Silver Coin Grading

Silver coin grading is the process used to determine the condition and value of a particular coin. The higher the grade, the higher the value.

Most of the time, coins (not silver only - any coins) are graded on a scale that ranges from 0-70. This scale was developed many years past by Dr. William Shelby. The numerical grade is combined with a letter code to create a grade:

MS

Mint State. This means the coin is perfect and uncirculated. The MS grade runs from MS-60 to MS-70, depending on the condition. You will probably never see an MS-70 coin. The chances of even getting a MS-68 are extraordinarily rare. Most MS grade coins are around MS-65.

AU

Almost Uncirculated. This means they have very light traces of wear. This grade comes in AU-50, AU-55 and AU-58. It can be quite hard for a novice to determine a coin is AU. If you’re unsure, look for wear on the highest part of the coin.

EF or XF

Extremely Fine. This is a step below AU, and has slightly more wear. EF comes in the grades EF-40 and EF-45. EF is also sometimes referred to by XF.

VF

Very Fine. This is still a beautiful coin, with light wear and sharp features. These coins come in VF-20, VF-25, VF-30 and VF-35.

F

Of course means Fine. A Fine coin comes in the grade F-12. On a fine coin, you can see all the features yet the minor details may be worn. An example would be a circulated nickel or quarter from the 1970’s.

VG

Very Good, or VG-8 on Sheldon’s scale. The entire coin is showing wear, but the rims are completely visible.

G

Good. These coins are more worn than VG coins, but the mint mark and date are still completely visible.

AG

Almost Good. This is a coin showing major wear. You can often see a partial date on these coins.

Fair

Fair coins are extremely worn and could even display holes or bending. You may or may not be able to make out features or dates.

Basal State

This is the grade for a coin that’s barely distinguishable as a coin. Basal State coins are basically worthless.