Confused about uncirculateds!

That's correct.

Once a proof, always a proof, even if it's circulated. The term "proof" refers to method of manufacture only, not its condition.

 

Log in or Sign up to hide this ad.

Circulation is wear on the highest points of coin at first

Circulation is wear on the highest points of coin at first then as time goes on more wear simple as that.
Get 2 mint state coins put one aside take the other and put it int your pocket. Keep it there for 2 weeks through pulling it out with others and changing cloths and such and after two weeks compare the 2.
The one that was in your pocket should start to have "rub" on the highest point of the coins surface.
Note: every new person should do this to learn.

One more thing - that coin you pay double face for at your coin dealer's and the coin you recieve in change could be exactly the same or even the one in change could be a higher grade - it just depends on wear.

 

No, it not quite as you think.

No, it not quite as you think.

Dealer generally do not buy uncirculated coins from the mint except for mint sets, comems, etc. They get them from people who get them from banks or they get them there themselfs.

The coins for mint sets are made especially for those sets and not retrieved from bags at all.

Uncirculated means uncirculated, no wear at all.

 

It really gets tricky in the last three or four years where you now have satin finish coins. As I understand it, these are only available in mint sets, is that a true statement?:bigeyes:

 

The newer coins from the mint are satin finished and handled like a proof coin , so the newer commemeratives listed as uncirculated are not the same as coins meant for commerce . Thus the satin finish designation .
rzage