Proof: A
specially made coin distinguished by sharpness of detail and usually
with a brilliant mirror-like surface. Proof refers to the method of
manufacture and is not a condition, but normally the term implies
perfect mint state unless otherwise noted and graded as below.
Mint State: The
terms MintState (MS) and Uncirculated (Unc.) are interchangeably used
to describe coins showing no trace of wear. Such coins may vary to
some degree because of blemishes, toning or slight imperfections as
described in the following subdivisions.
Perfect Uncirculated
(MS-70): Perfect new condition, showing no trace
of wear. The finest quality possible, with no evidence of scratches,
handling, or contact with other coins. Very few regular issue coins
are ever found in this condition.
Choice Uncirculated
(MS-65): An above average Uncirculated coin which
may be brilliant or lightly toned and has very few contact marks on
the surface or rim. MS-67 through MS-62 indicate a slightly higher
or lower grade of preservation.
Uncirculated (MS-60):
Has no trace of wear, but may show a number of contact marks, and
surface may be spotted or lack some luster.
Choice About Uncirculated
(AU-55): Barest evidence of light wear on only
the highest points of the design. Most of the mint luster remains.
About Uncirculated (AU-50):
Has traces of light wear on many of the high points.
At least half of the mint luster is still present.
Choice Extremely Fine
(EF-45): Light overall wear shows on highest points.
All design details are very sharp. Some of the mint luster is evident.
Extremely Fine (EF-40):
Design is lightly worn throughout, but all features
are sharp and well defined. Traces of luster may show.
Choice Very Fine (VF-30):
Light even wear on the surface and highest parts of
the design. All lettering and major features are sharp.
Very Fine (VF-20):
A moderate amount of wear on the highest points of
the design. All major details are clear.
Fine (F-12): Moderate
to considerable even wear. The entire design is bold with an overall
pleasing appearance.
Very Good (VG-8):
Well worn with main features clear and bold although
rather flat.
Good (G-4): Heavily
worn with the design visible but faint in areas. Many details are
flat.
About Good (AG-3):
Very heavily worn with portions of lettering, date,
and legends worn smooth. The date may be barely readable.
