coin supplies
coin supplies grading is the term used when a coin is sent to a specialist to determine the condition of a coin. Many times coin collectors have valuable coins graded as a means of calculating their value and it helps them in the resale of a coin because many serious collectors only buy professionally graded coins.
Currently there are three different organizations that grade coins professionally and are accepted to be very reputable at what they do. The first organization is called the Numismatic Guaranty Corporation or NGC for short and the other is called Professional Coin Grading Service or PCGS. The third is called ACCGS or American Coin Club Grading Service. All three of these organizations are respected as being the very best at determining a coins condition based on a number of criteria.
Between these 3 organization there exists a grading system which is generally accepted to be quite accurate. The first category for grading is called Mint State referred to as "MS". This would mean that the coin supplies was not sent into circulation and is absolutely perfect. The grade of MS-70 is perfect and grades like MS-60 or MS-65 mean nearly perfect.
The next category is "AU" or Almost Uncirculated. This grade also has a number scale attached to it starting at AU-50. After AU is XF or EF, which stand for Extremely fine with number scales attached as well to indicate slight variations. This grade would be used for a coin where all the various parts of the coin are perfectly visible, but small marks or scratches from normal wear will exist.
Next in the coin grading scale is VF or Very Fine. One step down from EF, VF coins will show wear on the very fine details of the coin like feathers on an eagle or or hair on an individual on the coin. Down the scale is F, which stands for Fine. This grade would indicate moderate to even heavy wear, yet the design elements are still in tact.
VG or Very Good indicates a coin that is well worn, like a coin that has been in circulation for quite some time. The design is still very visible, but the fine details have mostly worn off. G refers to Good, which is a coin that is heavily worn and the design is actually starting wear off in spots. Almost Good, or AG is the next down in the list and this represents a coin where the date is starting to wear off and this coin has been well used for many years. It's possible that only parts of any numbers on the coin are visible.
Fair is the last real category in coin grading. This refers to a coin that has an incredible amount of wear and may even be damaged. Coins that are bent, have serious scratches or even notches or holes in them would fit into this category. These coins can be purchased for very low prices and may make a good starting point for younger people just starting out in collecting coins.
tag : coin supplies
coin supplies grading is the term used when a coin is sent to a specialist to determine the condition of a coin. Many times coin collectors have valuable coins graded as a means of calculating their value and it helps them in the resale of a coin because many serious collectors only buy professionally graded coins.
Currently there are three different organizations that grade coins professionally and are accepted to be very reputable at what they do. The first organization is called the Numismatic Guaranty Corporation or NGC for short and the other is called Professional Coin Grading Service or PCGS. The third is called ACCGS or American Coin Club Grading Service. All three of these organizations are respected as being the very best at determining a coins condition based on a number of criteria.
Between these 3 organization there exists a grading system which is generally accepted to be quite accurate. The first category for grading is called Mint State referred to as "MS". This would mean that the coin supplies was not sent into circulation and is absolutely perfect. The grade of MS-70 is perfect and grades like MS-60 or MS-65 mean nearly perfect.
The next category is "AU" or Almost Uncirculated. This grade also has a number scale attached to it starting at AU-50. After AU is XF or EF, which stand for Extremely fine with number scales attached as well to indicate slight variations. This grade would be used for a coin where all the various parts of the coin are perfectly visible, but small marks or scratches from normal wear will exist.
Next in the coin grading scale is VF or Very Fine. One step down from EF, VF coins will show wear on the very fine details of the coin like feathers on an eagle or or hair on an individual on the coin. Down the scale is F, which stands for Fine. This grade would indicate moderate to even heavy wear, yet the design elements are still in tact.
VG or Very Good indicates a coin that is well worn, like a coin that has been in circulation for quite some time. The design is still very visible, but the fine details have mostly worn off. G refers to Good, which is a coin that is heavily worn and the design is actually starting wear off in spots. Almost Good, or AG is the next down in the list and this represents a coin where the date is starting to wear off and this coin has been well used for many years. It's possible that only parts of any numbers on the coin are visible.
Fair is the last real category in coin grading. This refers to a coin that has an incredible amount of wear and may even be damaged. Coins that are bent, have serious scratches or even notches or holes in them would fit into this category. These coins can be purchased for very low prices and may make a good starting point for younger people just starting out in collecting coins.
tag : coin supplies
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