I would grade this coin gVF, I note that this coin is not that rare in mint state and is actually not even that rare in gem uncirculated condition.
This coin does not have pearls (and definately does not have 16 pearls). The number of pearls and centre diamond refers to coins minted from 1910-36 in Australia. Pearls are like the beads on the kings crown (they are all at slightly different heights and thus are a good indication of wear) so that is why so many people refer to wear on them. Given your comment I assume that you are just starting out (always a fun time).
In terms of grading, my best tip would not be to look online and instead get a few tips from this sub-forum (there is a ANDA grading guide and other grading links but personally I've never found them very helpful). Also look at reputable dealers websites (sterlingcurrency is probably a good one) which show coins and generally have a pretty accurate description and allow you to zoom in on the image.
My further advice would be not to spend alot of money and if you are really interested in learning about coins go to an auction viewing, view some items and write down what you think the grade of each one is, then go back to the catalogue later and see how close you were to the grades. Any other questions I'm sure other members of the forum or myself would be more than happy to help you.
This coin does not have pearls (and definately does not have 16 pearls). The number of pearls and centre diamond refers to coins minted from 1910-36 in Australia. Pearls are like the beads on the kings crown (they are all at slightly different heights and thus are a good indication of wear) so that is why so many people refer to wear on them. Given your comment I assume that you are just starting out (always a fun time).
In terms of grading, my best tip would not be to look online and instead get a few tips from this sub-forum (there is a ANDA grading guide and other grading links but personally I've never found them very helpful). Also look at reputable dealers websites (sterlingcurrency is probably a good one) which show coins and generally have a pretty accurate description and allow you to zoom in on the image.
My further advice would be not to spend alot of money and if you are really interested in learning about coins go to an auction viewing, view some items and write down what you think the grade of each one is, then go back to the catalogue later and see how close you were to the grades. Any other questions I'm sure other members of the forum or myself would be more than happy to help you.
























