Uses of coin grading system

Coin grading has become very wide-spread in the coin collection world. Since coin collections have become standard, coin grading has to be standard too. This is how the grading system, that was very vague in the past has evolved into well-defined grades that allows easy and thorough grading of a collected coin.

Coin grading has helped coin collectors establish worth for their coins. This has been especially possible due to the various grading systems the most prominent being Sheldon’s grading system.

Sheldon’s grading system divides coins into 70 grades, 70 being the highest form of refined coins that are new and unused. Other coins are graded based on how much wear and tear they show based on their shine and surface clarity. Lowest graded coins are ones that barely show prints and are corroded to a great extent.

Sheldon’s grading system

Uses

Standardized grading of coins has brought about a hugely positive effect for coin collectors. These positive effects can be summarized as follows

1-    Value

Grading coins give them value and make it possible to buy and sell it. It is because of the grading system that certain coins have more value than others.

2-    Right price

Grading allows the correct allocation of value to coins. As a result corresponding price can be placed on coins.

3-    A part of the collection

As a collector, you will be dealing with coins all the time, so having your coins graded is important. You can understand the net worth of your coins as a result. Coin grading charts are a good help for those new to the field.

4-    Classification

Graded coins can provide you with the proper classification of your coins. The coins can be divided into uncirculated, barely circulated and circulated in general based on coin grading charts. Further classification then allows specific grading of coins based on their quality.

5-    Quality mark

Grading marks coins for their quality. The specially allocated grades evaluate the coin based on their appearance, polish, luster, and color. Thus they act as a special pointer towards the quality of coins.