It Is Never Too Late to Solve Your Money Problems

After I entered the job force at 18, I had money problems for quite a number of years. I earned a decent income, but I lived paycheck to paycheck and just felt like I would never get ahead financially. One day, determined to get ahead, I decided to record every purchase I made for a month to find out just where my money was going. I learned a hard lesson that day that small purchases here and there throughout the month really add up. I committed to a much smaller budget and began stashing savings away. Then, I researched the world of investing and made a few strategic ones with some of my savings. I am now doing much better financially, and I want to help others who need it, so I am starting a blog. Come back often for money management tips and tricks explained simply!

New To Collecting? What Coin Grading Is All About

Finance & Money Blog

If you're new to the world of coin collecting, you likely have a number of different questions with coin rating, or grading, being a significant area of concern. Unfortunately, getting answers to this question isn't exactly simple. Coin grading is quite a detailed process that involves a number of different factors. Before having your coins graded, take some time to learn about just some of the factors that may be considered.

What Is Grading?

One of the most important things for you to understand is what exactly grading is. There is a fairly common idea that grading is used for the purpose of determining value. This is true, but not entirely because grading is about more than just value. It's better to think of the process as a way to examine the condition of the coin.

For example, a coin can be graded as extremely fine (which is the highest rate); however, if it was produced in high quantities, it might not necessarily be highly valuable. While a coin's grading can be used to influence its value, make sure you understand this is not the only purpose.

Common Factors Considered


A common starting point of inspection is the strike condition of the coin. An easy way to think of the strike is to call it the design of the coin. A coin with a higher strike rating will have clear raised and sharp lines on the coin surface that makes its design easily recognizable. A coin on the lower end of the spectrum in this area will have several flat surfaces and muted lines that make it more challenging to distinguish the coin's design, making it appear severely worn.


Another standard area of inspection is the luster, or shine, of the coin. This area is complicated because high luster doesn't always mean highest grade. Take a newly minted coin, for instance. In this instance, a higher luster level would likely be sought out for a higher grade. However, for a very old coin, if the luster level of the coin is too high, this can serve as evidence that the coin has been altered. For original coins, any alterations or updates can lower its grading.

It's important to understand that there are several different grading standards by which this process is completed, which can cause a coin's grade to vary. For this reason, it's a good idea to find out which guideline the grading service you plan to pair with uses so that you can have a clearer idea. Go to website for more help.


21 March 2017