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<p>[QUOTE="Mark Feld, post: 364270, member: 11467"]The term has been used by numismatists, and not merely "speculators", for decades. And it doesn't necessarily have anything to do with "unsellable" coins either. </p><p> </p><p>You're free to "call em all AU-58" too, but many examples that are graded AU58 exhibit signs of actual circulation, such as contact marks/abrasions and not just cabinet/stacking friction. On the other hand, many of those which are described as having cabinet/stacking friction are free of the aforementioned contact/circulation marks. While some people might prefer to lump them all together, the quality and value of the latter are often far greater than that of the former.</p><p> </p><p>Edited to add: By the way, some degree of cabinet friction is present on many, if not most Capped Bust Half Dollars, even those graded as high as MS65-MS66.[/QUOTE]</p><p><br /></p>
[QUOTE="Mark Feld, post: 364270, member: 11467"]The term has been used by numismatists, and not merely "speculators", for decades. And it doesn't necessarily have anything to do with "unsellable" coins either. You're free to "call em all AU-58" too, but many examples that are graded AU58 exhibit signs of actual circulation, such as contact marks/abrasions and not just cabinet/stacking friction. On the other hand, many of those which are described as having cabinet/stacking friction are free of the aforementioned contact/circulation marks. While some people might prefer to lump them all together, the quality and value of the latter are often far greater than that of the former. Edited to add: By the way, some degree of cabinet friction is present on many, if not most Capped Bust Half Dollars, even those graded as high as MS65-MS66.[/QUOTE]
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