Wednesday, November 27, 2013

Coins Grading


Coin grading is very important to mark a specific coin as authentic and it's value.
An authentic coin without being graded by an official coin grading authority has a lower value as a coin that is graded by them.

Coin grading is done by giving a certain code to the coin.
Once graded by an official coin grading company the coin will be placed in a sealed plastic box with the grade of the coin inside the box on it.

But what do these codes mean...here is a complete coin grading code list,
State of the CoinGrading CodeGrading Explanation
Fleur du coin - FDC coin grade
Fleur du CoinFDCThis only applies to proof coins and these coins are absolutely perfect, without any marks, wear or blemishes.
Mint State or uncirculated coins
Mint StateUncThe UNC graded coins are uncirculated and have totally no trace of wear.
Almost uncirculated - AU coin grading
Almost UncirculatedAUAU graded coins have a small trace of wear visible on the highest points.
Extremely fine - XF or EF coin grading
 Extremely FineXF or EFXF grade coins (or EF) have a very light wear on only the highest points.
Very fine - VF coin grades
Very Fine VFVF grade coins have a light to medium wear. All major features are sharp.
Fine - F coin grades
FineFF grade coins have moderate to heavy even wear. The coin design is clear and bold.
Very Good - VG coin grades
Very GoodVG VG grade coins are well worn. The design is clear, but flat and with lacking details.
Good - G coin grade
Good GG grade coins are heavily worn. The design and legend are visible but faint in spots.
About Good - AG coin grading
About Good AG  AG grade coins have a outlined design and parts of date and legend worn smooth.
Fair coin grading
Fair Fair With a coin that has been graded as fair you can identify the coin as to it's type.
Basal state coin grade
Basal StateBasalWith a basal graded coin you can identify the lump of metal as being a coin.
Most coin collectors are collecting coins who are graded VG or better since the design should be recognizable. The higher the coin grade of authentication, the higher the value of the coin will be when sold.

• 1835-1947 
     3 Pies = 1 Pice 
     4 Pice = 1 Anna 
     16 Annas = 1 Rupee 
     15 Rupees = 1 Mohur 
• 1950-1957 
     4 Pice = 1 Anna 
     16 Annas = 1 Rupee 
• 1957-1963 
     100 Naye Paise = 1 Rupee 
• 1964- 
    100 Paise = 1 Rupee