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Coin grading explained

Condition is the biggest price factor after rarity. Grading puts it into a common language that collectors and dealers worldwide understand.

The grades in plain words

GradeWhat it means
Poor / GoodHeavily worn, design outlines still visible
Very Good / FineClear wear, main details visible
Very FineModerate wear on the high points
Extremely FineLight wear only on the highest points
About UncirculatedTraces of wear, most lustre still there
Uncirculated / Mint StateNo wear; marks only from the minting process
ProofSpecial striking with mirror fields for collectors

The 70-point scale

In the United States and increasingly worldwide, coins are graded on the Sheldon scale from 1 to 70, introduced by William Sheldon in 1949. MS-60 to MS-70 stand for uncirculated coins, 70 for a perfect one. European dealers often use their own terms, such as ss/vz/st in German or TB/TTB/SUP in French.

Grading services

PCGS (founded in 1986) and NGC (founded in 1987) are the best-known third-party grading services. They authenticate the coin, grade it and seal it in a holder with a certificate number. That makes buying and selling much easier – but it costs a fee per coin.

When grading pays off

  • For coins that could be worth several hundred dollars or more.
  • For key dates and gold coins, which are often faked.
  • Before selling online, where buyers can't see the coin.

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Frequently asked questions

Can I grade a coin from a photo?

Only roughly. Lustre, fine scratches and cleaning are hard to judge in photos. Our estimate gives an indicative grade in plain words.

Does grading increase the value?

It doesn't change the coin, but it makes its condition and authenticity credible – which often gets a better price for valuable coins.

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