2005 Buffalo Nickel Question(s)

QueenKoin, let me try to put this into prespective. Have you ever gotten a PROOF coin in a bank roll of coins? I have, quite a few times, and the coin was still immaculate and then, on ocassion, the coin had damage! They are both still PROOF coins but would be graded according to their respective condition. Well an uncirculated coin is still MS until it can be judged to be less than that and dropping it into a cash register is NO worse than the Mint" money counter spitting them into a huge bag, or the constant shifting in the back of an armored car while in that big bag. Business strike coins are NOT protected at anytime after production and that is why so many collectors focus on high grade coins as they can be rare compared to what we usually see come out of a roll or bag. The final grade of any specific coin determines whether or not it is circulated or uncirculated ----not where or how you found it!

 

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We have to agree to disagree, as there is no convincing me, any coin that enters the system so to speak and is handled and exposed such as a cash register has now entered circulation and is circulated. It is that simple.

I am probably the last person here you should try and lecture about buisness strike coins and why collectors focus on high grades. As one that is a regular submitter and one that assists people with Registry sets and actively seeks raw coins in a attempt to get them into GEM grade holders, I probably have a clue in this area.

The final grade of any specific coin is determined by its state of preservation, and I agree no matter were you find it, thats what i have been saying as many Mint State coins come from circulation. And sometimes a AU coin comes from a mint set, such as the case with a 61 Frankie I submitted years back, I cut this coin from its original packaging and it came back AU58, somehow the coin had rub that I missed as I examined it.

And the proof example holds no water, as you now would have a proof that entered the system and is now a circulated proof, yes its still a proof and not because of condition as you imply but because of specific minting techniques and planchet preperation for these coins.

 

get some toning darling, and I'll give you a grade bump for a lock MS68 and threatening MEGA GEM MS69 Status!

 

All this talk of the popularity of the bison nickels has me still wondering what I might value my proof bison nickel at that has a fairly promiment strike-through error on the reverse. It's an intriging error because it shows up well enough but isn't large enough to spoil the beauty of the coin. I have never sold a coin in my life and I don't want to stick this on ebay with an outragous minimum selling price just to find out what it might be worth. I've written to several coin dealers and not one of them has really given me any idea of the coins worth. Error coins aren't their main business I'm told.

The limited production of the bison coin and it's popularity and the fact that mine is on a proof coin, should make this coin more valuable than the "average" proof error coin(if you can find one at all). I may need to just start going to coin shows to really get a true estimate of it's value. Any other suggestions?

 

Fred Weinberg maybe of assistance to you in this fascinating area, the world of error coins. Here is his website:

http://www.fredweinberg.com/

 

I got my Buffalo nickels from my local bank last week, 5 rolls at face value. All 'D' mint. Best grade from this group MS64.

 

Thank you both for the fred weinberg idea. I have fired off a picture and asked the questions he may be able to answer. I had never heard of fred w. so this is a great resource. I'll let you know if he gets back to me with any good information. Thanks again.

 

QueenKoin, While I don't know you other than your presence on this forum it is apparent you are a gifted individual when it comes to coins. I would say we are probably from two different schools, OLD and NEW, and I am from the old school. You younger folks have a whole new way of seeing and doing things which is neither good nor bad so we are just different in some areas. GDJMSP was the first graduate from the OLD school so that explains his/our answers. You won't budge, we won't budge but the important thing is we have placed two different opinions out there for everyone to draw of off! This is good!
Now, is that avatar really you as I need to know whether or not to "wink" back?

 

I'm new school huh?

I have been collecting for over 30 years....I don't work as I have retired at a young age.
and yes the avatar is indeed me, on a Winged Liberty dime....That image is only three years old....

 

ok its me and u kitty herese the plan against them old fellers (Dan is the leader we should get him first)
If u r not kitty or old dont look at this \
| \
| \
| \
|______________________| \
| \
| |
X (u hit them here) |
(i got them here) X

 

it wouldnt let me show the plan, o well
btw any coin marked by Gov or in any register or even on an armored truck is circulated unless sold by mint or private company that bought the, by mint

 

My opinion is that "Uncirculated" is a condition, not a history.

 

All this fooferaw about the meaning of "uncirculated" brings to mind the story told about Honest Abe when he was a lawyer instead of a profile on a coin.

He is said to have asked "How many legs would a dog have if you called the tail a leg?" His answer was "Four, because calling the tail a leg doesn't make it a leg." In other words, if a "rose is a rose is a rose", then a coin which has circulated is "circulated"; but a coin that looks like it did before it left the mint is "mint state". So Lucy must be right.

On the other hand, as Humpty Dumpty told Alice, when someone uses a word it means what the user intends, so if "uncirculated" is defined as "showing no signs of wear", Doug must be right.

But then . . . (ain't this fun?)

 

Okay, you got your wink back! But I must disagree again as the best you could do with GDJMSP will probably be about uncirculated! No way will he make MS let alone an MS68!

 

SLAP! Troublemaker!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

I didn't know if they were circ or not, or if they came straight from mint or were in circ and re-rolled. thx

 

I don't mean to fuel the debate, but couldn't help thinking as I read all the messages above that there must be some sort of authority about what "uncirculated" means. Then in another thread, I came across GD's post stating "Any time there is a term that you do not understand, try looking here - LINGO". (The link is to the PCGS glossary.)

So I went there, and the definition it provides for "uncirculated" is: "Term to indicate a coin or numismatic item that has never been in circulation, a coin without wear."

Unfortunately, this definition is ambiguously worded. If you infer an "or" after the comma, then both sides to the debate in this thread are vindicated and the agreement to disagree is well-founded. If you infer an "and" after the comma, however, then having never been in circulation would be a requirement of being uncirculated, in addition to an absence of wear. (If you prefer not to infer any word after the comma, and to take the two phrases as synonymous, then the drafter did a poor job, as the messages in this thread reveal.)

Can anyone else point to any more helpful authority?

Dymaxion