Coin Grading - Professional Help or Self Graded?
What good is a silver coin if you are not going to have it graded,
right? Of course you want to know how much your coin is worth. Either
for selling purposes in the future, or simply for showing off the worth
of your collection to friends and fellow numismatists.
The best and surest way to get accurate grade of your silver coin is to
have it appraised by a professional. There are organizations that do
this kind of thing like the Professional Coin Grading Service (PCGS) or
the Numismatic Guaranty Corporation (NGC) or ANACS which is created by
the American Numismatic Association. However, not all collectors,
especially the small-time ones, have the means to get professional
advice. Or most of the times, you only need a simple appraisal for your
small collection that you think you don’t really need to go to a
professional to do it for you.
In times like those mentioned above, you can either ask a fellow
collector who has been in the business longer than you have, or you can
learn a few things about silver coins so you can do it on your own. The
latter should not be very difficult if you are really a fan of the
hobby. You would surely be very interested in the things you are
collecting. Isn’t that right? Anyway, starting with the basics is always
the best way to go.
The basic grading of coins starts from “Perfect Uncirculated” down to
“Fair Poor” quality. Perfect uncirculated are those coins that have
never been used at all. They were kept and stored soon after they were
minted; hence, they are called to be in “mint state”. There are also
coins that have been in the circulation for a short time before a
collector found and kept them but they still look like new. These are
graded as “About Circulated”.
Uncirculated coins are further graded according to their make,
treatment, and storage. They may not have been circulated but they can
still have imperfections such as heavy scratches or marks caused by
mishandling during the minting process or while storing it.
Coins that have been in circulation for quite some time are graded as
Extremely Fine, Very Fine, Fine, Very Good, Good, About Good, and Fair
you should note that these are very subjective descriptions. Their
meanings or interpretations may vary from one collector to another.
Hence the need for professional appraisals for more accurate grading,
especially, if one is going
to sell his collection.