Grading 101: Introduction to Grading
Overview
- Focus: How the strike affects the grade of a coin.
- Example: Buffalo Nickels
- Comparison of a sharp strike vs. a mushy, unclear strike.
Understanding Coin Strikes
Strike Categories
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Poor Strike
- Exceptionally weak and mushy.
- Missing details: Horn, tail, hair, and eye.
- Appears very worn but may still be uncirculated.
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Weak Strike
- Better than poor strike.
- Minimal details visible: Some hair on the head and back, slight leg detail.
- Color and luster indicate uncirculated status, despite missing details.
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Average Strike
- Good horn and some hair detail visible.
- Typical for a Buffalo Nickel.
- Not remarkable in terms of striking.
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Good Strike
- Sharp hair, eye detail, and horn tip.
- Above average with slight softness at highest points.
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Full Strike
- All details sharp, even at the highest points.
- Intricate hair detail, full split tail, sharp lettering and rims.
Impact of Strike on Coin Grading
- Poorly Struck Coin: Cannot grade higher than 63, typically 60-62.
- Weak Strike: Generally tops at Mint State 64, commonly 62-63.
- Average Strike: Cannot typically exceed 65, often 62-64.
- Well Struck Coin: Can grade up to Mint State 69, can boost borderline grades.
- Fully Struck Coin: No upper limit on grade; can add a point if strike is exceptional.
Differentiating Strike from Wear
- Circulated Coin: Flat, gray/whitish areas, no luster, may have fine lines.
- Uncirculated Coin with Weak Strike: Rounded areas with matching luster.
Examples
- Mint State Coin: Rounded areas with luster.
- Circulated Coin: Whitish/gray flat areas, indicative of wear, with fine lines.
- The distinction is more subtle between "About Uncirculated" and "Mint State" coins.
Key Takeaways
- Important to differentiate between wear and strike.
- Look for flatness and lack of luster to identify wear.
- Look for roundness and luster to identify a weak strike.
Conclusion
- Understanding strike is crucial for grading coins.
- Follow the principles for determining wear vs. weak strike.
Thank you for attending the webinar on coin grading.