 | Dena Newport
is manager and founder of NBS Coins (Numismatic buying and selling), which opened October 1, 2001. Dena is a lifetime resident of Wichita, and member of Member of the KNA (Kansas Numismatic Association). NBS Coins offers a full line of supplies and a wide selection of coins and currency. NBS also deals in world and ancient coins. NBS is always interested in buying, selling, or trading coins and currency. Dena can be reached by e-mail at destiny001@msn.com, or by phone at (316) 522-3432. |
Antiques & Collectibles
2002-09-01 11:12:00
What is Numismatics?
: What is (or are) Numismatics? How do I determine a coin’s grade? Who does coin grading? How long does coin grading take?
Dena Newport
Question: What is (or are) Numismatics? How do I determine a coin’s grade? Who does coin grading? How long does coin grading take? Answer: Numismatics in the study or collection of monetary objects that are released from a Governmental agency for economic purpose. A coin’s grade is determined by the wear on the obverse and reverse of a coin, that has been released for circulation. A letter and numerical system has been developed to help take out the opinionated sides of coin grading. " The official A.N.A. Grading Standards for United States Coins," offers the best grading guide with photos for collectors and dealers. The coins’ grading system starts from AG-3 (Almost Good), G-4,(Good) F-20, (Fine) VF-20 (Very Fine) To MS-60-70 (Mint State) and proof issues, run generally from proof 65-70. Generally a coin in AG or Good show heavy wear and there are not many details left on the coin, to where as a coin with mint luster or in its original and new condition can obtain the mint state grade. Coins in higher grades and have a lower mintage are generally worth more money. You can begin to learn to grade coins yourself by purchasing the A.N.A. book. It can be found at any local dealer in your area for about $15.00. You can begin grading your coins within a few minutes of reading. There are also third party grading services, such as PCGS, NGC, ANACS, PCI, NTC and several others who will authenticate your coins for a fee and put them into sealed plastic holders that will state the grade, mintage, and any attributions the coin may have. Grading services offer several different options from 1-day service to 21 day service upon the receipt of your coins. Their fees vary depending on how fast you want your coins back. Your local coin dealer should be able to help you with this process, and help you to choose a grading company that will best fit your needs.
