The way the mint and the security firms handle and pack coins in recent years means that most are already heavily marked by the time they get to bank branches.
I have opened many sealed bags, of brand new coins, from 2007 onwards and typically average 1 to 2 coins per bag of 20 that could really be graded UNC.
So, what do we grade coins with;
•no noticeable wear
•full, brilliant lustre
•lots of (or even only a few) scratches, gouges and rim nicks?
If it only has quite minor marking I will call it aUNC and, maybe, keep some. Mostly they just get released.
My modest first suggestion is "Brilliant Scratched" but I am working toward something more descriptive along the lines of "Brilliant Uncirculated Large Lousy Scratches H... I... T..."!
Any creative suggestions for suitable words to complete the description?
Jeff
QuoteBrilliant Uncirculated Large Lousy Scratches H... I... T..."!
Brilliant Uncirculated Large Lousy Scratches Horribly Injured Trash
:angel:
I would presume that technically damaged uncirculated coins are still called uncirculated but would be less desirable.Third party graders would label them as Uncirculated but with "details" or "scratched" ,"rim damage"or maybe "schrapnel" as part of the desription.You may even want to call them uncirculated and unloved
It appears to be the convention that decimal collectors describe bag-marked decimal coins with no wear as "about UNC". I have even seen some badly bagged but otherwise wear-free coins described as "EF". Decimal coins that pre-decimal collectors would describe as "Choice UNC" or "Gem UNC" are often simply termed as "UNC" by decimal collectors.
From a technical perspective (and also a PCGS perspective) a coin with no wear is by definition Mint State (or MS). A heavily bagged coin might be described as MS60. With less damage, the coin might grade MS61 or MS62. The typical decimal coin that comes off the RAM production line grades MS63 or so (or higher for the smaller coins like the five and ten cent).
(One consequence of this inconsistent application of the Australian grading "system" is that decimal coins with no wear that decimal collectors might describe as "aUNC" are graded MS62 by PCGS – resulting in the misconception that PCGS overgrades.)
There is a diferance between Uncirculated and desirable Uncirculated :ok:
Some of the uncirculated coins are bagged and nasty looking but technically they are still an uncirculated coin.
Quote from: 'trout' pid='20150' dateline='1372740281'There is a diferance between Uncirculated and desirable Uncirculated :ok:
Some of the uncirculated coins are bagged and nasty looking but technically they are still an uncirculated coin.
Couldn't have said it better myself
agree too
unc with bag marks
unc heavily bagmarked
choice unc with bag marks
and so on
the damage is bagging
not circulation wear
Quote from: 'trout' pid='20150' dateline='1372740281'There is a diferance between Uncirculated and desirable Uncirculated
And to further complicate matters, I find circulated but pristine coins, like many from the 90's, far more desirable than technically uncirculated coins that look like crap.
Yet I end up throwing them back, because I know that they have no real value, not being UNC.
Its all a bit wierd I reckon, and I do wonder how and why we dug ourselves into this mess. And will any of it matter in a century or two?
Quote from: 'Fulvio' pid='20191' dateline='1372771645'Quote from: 'trout' pid='20150' dateline='1372740281'There is a diferance between Uncirculated and desirable Uncirculated
And to further complicate matters, I find circulated but pristine coins, like many from the 90's, far more desirable than technically uncirculated coins that look like crap.
Yet I end up throwing them back, because I know that they have no real value, not being UNC.
Its all a bit wierd I reckon, and I do wonder how and why we dug ourselves into this mess. And will any of it matter in a century or two?
Getting coins in choice Unc from 1984 is not a real challenge as these are still readily available in mint sets relitivly cheaply.
But getting coins in choice uncirculated from 1966-1983 now that is an entirely differant kettle of fish due to the way the mint sets were packaged.
this is very interesting and why I got annoyed with noodling as it takes forever for the new coins to get here, so they not only have bag marks but also well circulated so it's really hard finding nice coins so that's why I decided to get some mint sets so I know they're nice.
If the Post Office could have a Philatelic Sales Centre, why can't the mint do it as well? Once upon a time you could trot down to the RBA in capital cities and pick up uncirculated coins and notes. I can't see any reason why that couldn't be reinstated. Oh wait... greed. :(
Does the RBA no longer do over the counter note sales?
Quote from: 'Mister T' pid='20278' dateline='1372845078'Does the RBA no longer do over the counter note sales?
Not for about the past five zillion years, no. :(
Oh, I thought I read that they did with the annual sales. I guess I got mixed up then.
Ah well.
Quote from: 'Fulvio' pid='20291' dateline='1372858748'Quote from: 'Mister T' pid='20278' dateline='1372845078'Does the RBA no longer do over the counter note sales?
Not for about the past five zillion years, no. :(
Yes they do.
They will even swap old notes for new at the reserve Bank in Sydney.
First and last prefixes can be ordered (but at a cost) each year.
Quote from: 'emu666' pid='31120' dateline='1381835616'reserve Bank in Sydney.
Without rereading this whole ancient thread for context, I'll just point out that there are RBA branches in every capital, and they used to do this. Now only Canberra and Sydney do. In a continent of this size, that's unacceptable.