How to Grade Circulated Coins
Welcome to grading 101 introduction to grading brought to you by PCGS today we’re going to take a look at grading circulated coins interesting topic grading circulated coins as a rule is easier than grading mint state coins as it’s done almost exclusively by the amount of wear of the coin is seen now obviously we all know coins have certain details on them and as a coin where’s the details disappear and in grading Circulated coins you very often just look to see if the detail in question is there.
if it’s there the coin has a good chance of qualifying for the grade and if not it probably can’t make the grade now I appeal we’ll play a small part and most often will serve to bump a coin slightly say with integrate for example V up 20 to 25 or XF 40 to 45 but I appeal unto itself is seldom sufficient to move a coin an entire grade safe from very good define or from very fine to Extremely fine there the wear is just too important to ignore now as you can see on the diagram here we’re shown in blue is overwhelmingly the largest factor in making up circulated coin grading and it comprises roughly 85 or so percent of a coin circulated grade so now let’s take a quick overview of the where through the basic circulated grade coins as an example.
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now we’ll start with pour one now take a quick look at this graph on the x-axis Here you see the grades going from 1 up to 60 and on the y-axis you have a scale showing the percent of the design of the coin that remains visible starting at 0 percent which would be totally worn flat up to 100% showing all the original detail struck on the coin now a poor 1 coin must be identifiable as to denomination and type and a visible date and mintmark is needed to determine the year striking it must also be discernible other than that you don’t Need much other than the lack of severe damage such as a hole or being chopped in half for a poor one coin let’s take a look at one here here’s a poor one coin as you can see there’s no lettering visible almost anywhere on the coin almost nothing on the obverse certainly nothing on the reverse you are able to tell the date though you see the eight nine six here that’s 1896 so we could at least grade this coin.
Rare Coins Wanted By Collectors
Our overview of 20 rare and famous coins that serious collectors want covers the length and breadth of American numismatics, from the Colonial era to the 20th century. While we`ve generally used the $1 million mark as the cutoff, many of these coins still fetch eye-watering prices (at least to us!). 1909-S VDB Lincoln Wheat cent It is probably the most famous US coin among the general public and easily makes our list of 20 rare coins that serious collectors want. Following the lead of foreign coin artists, he added his name in small letters below the wheat sheaves on the reverse of the cent.
The Philadelphia Mint produced just shy of 28 million 1909 VDB Lincoln Wheat cents before the change. But only 484,000 1909-S Lincoln cents using the original reverse with the VDB initials were struck by the San Francisco Mint. Less than 60,000 1909-S VDB Lincoln Wheat cents are believed to survive. CDN Greysheet gives a price range for 1909-S VDB cents in Brown (BN) of $715 in Good G4 to $4,750 in Mint State MS66.
The CDN price range for the same coin in Red Brown (RB) runs from $2,060 for MS61 to $6,880 for MS66. The ultra-rare 1909-S VDB cent in Red (RD) goes for $7,190 in MS65 and $13,700 in MS66. 2. 1943 Lincoln Cent on Bronze Planchet The 1943 Lincoln Wheat cents struck on bronze planchets create excitement whenever they appear at auction.
Due to wartime shortages of copper in 1943, the US Mint was forced to use zinc-coated steel blanks to make one-cent coins. From the more than 1. 1 billion Wheat cents made that year, approximately 25 were struck on bronze blanks left over from 1942. The public was galvanized into searching for these extremely rare coins by newspaper accounts, including the (false) rumor that Henry Ford would give a new car to anyone who could present him with a 1943 bronze cent.
CDN Greysheet does not have a price chart for any 1943 bronze Wheat cent, due to their extreme rarity. The 1937-D 3-Legged Buffalo nickel is another rare coin that is famous among the general public. The popularity of the 3-Legged Buffalo nickel means that counterfeits and altered coins abound. There are three places to look when determining if a 1937-D Buffalo nickel is a real 3-legged error coin: The 1937-D 3-Legged Buffalo nickel sees robust demand in all grades, yet is more affordable than other coins on our list.
CDN Greysheet prices run from $364 in Almost Good AG3 to $39,000 in MS66. Because so few were put aside, Mint State 1893-S Morgan dollars are by far the rarest coin in Morgan dollar history, aside from the proof-only 1895. CDN Greysheet prices for the 1893-S Morgan run from $2,250 in AG3 to $1,020,000 in MS66. 1895-O Morgan dollar proof This has left collectors with only the 880 proof 1895 Morgans struck that year to fill that spot in their collections.