Dan as we have talked before about coin grading and currency grading the major problem is if I take a freshly printed note and fold it 3 times it is now XF. Coins need to circulate for a good amount of time in order to become XF. Therefore, the coin grading scale and currency grading scale should never be seen as equal to the other. New collectors need to know that and I think you have illustrated that fact well. Thank you for sharing and taking the time to make this video.
@@Stuplubakcurrency depends on the coins. For Morgan dollars then yes. For some years and mints there are a ridiculous amount of MS coins. Half dollars, quarters, dimes, nickels and pennies would depend on the year. At the turn of the 19th century to the 20th those coins were work horses in the economy and so finding original MS coins can be difficult. Paper money also fits into that category in my eyes, because it was used and easily affected by handling.
You do seem to get more for your money with currency. For me, raw currency is hard to grade when above 35. That is one reason I am cautious when it comes to buying certain raw examples. Great Video Idea!
I wish you had held both Dollar Bills up to a bright light. That shows folds, wrinkles, creases, smudges ect. Any fold anywhere on a Bill removes it from Uncirculated condition. Laying on a dark background, you could still see a fold.
@@PolarCurrency Agreed! That is a very clean bill for an XF, no doubt! Lots of eye appeal! I think you got a great deal! An AU note can have a fold, or a few very light folds, according to PMG grading scale online. Where am XF note has three folds? I could barely tell that your note even has one fold! I believe it is under graded, and you made a good purchase!
I was a coin guy, before I gradually got into bank notes. But I’ve been collecting both for over 40yrs. I’ve learned a lot in my time collecting, and there’s so much more to learn. Thanks for the great video and taking time to show us what you’ve learned along the way.
@5:41 "for the 3 coin people that might be watching". Wooo! that's me! 🙂So my take is this: The coin grading system seems to be more linear where a slightly better grade above 40 will actually make a visual difference on the coin. With banknotes the differences in grade above 40 are smaller. So what have I learned? If I ever buy graded notes, I will stick to XF 40s. That quality is "good enough" for me! Thanks for sharing. This was very educational for me, one of the 3 coin guys who watch your videos 🙂
Thanks Emanuel and we’ll said. I don’t know enough about coin grading but maybe the adjustment needs to be made in currency grading. I mean 3 folds and you can’t be a 40? That does sound odd.
I enjoyed the video. I still remember the day I realized that vf paper was nice enough for me to purchase for my collection. I care about decency and availability. It was a journey to arrive where I am at for coins or banknotes.
I just watched and then read all the comments. Great comparison! Some people enjoy the process of sending stuff for grading. Some people’s curiosity costs them a lot of money. I would have to believe that is true for both coins AND paper. I am a HUGE fan of eye appeal. Showing how low of a grade that still has amazing eye appeal should be a huge draw for new collectors. Great video. Now I gotta reply to some comments.😁
You know it’s all about eye appeal for me all the way down to VG 10 and it’s funny is 40 is where I have to stop estimating grades. Too difficult with banknotes for me with higher grades. Lucky for me that’s all I can afford! Thanks Stu.
Fun video Dan! With the coin, the ENTIRE coin is worn (or most of it) but with paper, all it takes is a couple of folds to knock the grade down, not necessarily "wear".
Great video. Almost had my drink come out of my nose laughing at a few of your coin descriptions. Overall the grading is night and day. But I would buy 40 grade currency all day before a coin.
On the flip side, I can take an uncirculated bank note and turn it into an XF in about 2 seconds. An XF Morgan that started as Unc probably made its way through commerce for a year before someone yanked it. A good rule of thumb for coins is that XF has basically all of the details visible just without the luster.
@@Stuplubakcurrency I'm not saying it is. I'm saying if you take an unc coin and use it in circulation for a year, it's probably XF or so. Do that with a note and it's probably a lot lower.
Good point. The issue could be with using the Sheldon Scale isn’t for currency - I mean three’s folds and you’re out and an UNC coin can have many “bag marks” and it’s still UNC. ?
