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Understand Coin Grading System to Determine The Quality Of Your Coins

If you are one of those people who just started in coin collection, it is highly recommended that you learn about coin grading system. Understanding coin grading is very important in this field because you will know how to evaluate the condition of your coins and determine their value. People who know how to spot rare coins that are still in good conditions will have an advantage in coin collecting.

Coin collecting has evolved for several decades. The Sheldon Scale that was popularized by William Sheldon in his book, the Penny Whimsy, was regarded as one of the most accurate coin grading system in the 1950s. Over the years, new coin grading system appeared and in the end, the letter grading system became the most important coin grading system.

In the letter coin grading system, the condition of the coin is classified using letters from the English alphabet. PO means poor or basal state and this is the lowest grade of a coin. FR means fair, which is a slightly better condition than basal. AG is almost good, which basically means that the coin is in a rather good condition, but also not well preserved. The next letters in this coin grading system are G and VG, which mean good and very good respectively. The last three classifications are F, VF, and EF or XF, which mean fine, very fine, and extra fine quality.

Coin grading is not an easy task even if you have been around as a coin collector for a considerable amount of time. It is still a good idea to ask an advice from professionals if you want to grade coins that you plan to buy. The coin grading company can provide accurate description of the quality of the coins so you will know how much you should buy or sell the coins.

When this article was written, there are four well-known coin grading services in the world. They are Professional Coin Grading Services (PCGS), the Numismatic Guaranty Corporation (NGC), American Numismatic Association Certification Service (ANACS), and the Independent Coin Grading Company (ICG). ICG involves in a controversy because it also grades modern coins. However, experts say that in spite of the controversy, the services of ICG are not lower than coin grading services that are offered by others. Coin collecting is an interesting undertaking and you should pay attention at coin grading if you are serious in this field.

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