Most grade by visual appeal making deductions for what appear to be blemishes, but what about chips, cracks, weak strike and deteriorated die doubling. Are those considered when giving grade? What if they are distracting to the eye? Can or should they be graded as a high MS?
Because that is the way that it left the mint. MS has nothing to do with the quality of the strike or state of the dies until you get to the higher grades of MS where eye appeal becomes a major factor.
Using this analogy, a coin is Mint State 70 before it leaves the coining chamber and then gains deductions for the bumps and bruises it gains before it leaves the mint. True? No matter how worn the dies are. Correct? No?
Not true. A Morgan with a very weak strike that was hand plucked and transported to PCGS via a DeLorean today would not get a 70. Similar to error coins like laminations or planet flaws etc. Even die cracks and heavy polishing on an otherwise 70 could negate the grade. That wasn't the question though. The question was at what point die wear causes coins to not be MS, not MS70. That's a whole different animal of a question.
Depends what series you are talking about. A MS 66 Barber is a completely different animal than a MS 66 ASE for example. There's not going to be one magic grade across all series
That's debatable. I say that because there are two terms that apply here, Mint State and as struck. And there is a difference between "as struck" and "Mint State". Yes, at the moment that every coins leaves the dies it is "as struck". But that does not necessarily mean that it is "Mint State". Mint State has another connotation that is part of its definition, that being that the coin is as it was intended to be by the mint. And that is not to say that it has to be perfect, merely that it has to be as it was intended to be. For example, mint errors, and or damage incurred during striking. If either of these two things occurs and the mint sees them or catches them if you will, the coin is pulled, rejected and thrown in the scrap heap - by the mint. This is done because the coin is not acceptable, it is not Mint State. So, if the mint itself is telling you that a coin is not acceptable, not Mint State, don't you think you should listen to them ? They are after all the ones making the coins. Now I'll grant you the TPGs have changed this, they are the ones who call error coins and coins damaged during strike MS. And they do this merely because that is what their customers wanted them to do. Their customers, some of them anyway, want to be able to point to the items in their collections and say - here look at this it's MS ! And that makes it better than that one over there. But the mint, the mint pulls them out and throws them in the trash. Because in the eyes of the mint, and more collectors that one might give credit for, they are not Mint State. They are however as struck.
Yes, the mint does everything in their power to reduce the said errors. Yet, they were still made and released. The error may not have been intended, but overuse of a die is on purpose. If the coin was not circulated it is Mint State. Contact by the public determines the grade.
A Twinkie with cream flowing out the side would be pulled from going into a package for sale too but it's still a Twinkie. The mint doesn't pull them because they wouldn't grade well enough, it's just quality control in their eyes but errors can and are still MS coins until something destroys them or handling lowers their grade. MS coins are just coins that don't show wear and tear from circulation or handling.
Are any of these what you would call mint state ? https://www.google.ca/imgres?imgurl...7PWAhUKRSYKHYe4AZkQMwh-KE4wTg&iact=mrc&uact=8 https://www.google.ca/imgres?imgurl...WAhXI6yYKHQpfBzk4ZBAzCAIoADAA&iact=mrc&uact=8 https://www.google.ca/imgres?imgurl...hVG7iYKHe_aDnw4yAEQMwgDKAEwAQ&iact=mrc&uact=8 I sure wouldn't. But the TPGs do.
I would in the same way I would say a misshaped Twix is still a Twix even though it would never leave the factory if caught. MS is a grade to me, not a fits the generic mold for general commerce designation.
Late MDS / early LDS dies get the highest grades. This is because new dies don't produce much luster, and luster is the most important quality in achieving a high grade on common coins. Luster happens because as a die is used to strike coins, the coin metal moves outward radially, imparting a small amount of wear on the die for each strike. Eventually this movement causes flow lines in the die, and those flow lines are then struck onto the surface of the coin. The flow lines are the reason for the luster. LDS /VLDS coins can have booming luster and also get high grades, but at some point the mushy details start to take away eye appeal, and this limits the ultimate grade level. I go through a lot of BU rolls, and occasionally I run across VEDS coins, ie ones that were struck from brand new dies with almost no striking wear. These coins are very "flat" looking, with lots of small imperfections in the fields, and very sharp edges to the devices. I love this look, and prize these VEDS coins above all others, but if I sent them in for grading they would not achieve high grades because they have almost no luster. They are almost like proofs in appearance, but without the benefit of the dies having their imperfections polished-out.
Not a one of those I posted links for even qualifies as being a coin, let alone mint state. And no mint state is not a grade, it is a condition, and a condition that only applies to coins. And if you think they are coins, I'd like to see you try and spend one of them. But, to each his own, as I said the TPGs give their customers what they want.
The majority of errors are still coins and two of those three could be redeemed for a new quarter and the triple struck very likely be spent. If you have 70 percent of a dollar it's still a dollar and can be redeemed as one. Another example would be off struck coins. Those are errors and many of those circulated.
This thought first arose as a joke I told myself, but in a way it makes sense: why not have MS numbers under 60? A MS 45 would be an "as struck" coin with the details of an XF 45. Might be some confusion until people got used to it, but all change involves some disruption.