Coin collecting for a long time was pretty wild. You were able to make just about any claim that you wanted to about the coins you were selling and nobody would be any wiser. The first grading scales did not do much to alleviate this. This is because they were based on adjectives rather than on a numbered grading scale. It was difficult to determine a fine from a very fine because the terms were too loose. There were also gaps between the adjectives which allowed for too much play in the defining of the coin value.
Dr. William Herbert Sheldon created a scale in 1948 that us still followed by numismatists to this day. His scale was designed to use numbers rather than names to describe the different grades. While names are still used with the Sheldon Scale – as it is known – you are more likely to hear MS65, AU50, F15 or even PR01, rather than Mint State 65, Almost Uncirculated 50, Fine 15 or Poor 01 respectively. The details which surround how a coin will be graded on the Sheldon Scale are resolute. This means if you find a coin value to be based on a grade of AU52, you are likely to find that another will grade it the same way.
Cheap to Expensive
As the numbers get higher in the Sheldon Scale, so does the coin value. Unfortunately, there is not much that you can do to change the value of a coin to get a higher grade. The only thing you can do is to store the coin correctly so that the value does not drop. The difference in the grades is often significant from one grade to the next. In fact, depending on the coin, the value can jump 2 to 3 times the value of the grade below it.
A Grade You Can Believe In
One of the great things about the Sheldon Scale in terms of buying and selling collector’s coins is that you will not have to scrutinize the coin once it has been graded. This is of course assuming that you trust the seller. As long as they have a good reputation of buying and selling genuine and well graded coins, you have a pretty good chance that the coins you are purchasing will be at the right coin value.
Maintaining Value
Sustained value is something every coin collector looks for. A coin which increases in value is something every collector hopes for. The good thing about when you purchase a coin that has been graded on the Sheldon Scale is that you have a better chance of the coin at least maintaining its coin value. This will allow you to enjoy a collection which will hold the value that you have placed into it. The reason why they hold their value is because graded coins rarely lose value over time. They will either stay the same or they will increase in value.
Photo Credits: Wessex Archaeology
Originally posted 2010-08-27 03:27:57. Republished by Blog Post Promoter
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