Dan, I agree - there is a difference between coins and currency in XF40, and the difference is pretty stark. I suspect that on both the high and low ends, there will be more commonality between coins and currency than in these mid grades. In currency I have found notes all the way down to VF20-25 can still have surprisingly good eye appeal. Thanks for putting out a video on this topic and taking one for the team to get it done, and actually (gasp!) buying a coin!
@@PolarCurrency lol this is a random comment to mention it but… I was curious if you knew about “Low Ball” coin collecting? And if you do, what would that look like as a currency collection? 🤷♂️ might make a fun video.
For sure, there's a big difference visually between the same grade on coins and currency. From my limited experience, you won't really get a NICE-looking coin with anything under MS. There is the occasional exception in high AU grades, but for the most part, it's a pretty big drop. Usually, a NICE-looking coin will be MS62-MS65, and a REALLY NICE-looking coin will be MS66 and above.
Thanks Dan for acknowledging us coin guys, although, I am currently focusing more on currency. XF 40 for currency is definitely more impressive looking than the same for coins. I find that the grading scales are more comparable in ultra high grades, and extremely low grades. The middle range is just not the same between the two. I honestly feel like if the middle range was equal, an XF-40 note would be AU-55 on a coin scale. Currency is so fragile that a single accidentally smashed corner from not carefully putting it into a sleeve will drop it from a 67 to a 60. For a coin to go from a 65 to a 60, requires some time in circulation. This was a fun little video.
Newbie here: I've noticed there seems to be a one-way tension between paper money collectors and coin collectors. Maybe you could even call it the superiority or animosity held by paper money collectors toward the coin collecting hobby. Why is that? I honestly don't know the history between these two categories of collectors, as I'm just getting into the hobby. Maybe it's all in fun, but I've seen it from several paper guys so it's prevalent in my new impressions of the hobby. I'm not putoff by it, just genuinely curious.Thanks.
Dan, pretty much always uses it in a joking manner. I have been collecting coins and currency for decades, and can say that both sides who collect one or the other, have their elitist members too. I feel like with collecting currency in general, finding something from 60 years ago in XF-40 in circulation, feels more rewarding than finding a comparable coin.
As a fellow currency collector I have to disagree with the “one-way” aspect. I pay full price to go to National shows just to have 75% of the dealers not have currency. Those that do have them rubber banded together. I have done videos about coin shops and their “box” of currency on the back shelf. Any coin dealers could go on for hours about the difference between a die chip versus chatter but couldn’t tell you what US bank note had the “in god we trust” motto first. (Not counting obsoletes, the $5 1886 Morgan back silver certificate shows it but it wasn’t until the 1935G series SC that it was official). 😁🤑
Welcome! Agree with both comments of collecting the cheap and stuplubak. I wouldn’t call it animosity but currency is definitely treated as secondary - which is OK. Coin collecting has a much easier and lower cost entry point, a penny vs. $1. But, in my opinion, more of an “elitist” vibe from some coin folks. Yes, currency has them too. I just want coin collectors to see the value of banknotes and possibly consider collecting both. Thanks for the great comment!
@@PolarCurrency I appreciate you and the others for replying. It's all in jest. Above all I look forward to buying my first bank note soon, but not until I do more research and that includes watching your videos.
Great video. The Sheldon scale was actually created for large cents and morphed for all coins. Not perfect, but what’s accepted in the industry. Why it was used for currency makes no sense. As a coin guy coming to currency, it’s confusing to say the least.
Great comment and thought. Makes me think that the currency scale needs readjustment. I mean 3 folds and you’re out? And the paper could still be PPQ/EPQ?
Great info! Makes me think the currency scale needs the readjustment. I mean how does it make sense that 3 folds and you’re out despite paper still being PPQ/EPQ?
Hallo Dan! Man, this 40 grade note looks really great! It is really not a huge difference to 65 grade!! Good to know!! I would give 40 grade coin no more then 20, to be honest!!! It is really very dirty coin!!
