To the rare breed of rare coin collectors
August 15th, 2008 | by admin |New rare coin collectors might find themselves a little confused about what constitutes a good rare coin and what does not. With a little research, however the new collector of rare coins will find that there are plethoras of sites on the internet that describe the process of rare coin grading, and how it is done and who does it.
As a quick run down, (a spring board if you will), coins are graded by recognized numismatic companies. The grading is based on many different criteria (far to many to go into here) but are graded by a nationally recognized grading system, grades 1 - 70, with one being in horrible shape and 70 being in the best condition (this is also supposed to represent the value of a coin in this condition to be 70% more valuable than the one graded as a 1, however few companies use that as a pricing guideline). Grades also include a coloring attribute, which describes the condition of the original color as well. For further information, type in the words rare coin grading into your favorite search engine and watch the results roll in.
