Coins are classified by applying the official Sheldon grading scale from 1 to 70, with 1 being the worst and 70 being the absolute best possible condition. A higher grade can often result in greater potential profit in the open market. In this episode of U.S. Money Reserve’s “Did You Know?,” we cover the difference between graded and ungraded coins.
Graded vs Ungraded Coins: Did You Know? – Video Transcription
Bullion coins are typically struck only once with a standard matte finish and are primarily priced by weight. When it comes to bullion, the market value is almost entirely based on its weight. It closely follows the spot price of gold or silver, also known as day trader metals. Bullion immediately reacts to the current economic climate and is often produced in larger numbers making it commonly available. Bullion is a convenient way to own physical precious metals and is traded worldwide.
Mint state versus proof. Coins are graded using the official Sheldon grading scale from 1 to 70. 1 being the worst and 70 being the absolute best. The grading process is important because grade determines a certified coin’s population which can have a major impact on its growth potential. A higher grade can often result in greater profit potential on the open market. Bullion coins that are graded are given the designation mint state, also known as ms. Example grades include ms 70 or ms 69 these coins come individually sonically sealed in a clear tamper-proof slab and feature a unique serial number verifying their graded condition and authenticity. Proof coins are struck multiple times, which gives the coin a frosted sculpted foreground for a glamorous shine defined intricate design and mirror-like background. Mint state coins are graded with “MS” before the grade and proof coins are graded “PR”. Call the number below, or click on the link in the description to learn more about the value of gold and other precious metals.