Coin Grading is a process which helps determine the condition of your coin or coin collection. The reason coin grading is such a common practice is because it is a very helpful indicator of what the value of your coin is. In other words, how much money you can get for your coin(s) when you go to sell. This process requires you to pay a flat fee to actually have a coin grading service grade your coin.
While Coin Grading is a subjective matter, for the most part once your coin is graded by a trusted professional service it is respected. Coin Grading used to only come in two grades, new or used. But over time the process has evolved to include many additional distinctions. The coin grading procedure consists of coin professionals analyzing the physical state a coin is in.
In order from best to worst, here are the most common coin grades: Perfect Uncirculated, Extremely Fine, Very Fine, Fine, Very Good, Good, About Good, Fair, and Poor.
Many Coin Grading Services also give a numerical coin grade ranging from 1-70 in addition to the adjective gradings above.
During a coin grading the 5 criteria examined are atractiveness, color, strike, preservation & luster. There are many factors that go into the condition and grade of a coin which all are based on how the coin was kept, stored & handled.
Keep in mind that while working with a professional coin grading service can help you get an accurate grade of your coin, it is going to require a fee (ranging from $5 to over $50) as well as the time it takes to mail the coin in, have it graded, and sent back to you which can take over a month.
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