A Mint State coin refers to an uncirculated coin that retains its original condition and appearance as it did when it left the mint . In essence, it has never been used in circulation and, therefore, does not show signs of wear and tear that typically accumulate on circulated coins.
Here are the key characteristics of Mint State coins:
- Uncirculated: This is the most crucial aspect – Mint State coins have never been used as currency, according to GovMint.com.
- Original Luster and Details: They retain their original shine (luster) and the intricate details of their design, appearing much as they did when first minted.
- Graded on the Sheldon Scale: Mint State coins are graded on the Sheldon Scale, a 70-point system, with grades ranging from MS-60 to MS-70.
- Professional Certification: To authenticate their condition and grade, Mint State coins are often professionally graded by third-party services like the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Company (NGC). These coins are then placed in protective holders (slabs) with a certification label.
- Eye Appeal: While even MS-60 coins are technically uncirculated, the differences in Mint State grades often come down to eye appeal, including factors like luster, strike quality, and the absence of distracting marks.
It is important to differentiate Mint State coins from Proof coins.
- Mint State Coins (MS): These are coins initially intended for circulation but never actually entered commerce. They typically have a softer, more matte-like finish compared to proof coins.
- Proof Coins (PR/PF): These are specially struck for collectors using a different manufacturing process that often involves multiple strikes and polished dies, resulting in a mirror-like finish and sharper detail.
In essence, Mint State coins offer a glimpse into the past by preserving the original condition and aesthetic of coins that were intended for everyday use but were never actually circulated.
Are mint state coins worth anything?
Great question! Overall, if not all, the overwhelming majority of circulated state quarters are worth their 25-cent face value. Certain uncirculated pieces may be worth just slightly more, typically about $1.25.
What is the difference between mint state and uncirculated coins?
Uncirculated (Unc.) or Brilliant Uncirculated (BU) coins are those that show no signs of wear at all. These are generally assigned a higher grade known as Mint State (MS): Uncirculated (MS-60, 61, 62): Abrasions in the open fields of the coin. Marks or scuffs on the coin, particularly on the monarch’s portrait.