| Author |
Replies: 10 / Views: 2,224 |
|
|
New Member
Canada
29 Posts |
Hi, I'm new to coin collecting and coin grading as well. I'm looking for some advice as to where to start to learn how to grade coins as I know it's important. Also how can you tell if a coin is in mint condition? If it's in circulation does it automatically become AU or can it be mint?
|
|
|
|
Bedrock of the Community
Canada
21620 Posts |
http://coinsandcanada.com/coins-grading.phpThis site will give you a start. There are also numerous books including any Charlton Canadian Coins catalogue that has an outline on coin grading at the front of the book. Coin grading is very subjective though, just look at the variation in grading in some of the posts on this thread. To answer your question, any circulated coin cannot be graded MS.
|
|
Pillar of the Community
Canada
818 Posts |
buy the 2015 Charlton. Gives a breakdown of each grade for each effigy
|
|
New Member
 Canada
29 Posts |
Thank you for the advice! This brings me into my next question, how do you get a mint state coin? If they're found in uncirculated sets eyre considered PL sets and not an MS grade. Especially old coins, how are they kept to be a mint grade if they were never in circulation?
|
|
Pillar of the Community
Canada
4227 Posts |
I like the Standard Grading Guide for Canadian and Colonial Decimal Coins - either edition and there's a new photograde-type guide for grading Canadian coins recently published, but I forget the name and haven't seen it in person.
Mint state coins can be found in circulation and they can be obtained by getting mint rolls from banks. Of course, they can be found at coin stores and such too.
|
|
Pillar of the Community
Canada
2845 Posts |
Quote: Especially old coins, how are they kept to be a mint grade if they were never in circulation?
From the very day that old coin left the bank, it would still be in mint grade because it was never spent. For those who weren't actual coin collectors or coin dealers at the time, mint coins or rolls of new coin may have originally stashed away as a means of savings or for emergencies because back then an accumulation of coins had spending power and not everyone trusted keeping all their money in a bank. By the 60s, at the height of coin collecting as a hobby, those coins were worth far more than face value. Of course this was in the days before online transactions and the usage of coin was a much bigger part of people's everyday lives. Edit to add: Something that might be confusing to new collectors......just because a new looking coin comes from a bank roll does not automatically deem it to be MS. It's not MS if found in a roll amongst assorted years of coin because obviously it has been circulated and already passed through countless fingers. But banks do (sometimes) receive rolls of newly minted coin - the same year, never circulated - referred to as "a mint roll".
Edited by wildflowerAB 09/02/2015 01:02 am
|
|
Pillar of the Community
Canada
1118 Posts |
Quote: - either edition and there's a new photograde-type guide for grading Canadian coins recently published, but I forget the name and haven't seen it in person. The book is called "Guide for Grading Coins of Canada" by Andre Langlois. I seen it advertising on page 10 of Canadian Coins News. Never seen it in person either. The same issue of Canadian Coin News also said we have a new RCNA NB/PEI director.  Congratulation, Chequer.
|
|
Bedrock of the Community
Canada
10743 Posts |
Quote: Also how can you tell if a coin is in mint condition? You probably can't from pictures, one must have the coin 'in hand' to give a reasonable grade.
|
|
Pillar of the Community
United States
819 Posts |
if you look to the left side of this forum there is Canadian and U.S. grading this helped me alot with the Canadian coins.
|
|
Pillar of the Community
Canada
4227 Posts |
Quote: Congratulation, Chequer. Somehow I missed this, but thanks! Now, back to the OP's topic lol
|
|
Valued Member
Canada
491 Posts |
PrairieDawg5 this link will help you learn how to grade coins http://victorialargecents.blogspot.ca/ Scroll down to Getting Your Grade On. It helped me out and speeds up the learning curve, and gives you an easy exercise to use that helps you learn to grade coins.
|
| |
Replies: 10 / Views: 2,224 |
|