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<p>[QUOTE=&quot;borgovan, post: 629055, member: 13016&quot;]&quot;I am trying to gain an understanding of coin grading. I am interested in the impact of rim nicks on a coins grade.&quot;</p><p>&nbsp;</p><p>Nicks will only affect the grading of a coin if you are &quot;net grading&quot;. I believe that &quot;technical grading&quot; is a more accurate system. Let me explain the difference. </p><p>&nbsp;</p><p>Technical grading looks at the strike, luster, wear, etc., and comes up with a grade based on the details remaining on the coin versus what they should have been when first struck. If there is any damage, the technical grade stands, but the defects are mentioned separately. For instance, MS-65, rim ticks; or, VF-20, harshly cleaned. </p><p>&nbsp;</p><p>Net grading takes this a step further, and subtracts points for the damage instead of talking about it. The MS-65 coin above might be called an MS-62 coin, and the VF coin above might be called VG. The problem with this is that it&#039;s difficult to standardize what type of damage results in what type of deduction.</p><p>&nbsp;</p><p>I&#039;ve always thought it best to measure the technical grade, and mention defects separately. </p><p>&nbsp;</p><p>The question then is, what about the market grade? How will these defects affect the selling price? That is between the seller and the buyer. Minor defects won&#039;t affect price at all on a rare piece. Major defects may reduce the value by 95% -- such as in the instance of a common piece which has been holed, cleaned, and scratched. It really just has to be a meeting of the minds between what the buyer is willing to pay and what the seller is willing to let the piece go for.[/QUOTE]</p><p><br /></p>

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