EF-45 This is for "Extremely Fine" (the grade) and "45" (the numerical designation of the grade). Also called XF-45. About 95% of the original detail is still evident and the devices are sharp and clear. See also Extremely Fine.
603 1844 EF-45. Pleasing medium yellow with lighter lustrous patches around each star. Simply a very attractive coin for the type, a fact which belies its prohibitive rarity.
Buy a basic coin as a type; I recommend EF-45, MS-63, or Proof-63, depending upon your budget.
For example, a coin grader, unless they wish to be unorthodox, can give an Extremely Fine graded coin a numerical grade of EF-40 or EF-45. Someone who decided to use the numbers in between might be asked why they are doing unnecessary hair splitting.
The remaining examples went from Choice About Uncirculated down to EF-45. Gem examples of Philadelphia issues do exist, but only 1834 Plain 4, and to a lesser extent, 1836, are seen with any frequency.
Abbreviation: EF-45 Only light overall wear on the highest points of the coin's design. All details of the coin's design are very sharp.
The third bucket is the range of circulated grades, from P-1 to EF-49 (although EF-45 is the highest circulated grade you'll probably see actually being used.) Most beginners looking for grading help have circulated coins, ...
Choice / Extremely Fine (EF-45)
There is a very light overall wear on the coin's higher points, though all of the design details are very sharp. Mint luster is still prominent on many areas of the coin's surface, though mainly in protected areas.
Choice Extra/Extremely Fine (XF/EF-45)
Lightly but evenly worn. All details are very sharp, and there is some of the original color of the coin.
Almost/About Uncirculated (AU-50) ...
Choice Extremely Fine (EF-45) - Light overall wear shows on highest points. All design details are very sharp. Some of the mint luster is visible.
Recent appearances:
1793 S-11a. Rarity-4+. Wreath, Vine and Bars Edge. EF-45. Ex - American Numismatic Rarities, LLC's "The Classics Sale," July 25, 2003 , Lot 107, illustrated, sold for $52,900.00. Last publicly auctioned in 1933. ...
Choice - An adjective used to describe an especially select specimen of a given grade. Thus, Choice EF-45 represents and especially select Extremely Fine coin (normal or typical Extremely Fine being EF-40).
An adjective used to describe an above average specimen of a given grade. For instance, Choice EF-45 represents a coin above the typical EF-40, but still below AU-50.
Choice (2) ...
In another example, from my specialty Charlotte Gold, an 1838-C half eagle trends for $5750 in EF-45 but jumps to $14,500 in AU-50.
 See also: Coin, Grade, Mint, Numismatic, Collector
  
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