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<p>[QUOTE=&quot;GDJMSP, post: 1543333, member: 112&quot;]So when do you consider a coin to have entered the &quot;channels of commerce&quot; ? Is a coin in a bank in the channels of commerce ? To me it most definitely is.</p><p><br /></p><p>For don&#039;t forget, a Saint, in a bank, has seen a countertop or desk a great many times. It has been slid across that countertop and counted during inventories and audits a great many times, even though it never left the bank.</p><p><br /></p><p>Sure there were some that were left in sealed mint bags sitting in the vault. But there were also a large number that were taken out of those bags and put into teller trays just in case a customer came in and wanted them. But still those coins never left the bank.</p><p><br /></p><p>And no they didn&#039;t sit in paper rolls either because for the most part paper rolls saw very limited use in the 1920&#039;s and before. Most of those coins never saw a paper roll until much later. And most of those mint sealed bags sitting in the vault, those coins disappeared with the gold recall and went right back to the mint - never having left those bags. In fact, pretty much all of the Saints held by the banks went back to the mint with the gold recall.</p><p><br /></p><p>Which leaves us today, with only the coins that were held by the public. In other words, the coins that had most definitely entered the &quot;channels of commerce&quot;.</p><p><br /></p><p>Knowing this makes it even more difficult to &quot;assume&quot; the the light wear on Saints came from &quot;roll friction&quot;. Those coins never even saw a roll until dealers in the mid 1970&#039;s and later put them in rolls. For gold was illegal to own from 1933 until 1975. And the law forbade people to even own more than a few examples of individual coins for collection purposes. So those coins sat in drawers, cans, jars, and the like, for years. Sliding around every time something was moved, acquiring light wear. Many of them were even sold over the years, going from one owner to the next. And very few of those owners were actual coin collectors who took any care with their coins.</p><p><br /></p><p>So yes, most Saints do have light wear. But by no means do all of them have light wear. For there were those few put away by actual coin collectors from the time they were new and mint state. Just like all of the other older coins we have today that are mint state.</p><p><br /></p><p>Now considering all of this, do you still think those Saints with light wear should be graded MS ? I sure don&#039;t.[/QUOTE]</p><p><br /></p>

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