Some of the first "W" Quarters found

They breathe lack of consideration for the small valueable details.....but then, some might say the same of me....

 

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It's well established that MS coins can be pulled from circulation. If pulled from circulation early enough. Would not be surprised to see a finger print develop somewhere on it as time goes on though.

 

Yes, "Uncirculated" is an unfortunate term. A coin can be used in commerce for a short while and still be Mint State or like it was fresh from the mint. So long as there is no wear or excessive marking, the coin is Mint State.

 

When I was a youngster I hung out at a little dealers shack close to my house. Seems everything I heard him say became “coin law” in my mind. I remember him telling me that Uncirculated was an absolute. Rather like being pregnant. Either it is or it isn’t. Has that feeling relaxed over the years or was my old mentor a bit too rigid?

 

Being here un Denver I usually see plenty of new coins in circulation.
As of today I still have yet to see a 2019.

 

If a coin is strictly Mint State, how can you tell where it has been? It's not like it can tell you, "I was in a cash register or purse at one time, and another dirty old worn coin actually hit me." All you can go by is what you can see.

 

There have been some found, and two people are sharing the $5000 finders reward. Check it out here.
https://www.coinworld.com/news/us-coins/2019/04/first-2019-w-quarters-found-in-circulation.all.html

 

But...the issue I'm having is that the original finder described where he found it, which was in his change. So it not only touched other quarters, but also maybe a Nickel and Dime I can understand an exceptionally nice coin maybe getting an MS but ONLY if the secret is kept for it's whereabouts between the submitter and the coin. That's like using the term virgin even though she clearly stated she was not. Also, the quarters nowadays are specifically designed to last longer than the old design to keep them in circulation longer. It could take years for a quarter to see the wear to receive an AU grade if they're all treated equally.

 

This is not how grading works.
Coins are graded by it merits and it's faults. If the coin doesn't show signs of circulation then the coin is put into the MS category. It is then judged by it's faults bag marks, etc. If the tpgs used your philosophy then every coin they recieved would merrit only an AU designation. Grading can be confusing, but if one studies what a true Au 58 looks like then it becomes easy to identify the difference.

 

If it looks Uncirculated...IT IS UNCIRCULATED!!!

 

That's like saying something you bought, opened up, then used once is Brand New. Kinda like everyone always preaching that the second a car leaves the lot, it's value depreciates, hence the Gap Insurance required. I get it but in the most literal sense if the word, it is not UNCIRCULATED once it goes into circulation. Anyways, the real question that I asked was more on the insane current valuation on this one. Does anyone truly believe it will hold up and prove to be a good investment? Personally, at 2 million minted, even the 32 S doesn't hold that value until MS65+, which is far more difficult to find in the grade than a 2019 Quarter. So beyond the circulated/uncirculated argument, can we focus on the real question of value?

 

This is a 1959-D that was in my pocket change pile last year. If I sent this in I honestly think its got a chance at MS63RD if not MS64RD. It came from a cash register somewhere, rode around in my pocket, went in a bag to be sorted later and I spotted it. While not valuable and I dont even care about it, it was such an anomaly that I saved it on my desk here. It had to have been sitting somewhere a long time. The pics dont do it justice. There is original cartwheel luster rolling around it. It had to have come from a collection but it was pocket change.
Not a 2009 or a 1989...a 1959 that looks a year old. The TPG would have no idea where this had been. Its like it came out of a bank wrapped roll from 1959.

 

Looks cleaned to be honest. I see a lot of dark spots around the devices in "Halo" type rings on the entire Obverse. Maybe not, but that could explain the perfection.

 

The submitter may have told us, but the grader at the TPG has no idea who the coin came from or how it was obtained. The ONLY thing he has to go by is what he sees on the coin. If he looks at the coin closely all over and he doesn't see any trace of wear, what should he call it? You can't put on the label
"MS-XX but only if the guy who submitted it didn't find it in change."

When it comes to grading the coin has to speak for itself, and if it doesn't say anything to you about having been in circulation, it's MS.

 

I don't even own a 09 dime. And i look

 

Understood. They should just maybe consider leaving the terminology at Mint State to avoid that confusion. My bigger question has yet to get a response..do you see the value of this coin today being realized in the distant future? Or is it a coin that could potentially end up in the hands of any collector for a couple hundred $ at best once most are accounted for?I realize that quite a few people probably asked that about the 1921 Peace Dollar and many coins of the past so I guess it's maybe too hard to call with certainty, but am I the only one seeing the going price as absurd on this one? There hasn't even been enough time to say how many more will be found in high MS. Based on my assumption of the no more than 2 Million serious Washington collectors, supply and demand wouldn't be there if the majority were discovered right?

 

I think the discrepancy in some folks’ minds is explained by considering the difference between the meaning of “uncirculated” and “uncirculated condition”

 

Basically same circulation numbers as an NIFC kennedy half, worth face if in circulated condition. Maybe same in low grade MS. I don't think any premium people are paying for "first found" coins or thereabouts will hold value beyond the frenzy for the first ones. Don't really know why someone would expect so either.

I bought the 1996 W dime in a mint set, definitely paid a premium of a few bucks over usual mint set price. But literally around 5$.

 

Welp here we are. Girlfriend found this in the register where she works