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<p>[QUOTE=&quot;Aidan Work, post: 196244, member: 1824&quot;]Welcome aboard,Adrian.There are several grading systems that are used by the numismatic trade.</p><p><br /></p><p>Here in New Zealand,we use what is commonly known as the 7 point grading system that uses these as grades; - G.,VG.,F.,VF.,EF.,UNC.,&amp; Proof.Proof isn&#039;t strictly a grade as such,but we use the term &#039;Proof-like&#039; for coins that are better than BU.,but not good enough for Proof.</p><p><br /></p><p>I don&#039;t understand the U.S. grading system at all.</p><p><br /></p><p>Although I have been in the trade for 10 years,I know nothing about grading.I just identify the coins &amp; banknotes,then the boss grades them &amp; calls out what grades they are,&amp; I look up the prices in Krause &amp; Pick,&amp; then call them out.</p><p><br /></p><p>Aidan.[/QUOTE]</p><p><br /></p>

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