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<p>[QUOTE=&quot;littlehugger, post: 3513556, member: 58633&quot;]Well, the grading system does start MS at MS 60 and up to MS 70.</p><p>That is an acknowledgement which shows the grading is based on wear, first and primarily.</p><p>It was instituted to serve a hobby of collectors who obtained their treasures out of circulation. Pocket change.</p><p>&nbsp; So, most of what was found was circulated.</p><p>Also, the mint had a pretty casual attitude towards quality. All those big silver coins, shipped in bags, and rubbing each other.</p><p>Thus, MS 60 thru MS 70 to capture a coins state. Necessitated by the virtually universal &quot;bag marks&quot;. Esp large silver.</p><p>Back then, Morgans, Peace, Walkers, Franklns, etc&nbsp; typically had marks. MS 70 anything was rare, even for proofs. We used push in albums, handled our coins and even the cheap paper stapled holders were not universal. Coin tubes maybe. Individual plastic holders were for rich guys or prized coins</p><p>Thats why they had an 11 point spread for MS.</p><p>Now we have much higher mint srandards, and its not hard to find MS 69-70 or Proof 69-70. You can get a one Troy oz ASE MS 70 or Proof 70 for under $100.</p><p>Thats a collection centerpiece.</p><p>Not to mention, the current coins hold up pretty well to wear. You rarely see even 1965, the first year of clad, as worn as so many of the old silver and copper.</p><p>Also, coins dont circulate much anymore, except for quarters. Almost everyone has a change jar and throws their change in it. They occasionally raid it to pay the pizza guy, so it winds up mostly cents and nickels.</p><p>I probably have $150 or more in mine, as I rarely nab the quarters. I intend to eventually take it to a local bank that has a coin sorter and open an account</p><p><br /></p><p>The grading system is based on wea</p><p><br /></p><p><br /></p><p>I think it might be useful to have multiple grades.</p><p>&nbsp;The old one up to maybe 1980 or thereabouts, maybe a second one for old coins that were hand pressed and had worn dies, off-center, Late Die State, etc.</p><p>&nbsp;A third strictly for MS and Proof coins that were impaired or circulated in some way.</p><p>&nbsp;I often see early American coins that are in excellent condition, but get a low grade because they lack detail. A weak strike or worn die would mimic wear in this case.</p><p>&nbsp;If you ever explored Ebay for these coins, you will quickly realize, these coins have a lot of problems. A clean, problem free example is rare, and priced accordingly.</p><p>&nbsp;Personally, I would prefer one that had a weak strike, or late die state to one that was just worn.</p><p>&nbsp;How do they accomadate this? Or do they?[/QUOTE]</p><p><br /></p>

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