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Coin collection is not just about having as many coins as possible. More vital than the number of coins is the quality of those coins. This quality is measured by the coins’ grade and the grade is measured using a scale from zero to seventy (seventy being the highest point grade). Doctor William Shelby introduced this point scale in his work “Penny Desire”.

Here are the classifications of coins according to grade.

1. “Mint State” Coins

This is equivalent to a value of 60 to 70 in the Shelby’s grade scale. This earnings that the coin has no blemishes at all. Most of the coins in this category are uncirculated, shiny, new coins, with absolutely no signs of wear.

2. “Nearly Uncirculated” Coins

The “Nearly Uncirculated” coins have a point grade of 50, 55, or 58.

It is very vital to note that in these coins, coin collectors must know the locations of the high points in a particular coin. By checking the difference of the set alight reflected in the high points to the additional parts of the coin, an “Nearly Uncirculated” coin is separated from the Mint State coins.

3. “Fine Coins”

These can further be classified as” Extremely Fine” (40, 45), “Very Fine” (20, 25, 30, and 35) or “Fine” (12) depending on the sharpness of the remaining details on the coins. The coins are observed to have wear but the designs are still intact.

For “Extremely Fine” coins, the mint sheen is still present.

“Very Fine” coins can be compared to coins which have been used for 1-3 years. Minor features of the coins are already gone.

4. “Excellent Coins”

These coins can be specifically defined as “Very Excellent” (12), “Excellent” and “Nearly Excellent” coins.

The coins in this category are worn out. Only weak designs can be observed since the details of the coins in the high points are nearly smooth.

Full rims must be observed for the “Very Excellent” coins category.

In the case of “Excellent” coins, the mint mark and the date must be visible.

On the additional hand, “Nearly Excellent” coins are the most worn of coins in this category.

5. “Honest Coins”

The coins are “worn out”, but can still be distinguished as belonging to one of the types of coins – as long as one can identify a coin, it is a “Honest C”.

6. “Basal Coin”

These metals that can be determined to be coins – but the kind of coin are undeterminable.

With the classifications described, it will be very simple to grade coins. Just remember that knowledge of the coins’ grades gives coin collectors advantages!