How to Spot Rare Errors on What do you think about a Lincoln struck on a silver coin going forward
July 26, 2026Is a Lincoln Cent Struck on a Silver Planchet Real? How to Spot a Fake and Verify This Rare Error Variety
July 26, 2026Condition is everything. I always tell folks to start by looking at the high points and fields to determine the true grade of a piece. When you submit a coin to PCGS or NGC, you’re placing your trust—and often your profit margin—into a system that evaluates every facet of a coin’s preservation. But as many collectors and dealers have noted recently, the submission pipeline for PCGS Regular Service has grown increasingly sluggish, with some orders languishing for months before they even reach the grading table. Understanding what happens during that wait, and what graders are actually looking for when they hold your coin under the light, can help you appreciate why the process matters—and why the difference between a $10 coin and a $1,000 coin is almost always a matter of the grading breakdown.
In my years of examining coins professionally, I’ve come to realize that grading is as much art as it is science. The submission times test our patience, but the methodology behind every grade is what ultimately determines a coin’s market value, its place in a registry set, and its legacy among collectors. Let me walk you through exactly what happens inside that opaque process—and why those extra weeks or months in “Order Entry” or “Quality Checks” might actually be a sign that your coin is receiving the careful attention it deserves.
Understanding the PCGS Grading Scale: Why Every Point Matters
The Professional Coin Grading Service uses the Sheldon Scale, a 70-point numerical system ranging from Poor (PO-1) to Perfect Mint State (MS-70). What many collectors don’t realize is that the difference between, say, an MS-63 and an MS-65 isn’t merely cosmetic—it represents a fundamental shift in eye appeal, market premium, and numismatic value retention. Finding a coin in true mint condition at MS-65 versus MS-63 changes everything for its collectibility.
When I receive a coin for grading, I’m evaluating it against a precise set of criteria refined over decades. Here is what I’m looking for:
- Strike Quality: How fully the design was impressed into the blank during minting. A weakly struck coin will never achieve a top-tier grade, regardless of how pristine its surface preservation is.
- Surface Preservation: The absence of abrasions, nicks, scratches, and environmental damage—particularly on the fields and high points of the design.
- Luster: The natural reflective quality of the coin’s surface, which is one of the most difficult attributes to grade consistently and the one that most heavily influences eye appeal.
- Color and Tone: For copper and silver coins, the natural patina and toning can either enhance or detract from the grade, depending on its uniformity and attractiveness.
- Eye Appeal: The intangible “wow factor” that separates a coin that looks good in a holder from one that looks exceptional.
The PCGS Regular Service submission delays collectors have been reporting—some orders sitting in “Order Entry” for over a month, others in “Quality Checks” for weeks—mean your coin is likely moving through this evaluation pipeline in a queue that has grown substantially. The 2026 submission wave, particularly around commemorative issues and high-demand dates, has created bottlenecks that make even experienced submitters feel the squeeze.
Wear Patterns: Reading the High Points Like a Map
When I examine a coin for grading, the first thing I do is study the wear patterns. Wear is the great equalizer—it tells the story of how a coin has lived its life, from the moment it left the mint to the moment it lands on your desk. For circulated coins, the high points of the design are where wear first becomes visible, and these are the areas I scrutinize most carefully.
For example,
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