You bought it: 1884-CC Morgan dollar graded MS-64, 1932 Swiss 5-franc coin
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By Joe O'Donnell , Coin World
Published : 01/12/15 ...
This is for "Mint State" (the grade) and "64" (the numerical designation of that grade). This grade is also called "Borderline Gem" at times, as well as "Very Choice BU." There will be no more than a couple of significant marks or, possibly, a number of light abrasions.
MS-64 A Choice Brilliant Uncirculated coin. Mint luster is above average with several small contact marks as well as one or two moderately heave contact marks. The overall quality of the coin is above average for a mint state coin and has a pleasing appearance.
MS-64 quarter eagles and half eagles from the Charlotte Mint will also be well struck, although they may have some minor weakness on the hair around the face and the ear of Liberty or on the eagle's legs. The surfaces will show a few very small marks or possibly some light hairlines.
MS-64 or -63 grade representatives of most dates in the series could be purchased for less than $500. It is unusual for an SLQ to be certified as MS-60 or MS-61 and these should not be acquired without first consulting an expert in the series.
NGC ~. Ex - American Numismatic Rarities, LLC's "The Classics Sale," July 25, 2003 , Lot 165, "1863 Repunched 86, Snow-4, FND-002, Rarity-6", illustrated, sold for $253.00 ...
1928 $20 St. Gaudens. ~. Minor light rim marks and a small indentation at the breast (PCGS # 9189) .
Estimated Value $1,050 - 1,100.
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See Also -- Mint State choice ~ This is for "Mint State" (the grade) and "64" (the numerical designation of that grade). This grade is also called "Borderline Gem" at times, as well as "Very Choice BU.
If it's a very high-end ~
piece, its owner might crack it out of its holder multiple
times and keep resubmitting it, trying to get it upgraded to
65 and thus increase its market value $9,000. The population
and census reports do not correct for this irregularity.
Choice Uncirculated An Uncirculated coin grading ~. circulated A term applied to a coin that has wear, ranging from slight rubbing to heavy wear. circulation A term applied to coins that have been spent in commerce and have received wear.
For example, suppose there was no ~ grade. At one time, when numerical grading was in place and was a working system, this was the case. A coin could be properly graded as MS-63 or MS-65.
Ten thought they were MS-63 grade and 10 thought they rated ~. Let's assume that the coins were then purchased by one of the dealers who felt they were ~. The dealer then sends them to one of the major certification services and they come back graded as only an MS-63.
It is listed in the December 2003 Coin Values at $25 in Extremely Fine-40, $7,250 in MS-63, $45,000 in ~ and $165,000 in MS- 65. As you can see, large spreads in value can be based on very small differences in perceived quality. Be cautious if you venture into the area of condition rarity.
Your MS-60 could in fact be an ~, and you'll have bought it at MS-60 coin values.
* Expensive coins aren't always interesting or desirable. Your US coin value doesn't depend on how rare or coveted the coin is.
The other seven would grade it ~. Based on probability statistics there is approximately a one in five chance that a random selection of 3 graders from this mix will result in at least 2 of the 3 graders grading the coin MS-65 thus insuring an MS-65 rating by PCGS or NGC.
For example, when buying Morgan dollars, collectors will often buy a particular dated coin in MS-63 grade, when the ~ is priced only slightly higher. Gem MS-65's may be many times the ~ price, making ~ the best value for that particular date.
1922-D LINCOLN CENT, ~ RED BROWN (ANACS). Obverse is almost completely red and reverse mostly red with slight hint of brown toning. No visible distracting marks or spots. Some years ago PCGS listed only 12 better in the Red Brown Category, and only 60 higher in red.
They're also readily available in mint state grades up to ~. Above that level, however, their numbers drop sharply. The overwhelming majority saw use in daily commerce, though their high face value (nearly half a day's pay for many workers) limited that use drastically.
Choice BU - A term used to describe a nice, uncirculated coin - perhaps the equivalent numerical grade of MS-62 to ~.
Choice Unc - Abbreviation for Choice Uncirculated.
Choice Uncirculated - An Uncirculated coin in grade MS-63 or ~.
Choice Uncirculated An Uncirculated coin grading MS-63 or ~.
a b c d e f g h i j k l m n o p q r s t u v w x y z
(Click on a letter to jump to that page of the glossary.) ...
"Moving on to gold rarities, we sold an 1876 Three-Dollar gold piece in PCGS Proof-65 DCAM for $78,200, an exceptionally well produced and preserved 1909-O Indian Half Eagle graded ~ by PCGS for $175,375, and a key-date 1921 Saint-Gaudens Double Eagle in PCGS MS-62 for $134,550.
Un Uncirculated coin grading MS-63 or ~.
A term applied to a coin that has wear, ranging from slight rubbing to heavy wear.
Coin Rarities & Related Topics: 1943-D copper cent, 1795 Reeded Edge cent ...
It is PCGS graded ~ and Laura Sperber sold it to a collector for '$1.7 million.' Stewart Blay feels 'the price has been inflated because the buyer ...
Sixpence, 1699. S.3547; ESC-1578; KM-496.10. William III. Third bust. Roses in reverse angles. Lustrous with iridescent toning. NGC graded ~.
Farthing, 1696. S.3557. William III. Hint of obverse luster. NGC graded MS-63 Brown. Estimated Value , 100-1, 300.
Even worse, in ~ it is worth $110. While the coin still has its original mint luster, the physical damage is there. Do you think this is an extreme example?
The ANA recognizes several steps in the Uncirculated category, going from MS-60, 63, 65, 67, and 70. In recent years, some silver dollar dealers have introduced ~, and some other dealers are calling for the introduction of the additional steps of MS-61, 62, 66, 68 and 69.
One buyer's MS-65 is often another buyer's ~ + or MS-65 +. The CDN "Bid" prices generally reflect wholesale trading ranges for only the most conservatively graded mint state coins. Sight-unseen bid prices for P.C.G.S. coins are also listed on the A.N.E.
Usually refers to the published wholesale value of a certain coin as published in the Coin Dealer Newsletter or other numismatic price directory Otherwise, it could simply refer to a dealers offer to buy a certain coin (e.g. I would bid $4,200 for your ~ $20 St.Gaudens).
SOLUTION: The Internet.
Strong sensitivity of coin prices to small changes in grade PROBLEM: Some coins jump incredibly when going from MS-63 to ~.
This term is used less frequently now that the Sheldon scale of numerical grading has come into vogue. A BU coin is usually described as MS (Mint State) today, and generally falls into the lowest MS grades (MS-60 through MS-62.) Higher MS grades are designated as "Choice BU" (MS-63 and ~) and ...
See also: What is the meaning of Grade, Coin, Mint, Struck, Collector?