Uncirculated coins in roll from banks?

I was wondering if you can ethically grade a coin as "Uncirculated" when you got the coin out of a roll of coins a bank teller gave you.

Isn't it at best an Almost Uncirculated by virtue of coming from the bank?

I'm using Numista's grading, btw, not the 70 point system used by most graders.

 

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You've got the wrong definition of "uncirculated." Define the term to represent the physical state of the coin, its wear, damage etc. Whether it actually came direct from the mint, passed through your local 7-11, etc, has no bearing on the grade.

 

Very often you can get mint state coins out of rolls. They may have one or 2 nicks
but they can be brand new with full luster and be in the MS 65 range.
Yes it's true this coin has circulated very lightly. But in terms of a grade,
it still qualifies as uncirculated if it doesn't show any circulation wear.
One serious issue are the coin counting and coin rolling machines used by Loomis and others in the industry. Close inspection with a loupe will find most of these naked eye looking MS coins, to be damaged. So you have to be selective.

 

Thank you. This helps.

 

Technically yes. If you bought bags of coins from the mint. That would be un. But if you find a perfect coin in a box of coins. Even if they were to all the same in loomis wrappers. Technically not un. But that in the common sense of the WORD uncircullated. This would be true. Case scenario. With the new W quarters. If i obtained a complete box of Guam quarters that were put into circulation and found some of the 2 million made and maybe not ever touched or even looked at. These coins would be circulated. But!!!! They will be pawned off as uncircullated. But technically. There not.

 

Mint state removes all the confusion

 

A coin is graded by wear, not how it came into your possession.

 

Good job Mike

 

That answerers a long time question of mine thank you ever so much, truly appreciated.