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<p>[QUOTE=&quot;eddiespin, post: 7206653, member: 4920&quot;]It&#039;s how grading circulated coins works. There&#039;s a very good reason for it, too, even experienced collectors are apt to lose sight of when from time to time they get caught up in all the hype of market grading, eye appeal, AT and NT, and Heaven knows what else. It&#039;s that &quot;grading,&quot; whether the hobby involves coins, notes, stamps, cards, buttons or bottle caps, is about one thing every collector wants to know, the technical condition or state of preservation of the specimen, as it exits, as compared to the time it was manufactured. It&#039;s the grade that tells us that, being graduated on a scale of wear, from the moment the specimen came into existence, on down. That&#039;s why wear is the only criteria that has any meaning in circulated grades. It&#039;s why ANA and the Red Book, since its inception, set out the criteria to assess wear in circulated coins, and nothing more.</p><p><br /></p><p>The rest as regards circulated coins has to do with other things. Rub, dip, tarnish or other environment damage, scratches or other post-mint damage, those could very well take the circulated coin out of the market, were they severe enough. But they&#039;ve nothing at all to do with the circulated grade, and any grader who thinks they do doesn&#039;t know what they&#039;re doing when grading circulated coins. Or, for that matter, grading circulated notes, stamps, cards, buttons or bottle caps, <i>ad nauseam</i>.[/QUOTE]</p><p><br /></p>

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