Coin Grading: How To Determine The Condition of Your Coins
Are you one of those people who are just starting your coin collection? If you are new to coin collection, it would be a good idea for you to start learning about coin grading systems. Coin grading is very important because it will help you determine the condition of your coins and their probably value. When it comes to coin collecting, people who know how to spot rare coins that are still in very good condition always have an edge.
Understanding Coin Grading
The evolution of coin grading system took several decades. In the 1950s, the Sheldon Scale which was popularized by William Sheldon in his book the Penny Whimsy was considered as one of the most accurate coin grading system during that time. As time passes, many other coin grading systems crop up. The letter grading system became one of the important coin grading systems of all time.
Under the letter coin grading system, the description of the condition of the coin is represented by letters of the English alphabet. For instance, PO stands for poor or basal state which is considered as the lowest grade of the coin. Fr stands for fair which means that coin is a little bit better than basal.
AG stands for about or almost good which means that the coin is not so well preserved but the condition is also not so bad at all. In the letter coin grading system, G stands for good and VG stands for very good. F stands for fine, VF stands for very fine and EF or XF means that the coin has extra fine quality.
Grading a coin is a very delicate task. Even if you have been collecting coins for a long time, it could be a good idea for you to still seek professional help when it comes to grading the coins that you are about to buy. The good thing about asking professional help when it comes to coin grading is that the coin grading company can give you accurate description of the quality of the coins.
At present, there are at least four coin grading services that commonly used around the world namely the Professional Coin Grading Services (PCGS), the Numismatic Guaranty Corporation (NGC), American Numismatic Association Certification Service (ANACS) and the Independent Coin Grading Company (ICG). Of the four popular coin grading services, the ICG is involved in the controversy involving the grading of modern coins but according to experts, this controversy does not really mean that the services of ICG is below par compared to the coin grading services offered by the other companies.
Are you one of those people who are just starting your coin collection? If you are new to coin collection, it would be a good idea for you to start learning about coin grading systems. Coin grading is very important because it will help you determine the condition of your coins and their probably value. When it comes to coin collecting, people who know how to spot rare coins that are still in very good condition always have an edge.
Understanding Coin Grading
The evolution of coin grading system took several decades. In the 1950s, the Sheldon Scale which was popularized by William Sheldon in his book the Penny Whimsy was considered as one of the most accurate coin grading system during that time. As time passes, many other coin grading systems crop up. The letter grading system became one of the important coin grading systems of all time.
Under the letter coin grading system, the description of the condition of the coin is represented by letters of the English alphabet. For instance, PO stands for poor or basal state which is considered as the lowest grade of the coin. Fr stands for fair which means that coin is a little bit better than basal.
AG stands for about or almost good which means that the coin is not so well preserved but the condition is also not so bad at all. In the letter coin grading system, G stands for good and VG stands for very good. F stands for fine, VF stands for very fine and EF or XF means that the coin has extra fine quality.
Grading a coin is a very delicate task. Even if you have been collecting coins for a long time, it could be a good idea for you to still seek professional help when it comes to grading the coins that you are about to buy. The good thing about asking professional help when it comes to coin grading is that the coin grading company can give you accurate description of the quality of the coins.
At present, there are at least four coin grading services that commonly used around the world namely the Professional Coin Grading Services (PCGS), the Numismatic Guaranty Corporation (NGC), American Numismatic Association Certification Service (ANACS) and the Independent Coin Grading Company (ICG). Of the four popular coin grading services, the ICG is involved in the controversy involving the grading of modern coins but according to experts, this controversy does not really mean that the services of ICG is below par compared to the coin grading services offered by the other companies.
Labels: Coin Collecting
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