The letters are an abbreviation of a description of the quality of a coin, and the number is a further description of the relative quality level. Quality Level: The numeric part of a Grade designation indicates the coin's quality level. This numeric scale ranges from 1 identifiable, but of the poorest quality to 70 which indicates the coin was perfectly struck and looks as it did when it was released by the Mint.
Not all the numbers between 1 and 70 are used, for instance, a Business Strike coin that is graded as Very Fine VF can only have a numeric quality level designation of 20, 25, 30, or However it's unusual to find a graded Proof coin designated less than 60, hence the grayed area in the chart below. Please note that a s with any commodity or collectable item, it's value is what someone it willing to pay for it As such it's very possible for a scarce Proof coin with a low grade to be very valuable.
Coin Superstore. Coins are struck by the U. The charts below explain most possible combinations:. Business Strike. Proof Strike. Grade Abbreviated. Descriptive Category. Quality Level. Identifiable type. Date may be identifiable. Also know as Basal State coin. Join Now - It's Free. By submitting this form, you agree to receive emails and the use of your personal information as described in our Privacy Policy. Edit preferences later in My Profile. Go to accessibility options.
Coin Grading Tutorial View grading tutorials for currency and other collectible types Coin grading is done both by adjectives and on a numeric scale, and standards are developed enough that most collectors will be able to agree on how a coin should look given how the coin's grade is described. Coin grades are as follows: Poor PO-1 : Barely recognizable. Large parts of the design will be completely flat.
The date may be barely visible or completely missing. Also known as Basal State. Fair FR-2 : Rims worn well into the design. There should be outlines of some of the images visible on both sides of the coin, but the lettering may be completely gone.
Enough of the date should be visible to identify the coin. About Good AG-3 : Most of the design of the coin will be outlined, but the rims will generally have worn far enough into the design to obliterate parts of the lettering or stars. Sometimes referred to as Almost Good. Good G-4, 6 : The general design of the coin will be outlined, but there will be very little detail and some parts may be very weak.
For the most part, the rim will be intact, but it may wear down to the tops of the letters or stars in some cases. The term proof most often refers to a coin's method of manufacture, not its condition or grade.
Remember that mint state is used in reference to a coin's grade. During the minting process, hand-polished blanks are specially treated, struck at least twice, and then carefully packaged to preserve their exceptional finish.
Read more about how the Proof American Eagle Coin is made , one of the world's most popular proof coins. This special process gives proof coins a frosted foreground, glamorous shine, highly-detailed design, and a mirror-like background. Proof coins showcase a greater depth of sharpness, definition, and detail than mint state coins.
Proofs are usually given more than one blow from the dies and are usually struck with presses operating at slower speeds and higher striking pressure. Because of this extra care, proofs usually exhibit much sharper detail than regular, or business, strikes.
Mint state coins have a soft, matte-like finish with some shine, but not nearly as much as a proof coin. Here's where things get a little tricky for numismatic newcomers. Mint state coins are always graded. They must go through the grading process in order to receive their coveted mint state grade on the Sheldon Scale.
Proof coins can be graded, and many are, but they don't have to be. A proof coin is a proof coin, regardless of its grading status. A mint state coin must go through the grading process to earn its title.
In their web series about grading coins, PCGS. For instance, proof coins are typically in collectors' hands for several years and are, at many times, are cared for improperly. So, a common issue with proof coins is hairlines the fine lines from wiping or cleaning the coin improperly. This means that surface preservation must be taken into consideration. Other distinguishing qualities of proof coins include, luster, strike, and eye appeal.
Welcome Guest! Need help? Got a question? Inherit some coins? Our coin forum is completely free! Register Now! Is there a difference between PF and PR grades? Aren't they both designations for Proof? Sorry for my ignorance Report this Post to the Staff.
This is a good question. I was actually wondering this myself. Yes, they are both the same and I've seen it as PRF too.
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