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Coin Collecting Classifications

In coin collecting, condition is everything. Successful collectors have to be well-versed in the terminology of coin grading classifications. A coin's grade can mean the difference between a great buy and a poor investment. The most widely accepted grading scale comes from the American Numismatic Association. First published in 1977, this scale is the industry standard when it comes to assessing the condition of a coin. Although grading is subjective, these numerical classifications can provide vital information on a coin's rarity and value.

Uncirculated
- This is the highest grade a coin can receive. Uncirculated coins receive a numerical grade anywhere between MS-60 and MS-70. An MS-70 is the perfect coin, with no scuff marks or wear of any kind. Lower grades in this classification are still visually appealing but may have small contact marks and not shine as brightly.
About Uncirculated
- This is the highest grade of circulated coins. There are four grades within this classification: AU-50, AU-53, AU-55 and AU-58. Coins in this grade may show the slightest signs of wear and have small but noticeable marks. The coin's original luster will be diminished but still present.
Extremely Fine
- This classification begins to show light overall wear on the coin. The details are sharp and all the design elements remain clear. In this range, coins grade either EF-40 or EF-45.
Very Fine
- Very Fine coins show moderate overall wear, with all details still showing. There may be minor nicks or abrasions, but the coin is free of any serious erosion or blemishes. Numerical designations in this grade are VF-20, VF-25, VF-30 and VF-35.
Fine
- The wear on coins in this classification is moderate and even. The design remains bold, but flattening is present on raised parts of the coin. Fine coins receive either an F-12 or F-15.
Very Good
- Major features of Very Good coins show considerable wear. The major design elements are still discernible, but there will be faintness in some areas. Very Good coins receive a grade of VG-8 or VG-10.
Good
- Coins in this grade are heavily worn, with moderate nicks or scratches. Major features are visible only in outline form. Coins classified as Good are not very desirable to collectors, with the exception of rare or valuable coins. Good coins have a grade of G-4 or G-6.
About Good
- These coins are very heavily worn, with portions of the major elements worn smooth. Dates are barely readable. About Good coins grade AG-3.
Fair
- In Fair coins, most of the details are completely smooth. There may be serious nicks or defects. These coins receive a grade of Fair-2.
Poor
- The lowest classification on the ANA scale, Poor coins are barely recognizable. The entire surface is worn and may be disfigured. These coins receive a grade of Poor-1.

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