Interesting video, Dan, “I’m not a Coin guy “ And there are 100 coins on the wall behind you 😂 That’s like me saying, I eat healthy with boxes of little Debbie behind me😂 Just kidding, Keep Stackin Bro
Thanks and have to appreciate my irony! I really am not a coin guy just like the look of big “sovereign” silver coins for my type collection of 39/40 mm “dollars”and half dollars.
Dan as we have talked before about coin grading and currency grading the major problem is if I take a freshly printed note and fold it 3 times it is now XF. Coins need to circulate for a good amount of time in order to become XF. Therefore, the coin grading scale and currency grading scale should never be seen as equal to the other. New collectors need to know that and I think you have illustrated that fact well. Thank you for sharing and taking the time to make this video.
I’m reading this as there being a ridiculously high number of higher grade coins compared to the ultra low number of high grade paper.
@@Stuplubakcurrency depends on the coins. For Morgan dollars then yes. For some years and mints there are a ridiculous amount of MS coins. Half dollars, quarters, dimes, nickels and pennies would depend on the year. At the turn of the 19th century to the 20th those coins were work horses in the economy and so finding original MS coins can be difficult. Paper money also fits into that category in my eyes, because it was used and easily affected by handling.
Thanks Dean - hit my point that the Sheldon scale does not match up.
Enjoyed the video Dan. Thanks for sharing.
Thank you George appreciate the support.
I always found in funny how scuffed up a coin can be and still get a MS grade. Thanks for the video
RNR that’s kind of where this video started!
Great video, Dan. I always enjoy your thoughts and comments. Thanks again!
Thanks for the support it is appropriated!
You do seem to get more for your money with currency. For me, raw currency is hard to grade when above 35. That is one reason I am cautious when it comes to buying certain raw examples. Great Video Idea!
Thanks Ontario and 100% agree stopping at 35 - I think because of wear coins can be easier to grade.
I wish you had held both Dollar Bills up to a bright light. That shows folds, wrinkles, creases, smudges ect. Any fold anywhere on a Bill removes it from Uncirculated condition. Laying on a dark background, you could still see a fold.
Great point! I should have done that. Help reinforce the differences looking at a banknote but the eye appeal gap is still there.
@@PolarCurrency Agreed! That is a very clean bill for an XF, no doubt! Lots of eye appeal! I think you got a great deal! An AU note can have a fold, or a few very light folds, according to PMG grading scale online. Where am XF note has three folds? I could barely tell that your note even has one fold! I believe it is under graded, and you made a good purchase!
I subbed btw, you have excellent content! Glad I found you!
@@Boxxkarr appreciate that!
I was a coin guy, before I gradually got into bank notes. But I’ve been collecting both for over 40yrs. I’ve learned a lot in my time collecting, and there’s so much more to learn. Thanks for the great video and taking time to show us what you’ve learned along the way.
Appreciate the kind words and your experience. Always have to keep learning.
@5:41 "for the 3 coin people that might be watching". Wooo! that's me! 🙂So my take is this: The coin grading system seems to be more linear where a slightly better grade above 40 will actually make a visual difference on the coin. With banknotes the differences in grade above 40 are smaller. So what have I learned? If I ever buy graded notes, I will stick to XF 40s. That quality is "good enough" for me! Thanks for sharing. This was very educational for me, one of the 3 coin guys who watch your videos 🙂
Thanks Emanuel and we’ll said. I don’t know enough about coin grading but maybe the adjustment needs to be made in currency grading. I mean 3 folds and you can’t be a 40? That does sound odd.
I enjoyed the video. I still remember the day I realized that vf paper was nice enough for me to purchase for my collection. I care about decency and availability. It was a journey to arrive where I am at for coins or banknotes.
