Hi, guys I sent a 1982 sm date Lincoln penny to get graded through anacs. They gradeded it "1982 1c Bronze SM Date Abraded OBV DIE AU 58. So my question is what exactly does Abraded mean, where is it abraded, and how much is it worth ?
The word 'abraded' AKA abrasions are marks or scrapes and your coin has some. And honestly, that is a complete waste of money to send it for grading. I have found hundreds of these in circulation. The grading cost is $12 for economy shipping which is 1200x more than the coin is worth. Never send in a coin unless its worth more than the grading costs. And if youre not sure about the price, look it up online or ask us here at cointalk.
When the coin dies get dirty a built up with debris/ gunk, the press operator will clean them with a abrasive cloth which leaves scratches on the die that is transferred to the coin when struck. Sometime you will need a 10 x loupe to see them, sometime not. They look like scratches that are raised on the surface of the coin. In my opinion do not add value to a coin.