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What is Coin Grading?

Do you know the basics about coin grading? Let us know in the comments! What is coin grading? Grading is a way of determining the physical condition of a coin. Coin grading is both an art and a science. According to standards accepted by collectors, a coin is given a grade based on factors such as strength of strike, wear, contact marks, and eye appeal. The grading scale assigns a whole number between 1 and 70 with 70 being a perfect, flawless coin. Grades range from poor, almost completely worn out, to perfect mint State, a coin with absolutely no wear and no flaws of any kind. With experience and much practice, many people can learn to grade with moderate degrees of accuracy, but few are able to grade a coin with the precision required to become a professional. The grade of a coin goes a long way in determining its value and seemingly insignificant, easily overlooked flaws can make thousands of dollars of difference. Coins that have been properly stored since the day they were minted are called “uncirculated” or “mint state.” If a coin saw circulation for a short time but still looks nearly brand new, it is called or graded “about uncirculated.” The most respected third-party grading services are Numismatic Guaranty Corporation (NGC) and Professional Coin Grading Service (PCGS). Before grading a coin both services first authenticate the coin to make sure it has not been cleaned, altered, or tampered with in any way. What is a perfect 70 grade? It is defined as a coin having no post-production imperfections at five times magnification. Unlike coins that are intended for circulation, a proof coin is made especially for collectors using special techniques. It is intended to be the best possible example. The acceptable range for a proof coin is proof 60 to proof 70. Professional grading is a team effort with at least two highly trained graders examining every coin. The coins and best states of preservation will almost always have the greatest value. Professional Coin Grading: • Peace of Mind- Professional coin grading offers you peace of mind because your coin has been authenticated and certified as genuine. • Grading- Your coin has been carefully examined by at least two experts who have assigned a numeric grade on its condition. • Universally accepted- When graded by one of the two major grading services your coin will be recognized and accepted by dealers and collectors worldwide. • Archival Holder- After grading, each coin is sonically sealed in an archival acrylic holder to preserve its condition and permanently attest to its grade and its authenticity. • Additional Pedigree- NGC and PCGS sometimes certify coins with additional pedigrees and imprint them directly on the label. These may include first strike, first releases, or special shipwreck, hoard, or collection pedigrees. • Online Registration- Each coin is given a unique registration number which serves to catalog the coin at the grading service. In many cases it is possible to look up this number and verify your coin’s information. Professional coin grading can add extra value and enjoyment to any coin collection.