UNCIRCULATED COIN CONDITIONS

There are 11 different grades used to describe uncirculated coins. Differentiation of these grades requires the trained eye of a well-seasoned collector or dealer. Some coins are unknown in uncirculated condition or in the upper levels of the uncirculated range. This contributes significantly to the value of some coins. Fortunately, one point difference between the grades of most coins falling in the lower half of the uncirculated range often makes little difference in a coin’s value. However, if your coin appears to fall in the upper levels of the uncirculated grades and is a candidate for carrying a hefty price tag, it is best to consult with a professional or have the coins graded and encapsulated by a grading company.

Grading uncirculated coins takes dedication and experience but is well worth the time to learn if you intend to grade coins for yourself. Do not be afraid to visit shops and coin shows to study coins that have been graded by professional grading services or to consult with a knowledgeable dealer. Most importantly, arm yourself with the proper books and study them over and over. Start with our recommended book list and check your local library.

• OFFICIAL A.N.A. GRADING STANDARDS FOR UNITED STATES COINS© American Numismatic Association ISBN: 0-307-19876-6

• PHOTOGRADE: Official Photographic Grading Guide For United States Coins. By James F. Ruddy ISBN: 0-307-99361-2 (For circulated conditions only)

• THE OFFICIAL GUIDE TO COIN GRADING AND COUNTERFEIT DETECTION© PCGS by John Dannreuther

Uncirculated Coin Prices

Prices given in this book are for coin grades typically encountered in pocket change. Thus, our uncirculated prices are at the lower end of the spectrum or what specialists refer to as Mint State 60 (MS-60) to MS-62. However, uncirculated grades range from MS-60 to MS-70. Coins found in original bank wrapped rolls or in collections may grade higher and are often worth considerably more than the prices quoted here. In an extreme example, a 1992 Lincoln cent “Close AM” is listed uncircualted at $3,500 to $5,000 but certified in MS-65 Red it is worth over $12,500. One of the few MS-65 Red examples known sold for $25,000 in May 2005. (“Red” means it is fully brilliant}. If unsure about the grades of your coins, consult a specialist.