Editing Coin grading (section)

=== Early grading systems ===
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The quality of all coins is not equal and collectors felt the necessity of defining the quality of the coins in order to assess their value. Rim damage, nicks, polishing, cleaning, scratches and other forms of wear are considered factors in grading a coin. Whether or not a coin shows evidence of having been mounted in jewelry also affects its grade.

In the early years of coin collecting, three general terms were used to grade coins:

* good - when circulation had worn the surface of the coin, but major details were still visible.
* fine - when features were less worn and a bit of mint luster showed on the surface. Most major and minor detail visible
* uncirculated - when the features of the coin were sharp and the luster approaching the state of a new coin at the mint.