It was a big realization for me to see the difference. Thanks Ben,
I just watched and then read all the comments. Great comparison! Some people enjoy the process of sending stuff for grading. Some people’s curiosity costs them a lot of money. I would have to believe that is true for both coins AND paper. I am a HUGE fan of eye appeal. Showing how low of a grade that still has amazing eye appeal should be a huge draw for new collectors. Great video. Now I gotta reply to some comments.😁
You know it’s all about eye appeal for me all the way down to VG 10 and it’s funny is 40 is where I have to stop estimating grades. Too difficult with banknotes for me with higher grades. Lucky for me that’s all I can afford! Thanks Stu.
Fun video Dan! With the coin, the ENTIRE coin is worn (or most of it) but with paper, all it takes is a couple of folds to knock the grade down, not necessarily "wear".
That’s it! The grades just don’t match up for eye appeal - thanks for the added info!
Great video. Almost had my drink come out of my nose laughing at a few of your coin descriptions. Overall the grading is night and day. But I would buy 40 grade currency all day before a coin.
Sorry about the drink Gunny! And agree 40 is awesome and even a VF 20 can look great. (Closed circuit from Florida!)
@@PolarCurrency Don't be sorry, I guess thats my way to determine if a video deserves 2 thumbs up. Keep em coming.
On the flip side, I can take an uncirculated bank note and turn it into an XF in about 2 seconds. An XF Morgan that started as Unc probably made its way through commerce for a year before someone yanked it. A good rule of thumb for coins is that XF has basically all of the details visible just without the luster.
As a paper guy, you kinda prove why I’m confused about coin grading. If something circulates for a year, um, that’s not uncirculated.
@@Stuplubakcurrency I'm not saying it is. I'm saying if you take an unc coin and use it in circulation for a year, it's probably XF or so. Do that with a note and it's probably a lot lower.
Good point. The issue could be with using the Sheldon Scale isn’t for currency - I mean three’s folds and you’re out and an UNC coin can have many “bag marks” and it’s still UNC.
?
Dan, I agree - there is a difference between coins and currency in XF40, and the difference is pretty stark. I suspect that on both the high and low ends, there will be more commonality between coins and currency than in these mid grades. In currency I have found notes all the way down to VF20-25 can still have surprisingly good eye appeal. Thanks for putting out a video on this topic and taking one for the team to get it done, and actually (gasp!) buying a coin!
Hah! I had to make the purchase! As for the Sheldon scale, yes, very different from 50 down. Thanks Pierre!
Interesting
Oddly, yes it is…and you are one of my three coin guys!
@@PolarCurrency lol this is a random comment to mention it but… I was curious if you knew about “Low Ball” coin collecting? And if you do, what would that look like as a currency collection? 🤷♂️ might make a fun video.
@@roundnshiny I have seen that. Might be too easy to find currency lowballs!
For sure, there's a big difference visually between the same grade on coins and currency. From my limited experience, you won't really get a NICE-looking coin with anything under MS. There is the occasional exception in high AU grades, but for the most part, it's a pretty big drop. Usually, a NICE-looking coin will be MS62-MS65, and a REALLY NICE-looking coin will be MS66 and above.
Exactly! Just pointing out the difference with the scale, just seems odd. Thanks Joe.
Thanks Dan for acknowledging us coin guys, although, I am currently focusing more on currency. XF 40 for currency is definitely more impressive looking than the same for coins. I find that the grading scales are more comparable in ultra high grades, and extremely low grades. The middle range is just not the same between the two. I honestly feel like if the middle range was equal, an XF-40 note would be AU-55 on a coin scale. Currency is so fragile that a single accidentally smashed corner from not carefully putting it into a sleeve will drop it from a 67 to a 60. For a coin to go from a 65 to a 60, requires some time in circulation. This was a fun little video.
Great insight Timothy - completely agree with the low and high ranges. And had to acknowledge my three coin guys!
Having been a coin collector most of my life i also seen how a 30+ coin vs a 30+ currency note, the currency always looks better.
I agree. It has to be that the Sheldon Scale needs to just be completely different for banknotes!
Another great video specially talking about Coins and currency wow, what a treat lol Thank you for sharing.
This video was for you and Dean the Captains of the Morgan’s!
