Question on Uncirculated coins...

Discussion in 'Coin Chat' started by dollar, Dec 14, 2020.

  1. ZoidMeister

    ZoidMeister Hamlet Squire of Tomfoolery . . . . .


    Exactamundo . . .
     
    dollar likes this.
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. John Burgess

    John Burgess Well-Known Member

    Yes.

    Here's the "scoop" and answer to your question. If a coin shows no signs of circulation wear, it is "uncirculated", it doesn't matter where you got it from.
    The box doesn't need to be unopened/sealed or from the mint or FRB, or yada yada yada, for it to qualify as uncirculated, it needs to show no signs of circulation wear and that's it.

    dings, bings, bangs, depending on how bad they are, may take a coin out of uncirculated and into AU even if it hasn't circulated if it's conditionally not qualifying for MS60 or higher.

    So, in summation, Yes, your scenario would be a box of uncirculated coins of varying grades, some of which may have been damaged by the armored carrier during storage, rolling, boxing, or transportation, and no longer would qualify as "uncirculated" if they are damaged enough. the vast majority of the box should be uncirculated, and maybe a few "Gem BU" out of the box even.

    The Federal reserve bank is basically taken out of the distribution of coins now a days, it's been outsourced to the armored carriers from the mint and the Federal Reserve just conducts oversight to make sure nothing goes missing.

    I'd like some more pictures please, I think the possibility of feeder fingers doing this on the eject exists. It wouldn't add any value if it could be determined to have been what happened, it's a damaged zincoln, bit I'd like to see more of the coin, Obverse, reverse ect. get a feel of the overall. Just as easy for someone to have hit the pallet of cents with the forklift fork and gone through the side of the bag LOL
    is all the damage similar from coin to coin?
     
    dollar likes this.
  4. dollar

    dollar Junior Member

    Thank you for this great answer!
    Yes the damage is similar, it goes from a lesser extent on a couple of them to the one I posted last night.
    I have better light today and will post full obverse and reverse. Also the one that seems less hit than the others.
     
    Robert Ransom and John Burgess like this.
  5. dollar

    dollar Junior Member

    Here ya go...the second image shows from the lesser one to the greatest one. 2020fullrev.jpg 2020revcrop.jpg 2020fullobv copy.jpg
     
  6. John Burgess

    John Burgess Well-Known Member

    My personal opinion, the cent pallet from the mint was spiked with a forklift fork during transportation somewhere along the way, and likely one of these is the culprit. it's odd to be in the same locations from coin to coin of course but not an impossibility. Something like this happened I think.

    Capture8795.PNG

    Also possible the coin rolling machine jammed up bigtime and there's some blue paint in there somewhere.

    This isn't what you'd see for mint damaged coins, the paint transfer suggests a logistics/transportation issue that caused the damage to me.
     
  7. dollar

    dollar Junior Member

    Got it!
    (Also, got through the box there were a total of 29 in the same spot).
    Thanks again, I learned a lot.
     
    John Burgess likes this.
Draft saved Draft deleted

Share This Page