in Armaguard rolls

Circulating-Coins-Can-They-Be-Sold-As-Unc-?

Circulating-Coins-Can-They-Be-Sold-As-Unc-?
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Austacker's Avatar
Australia
16 Posts
 Posted 07/21/2011  09:07 am  Show Profile   Bookmark this reply Add Austacker to your friends list Get a Link to this Reply
Thanks Yass and AC yes that is around the quality I am looking at. To me these would be classed as UNC I just wanted to be sure it was not misleading. I am not selling but labelling and as such wanted to be confident I could actually achieve such a grade from circulated coins.
Valued Member
NPCoin's Avatar
United States
108 Posts
 Posted 07/21/2011  10:58 am  Show Profile   Bookmark this reply Add NPCoin to your friends list Get a Link to this Reply
Something to consider whenever this question comes up:

Mint State (Uncirculated) is not dependent upon the location of acquisition, but the actual state of preservation. If mint state was dependent upon how the coin was obtained (for instance, it had to come from a Mint State (Uncirculated) Set issued by the mint), then it would not be possible to find any uncirculated coinage from 1967, 1968 or pre-1966 (for Australia) as the mint did not release such sets in those years.
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Peter THOMAS's Avatar
Australia
2830 Posts
 Posted 07/21/2011  11:45 am  Show Profile   Bookmark this reply Add Peter THOMAS to your friends list Get a Link to this Reply
an observation on Yass' comment:
I don't noodle anywhere near as much as Yass, but I noticed when the 2006 $1 entered circulation, that they seemed a better strike than we were used to.
And, I agree that subsequent years are not quite so impressive.
Which makes me wonder, why ?
Maybe the dies were a little deeper ? Or the force of the strike was greater ? Or the dies replaced more often ?

Peter
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