Coin grading is an evolved method to identify the quality of a coin using a standardized ranking syetem. There are many grading companies that perform this service, they charge a fee for a thorough evaluation of the coin, rank it and then encapsulate it, with certification data. Coins certified in this manner by the major services, such as ANACs, NGC, PCGS, ICG, ICCS and CAC will generally enhance the value of coins by their expert review and grade award. The standards currently in use are based on the American Numismatic Association definitions established in 1979 and now in general use by all grading companies.

Details of the standards can be found on the ANA site:  ANA Grading Standards

Very Good (VG8) - Well worn with main features clear and bold although rather flat.

Fine (F12) - Moderate to considerable even wear. Entire design is bold with overall pleasing appearance.

Very Fine (VF20) - Shows moderate wear on high points of design. All major details are clear.

Choice Very Fine (VF30) - Light even wear on the surface and highest parts of the design. All lettering and major features are sharp.

Extremely Fine (EF40) - Design is lightly worn throughout, but all features are sharp and well defined. Traces of luster may show.

Choice Extremely Fine (EF45) - Light overall wear shows on highest points. All design details are very sharp. Some of the mint luster is evident.

About Uncirculated (AU50) - Has traces of light wear on many of the high points. At least half of the mint luster is still present.

Choice About Uncirculated (AU55) - Evidence of friction on design high points. Most of mint luster remains.

Mint State - The terms Mint State (MS) and Uncirculated (UNC) are interchangeably used to describe coins showing no trace of wear. Such coins may vary to some degree because of blemishes, toning, or slight imperfections as described in the following subdivisions.

Uncirculated (MS60) - Has no trace of wear but may show a number of contact marks and surface may be spotted or lack some luster.

Uncirculated (MS63) - Some distracting contact marks or blemishes in prime focal areas. Luster may be impaired.

Choice Uncirculated (MS65) - An above average Uncirculated coin that may be brilliant or lightly toned and has very few contact marks on the surface or rim. MS67 through MS62 indicate a slightly higher or lower grade of preservation.

Perfect Uncirculated (MS70) - Perfect new condition, showing no trace of wear. The finest quality possible, with no evidence of scratches, handling, or contact with other coins. Very few regular issue coins are ever found in this condition.

Proof (PF60) - Surface may have several contact marks, hairlines, or light rubs. Luster may be dull and eye-appeal lacking.

Attractive Proof (PF63) - Reflective surfaces with only a few blemishes in secondary focal places. No major flaws.

Choice Proof (PF65) - Reflective surfaces with no noticeable blemishes or flaws. Few scattered barely noticeable marks or hairlines.

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Updated 3/07/24