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Today we will talk about coin grading system. Coin grading and the grades determine the value of the coin. Coin grading is the process of determining the grade or condition of a coin, one of the key factors in determining its value. A coin's grade is generally determined by five criteria: strike, preservation, luster, color, and attractiveness. Several grading systems have been followed across the world. We largely follow European system of coin grading.
Let us see how European Coin grading system works
European countries use various, roughly equivalent, grading systems. The main features of their systems are briefly discussed.
Good (G)
A damaged coin or highly worn but the principle design and lettering are visible.
Very Good (VG)
A heavily worn coin, but with the principle inscriptions clearly legible, contrasting with the lesser 'good' grade where the principle design and lettering are faded or fuzzy in places.
Extremely Fine (EF or XF)
The coin retains some of its original lustre, portraits reveal fine hair detail such as partings and strands of hair, though some higher parts are worn with at least 95% of the original design still present, and not worn away.
Almost Uncirculated (AUNC)
More than 95% of the original design is present, but has some very minor wear. The coin retains at least 50% of its original lustre.
Uncirculated (UNC)
All the coin's details are apparent, there is no wearing down or smoothing of the design. Some minor scratches (bag marks) may be present.
Fleur-de-Coin (FDC)
This coin is in perfect or mint condition. For example an encapsulated proof coin. It has full lustre, no scratches, no damage and no wear at all.
Thank you for watching this video on coin grading. Visit coin house for more details.
