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Coin grading basics

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A coin’s grade is the number one factor in determining price, and even the smallest flaw can result in it being valued at thousands of dollars less. Although any individual can learn to grade coins with accuracy using online services and training, few learn to grade with the pinpoint precision required to become a professional.

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Coin grading basics

  1. 1. By Kenneth Goldman
  2. 2.  President of Kenneth Goldman Inc, Kenneth Goldman has over 50 years of experience in rare coin collecting. A qualified appraiser for the Federal Trade Commission, he is an expert witness for appraisal and valuation of rare coins, antiques, and currency. Values of rare coins depend on condition-the better the condition, the higher the value.
  3. 3.  Coin grading is a process during which the physical condition of the piece is evaluated. Grades range from poor to perfect uncirculated, and most fit somewhere between the two. In most cases, coins that are considered uncirculated or in “mint state” were properly stored and handled immediately after being minted. Additionally, even coins that are uncirculated carry different grades depending on whether they came in contact with other coins during storage or the minting process.
  4. 4.  A coin’s grade is the number one factor in determining price, and even the smallest flaw can result in it being valued at thousands of dollars less. Although any individual can learn to grade coins with accuracy using online services and training, few learn to grade with the pinpoint precision required to become a professional. As well as knowing the grade or condition of a coin, only years of experience can determine how to sell a coin--to obtain the highest possible sale price.
  5. 5.  As an example, Mr. Goldman was instrumental in arranging the sale, from start to finish, of the legendary 1975 No S Proof Roosevelt Dime. This coin, which had never appeared an ANY public auction sale--- sold for the unbelievable sum of $349.600.00, a record price paid at auction for ANY modern US Coin. A great part of this tremendous result has to do with Mr. Goldman’s expertise in knowing how, where and when to market this coin for its maximum selling price. When Mr. Goldman initially had this coin, he discovered that this would be its first public appearance. Mr. Goldman capitalized on that fact that nearly no one else in the entire field was aware of. The results, as mentioned above, will be forever remembered by the entire numismatic field. Even other competitors have mentioned the sale of this coin in their columns and blogs.
  6. 6.  Mr. Goldman has done this countless times for his clients. Time and time again, the results that Mr. Goldman provided to his clients, far exceeded other offers by self claimed “experts”---people who had only a fraction of the experience that Mr. Goldman has. Mr. Goldman’s theory is that “You can only sell things once” This advice has led numerous people to realize much more for his clients than many other dealers never thought possible.
  7. 7.  Kenneth Goldman can be reached at: Address: PO Box 920404 | Needham, MA 02492 Phone number: (781) 449-0058 Email: KenGoldman@aol.com PNG dealer in Boston area Professional Numismatics Guild member in Boston area. Rare coin appraisal in Boston area

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