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The following article was published in our article directory on December 27, 2011.
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Learning How to Grade Coins Can Enhance the Joy of Coin Collecting

Article Category: Recreation

Author Name: chickie maxwell

If you want to get into coin collecting seriously, you must be familiar with coin grading. Coin grading is the process of giving a particular coin a numerical or other type of grade based on aspects such as the amount of wear and damage of the coin as well as its overall look. The most commonly used grading scale in the US is the Sheldon Scale which has been adopted by most third-party coin grading services. It consists of a number from one to seventy, with one being the poorest, along with an abbreviation to clarify the grade. These abbreviations include MS (Mint State), G (Good), VF (Very Fine) and P (Poor). The Sheldon Scale is further subdivided into three groupings, with circulated coins graded from 1 to 49, About Uncirculated coins graded 50 to 58 and Uncirculated coins from 60 to seventy.

If you are going into coin collecting for investment reasons, then you need to have your collection graded by a reputable service. These services will authenticate your coins and give them a grade based on their condition, then seal them in a secure holder to ensure they remain in the best possible condition as when they were submitted. Grading by a reputable service will also make it easier to sell your coins to dealers as there are no uncertainties about the authenticity and condition of the piece.

You can also learn to do some initial grading on your own to ensure that you won t be cheated when buying coins. You will need to have a powerful 5x to 8x magnifying glass that will enable you to make out tiny details on the coins as well as a pair of white cotton gloves to ensure that you won't contaminate the coins with body oils which could cause them to corrode. You should also have a powerful light under which to examine the coins.

The next step is to determine if the coin falls under the circulated, about uncirculated or uncirculated categories based on the amount of wear on the coin. Standard uncirculated coins are likely to have a good amount of wear such as scratches and wearing down of the face of the coin, while coins in the about uncirculated category will have only the faintest hints of wear and uncirculated coins will have virtually perfect luster. Here are some tips on what to look out for when grading:

Inspect the high points. These are the points on the embossed design where there is most likely to be wear such as the cheeks on a profile. One tell-tale sign to look out for: discoloration due to friction. In regular copper coins, for example, the high point will be dark grey, while for gold coins it will be dark gold.

Look for signs of chafing which can bring down the grade of the coin. To detect this, you will need a pinpoint light source. Shine it down on the coin. If the light is mirrored on the face in a circle but with any disturbance, there may be a rub.

Check for hairline scratches. The number of these scratches on the coin can also affect its grade.

Learning coin grading can be challenging but also adds greatly to the enjoyment of the hobby of coin collecting.

Keywords: coin collecting

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