The process of submitting numismatic items to a professional grading service for authentication and evaluation is a key aspect of coin collecting. The outcome provides a standardized assessment of a coin’s condition and genuineness, typically resulting in encapsulation within a protective holder. This independent evaluation can significantly impact the coin’s market value and desirability among collectors. For example, a Morgan Silver Dollar graded MS65 (Mint State 65) by a reputable service will command a significantly higher price than the same coin in raw, ungraded condition.
Independent grading offers several benefits. It reduces subjectivity in assessing a coin’s condition, providing a consistent and reliable benchmark for both buyers and sellers. This standardization fosters trust and transparency within the numismatic marketplace. Furthermore, authentication by a respected grading service minimizes the risk of acquiring counterfeit or altered coins. Historically, the establishment of third-party grading services revolutionized the coin collecting hobby by providing a level of assurance previously unavailable.