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<p>[QUOTE=&quot;GDJMSP, post: 2808735, member: 112&quot;]You have to be aware of and understand the history of the GSA sales. When the coins were being sorted and organized for sale, the people doing that sorting and organizing didn&#039;t know much about coins, and next to nothing about grading them. </p><p><br /></p><p>The result of that ineptitude was quite a few mix-ups. Ya see, only uncirculated examples were supposed to go into the hard packs, and only circulated examples in the soft packs. But because they didn&#039;t know how to grade coins, some circulated examples got put in hard packs, and some uncirculated examples got put in soft packs.</p><p><br /></p><p>These people also didn&#039;t realize that just because all of the coins in a given bag were of the same date/mint - that did not mean that all of those coins were uncirculated - though many assumed it did mean that. They also incorrectly assumed that if dates/mints were mixed in a bag, then those coins were circulated. This was not necessarily true either.</p><p><br /></p><p>What they didn&#039;t realize was that it was common place for some banks to bag up silver dollars they did not want and return them to the Fed. And many of those coins were circulated when the bank bagged them up. Others were uncircualted. And when those bags were returned to the mint by the Fed, they got mixed in right with the bags that had never left the mint. And no one was the wiser.</p><p><br /></p><p>Bottom line, the type of holder the GSA coin is in doesn&#039;t mean much in regard to if the coin is unc or circ.[/QUOTE]</p><p><br /></p>

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