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<p>[QUOTE="CamaroDMD, post: 1349370, member: 5233"]So, coins are graded on a point system of 1-70. When a coin grades 60 or higher it is considered "mint state" which is abbreviated "MS." A coin that grades MS60 has no circulation wear...but it probably has a bunch of bag marks and other scuffs. The higher into the 60s the grade goes...the fewer marks the coin has. If the coin has any circulation wear, it cannot grade any higher than a 59. A flawless coin grades 70.</p><p><br /></p><p>Now, proof coins are a bit different. A "proof" is a coin that is manufactured in a different way than a normal circulation coin. It is still graded on a scale of 1-70. If it has circulation, it might grade Proof-35 and if it's perfect it would grade Proof-70. Proofs are originally made to be collector pieces and thus are rarely found to have circulated. But, occasionally you can find one that has and thus has wear.[/QUOTE]</p><p><br /></p>
[QUOTE="CamaroDMD, post: 1349370, member: 5233"]So, coins are graded on a point system of 1-70. When a coin grades 60 or higher it is considered "mint state" which is abbreviated "MS." A coin that grades MS60 has no circulation wear...but it probably has a bunch of bag marks and other scuffs. The higher into the 60s the grade goes...the fewer marks the coin has. If the coin has any circulation wear, it cannot grade any higher than a 59. A flawless coin grades 70. Now, proof coins are a bit different. A "proof" is a coin that is manufactured in a different way than a normal circulation coin. It is still graded on a scale of 1-70. If it has circulation, it might grade Proof-35 and if it's perfect it would grade Proof-70. Proofs are originally made to be collector pieces and thus are rarely found to have circulated. But, occasionally you can find one that has and thus has wear.[/QUOTE]
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