Saturday, August 11, 2012

Judging A Coin's Condition

One of the useful things to keep track of in your coin collection (whether you are using a written journal, Excel spreadsheet, or online site like Numista.com to organize your coins) is the quality, or condition, of your coins. It's helpful to have a good idea about the approximate condition of each coin for a couple of reasons:
  • When trading, you can more accurately describe your coins and have a better idea about the coins you are trading for
  • When you find a coin that you already have, you can decide if it is better than the one in your collection
  • Coin values differ by condition.  Knowing your coins' conditions will help you get more accurate estimates of their value
Coin condition is usually measured on a 70-point scale known as the Sheldon Scale, where 1 represents a coin worn down to almost nothing but a flat circle of metal and 70 represents an absolutely perfect coin. Certain numbers on the scale are given names, such as 1 = Poor, 4 = Good, 8 = Very Good, 20 = Very Fine, 40 = Extremely Fine, and 50 = About Uncirculated. About.com's Sheldon Scale page gives excellent descriptions of the different grades that you can use to evaluate your own coins on this scale.

Another way to evaluate your coins is to estimate the amount of the original design that is left. The Wikipedia coin grading article has a table called the European Grading System which lists the percentage of detail remaining on the coin for each grade (for example, if there is only 50% of the original detail left on the coin, then it would be considered to be in "Fine" condition).

Luckily, you don't need to be concerned with all 15 grades in Sheldon's scale nor the 8 grades in the European Grading System to accurately describe your own coins. For your own collection, just a few different grades should be sufficient:
  • Good (10% detail remains) - Very worn down but you can still see some of the primary features that were once on the coin
  • Fine (50% detail remains) - Words and dates are readable but worn; the picture is recognizable but worn
  • Very Fine (75% detail remains) - Words and dates are clear and show a little wear; the picture is missing some small details (like individual strands of hair on a person's head)
  • Extra Fine (90% detail remains) - Words and dates are clear and have sharp edges; the picture has almost all details intact but shows signs of wear
  • Uncirculated (98-100% detail remains) - Coin shows no sign of wear and has the shine/glow/luster of a new coin (think about how a shiny new penny stands out when you get it back as change)
Left to right: Good, Fine, and Extra Fine estimated condition
(You can shorten this down by combining Very Fine and Extra Fine, so that you have just 4 grades to choose from.)

These 4 or 5 condition grades are fairly easy to judge just by looking at most coins, without even knowing what a perfect coin (with 100% detail) might have.  But if you need to compare your coin to another example of the same coin, you can use sites like Numista.com and WorldCoinGallery.com to see pictures of most world coins (note, however, that the coin in the picture may be in better or worse condition than yours). It may be helpful to practice on a big handful of pocket change - sort your local currency by quality into one of the 4 or 5 grades and you'll get a better feel for what you might consider "Good" versus "Fine" versus "Extra Fine".

Once you feel more comfortable judging coin quality, you can grade the coins in your own collection (write your condition on the back of the coin flip, and/or add it to your collection tracking information). And you'll be better able to grade new coins you find, so you can try to replace any "Good" coins in your collection with "Fine" or better.

43 comments:

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  2. I have always thought coins were so interesting. My dad has collected them for years, which probably started my interest. I have always wondered how they are judged and graded and if they are graded differently based on the person judging them. Do you happen to know? http://www.rmcoin.com/rare-coins/coin-grading/

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    ReplyDelete
    Replies
    1. I want to give an unlimited thanks to this Great man Called Dr. Okaya. I am happy today because my husband is now back with full of love, My husband left me for another woman,just because we had a little misunderstanding. he left me and promise he will never come back to me again. i cry all day looking for a solution to help me bring him back. Then i saw a testimony share on the internet by client. i email him and tell him my problems with my ex husband, and he promise to bring him back home within 2 days. indeed he is wonderful he help me to get my husband back within 2days which he promise and my husband return to me and promise to love me forever and beg me for the pain he caused me. I will forever be grateful to you Dr and i will not stop to publish your name on the internet for people to see how truthful you are. And I want to say to everyone on this site that I will always remain thankful to this man Dr. Okaya for all he has done for me,My husband is back with love,caring,truthful and he promise to love me forever.I have made a promise that every body I know will never have a relationship problem, via email (OKAYASPELLHELP@GMAIL.COM Or call/Whatsapp +27814506790

