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July 24, 2009, Newsletter Issue #179: Making The Grade In Foreign Coins
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Tip of the Week
If you’re trying to decipher the differences in grading in foreign coins, there is something you should know – as a general rule, world coin collectors do not place as much importance on the specific quality of a coin as a US coin collector. For instance, go to Germany and you’ll find coin collectors there might be more interested in collecting a wide variety of coins rather than an uncirculated coin versus a circulated coin.
The grading system for foreign coins differs as well, making it difficult to compare apples to apples. For instance, while the US coin grading system classifies an Extremely Fine coin as one which shows light wear on the high points and some luster, the European grading system has a different definition. The equivalent category to Extremely Fine would be Vorzuglich, where the coin must have strong, full luster and traces of wear on the high points.
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