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The Gold and Silver Mine – When 70 means ‘perfect’

March 3, 2014 in Antique Coins, Coin Grading, Coins, Education, Gold, Gold Coins, Numismatica, Numismatics, Proof Coins, Silver, Silver Coins, Silver Eagles, USA Coins

By: Douglas Keefe. March 01, 2014. (http://www.shorenewstoday.com/)

The grade (condition) of a coin determines its value to collectors, the better the condition, the more the coin is worth. In the early days of coin collecting the coin was either new (uncirculated) or not. But as collecting evolved, coins were assigned grades based on the amount of wear they received in circulation.

The grades started at uncirculated and went all the way down to good for very worn coins. There are grades of fair and poor, but coins in that condition generally are not considered collectible unless they are extremely rare in any grade.

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