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  14. ARE YOU IN NEED OF YOUR URGENT LOAN? DO YOU NEED FINANCE TO PAY OFF YOUR BILLS, START OR EXPAND YOUR BUSINESS. CONTACT US FOR FAST AND RELIABLE LOAN AT LOW INTEREST RATE OF 1%. OUR LENDING COMPANY CAN HELP YOU OUT TO GET AFFORDABLE LOAN. FOR MORE INFORMATION, KINDLY CONTACT US AT VIA E-MAIL: PERGOCF@GMAIL.COM ( PERGOCF@QUALITYSERVICE.COM ) PERGOCF@CHEERFUL.COM

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  15. ARE YOU IN NEED OF YOUR URGENT LOAN? DO YOU NEED FINANCE TO PAY OFF YOUR BILLS, START OR EXPAND YOUR BUSINESS. CONTACT US FOR FAST AND RELIABLE LOAN AT LOW INTEREST RATE OF 1%. OUR LENDING COMPANY CAN HELP YOU OUT TO GET AFFORDABLE LOAN. FOR MORE INFORMATION, KINDLY CONTACT US AT VIA E-MAIL: PERGOCF@GMAIL.COM ( PERGOCF@QUALITYSERVICE.COM ) PERGOCF@CHEERFUL.COM

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  16. ARE YOU IN NEED OF YOUR URGENT LOAN? DO YOU NEED FINANCE TO PAY OFF YOUR BILLS, START OR EXPAND YOUR BUSINESS. CONTACT US FOR FAST AND RELIABLE LOAN AT LOW INTEREST RATE OF 1%. OUR LENDING COMPANY CAN HELP YOU OUT TO GET AFFORDABLE LOAN. FOR MORE INFORMATION, KINDLY CONTACT US AT VIA E-MAIL: PERGOCF@GMAIL.COM ( PERGOCF@QUALITYSERVICE.COM ) PERGOCF@CHEERFUL.COM

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    1. I was having serious relationship problems with my boyfriend and it had resulted in him moving out to his friend’s apartment. Everything got worse because he started going to bars and strip clubs frequently with his friend, getting drunk and passing out. He always threatens me on phone whenever I call him because of all the bad advises that his friend has given him. I really love him and we had been dating for 6 years which gave us a beautiful daughter. I had also lost a lot of money on therapists until I was introduced to Dr. Okaya by a friend whom he helped to marry her childhood boyfriend; this gave me total confidence and strength to get him back. I did all he asked and after 48 hours my boyfriend called me and rushed back home, things just changed between us emotionally. He has a job and stopped drinking and keeping irrelevant friends. It’s a miracle I never believed was possible because I had lost all hope until I found Dr.Okaya. So that’s why I promised to share my testimony all over the universe. All thanks goes to Dr.Okaya for the excessive work that he has done for me. Below is the email address in situation you are undergoing a heart break, and I assure you that as he has done mine for me, he will definitely help you too. OKAYASPELLHELP@GMAIL.COM call/Whatsapp +27814506790

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    ReplyDelete
  19. I was having serious relationship problems with my boyfriend and it had resulted in him moving out to his friend’s apartment. Everything got worse because he started going to bars and strip clubs frequently with his friend, getting drunk and passing out. He always threatens me on phone whenever I call him because of all the bad advises that his friend has given him. I really love him and we had been dating for 6 years which gave us a beautiful daughter. I had also lost a lot of money on therapists until I was introduced to Dr. Okaya by a friend whom he helped to marry her childhood boyfriend; this gave me total confidence and strength to get him back. I did all he asked and after 48 hours my boyfriend called me and rushed back home, things just changed between us emotionally. He has a job and stopped drinking and keeping irrelevant friends. It’s a miracle I never believed was possible because I had lost all hope until I found Dr.Okaya. So that’s why I promised to share my testimony all over the universe. All thanks goes to Dr.Okaya for the excessive work that he has done for me. Below is the email address in situation you are undergoing a heart break, and I assure you that as he has done mine for me, he will definitely help you too. OKAYASPELLHELP@GMAIL.COM call/Whatsapp +27814506790

    ReplyDelete
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