$20 Liberty Gold Coins MS 62

$20 Liberty Gold Coins MS 62

Grade Definition

MS 62 is the contraction for the denotation "Mint State Grade 62". The grading system used today was developed by Dr. William Herbert Sheldon in 1949 to more accurately describe the condition of a coin. A coin is MS 62 is an "Uncirculated" coin but is not near perfect. A perfect coin would receive a grade of 70, however, when we look at soft gold coins that are 100 years old or older, grades of 66 or 67 are usually the highest assigned. Therefore, $20 Liberty gold coins in MS 62 can be very desirable, even though they exhibit flaws discernible to the naked eye.

Specifics of the Grade

On a $20 gold Liberty coin graded MS 62, there may be noticeable flaws from the U.S. Mint, such as a weak strike, flaws in the metal, or perhaps less sharp details caused by a worn die in the striking process. These flaws are less noticeable to the naked eye, however they may be accompanied by scratches or scuff marks in the most prominent designs of the coin, and / or there may be nicking or denting of the outside rim of the coin.