What is meant by.... average circulated??
tincup
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Average circulated.... I see this often. But what exactly does it mean? Does it mean AG coins? or G-VG coins with some problems? Corroded coins? Does it mean different things when buying or selling? Or does it depend on who is buying or selling (in other words... no set standard)?
Thanks for any opinions - info...
Thanks for any opinions - info...
----- kj
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Comments
<< <i>who is buying or selling (in other words... no set standard) >>
That kind of says it pretty good. It may have a very broad hobby set definition, but not a concrete definition.
BST successful dealings with:MsMorrisine, goldman86
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David
It's not by accident the dealer is still using that term instead of properly grading the coin today.
peacockcoins
Joe.
The reason I asked the question.... I frequently check out 'buy' lists from several companies. I noticed that Littleton Coin Co. is now listing buy prices for 'average circulated'. The buy prices are less than the G+ buy price. So it would seem to imply that they are expecting something less than a G+ coin.
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But I also know that Littleton can be very selective when purchasing coins (kind of a surprise, given the usual price and quality of the coins they sell to novices....). So... if I had to quess what average circulated meant to them..... perhaps an AG++ coin, or an average G coin with no damage...
The older the coin, the lower the grade that average cirulated will refer to.
Average circulated for a 2005 state quarter would be MS or AU, but for an Indian head cent from 1865, perhaps G or AG.
But that is just my opinion.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
<< <i>Generally: AG-Fine. If your talking about sets: it generally means that all the good dates are junk, and all of the crummy dates may be ok coins, but arnt worth the listing fee to sell individually. >>
Bingo. It is all grades beneath the grade where it becomes worth paying anything for the coin. So, for a 21-D Merc it might be Fr2; for a 38-D Buffalo anything on up to XF or so. Older IHC's strictly AG; 20th century might include coins grading Good, etc.
If it is a "junk silver" coin to fill a hole in a circulated set, it might be Fine-VF. If it's an Indian cent, or most anything except a Morgan dollar or gold from the late 19th or early 20th century, it's probably a Good.
I've not seen 19th century coins offered with this grade from a long time, but you do see an ad, plan on a Good or maybe bit less than that.
Worry is the interest you pay on a debt you may not owe.
<< <i>Bill Jones---Gold coins from the late 19th and early 20th century is rare below VF. >>
I thought a sort said that ...
Yes "average circulated" late 19th and early 20th century gold will be in VF at best. Chances are anything lower will graded that way often via net grading from damage.
K S