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<p>[QUOTE=&quot;eddiespin, post: 24727284, member: 4920&quot;]But if the coins didn&#039;t circulate the GSA is going to get them back not in bank-sealed bags but in the same Mint-sealed bags the Mint sent to the Fed and they sent to the banks. If the original Mint-sealed packaging was broken, those coins were taken out and targeted for circulation. They could have made the call on just that, the types of bags they got back, no? Not grading the coins, just judging from the bags returned whether the coins saw circulation, as in, handled outside the Mint.</p><p><br /></p><p>I still don&#039;t think the GSA was grading based on wear, Doug. Again, &quot;circulation&quot; is a term of art, meaning wear. They weren&#039;t examining each and every one of those coins for wear before they holdered them, come on. They were taking &quot;circulation&quot; literally and judging that from the nature of the bags that were returned to them.</p><p><br /></p><p>Mark Feld, do you remember him, the professor? He was a professional grader. I once asked him whether it made a difference to him whether a mint-state graded coin came from circulation. Do you know what he said? He said it did. And I fell over backwards when I heard it. Seriously, look at how long it takes the TPGs to grade individual coins. I think it strains credulity for one to believe that the GSA was examining these coins individually for wear. They were doing something different that had nothing to do with wear but rather with whether they thought that the coins were handled or &quot;circulated&quot; outside the Mint. They were trying only to assure &quot;uncirculated&quot; and when couldn&#039;t because their seals were broken they told guys who felt that was important, like Mark Feld, they were &quot;circulated.&quot; Unless you know for a sure fact they were individually examining and labeling each of these <i>based their concept of wear</i>, I&#039;m not assuming that, at all, but quite the contrary, as aforesaid.[/QUOTE]</p><p><br /></p>

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