Cabinet Friction ?
Will somebody please define "cabinet friction" for me?
I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.
The name is LEE!
The name is LEE!
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-Randy Newman
<< <i>Will somebody please define "cabinet friction" for me? >>
The excuse used when grading an AU coin as MS.
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<< <i>Will somebody please define "cabinet friction" for me? >>
The excuse used when grading an AU coin as MS. >>
<< <i>I happen to love cabinet friction and do not think that an MS coin should be dinged for it, it isn't wear from circulation that caused it just storage conditions and the fact that in the good ole days that is what collectors had happen to them when they put their coins away for safe keeping, so to me it is original conditions. >>
Rub is rub regardless of whether it occured in a felt lined drawer or in someone's pocket. By the same token, just because you receive a coin in change from MickeyD's doesn't necessarily mean that it isn't MS.
Wear (or lack of) determines grade not whether or not a coin ever actually saw circulation.
<< <i>I happen to love cabinet friction and do not think that an MS coin should be dinged for it, it isn't wear from circulation that caused it just storage conditions and the fact that in the good ole days that is what collectors had happen to them when they put their coins away for safe keeping, so to me it is original conditions. >>
Ah, the dealers got to you eh?
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<< <i>I happen to love cabinet friction and do not think that an MS coin should be dinged for it, it isn't wear from circulation that caused it just storage conditions and the fact that in the good ole days that is what collectors had happen to them when they put their coins away for safe keeping, so to me it is original conditions. >>
Rub is rub regardless of whether it occured in a felt lined drawer or in someone's pocket. By the same token, just because you receive a coin in change from MickeyD's doesn't necessarily mean that it isn't MS.
Wear (or lack of) determines grade not whether or not a coin ever actually saw circulation. >>
Bingo! I completely agree. I hate it when people give the excuse that the coin is really mint state because it was never used in commerce! How do you even prove that?
Does anybody have a good example of "cabinet friction" they would like to share?
The name is LEE!
<< <i>Obviously this should be an argument for TPGs to mull over. As has been said so many times before, if the coin is attractive to you... Each to his own. >>
Maybe, maybe not but since the term does come up with some regard to some classic coins, its diagnostics should be understood.
The name is LEE!
<< <i>As to cabinet friction being REAL wear take a REAL MS classic coin that has cabinet friction on one or two high points and no where else, one that is clearly MS when it comes to luster, strike but clearly only due to storage which is obvious because the cabinet friction is only on one side and clearly from rubbing, no hairlines of any sort. I will take this coin and call it an MS all day long and I welcome a good argument! >>
The definition of mint state is "as minted--no visible wear. (in other words, no rub regardless of the source) You CAN call it MS all day long and often the TPG's will agree with you. This is where market grading differs from reality resulting in what should actually be called AU-6X rather than MS-6X.
<< <i>
<< <i>
<< <i>As to cabinet friction being REAL wear take a REAL MS classic coin that has cabinet friction on one or two high points and no where else, one that is clearly MS when it comes to luster, strike but clearly only due to storage which is obvious because the cabinet friction is only on one side and clearly from rubbing, no hairlines of any sort. I will take this coin and call it an MS all day long and I welcome a good argument! >>
The definition of mint state is "as minted--no visible wear. (in other words, no rub regardless of the source) You CAN call it MS all day long and often the TPG's will agree with you. This is where market grading differs from reality resulting in what should actually be called AU-6X rather than MS-6X. >>
I can't really disagree with the above statement, but I will say from my point of view I rather have a coin that is called ms by PCGS that has a little cabinet friction original/natural toning, original surfaces never cleaned then something that has been dipped bright white. >>
There I agree with you whole-heartedly. I would prefer that coin over a dipped white coin, too. I would simply prefer that PCGS would grade it based on what it really is rather than based on what it would sell for.
Later.........
The name is LEE!
I firmly believe that some enterprising coin dealer "coined" the concept and phrase of cabinet friction to help get an MS price for an AU coin.
Yes, imo the coin is technically uncirculated and I have no problem with a tpg valuing the coin at 60, 61, or even 62 if the rest of the coin (luster, strike, eye appeal) are there.
Liberty: Parent of Science & Industry
So....cabinet friction would be considered "rub" on one side of the coin?
Anybody got any pictures?
The name is LEE!