(a.)
To help both the new collector and those who have been around for a while better understand coins and how a coin is graded, one must be ready to spend hours and hours of reading, observing photos, and studying actual graded coins to train their eyes in the observation of a coin. While there is no formal schooling in becoming a numismatologist, many of the experts have simply spent years in the study of numismatics and working an apprenticeship through one of the many third party grading companies.
I myself have collected for years and have found that only through the use of quality photo services provided by the grading companies (which unfortunately is not free) and also through research of graded and encapsulated coins already in my collection, one can train their eyes to spot what to look for in a raw coin before purchasing it. I have found that through the purchase of graded and encapsulated coins of the same variety but different grades, you can clearly see the slight nuances that determine the coins grade. One can purchase cheaper graded US Modern coins to help build a reference library for research and study.
There are many books available that discuss grading and also provide photos or black and white pictures of the same coin in various grades. While these can be used as a quick reference, it is still only through the study of what to look for in a specific variety that builds ones knowledge. It would be beneficial for those who collect a specific coin to try and learn all there is regarding your area of interest. Every variety of coin has specific points of interest to observe in determining a grade. It could be the coat and neckline, the head, the face and even the beard on a Lincoln cent. How much wear is there on the wheat stalks of the "wheat cents". These are just some of the basic areas to look at in the Lincoln cents.
As one can see, each variety has it's own specific characteristics that determine the grade whether it is a Morgan dollar, St Gaudens or simply a Lincoln cent. It involves not only the strike, the luster, and eye appeal but also involves knowing what wear points to observe, what is considered normal wear and what makes a coin a MS versus one that is AU, EF, VF or even a simple Fine.
The ability to learn how to determine a coins grade is not a complicated process. If one truly loves the hobby of coin collecting or plans on starting their own business in Numismatics, grading is a practice that simply takes time and study, time and study.
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(b.)
Just as any other field or hobby, the more one learns the greater their enjoyment and their ability to build a great collection of their own. Remember this, even the third party grading services employ new technology to grade coins, they use the same photos of various grades for comparison when grading coins. No one person can simply after a quick look at a coin and say "yes this is a mint strike 64 when it could be a 68 to another grader. They may have this ability if they only work with one or two varieties and they know all there is to know. Only through many years of grading coins can someone come to a quick judgment and even then, is it truly what they think it is. If it were that easy, then there would be no need for the major grading companies to possess a large photo library of previously graded coins for reference.
Here is a simple method to help one develop the ability to train their eyes. If one was to place a Proof 70 next to a Proof 69 of the identical variety of coin (it does not have to be an expensive one either) after comparing the "field" on the two coins, you will suddenly spot the difference, the field would be smooth with no distortion at all while the PR69 will show slight ripples or some distortion. Try this yourself. Have some one place the coins side by side and cover up the top of the slab so you only see the coin.
Then see if you can pick out the 70. You will be amazed at how easy this becomes after a while. If you have even more of the same variety in different grades, all the better. If you feel you have mastered this, try it with a Mint Strike 70 and 69. They are not as easy as a Proof coin, but you will soon see that even mint strikes have their own characteristics.
Remember this, it is your eyes that need to be trained as well as your brain. You can read and read but without examination through the use of your eyes, you will only know half of what one needs to know regarding grading. If you take the time to understand the process and train as an athlete would for a marathon, you will find out later that you develop "the eyes" to spot that perfect coin and perhaps prevent yourself from buying a coin that later on you regret purchasing.
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