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<p>[QUOTE=&quot;PFCBEGA, post: 991213, member: 23132&quot;]Alright let me take a crack at giving you a general explanation of why this coin is graded what it is. I&#039;m going to explain this simply as you said you were a new collector lets take baby steps. </p><p><br /></p><p>1. We can clearly see that this coin has been circulated so it falls anywhere between 1-58 on the grading scale (Poor to almost uncirculated) </p><p>2. Now we need to narrow it down, an AU coin should as the name implies look almost uncirculated, as this coin has no luster it can be eliminated from the higher circulated grades. </p><p>3. The coin although worn is not almost a washer which means it&#039;s better than poor or almost good. </p><p>4. WE can see on the coin that although there is wear some of the high point (such as liberty on the head band) are still visible, meaning that the coin falls into the fine to extra fine. </p><p>5. the hair on liberty is almost entirely gone as well as the detail on the wreath on the reverse which leads us to eliminate it from the Very fine or extra fine categories. </p><p>6. VIOLA! with everything else eliminated we can safely say the coin is a Fine coin, in this case the lower level of Fine being a F-12. (as opposed to a &quot;high fine&quot; of F-15) </p><p><br /></p><p>Hope this little write up helps![/QUOTE]</p><p><br /></p>

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