Am I wrong? W quarter labeling Uncirculated verses Circulated...
Joe_360
Posts: 1,798 ✭✭✭✭✭
Dear members,
Tell me am I wrong. I saw a W quarter ad on eBay were the seller labels their coins as circulated even though the coins (stated) came directly from rolls. This person logic is circulated description that is given, is that the coins are rolled in a dirty machine and subjected to scratches, dents, and various rolling marks, if you buy a coin directly from the mint...
I myself believe (and list my coins as uncirculated) with the Red-book definition of Uncirculated, is a circulation-strike (or business-strike) coin that has never been used in commerce and has retain its original surface and luster.
I am not referring to a grade and/or condition, but only a classification that my coins where never used in circulation. I do state that as any coin that comes from the mint could have dings, dents and scratches...
So I am asking the honorable coin collecting members of this forum, am I wrong?
Thanks, Joe
Comments
I list all my W quarters as circulated.
If a buyer thinks it is uncirculated they are very happy.
If they think it is circulated I am covered.
"Uncurculated" is usually used as a grade, and as such a coin could potentially have been used in commerce and still qualify.
If you use the word as a statement of a coin's origin then a pocket piece pulled from a new roll would qualify regardless of condition, which wouldn't seem right.
I wrested with this as a new collector many years ago. I wanted to keep the blazing new quarters my mother has gotten in charge at the supermarket but I told myself they had been touched and came from circulation so they were not "uncurculated". I would never use that line of reasoning today.
Of course, if an Ebay seller wants to undergrade a bit to avoid buyer issues, that might be a good idea. Underpromise and overdeliver.
"Underpromise and overdeliver."
Exactly
Not all rolls contain only uncirculated coins, if any, at all.
Additionally, some coins which have never actually circulated, still acquire signs of very light friction/wear.
The above notwithstanding, grade and/or condition is not usually wholly distinct from a classification of a coin as uncirculated.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I not going to argue that fact.. As a coin collector, I am just trying to be what I believe is accurate... How many Morgan's and Peace dollars are labeled uncirculated and have far more dings and bag-marks then today's quarters...
All of my quarters came from 100% new rolls, new boxes, I hand removed. They were not mixed with used, came directly from the bank and have never see circulation - I know better than this!!!
Then unless they somehow display any hints of wear, it sounds accurate to describe them as uncirculated, despite whatever flaws they exhibit.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I will list a Morgan or Peace as uncirculated if it is such.
I tried several listings for the W's as uncirculated and didn't have a problem but for some strange reason it doesn't seem to matter much with them because the circulated listings seem to bring the same amount. If it doesn't make much difference why not play on the safe side? I photo each coin so buyers can see exactly what they are buying.
Thanks. Agree with your observation. I do post multiple photo's and list that the coin (s) in the photos will be the one(s) received. All comments that I have gotten is "Coins as described"
Thanks!
Circulaed or uncirculated I will buy any people have to sell at the right price.
circulated means coin shows signs of having been in circulation. This does not include damage to coins they received before they were removed from their original bank roll or consumer mint bag such as bag marks or rolling machine damage.
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If it comes from the mint as 'uncirculated', be it a set or other offering, than it is safe to call it such. Other coins, procured from a bank or commercial source (i.e. dealer etc.), may certainly appear, and actually be, uncirculated. How a selling party labels them is a choice, the buyer judges the condition. Cheers, RickO
I thought anything that doesn’t come in a mint set is technically circulated except bullion it’s bagged or rolled so it’s in for a beating that’s why a lot of Ws aren’t grading so well
https://www.pcgs.com/setregistry/quarters/washington-quarters-major-sets/washington-quarters-date-set-circulation-strikes-1932-present/publishedset/209923
https://www.pcgs.com/setregistry/quarters/washington-quarters-major-sets/washington-quarters-date-set-circulation-strikes-1932-present/album/209923