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What does "new" mean ?
Gazes
Posts: 2,315 ✭✭✭✭✭
I recently saw a description by Doug Winter on his site for a liberty gold eagle that stated the coin was truly a new coin with full luster, pleasing green gold toning over unabraded surfaces. What does he mean by using the word "new"? Thanks
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New means unused. In the case of a coin it means that the coin is in mint state or uncirculated condition (no wear and has never been used in circulation).
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
To me it means it's been off the market for a long time.
Or, it could mean new to his inventory.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I agree with coinnut and PerryHall....Either new to market or new to inventory. Cheers, RickO
NEW: Appearing, thought of, discovered, made, etc. for the first time.
There are other definitions also. Looks like "new" can mean almost anything. IMO, that is a very confusing word to use when grading a coin. Sorta like the description "Uncirculated w/rub." I've got some "new" coins in my collection. All of them are scratched and baggy; yet they are "new."
Perhaps the best thing is to ask Doug and let us know. Ask him to put a Mint State grade on it.
Could mean all of these things but In this context I think he probably means "as in unused"...
New = fresh to the market after many years.
Could be, yet "new" is a weasel word. My "unused" coins are, baggy and scratched, with a little "cabinet friction" for good measure.
Without reading the exact wording in the description, to me, he's saying..."unlike a vast majority of MS coins that are really AU55-58, this one is actually a MS coin [ and worthy of a premium as such]"
He generally uses new to mean new inventory and new purchase on his website. His site uses "NEW" in both "NEW INVENTORY" and to label each new purchase on his site. He also uses "Newps" on his homepage, shorthand for new purchase.
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