How to Grade Coins
The value of a coin or what many people refer to as the grade often determines its value. This usually depends on the current condition of the coin. A coin collector often times look at the grade of a coin as a factor that affects their buying decision. Although the demand and availability of a coin plays a bigger part in coin collecting, the coins grade is also a major thing being considered.
Since there are a lot of people are into the hobby of coin collecting, there had been a lot of systems devised to measure the grade of a coin. One of the most commonly used systems to get the value of a coin is the American Numismatic Association’s Point Numeric System. This is a grading system that assigns points from 0-70 in determining the value of the coin.
Grading a coin accurately takes a lot of practice and a sharp eye. Many people develop the talent through experience. It isn’t difficult to learn on this aspect though as there are a lot of guides that can be used by beginners to grade coins. As one gain more experience in grading coins, one could easily spot the things needed to be considered when grading the coin.
Usually, the physical characteristics of a coin sole basis of grading a coin. Qualities like surface condition, luster and general appearance of the coin are what’s being looked at for grading. These things are really subject to the grader’s eye so most of the time the value of a particular coin differs depending on the person looking at it.
On the 0-70 pointing system, 60 to 70 are the best grades that can be given to a coin. This is called uncirculated grade or more commonly referred to as the mint condition. Having the perfect score of 70 means the coin doesn’t have any scratches, handling traces, or evidence of contact with other coin. Having the original condition of the coin as it was manufactured or known as proof also increases the value of the coin or even supports its authenticity.
Since there are two sides in a coin, the coin can also have two grades. If the difference from one side to another is significant, a coin should be given a split grade. The symbol “/” is used to indicate the split grade.
Any traceable damage on a coin lessens it value. Any wear, holes, dents, and other traces that can be seen only make the grade lower. Sometimes, even the effort of cleaning or polishing the coin to make it look better makes that value lower than it should be. So the proper handling is always a good idea to keep the coin grade high. Placing the coin in a box to keep it away from moisture that could possibly react with it is a good way to take care of your collection.
Ultimately, the key to having a high grade of coin collection is by taking care of it. One could surely benefit from all this as good mint condition of coins gives it a higher value.