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Condition of Coins
                                           Essential Elements of the American Numismatic Association Grading Standards

Proof- A specially made coin distinguished by sharpness of detail and usually with a brilliant, mirror like surface. Proof refers to the method of manufacture no the grade. The term implies superior condition unless otherwise noted.
 

Gem Proof (PF-65) - Surfaces are brilliant, with no noticeable blemishes or flaws. A few scattered, barely noticeable marks or hairlines.
 

Choice Proof (PF- 63) - Surfaces are reflective, with only a few blemishes in secondary focal areas. No major flaws.
 

Proof (PF-60) - Surface has several contact marks, hairlines, or light rubs. Luster may be dull and eye appeal lacking.
 

Mint State – The Terms Mint State (MS) and Uncirculated (Unc.) are interchangeable and refer to coins showing no trace of wear. Such coins may vary slightly due to minor surface imperfections, as described in the following subdivisions.
 

(MS-70)- A non-proof coin that contains no lines, bag marks, or anything of the sort. A perfect coin.
 

(MS-65)- Scattered bag marks on the surface, or one or two very light rim marks.
 

(MS-60)- Uncirculated coin with a moderate number of bag marks. May have a few minor edge nicks and marks.
Circulated Coins – The term circulating means that the coin has left the mint and has begun to move around. They may be worn or have lots of wear. The value greatly differs from the circulating ones to the uncirculating. Lots of surface scratches and contact marks are visible.
 

(AU-55) - Coin that was in circulation only for a very brief period of time. Only shows a small trace of wear on the highest points.
 

(AU-50) -Traces of wear on nearly all of the highest points. Must still have at least half of the mint luster present.
 

(EF-45) - Light overall wear on the highest points. Mint luster only in protected areas — such as in between stars and letter spacing.
 

(EF-40) - Still only having slight wear, but a little more extensive than the preceding grade. Design still has excellent sharpness.
 

(VF-30) - Light, even wear on the surface. Design details on the highest points lightly worn, but all lettering and major features sharp.
 

(VF-20) - Same as the preceding grade, except with moderate wear on the high points.
 

(F-12) - Moderate to considerable even wear. Entire design is bold. All lettering is visible but with some weakness.
 

(VG-8) - Well worn. Most fine details such as hair strands, leaf details, and so on are worn nearly smooth.
 

(G-4)- Heavily worn. Outside outlines of design are visible, but center detail of the design is worn smooth.
 

(AG-3)- Very heavily worn with portions of the lettering, date, and legends being worn smooth. Date is barely readable
 

(P-01)- NO date visible. Considered worst condition. Considered a cull.