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Message:: [QUOTE="GDJMSP, post: 2372058, member: 112"]Assuming you are talking about coins slabbed by NGC or PCGS, the MS grade on the slab means THEY are calling the coin uncirculated. It doesn't necessarily mean the coin has no wear. Your scenario ties in with Gary's original question, a coin actually being in circulation has nothing to do with whether the coin is MS or not. A coin can be in actual circulation, taken right out of a cash register drawer, and still have no wear on it. Wear is the defining factor, a coin with no wear is by definition uncirculated. The problem with the TPGs is that a coin can have wear on it and they will still grade that coin MS. PCGS states right in their own grading book that a coin can have wear on it and still be graded as high as MS67. How do they possibly justify such a thing ? They claim that the wear "could" have been caused by the coin being in a bag, a roll, a coin album etc etc, and therefore it is not really wear. The problem with this thinking is that there is absolutely no way that wear from a coin being in a roll, a bag, a coin album, can be differentiated from wear on coin in actual circulation. So the question for you Gary is this - is wear on a coin, regardless of its cause, still wear ? For me, wear is wear no matter what caused it. But your answer may be different.[/QUOTE]