Learn more about the Sheldon Grading Scale

2014 1 oz Gold American Eagle MS-70 NGC Early Releases

2014 1 oz Gold American Eagle MS-70 NGC Early Releases

Why graded coins are so prized and valued by collectors

Here’s a collector’s horror story that never has to happen to you.

You fall in love with a coin that appears to be in absolutely perfect condition. Not a scratch or smudge – you’d never know anyone touched it since it left the mint. You pay top dollar. Then to your surprise, an expert looks at it and spots a barely discernible nick near the rim on the coin’s obverse. It’s a great coin, but it’s not worth what you paid for it.

That’s exactly the nightmare Dr. William Herbert Sheldon set out to eliminate when he created the Sheldon Grading Scale in 1949.

A standardized system to evaluate a coin’s condition

The Sheldon Grading Scale gives expert coin appraisers a system of standardized attributes to evaluate a coin’s condition. The expert appraisers inspect the coins and grade them on a scale of 1 – 70.

A grade of 1 means the coin may be clear enough to identify, but it may be badly corroded or so worn that a side of the coin is blanked. On the other end of the scale, 70 means uncirculated perfection – no trace of wear, handling, scratches or contact with other coins. All the mint’s original luster is intact.

No circulated coin receives a grade higher than 58. At that grade, just about all of the coin’s original mint luster remains. Uncirculated coins receive grades from 11 – 70.

Who makes the grade?

The Sheldon Grading Scale is not for amateurs. The people who grade coins and assign these values have to be extremely well trained and experienced. That’s why most coins are graded by professional grading services.

There are dozens of grading services, but two of the most popular and highly respected are the Numismatic Guaranty Corporation (NGC) and Professional Coin Grading Service (PCGS).

Coins graded by these services are highly valued for three reasons.

First, the people who grade coins for NGC and PCGS are unimpeachable experts. Their judgment is highly respected throughout the industry.

Second, after the coins are graded, they are sealed in airtight protective slabs, which help prevent tarnishing. They also provide a strong tamper-evident layer, so coins coin can’t be damaged in handling without a collector knowing about it.

Third, they label the coins with grades and findings. When you see a coin in a plastic slab labeled MS-70, you know it is an absolutely perfect coin. If it has an NGC Early Releases or PCGS First Strike designation, you know it arrived at the grading service within 30 days of the coin’s release by the mint.

Needless to say, graded coins are highly prized and valued.

 A treasure trove of collectibles

APMEX has a huge selection of graded coins, from uncirculated Silver Dollars that are more than 100 years old to the latest bullion coins receiving First Strike and Early Releases designations. Click here to see some of our more popular Graded Gold Coins and Graded Silver Coins.

 

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11 Precious Metals Investing Terms You Should be Familiar With

If you’ve ever spent time on APMEX’s website you may have come across a few terms that were deserving of a curious eyebrow raise.  Don’t worry; you don’t have to be a skilled numismatist to find out the meaning of all the hieroglyphic-like terms that your eyes are trying to decode. When you choose APMEX as your precious metals provider you’re not only picking the best bullion products available on the market, but you’re also investing in a skilled team of workers that can actually help answer your questions and lower your confused eyebrow. Check out this listing of some of the most commonly used terms. All terms have been taken directly from the APMEX Glossary.

Assay: A test to ascertain the fineness and weight of a precious metal.

Bid: The price at which a dealer is willing to buy.

BU: Brilliant uncirculated, is used to describe a coin in new condition. It is for a coin that has no wear, but it may have light handling marks or other imperfections.

Bullion: The term is used to describe: 1. Gold, silver, platinum or palladium coins which closely follow spot prices and have little or no numismatic value (such as restrikes) 2. The form in which metal is shaped such as bars, ingots or wafers. The most commonly traded gold bullion pieces among individual investors in the United States weigh 10 oz. or less.

Early Release: NGC designation for a coin received during its first month of release.

First Strike: These coins have been struck from a new set of dies within the first 30 days.

MS-60: The lowest grade of Mint State, or uncirculated, coins. Using the Sheldon Grading Scale, coins are grade from 1 to 70, with 70 representing a perfect coin. Coins grading MS60 or higher are uncirculated; coins grading below MS60, are circulated.

PCGS and NGC: Professional Coin Grading Service & Numismatic Guaranty Corporation, two major coin grading services in the United States.

Proof: Refers to the manner in which a coin was minted NOT to its condition. Highly polished dies and special planchet are used to produce coins with a mirror-like finish. A proof strike is very different from a business strike and proof coins are generally made for collectors not for normal use.

