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Grading

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New Member

Canada
35 Posts
 Posted 12/10/2011  10:44 am Show Profile   Bookmark this topic Add ship of fools to your friends list Get a Link to this Message Number of Subscribers
Okay be gentle with me I am posting my first of what will be many questions so here goes.
I have two sets of Millenium Design quarters that were taken from brand new rolled month for circulation in banks, so they went from the mint to the banks and then were opened and placed into plastic sleeves and were only handled once during this process.
So I am wondering would it be fair to grade these sets at a MS-66 C as they are meant for circulation but were never opened to the pocket and are in other wise as mint as you can get for a rolled quarters, these were done at each month as they became available.ship
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Ugly's Avatar
Canada
1733 Posts
 Posted 12/10/2011  10:55 am  Show Profile   Bookmark this reply Add Ugly to your friends list Get a Link to this Reply
Welcome to the forum.

No, it wouldn't be fair to grade them like that. In fact most of a roll of quarters usually won't make MS 65 and it's a fine day indeed when you get half a dozen MS 66 coins out of a whole BOX of new quarters. I've gone through multiple boxes of new quarters looking for a single cherry in high 66/67 and been disappointed.

Basically grading works on individual coins, an evaluation of their fields and designs, the overall strike and so on.

It's impossible to mass grade a group of quarters, especially in that high a grade.

I was gentle. ;)
New Member
Canada
35 Posts
 Posted 12/10/2011  11:01 am  Show Profile   Bookmark this reply Add ship of fools to your friends list Get a Link to this Reply
Fair enough Ugly so then can you help me in figuring out how to properly grade them, I have read so much about grading that the more I read the harder it becomes to figure out exactly what I have in terms of all my coins.ship
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Ugly's Avatar
Canada
1733 Posts
 Posted 12/10/2011  11:34 am  Show Profile   Bookmark this reply Add Ugly to your friends list Get a Link to this Reply
That question arises a lot. In my opinion;

The easiest way to learn to grade is to buy a series of coins in the years you are trying to learn that have been already graded. In your case, if you get just some graded samples of a 1999 variant (I'd get June, right balance of design and empty fields) you will have a benchmark for that type of quarter. So you buy the same coin in MS-64, MS 65 and an MS 66 all of which can be obtained for reasonable money and you will have real samples that may help you.

These are grading aids that when combined with the variety of grading books will help you learn to grade coins - something that will serve you well as long as you are dealing with coins.
New Member
Canada
35 Posts
 Posted 12/10/2011  11:37 am  Show Profile   Bookmark this reply Add ship of fools to your friends list Get a Link to this Reply
Okay fair enough so out I go shopping again.ship
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SPP-Ottawa's Avatar
Canada
10463 Posts
 Posted 12/10/2011  11:43 am  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply
Open a brand new roll of coins, and just sort them individually, from best to worse 'mint state condition'. Then repeat this process for an additional, identical roll. Take the top four from each roll, and set them aside (we'll discuss those later).

So, the remaining coins: the worst condition coins in your sorted piles, while brand new, are MS-60. The best ones, excluding those you set aside, are probably 'nice' MS-63 grades. The remainder are probably from MS-60 to MS-63, but study and compare those to the worst ones you identified, and the nicer ones. You will get an eye for the 'baggy' MS-60 coins, the nicer MS-63 coins, and coins too nice to be MS-60, but not nice enough for MS-63 - therefore MS-62 grade.

Now, back to those top 8 coins, the net from two rolls. Roll the coins under the light, if you see more than three marks or tiny imperfections with your naked eye, then, put those coins into the MS-63 pile. If you see only a mark or two, then you will need at least a 6x lens or loupe, to carefully examine the coin's surface. Examine both sides, but bear in mind that the obverse carries greater weight for the net grade. Then, it depends where those marks occur (in the hair versus the cheek for the devices - in the fields in the legend versus in the fields in front of the portrait). If you can only identify a minor mark on the obverse with a 6x lens, then you might have a MS-65. Anything more goes in the MS-64 pile. An MS-66 coin will appear to be almost perfect, and as ugly stated, you would be lucky to find one in 5 rolls, and typically one in half a box, depending on the batch of coins you receive.

The only way to learn how to grade modern mint state coins, is to start cracking open brand new rolls, and sorting in relative terms until you are comfortable enough to assign numeric grades. Good luck.
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert Oppenheimer

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Edited by SPP-Ottawa
12/10/2011 11:46 am
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