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<p>[QUOTE=&quot;ToughCOINS, post: 2823204, member: 20480&quot;]Uncirculated coins are graded based not on how much they have been worn, but on how well they were struck, while circulated coins are graded based not on how well they were struck, but on how much they are worn.</p><p><br /></p><p>I&#039;m not saying that our illustrious Insider never knew this.&nbsp; Quite the contrary . . . grading has become so nuanced that it is easy to let some of our earliest lessons fade from memory . . . I often find myself needing a re-calibration.[/QUOTE]</p><p><br /></p>

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