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The Sheldon Scale is a 70-point scale for grading coins, developed by Dr. William Sheldon in 1949. A slightly modified form of the Sheldon Scale has become the de facto standard for grading U.S. coins today, and is used by the major third party grading services when assigning a grade to a coin. The adjectival grading system was the predecessor to today's 70-point grading scale, and the adjectival terms are still used to help clarify the numeric equivalent.
Poor-1 or P-1 (Poor)
The type of coin is barely discernible, but little else, due to the coin being badly damaged or worn smooth.
Fair-2 or FR-2 (Fair)
Type and date are barely discernible, but otherwise the coin is damaged or extremely worn.
AG-3 (About Good)
Type and date are discernible, although some spots may be worn out. Some lettering should be apparent, if not necessarily readable.
G-4 (Good)
Major devices and features are evident as outlines. although the coin overall is heavily worn.
G-6 (Good-plus)
Coin has a full rim plus major devices and features are clearly outlined. Heavy wear.
VG-8 (Very Good)
Full rim with clearly discernible devices and features. Most legends are readable clearly, but the whole coin is still significantly worn.
F-12 (Fine)
Distinct rim, all legends readable, clear devices showing some detail, but the whole coin is moderately, but evenly worn.
VF-20 (Very Fine)
Clearly readable but lightly worn legends, devices show good detail, rims are clean, but the whole coin shows moderate wear on the high points and a little wear below.
VF-30 (Good Very Fine)
Legends are clear, devices show all detail with little wear; high points are lightly worn.
EF-40 or XF-40 (Extremely Fine)
Legends are sharp, devices are clear with slight but obvious wear on the high points.
EF-45 or XF-45 (Choice Extremely Fine)
Legends and devices are clear and sharp, with slight wear on the high points, and great eye appeal.
AU-50 (About Uncirculated)
Sharp legends and devices show only a trace of wear on the highest points. There must be some remaining mint luster.
AU-55 (Good About Uncirculated)
Sharp legends and devices show only a hint of wear on the high points. Remaining mint luster must be at least half; great eye appeal.
AU-58 (Choice About Uncirculated)
Virtually uncirculated, except for minor wear marks on high points. Nearly all mint luster must be present, and must have outstanding eye appeal.
MS-60 to MS-70 (Mint State Basal)
Coins in this grade show no signs of wear from circulation, but they are ugly, dinged-up, bag-marked, ill-toned specimens, but they are in mint condition and free of any wear!
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