About Good AG-3 : Most of the design of the coin will be outlined, but the rims will generally have worn far enough into the design to obliterate parts of the lettering or stars. Sometimes referred to as Almost Good. Good G-4, 6 : The general design of the coin will be outlined, but there will be very little detail and some parts may be very weak. For the most part, the rim will be intact, but it may wear down to the tops of the letters or stars in some cases. Non-collectors will often refer to their coins as being in "Good" condition; a coin grading Good is actually a very worn coin.
Very Good VG-8, 10 : The coin will have medium to heavy wear, but some details will still be visible. Fine F, 15 : The coin will have medium wear, with quite a few details visible and some high spots obviously worn away. Very Fine VF, 25, 30, 35 : The coin will have medium to light wear overall, and all general details will be visible.
Extremely Fine XF, 45 : The coin has light wear over the high points only. There may be some traces of mint luster. Also commonly abbreviated as EF.
About Uncirculated AU, 53, 55, 58 : The coin has wear ranging from extremely light to only a trace of friction on the highest points, along with medium to nearly full luster. AU coins have so little wear that they are often mistaken for Uncirculated coins, hence the nickname "Slider", and in some cases are more attractive than low-end uncirculated coins. It has been said that an AU coin is an MS coin with a trace of wear.
AU is sometimes referred to as Almost Uncirculated. Coins with no wear at all are alternately referred to as Uncirculated Unc. When a numerical grade is assigned to an uncirculated coin, it goes along with the abbreviation MS, such as MS Uncirculated MS, 61, 62 : An uncirculated coin with noticeable deficiencies, generally either an overabundance of bagmarks, a poor strike, or poor luster. Although most price guides will give a price for coins in MS condition, in many cases this is a very unusual grade, with typical uncirculated pieces often grading somewhere in the MS to MS range depending on the series.
Select Uncirculated MS : An uncirculated coin with fewer deficiencies than coins in lower uncirculated grades. In general, this will be an uncirculated coin with relatively ordinary eye appeal. In , another significant improvement to coin grading took place when Abe Kosoff published the Offical ANA Grading Standards for United States Coins , which sought to define the numerical grades Sheldon had identified years earlier.
This text would not only create descriptions for each possible grade, but would also provide photographs as examples of each. PCGS would be the first to encapsulate graded coins by placing them in a plastic holder with a label that details information about the coin and its condition. After that, everything changed. Today a multitude of cores, labels, and designations are available that allow collectors to enhance their collection even further.
Learn more about the history of coin grading here. Before such services were widely available, collectors just had to trust the information that the seller was giving them with little to no way to verify if that was true or not.
Today, collectors rest assured knowing that their coins are not only authentic, but guaranteed to be in the condition the grading service has arrived at. This also helps guard against counterfeit coins as customers can rest assured that third-party certified coins are the real deal.
In addition, the encapsulation of coins that have been certified also provides an extra layer of protection to coins that would otherwise be vulnerable to damage, which would lower the overall condition of the coin.
Learn more about the impact coin grading has had on numismatics here. For casual collectors, ungraded coins provide the most cost-effective means of collecting. For more serious collectors, those who take pride in their collections, those who like certainty, and those who purchase in hopes of turning a profit, graded coins are often a more attractive option.
One of the most important advantages of a graded coin over an ungraded one is authentication. Coins new and old may be counterfeited by those with nefarious motives or simply errantly identified by inexperienced collectors, those who inherit coins, or others. Grading companies authenticate the coins sent to them, providing professional backing to things like weight, purity, and age.
Not only does this make it possible to buy and sell coins on the secondary market without fear, but it also guarantees authenticity for hobbyists. Another advantage of graded coins is that they are protected in ways that ungraded coins are not. Ungraded coins are susceptible to damage by carelessness, improper handling, spills, humidity, and more. However, graded coins come sealed in plastic slabs which offer a layer of protection from environmental factors that could otherwise damage them.
For collectors who like to show off their collections, these slabs also make it easier to allow other people to handle the coins, as they need not worry about smudges or drops.
Many collectors also prefer the aesthetics of graded coins. Although many modern coins come in themed packaging that sometimes includes display cases, other coins are released in rolls or other generic packaging. Older ungraded coins typically have no packaging. The slabs that protect the coins provide a neat, clean look. They may also add to the visual appeal of coins with themed labels, which may include features like pictures or national flags.
Avid collectors also appreciate labels that have been hand-signed by significant numismatic figures, like former United States Mint Chief Engraver and numismatic legend John Mercanti. All in all, coin grading provides significant advantages for both personal collectors and those looking to sell. Copyright GovMint. All Rights Reserved. Henry Nienhuis, F. To learn more, visit www. An inherited coin collection is an unexpected gift that often reveals something about its owner and their interests.
The short answer is, if someone somewhere wants a coin, then that coin has a re-sale value. However, there are a few factors that can help predict whether some coins in your collection could see a significant increase in value with time.
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