How Important is it To Get Your Old Coins Graded?
Old means gold, isn’t it? But how? Being in the antique industry, I’ve learned that every ancient piece is considered highly valuable.
Similarly, an old coin that is 100–1000 years old is actually gold because it has significant value and a rare quality.
Apart from this, what else make an ancient dime more valuable? Let me explain it to you in a simple way by giving you an example.
The US gold coin is currently worth $1,993.98, and when the same piece is certified or graded, it becomes more valuable.
Remember, not all coins require grading; it all depends on the history and age.
However, it will take some research and a keen eye to understand why ancient Roosevelt dime & other vintage coins need to be graded.
Before coming to a conclusion, explore and discover how it actually started.
How are old coins graded?
The most important question raised by every individual. After all, as a collector, knowing about such topics is a must.
Preservation: This refers to the extent of wear, damage, or corrosion that a quarter dime has experienced over time. Coins in better condition generally receive higher grades.
Strike quality: This considers the sharpness and detail of the coin’s design elements. Well-struck coins with clear details receive higher grades.
Luster: Luster refers to the original shine or brilliance of a coin’s surface. Coins with vibrant luster are graded between 40, i.e., fine or extremely fine.
Surface marks: The presence of scratches, nicks, or other blemishes on a coin’s surface can affect its grade. Fewer marks generally lead to a good category.
Eye appeal: This factor is subjective and considers the overall visual appeal of a 2-cent coin. Coins with attractive aesthetics may receive slightly higher numeric grades.
Why is it crucial to have your old coins graded?
- Getting your precious metal coins can increase your chance of getting an elevated price.
- However, buyers and sellers both keep a keen eye when dealing with certain pieces.
- When getting your rare Lincolin cent coin appraised, you’ll be aware of its right value.
- Moreover, grading is divided into parts from lower to higher, and the higher the grade, the more value it carries.
Which companies grade old coins?
There are a few famous and leading companies that perfectly grade coins as per their upholding, condition, marks, rarity, luster, and appearance.
Those companies are:
- Professional Coin Grading Service (PCGS)
- Numismatic Guarantee Corporation (NGC)
- Independent Coin Graders (ICG)
- National Numismatic Company Service (NACS)
The numeric grading starts from 1–70, in which 1 is considered to be very poor and 60–70 is considered to be mint state, i.e., uncirculated, and eventually carries a sky-high grade and value.
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