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<p>[QUOTE=&quot;Conder101, post: 2308290, member: 66&quot;]This is why I and a few others use and push PSD (Post Strike Damage) and not PMD.&nbsp; The M in PMD actually stands for MINTING but everyone shortens it to Mint.&nbsp; So PMD really means Post Minting Damage or damage that occurs after the coin is minted.&nbsp; When people call it Post Mint Damage it confuses newbies because it seems to imply damage that occurs after the coin left the Mint and that there fore damage that occurs before it left the mint&nbsp; could be a &quot;mint error&quot; and valuable.&nbsp; If you have a coin with a scratch there is no way to know if that scratch happened before or after it left the mint.&nbsp; But if you describe it as Post STRIKE Damage it is clear that it happened after the coin was struck, and that is is just damage.</p><p><br /></p><p>And yes bag marks are actually PSD.</p><p><br /></p><p><br /></p><p>The mints no longer have their own melting facilities, they got rid of the last one back in the late 70&#039;s.&nbsp; Since then all strip or planchets have come from outside suppliers.&nbsp; The mint does do a lot of their own blanking and the strip webbing and mis-struck coins were then sold as scrap metal. Usually it was bought back by the same firms that supplied the strip and it was melted down and converted into more strip.</p><p><br /></p><p>There was a problem though transporting the scrap back to the buyers.&nbsp; The mis-struck coins were still coins!&nbsp; This meant that Mint security had to accompany the scrap until it was melted down.&nbsp; So the Mint got the waffler.&nbsp; Waffled coins were no longer coins and the security was no longer needed.</p><p><br /></p><p>Of course since the scrap belonged to the buyers it was just a matter of time until waffled coins started appearing in the marketplace.[/QUOTE]</p><p><br /></p>

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