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If you want to understand the true value of your coin collection, grading is where it starts. Coin grading is the process of evaluating a coin’s physical condition—and even small differences in grade can mean the difference between a modest offer and a major payout.
What Is Coin Grading?
Coin grading assesses a coin’s condition, including its wear, detail, and overall preservation. The most common grading scale ranges from Poor (P-1) to Mint State (MS-70). While a lower-grade coin may still hold value due to rarity or metal content, higher-grade coins – especially uncirculated examples – can command significantly more on the open market.
Why Grade Matters
Condition is everything in numismatics. Consider this example:
- A coin graded Very Fine (VF-30) might be worth $100
- The same coin graded Mint State-65 (MS-65) could sell for $500 to $1,000 – or more
That’s the power of grading. Collectors and buyers are willing to pay a premium for coins with minimal wear, strong luster, and sharp detail.
Who Grades Coins?
Coins are formally graded by third-party certification services like:
- PCGS (Professional Coin Grading Service)
- NGC (Numismatic Guaranty Company)
These organizations use strict industry standards and encapsulate the coin in a tamper-proof holder with its grade clearly labeled.
At PGS Gold & Coin, we offer free in-store evaluations to help you understand what your coin could be worth – before you commit to the time and cost of professional certification.
DIY Grading Tips (Use Caution)
While grading is best left to professionals, you can start by examining your coins with:
- A magnifier or loupe (10x magnification is ideal)
- Good lighting to inspect luster and surface marks
- A grading reference chart for comparison
Look for features like strong strike detail, clean surfaces, and intact rims. But remember: even a small scratch can change the grade – so avoid cleaning coins and always handle them carefully.
Final Tip: Get a Free Evaluation
Not sure what you have? Bring your collection into PGS Gold & Coin for a no-obligation evaluation. Our experts can help you:
- Understand condition and market potential
- Decide whether formal grading is worth it
- Learn if you’re holding undervalued or rare pieces
You might be sitting on more value than you think—and we’re here to help you find out.
Why Choose PGS Gold & Coin?
- Trusted by families across Chicago and the suburbs since 2008
- Certified, knowledgeable appraisers on staff
- Transparent pricing with no hidden fees
- Multiple locations and a discreet, welcoming environment
- Optional on-site estate consultations for large or complex collections
We’ve earned the trust of thousands of people across Chicago and the suburbs for over 15 years, offering a professional, friendly experience from start to finish.
Visit PGS Gold & Coin at one of our convenient Chicagoland locations, or find us online at staging.pgsgoldandcoin.com
PGS Gold & Coin — Chicago’s Trusted Coin Buyers Since 2008
