Iceland

I am not the Iceland expert but I do have some questions on the G-VF evaluation. I'm learning here so bear with me.
In reading Krause and how they describe the conditions, this is what it says:
On the Extremely Fine (XF or EF) coin, there will be about 95% of the original detail visible. The Very Fine coin will have about 75% of the original detail visible. it goes on to say Fine is 50% and Good is design is limited to outline.

This coin looks pretty darn sharp and I'm not sure where any detail has been worn. Why would this not be a XF example? What are the flaws that take it down to G- VF?

but does that take it all the way to G-VF. if it does, I would be happy to offer you the $5 catalog value for a F example of this coin. Should I send you my address.... LOL

DV, it was not my intention to dist your grading. I apologize if that is how it came out. I'm always trying to learn and this coin looked so very good to me. I would love to have it in my collection and I would have given it a XF without question but that is why I'm trying to study this more.

It wasn't G to VF, it was gVF (good very fine), which equates to better than VF, but not quite EF.

http://www.predecimal.com/coingrading.htm - right side under the update section, for more information. Nice coin - I really like these

Nice to see an Icelandic coin! I don't have any yet but in time I will. I should make nice nice with some of my Icelandic relatives for their Icelandic pocket change

Hi everyone its been a while since I have been to this section of the forum.

Yes Alganbagerap Your is a average for the date if not better. Your may very well be a lower end Ex-Fine its kind of hard to tell from your scan.

I took some pictures of the two Copenhagen minted 5 Aurar's from this period which is known as the Kingdom Era which include's the 1940 and 42 5 Aurar's but was minted by the london mint during WWII and was much better minted coins then the Copenhagen minted coins.
The best way to grade these coins is to look at the crown which pretty much is were you will find the most wear but you have to also count for a weak strike.


Here is a Fine



Here is a Very Fine/close to a Ex fine


Here is Very Fine


A UNC


Another UNC

These coins do hold up well in circulation and that may be due to the fact that they were not handled as much as you may think because at that time there was only about 150,000 people in Iceland and people where used to barter for there goods and save the coins if possible.

I don't have any of them in EXfine condition that would grade as such (with a TPG), which I think is a coin whith alot of detail with some noticable wear at first glance but may have some orignal luster on the coin but these coins are impossble to find with full or near red mint luster, I have not seen one yet.
I hope this was of some help and if I can help with any other Icelandic coin, I would be happy too

I blew up your pictures and after looking at them more closely I would say that your coin may very well be a lower to mid-range Exfine condition.