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More on coin grading and condition

More on grade

and condition

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Other factors to consider when assessing and

evaluating collectable coins.

Coins have historically

been made from relatively

soft metals.

Over time, through

circulation, coins wear

and lose detail,

particularly in the higher

areas of the design.

At it's simplest, 'grade' refers to the level of detail remaining,

compared to what was there in the first place.

(ie. relative to 'mint state')

Grading is not the end of the story.

Some coins will be dropped, knocked, scratched, buried, soaked, abused,

modified, cleaned, submitted to the elements, or otherwise under-loved.

Any negative impacts, such as a scratch, bump, discolouration, verdigris,

indications of cleaning, etc, would be considered 'detractors', which

significantly, (negatively), impact value.

Further, grading is subjective.

If a person or company expresses a grade,

it is less a 'fact', and more an opinion based

on their experience.

So yes, you can assess a coin using a guide

to help evaluate grade, and therefore what

it might be worth to someone else, however

keep in mind that it is an opinion.

Experienced collectors will have their own opinion of a coins grade, as will

dealers, and there are even professional third party grading companies that

will assess, grade, and 'slab' a coin to certify their opinion of grade.

(for a nominal fee).

A final note.

Values provided here are estimates only of what a professional dealer might

sell a coin for in a particular grade, with no detractors. They are intended to

be used as 'indication only'.

What you might expect to get for it as a layman is probably closer to an auction

price, which in most cases, would effectively be a dealers wholesale price.

Perhaps 25% to 30%, up to maybe 70% or 80% of the estimated values,

if you are patient and have someone who wants your coin. You may do better

if you have something particularly sought after.

If you are conservative in your mindset, you are less likely to be disappointed.

Good luck, and happy collecting!

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