How does the industry define a rare coins condition?
For US coins, the industry uses a 70-point numerical grading scale to define the condition (or grade) of a rare coin. Mint State (MS) coins were struck for general circulation. Proof (PR) coins were specifically struck for coin collectors. Coins graded MS63 or PR63, or higher, are usually recommended for purchase because they a) have shown the best rates of apprecition, and b) are more attractive. So there you have it: some key pieces of advice to bear in mind when taking your first steps into successful coin collecting. These are just novice starter tips, and the key with numismatics is to constantly acquire new knowledge in order know what you are doing – but that’s all part of the fun!
