Anyone wishing to access the coin collection, whether as a hobby or investment, must understand the currency quote specifications. The condition has a direct correlation to cost, whether you’re buying new acquisitions to add to your collection or selling a portion of your current holdings to make a profit.
Classification specifications generally cover the following areas:
The quality and condition of the empty space
The quality of the matrix and its quality
Any wear caused by traffic and/or general handling
In general, the most valuable items will have exceptional quality in terms of white space and dice, as well as typing. This strike will also have minimal handling and very little wear. However, there are specific exceptions, such as in the case of an “error” currency or other irregularities that are not normally present in large distributions. In these cases, it is the scarcity itself that confers additional value, as well as the other factors listed above.
The qualification policy or the position they take is very cautious, so you should know that they are not limited to stamping parts and declare that they are of good quality just because they want. The piece should be worth it and of very high quality to get the stamp. It is unfortunate that other rating services are putting a good quality mark on a coin just at face value instead of creating a job. Then you will find a lot of disgruntled buyers, for example, when a room has been ranked high then that is not the case.
There is a 70-point scale used for numismatic qualification, called the Sheldon Scale. This scale ranges from (P-1) – the worst possible condition, barely recognizable – to (MS-70) which represents a perfect condition.
These classification specifications are composed of three different types:
Circulated – a currency that circulated freely and in use
About Circulated (AU) – a currency that had minimal circulation
Uncirculated (Mint State – MS) – a currency that has never known circulation
To properly qualify your collection, you need to know with which type you should start. From there, check the currency classification specifications for the corresponding type. Appropriate coin grading chart requires an excellent light source, adequate magnification and careful observation of the characteristics of the element to be classified. Although it is relatively simple to learn how to qualify, it may take some time before you become a classification expert of a particular type. The best collectors understand that you have to invest time and effort in the specifications of the coin classification to get the best collection possible.
Learn the most sought-after techniques from coin-hungry collectors: it’s simple when you have the right information at your disposal. Theo Steward has assembled an excellent collection of information on coin collection for experienced and novice collectors. Get to know the real value of the pieces in your collection and use the professional specifications of the currency classification in the way that suits you best. Subscribe to the free mini coin collection class and discover the secrets that professional collectors use to accumulate their own collections.