40 by 40! Love the intro.
Thanks Sam!
Thanks Sam!
Great stuff! Thanks for taking the time to providing continued great content!
Thanks so much and am thankful for the kind words.
Good job Dan
Thanks!
Newbie here: I've noticed there seems to be a one-way tension between paper money collectors and coin collectors. Maybe you could even call it the superiority or animosity held by paper money collectors toward the coin collecting hobby. Why is that? I honestly don't know the history between these two categories of collectors, as I'm just getting into the hobby. Maybe it's all in fun, but I've seen it from several paper guys so it's prevalent in my new impressions of the hobby. I'm not putoff by it, just genuinely curious.Thanks.
Dan, pretty much always uses it in a joking manner. I have been collecting coins and currency for decades, and can say that both sides who collect one or the other, have their elitist members too. I feel like with collecting currency in general, finding something from 60 years ago in XF-40 in circulation, feels more rewarding than finding a comparable coin.
As a fellow currency collector I have to disagree with the “one-way” aspect. I pay full price to go to National shows just to have 75% of the dealers not have currency. Those that do have them rubber banded together. I have done videos about coin shops and their “box” of currency on the back shelf. Any coin dealers could go on for hours about the difference between a die chip versus chatter but couldn’t tell you what US bank note had the “in god we trust” motto first. (Not counting obsoletes, the $5 1886 Morgan back silver certificate shows it but it wasn’t until the 1935G series SC that it was official). 😁🤑
Welcome! Agree with both comments of collecting the cheap and stuplubak. I wouldn’t call it animosity but currency is definitely treated as secondary - which is OK. Coin collecting has a much easier and lower cost entry point, a penny vs. $1. But, in my opinion, more of an “elitist” vibe from some coin folks. Yes, currency has them too. I just want coin collectors to see the value of banknotes and possibly consider collecting both. Thanks for the great comment!
@@PolarCurrency I appreciate you and the others for replying. It's all in jest. Above all I look forward to buying my first bank note soon, but not until I do more research and that includes watching your videos.
Great video. The Sheldon scale was actually created for large cents and morphed for all coins. Not perfect, but what’s accepted in the industry.
Why it was used for currency makes no sense.
As a coin guy coming to currency, it’s confusing to say the least.
Great comment and thought. Makes me think that the currency scale needs readjustment. I mean 3 folds and you’re out? And the paper could still be PPQ/EPQ?
Great info! Makes me think the currency scale needs the readjustment. I mean how does it make sense that 3 folds and you’re out despite paper still being PPQ/EPQ?
@@PolarCurrency well NGC is trying to go to a 10 point scale like cards and comic books but so far hasn’t really caught on.
Great video Dan
Thank you sir!
Great Video! Vikings Fan, huh?
Thanks and sadly, yes, yes I am. Can’t talk about this season or the jinx will happen!
I've seen alot better xf40 Morgans than the one you have.Ben is obsessed with coin grading
Great comment - just tried to show “an average” of what I saw online etc.
Dan, it’s not such a bad thing to add some nice coins for diversification….🤘😁
I completely agree especially when you look behind my shoulder!
I completely agree you just have to look over my shoulder!
Hallo Dan! Man, this 40 grade note looks really great! It is really not a huge difference to 65 grade!! Good to know!! I would give 40 grade coin no more then 20, to be honest!!! It is really very dirty coin!!
Roman - I was quite surprised with the difference but good for currency collectors!
@@PolarCurrency Yes! Good for us!!!
Interesting video, Dan,
“I’m not a Coin guy “
And there are 100 coins on the wall behind you 😂
That’s like me saying, I eat healthy with boxes of little Debbie behind me😂
Just kidding, Keep Stackin Bro
Thanks and have to appreciate my irony! I really am not a coin guy just like the look of big “sovereign” silver coins for my type collection of 39/40 mm “dollars”and half dollars.
And that would be Zebra Cakes!
Must people that collect paper money would have a coin or two, that is b/c some of the notes were back up by silver and gold back then.