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Article #361: The Coin Grading System

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The Coin Grading Systemby Robert L surface spotting or lacks some of its
Taylor, JD original luster.
Coin grading is a term used to refer to 4. Choice About Uncirculated (AU-55 & 58)
the process of determining the condition A coin having very light wear on only the
or quality of a coin, and its full highest points of the design but no other
identity. It is essential to know what defects and with most of its luster
the grade is of a particular coin, remaining.
because, as a general matter, the higher 5. About Uncirculated (AU-50)
the grade of a coin, the higher its Coin has evidence of light wear on many
numismatic value. of the high points but at least half of
Coins are graded on a 0-70 point scale the mint luster is still present.
devised by Dr William Shelby. The 6. Extremely Fine (EF-40)
details can be found in the Official The coin design is lightly worn in most
A.N.A. Grading Standards for United places but all the features remain sharp
States Coins published by the American and well defined.
Numismatic Association (ANA). Under this 7. Choice Very Fine (VF-30)
method of grading, the higher the point Light even wear on the surface and
scale accorded a particular coin, the highest parts of the design but most
better its quality. major features and the lettering are
The process of grading a coin is partly sharp.
subjective and partly an art, rather than 8. Very Fine (VF-20)
a true science. Accurate grading requires Minor features such as some of the finer
many years of skill and experience. hair detail, feathers, etc. will be
However, determining an approximate grade moderately worn. Shows moderate wear on
is possible for even the novice coin high points of design. All major details
collector. are clear.
The basic point scales that define coin 9. Fine (F-12)
grades, are as follows: Moderate to considerable even wear over
1. Mint State Perfect Uncirculated most features and the lettering. A lot of
(MS-70) the details are worn through but you can
Mint state uncirculated coin in perfect still see a good deal of the design. 10.
condition, showing no traces of wear, and Very Good (VG-8)
no blemishes, scratches, handling or The entire design is weak, but a few
contact with other coins. The best details are visible. Well worn throughout
quality coin possible. but coin rims still visible.
2. Choice (Gem) Uncirculated (MS-65-69) 11. Good (G-4)
An above average uncirculated coin which Heavily worn but design and legend still
retains all of the original mint visible although quite weak in spots.
brilliance or luster, and has a very few Many details are gone.
contact marks on the surface or rim, 12. About Good (AG-3)
which are barely noticeable. Very heavily worn with portions of
3. Brilliant Uncirculated or BU lettering, date and legends worn smooth
(MS-60-64) and barely discernable.
An uncirculated coin having no traces of Have fun collecting your Perfect Coins!
wear but which has a few contact marks,






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