Spot: Term which describes one-time open market cash transaction price of a commodity, where it is purchased “on the spot” at current market rates. Spot transactions are in contrast to term sales, which specify a steady supply of product over a period of time. The price for the physical delivery of bullion bars, usually 100-oz bars of gold or platinum and 1,000-oz bars of silver.

Troy Ounce: One of the most common units of measure for precious metals. 480grains = 31.1035grams = 1.09711 avoirdupois ounces = 1 Troy Ounce.

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Find the Perfect Gold Eagle You’ve Been Wanting

 

Perfection Is In Your Reach: A Large Variety of Perfect 70 1 oz Gold Eagles Very Limited Quantities of Each Selection

Perfect 70 Gold Eagles (1 oz)Here’s your chance to find perfect Gold American Eagles for your collection. APMEX has a great selection of 1 oz Perfect 70 Gold Eagles. You will find multiple dates, as well as First Strikes and Early Releases, plus coins in Burnished, Proof and Reverse Proof finishes. Special 2 and 3 coin boxed sets are also available. Perfect 70 Gold Eagles from APMEX enhance your collection with:

  • Certified Perfection: Tamper evident slabs authenticate Perfect 70 grades from PCGS or NGC, the two leading independent grading agencies. These coins have received the highest grade on the Sheldon numerical grading scale from 1 (barely identifiable) to 70 (absolute perfection).
  • U.S. Government Guarantee: The U.S. Mint guarantees that Perfect 70 Gold Eagles contain 1 troy oz actual Gold weight. They each have a face value of $50.
  • Teddy Roosevelt Commissioned Design: The obverse, or front, mirrors Augustus Saint-Gaudens’ 1907 design of Lady Liberty, while the reverse, or back, features the famed eagle design by Miley Busiek.

 

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First Time Special Price On Perfect Proof Buffalos

 

Proof Perfect – Perfectly Priced! 2012-W 1 oz Gold Buffalo PF-70 NGC. Now $50 Off Each Coin

2012-W 1 oz Proof Gold Buffalo PF-70 NGC

For the first time in APMEX history, you can order the 2012-W 1 oz Proof Gold Buffalo PF-70 NGC and save $50 on each coin. In Perfect 70 condition and with a beautiful Proof finish, this is the latest release of one of the world’s most elite coins. Order today to take advantage of this discount for any quantity of coins purchased. While supplies last.

RARE AND HISTORIC GOLD BUFFALOS

The Gold Buffalo was America’s first 1 oz .9999 fine Gold coin and features the classic 1913 design that adorned the popular Buffalo Nickel coin in the early 1900s. With this offer, you get everything that makes the coin popular, and then some, for $50 less.

  • Famous design: The image on the obverse, or front, of this 1913 James Earle Fraser design features the profile of a Native American chief, believed to be a compilation of three different Native American chiefs. The buffalo image on the reverse, or back, was modeled on the famous Black Diamond, the largest buffalo in captivity at that time.
  • Perfect 70 grade from NGC: NGC, graded this coin a Perfect 70 – the highest grade possible on the Sheldon Grading Scale that runs from 1 to 70. The coin is encased in an NGC slab to guarantee and preserve its authenticity and condition.

Proof finish: The dies that struck these coins were specially polished to give the background a mirror like sheen. The raised devices exhibit a frosty, detail rich finish.

 

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2012 Silver Chinese Panda 1 oz – MS-70 NGC. Buy One Ounce Silver Chinese Pandas Online

You can own a perfect coin exactly as it left the mint: the 2012 Silver Chinese Panda 1 oz — MS-70 NGC (Early Releases). As a bullion coin, the Silver Chinese Panda coin is popular with investors. And in absolutely perfect MS-70 condition, you get the additional benefit of collector demand.

Only a very small percentage of the 2012 1 oz Silver Chinese Panda mintage has been graded MS-70. (MS-70 is the highest grade, or state of preservation, assigned by grading experts on a scale of 1 to 70). The Early Releases designation means that these coins had to be received by NGC within the first 30 days of coin’s release. They are very hard to find so order now. Each coin features:

  • Guaranteed Condition and Authenticity: Coins come in a protective NGC slab with labeling that guarantees authenticity and MS-70 condition
  • Unique 2012 design: This is the latest coin from the Silver Panda series that started in 1983, with a unique 2012 design on the reverse, or back, to increase collectible appeal
  • 1 Troy oz .999-fine Silver: The most popular size of all the Silver Pandas, with purity guaranteed by the Chinese government
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