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Circulated Standards

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AU-58:Choice About Uncirculated
Wear:
There will be a slight wear on the highest points of the coin. In some cases, 5X magnification is needed to notice this wear, and sometimes it can be noticed by slowly tilting in the coin in the light source. This method often may show the slight friction as discoloration. Very often, the obverse will have slight friction and the reverse will be full Mint State ( often Ms-63 or higher).
Marks:
There are usually very few marks for this grade. Instead of marks, the principal detraction on the typical AU-58 coin are rub or hairlines. The few marks should not be major or in prime focal areas. A coin that would grade Au-58 from a wear standpoint, but has numerous marks, would be graded Au-55 or lower. 
Strike:
Strike can range from below average to full. Note: A very weak strike would be downgraded to Au-55 or lower. 
Luster:
The luster can range from poor to full. There will be noticeable breaks in the luster on the high points. These areas will be visible to the unaided eye., but should be less than 10 percent of the surface area. 
Eye Appeal:
The eye appeal is usually very good.. Since the marks are usually very minor, the eye appeal will be determined mainly by strike, luster, and originality. Many AU-58 coins are lightly cleaned or dipped uncirculated coins that are no longer considered uncirculated because of the light cleaning or rubbing that is now present. These coins can be just as attractive as coins that are graded AU-58 because of slight circulation--and sometimes even more so. Often these coins will have fewer marks than low grade uncirculated coins. 

au-58.jpg (27276 bytes)

AU-55:Choice About Uncirculated
Wear:
There will be slight wear on the high point and some friction in the fields. The reverse will now usually show wear similar to that one the obverse. In a few instances (coins stored face up that have acquired friction), the reverse will still be uncirculated. 
Marks:
There usually will be several minor marks/hairlines and a couple of major ones. These should be scattered between the devices and fields, with nothing too severe on the prime focal areas. 
Strike:
The strike will range from slightly weak to full. 
Luster:
The luster can range from poor to full, although the areas of wear will not show full luster. There will be breaks in the luster covering 10 to 25 percent of the surface.
Eye Appeal:
The eye appeal is usually good. The main criteria will be surface preservation, lack of and placement of marks/hairlines, the luster remaining, and originality. 

au-55.jpg (29729 bytes)

AU-53: About Uncirculated
Wear:
There will be obvious wear on the high points. Friction will cover 50 to 75 percent of the fields. 
Marks:
There usually will be several minor and major marks/hairlines. These will be scattered, or there can be small concentrated areas of them, including the prime focal areas.
Strike:
The strike will range from weak to full. 
Luster:
The luster can range from poor to full; however, rubbed areas will not exhibit as much luster as the protected areas. There will be noticeable breaks in the luster over one-half to three-fourths of the coin. 
Eye Appeal:
The eye appeal now is a function of surface preservation, lack of and placement of marks/hairlines, the luster remaining, and originality. 

au-53.jpg (30769 bytes)

AU-50:Choice About Uncirculated
Wear:
Wear is evident. There can be friction in the fields, ranging from half to all of the unprotected areas. The high point will have wear that is very obvious to unaided eye. 
Marks:
There may be many marks/hairlines. However, may minor marks/hairlines will be worn away, as much of the original surface shows wear. 
Strike:
The strike will range from weak to full. 
Luster:
The luster can range from poor to full. Fifty to 100 percent of the surface may have luster disturbance. In some cases, the only luster remaining will be around protected devices. 
Eye Appeal:
The eye appeal is now a function of surface preservation, lack of and placement of marks/hairlines, the luster remaining, and originality. 

NOTE: COINS THAT GRADE EF/PR-45 AND BELOW ARE GRADED ESSENTIALLY THE SAME FOR REGULAR AND PROOF STRIKES. THEREFORE, FROM HERE ON, THE CRITERIA WILL BE THE SAME FOR BOTH, WITH EXCEPTIONS NOTED. 

au-50.jpg (34412 bytes)

EF-45:Choice Extremely Fine
Wear:
The amount of weak will be noticeable, with all details still sharp and clear and definition between individual parts of the devices. Approximately 95 percent of the original major detail is still evident.
Marks:
There may be a couple of very minor marks.
Luster:
There can be some luster in the devices. Sometimes there can be considerable luster in the fields. However, if there are no luster present, a coin still can grade EF-45 if the detail is exceptional.
Strike:
The strike will range from below average to full. For weakly struck coins that show ear consistent with EF-45, the grade would probably be EF-40 or lower.
Eye Appeal:
The eye appeal will be determined by the cleanness of surface, lack of or placement of marks, and originality. 

ef-45.jpg (35462 bytes)

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