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Message:: [QUOTE="GDJMSP, post: 774151, member: 112"]No, the term does not change meaning at all based on type or age. But it changes all the time based on who is using the term. No, your expectations are fine for these types of coins. Your problem is that your expectations were too high for the firm you were dealing with. Apparently you were unaware or did not know of APMEX's reputation for numismatic items. They are a bullion dealer. And as long as you buy coins from them based on bullion content alone, and only expect to get coins worth bullion content alone - then you'd do just fine and never have a problem. But it has been reported many, many times by customers of theirs that the coins they sell are often harshly cleaned, grossly over-graded, or a problem coin of one kind or another. Knowing this - what would you expect their definition of average circulated to be ? And why do you think they are getting out of the numismatic end of the business to begin with ? Now, I am sorry your situation is what it is. But there are many companies/sellers out there that follow the same type of practices. They will offer for sale coins they describe as Gem BU. But when received the coin is barely MS at all (meaning 60-62) and may not even be MS (meaning harshly cleaned or a problem coin ). Or described as XF when it is really only VF or even F. As collectors it is our own responsibility to find out what we can expect to receive from a given seller - before we buy from them. When we don't, or we base our decisions solely on the descriptions used by the sellers - we are seldom happy with the the results. As I have said 110,000 times - know your dealer or don't buy from them.[/QUOTE]

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