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 Replies: 9 / Views: 1,463 |
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New Member
Canada
34 Posts |
How does coin grading work? Apparently a coin fresh from the Mint (See this post: http://goccf.com/t/281956#281956) isn't MS-67, even though all coins start out "Flawless". And since my coin was vacuum sealed at the Mint, it has no chance to get damaged unless someone pounds it with a hammer. Does the way the coin was struck count for grading, or is it just shininess and condition? (scratches and fingerprints and whatnots) Also what's the difference between circulated and uncirculated coins? |
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Pillar of the Community
United States
634 Posts |
Theoretically, All coins are ms-70's at the time of striking, but inside the mint small collisions between coins etc, can bring down the grade. The coin is not picked up tenderly by the edges and immediately sealed, unless in special cases, so it picks up marks and not all mint products are 70's.
The way a coin was struck does not (to my understanding) have an impact on technical grade. It does affect the price as a better struck coin is more visually appealing and often rarer.
Circulated coins are those with wear; metal has been taken off through friction. Uncirculated is when no friction has been caused, and all of the metal is present. Uncirculated coins can have scratches, marks and damage. The presence or lack of those determines it's grade between 60 and 70, and whether it's a details coin or not.
Edited by Illegaltender
02/28/2017 7:00 pm
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New Member
 Canada
34 Posts |
OK I get it now. So the coin I posted ( http://goccf.com/t/281956#281956) probably isn't a 70? It seems in really nice conditin, with no visible scuffs scratches or other wear. It has full luster too. |
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Pillar of the Community
Canada
2187 Posts |
From my understanding, the quality of the strike does have an impact on the grade. You won't see a nice flawless coin grade a 65 or higher if the strike is weak. As for the coin you posted, it is probably not a 70. A lot of those flag quarters may seem flawless but there will be something bringing the grade down (strike quality, rims/edges, contact marks, etc). But to be honest, I think it's very hard to tell the grade of a modern coin if anything higher than a 65 by just using pictures. You'd have to have it in hand to tell
Edited by Paulsz
02/28/2017 7:45 pm
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Pillar of the Community
United States
634 Posts |
Paulsz explanation does make sense, I can see how that works, buy I'm still not sure on that at the moment. That coin, although pretty, is likely not a 70, but few if any of that series are, so it's still a very nice coin to have. I personally think you should keep it in the gov packaging unless you have an album or something you want it in.  |
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New Member
Canada
34 Posts |
I see your point. I may bring it by my friend the coin dealer tomorrow and see what he says.
If it isn't MS-70, it might be MS-67 which Coinsandcanada.com's highest grade for coins is MS-67, which goes for $150!! But as you said, it's probably a 66 or 65, which means around $15-$30. So...
I plan on keeping it in govt packaging, to keep it in a nice condition. Especially if it increases in value and sealed ones become rare, because that coin sold out in a couple of weeks so it was very popular.
Edited by Gold_Coin1999
02/28/2017 11:01 pm
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Pillar of the Community
 Canada
5591 Posts |
You can't sell a coin to a book or paper or opinion with a price suggested .. you need someone with a wallet. If someone can get a coin just like yours from the mint or dealer for 25 cents, or 50 cents or a dollar or two, that's what it's worth. It will cost you more to cert that than the coin will ever be worth.
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New Member
Canada
34 Posts |
Ah. The coin could be purchased from the Mint at face value. But they ran out within 2 weeks, so it was obviously in high demand.
Whatever its worth, I still like it.
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Valued Member
Canada
243 Posts |
Hi. I'm also trying to learn about how MS grading is determined and found PCGS had some you tube videos explaining how grades are determined that might help you. I think they were under resources on their web site.
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Pillar of the Community
Canada
2187 Posts |
If indeed a MS67, you unfortunately can't rely on coinsandcanada (or any other book/website) for prices. You will have to go on ebay or some auction site and see what people are paying. It is likely in the $40-50 |
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Replies: 9 / Views: 1,463 |
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Posted 02/28/2017 7:28 pm
