Freehold, New Jersey
3710 U.S. 9
Freehold, NJ 07728
732-618-9292

What Is Coin Grading? September 10, 2017

Freehold, Monmouth County
What Is Coin Grading?, Freehold, New Jersey

By: American Coins & Gold

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 ucoin gradingsed 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 imageand 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.

Want to know the value of your coin for FREE on the spot?  

Get your free appraisal from American Coins & Gold today!

 

Other Announcements, Events and Deals from American Coins & Gold
What Determines Value in the Silver & Gold Buying Process?, Freehold, New Jersey
From analyzing inflation rates to evaluating supply and demand, there are many things to consider when putting a price tag on precious metals. American Coins & Gold, serving cust...read more
Top 5 Gold Buying Tips, Freehold, New Jersey
If you want to get started in the gold buying market, you’re not alone. In fact, many people across the country are beginning to see the value of this investment—and how it has the p...read more
The Top 3 Rare Coins You Might Not Even Know You Have, Freehold, New Jersey
At this point, change tends to be something kept in the car, or perhaps dropped in a jar with the intention of cashing it all in or saving it for a later date. It might be worth look...read more
How to Tell If You've Found Rare Coins, Freehold, New Jersey
Whether you’re an avid collector or not, rare coins are an exciting discovery. Not only are they an interesting find, but they’re a profitable way to make the most of your pocke...read more
How Do Rare Coin Appraisals Work?, Freehold, New Jersey
Here at American Coins & Gold we love when we are able to tell someone their rare coin is worth some serious cash.  It all begins with a no obligation appraisal process whic...read more