By CoinWeek Notes…
The designation MS62 is a specific grade used by professional coin grading services, such as CAC, NGC, and PCGS, to describe the condition of a coin. It falls within the Mint State (MS) category, which signifies that the coin has never been in circulation and retains its original surface luster.
What MS62 Means
The Mint State scale ranges from MS60 to MS70, with MS70 being a “Perfect” coin. An MS62 grade indicates a coin that is uncirculated but exhibits moderate detracting flaws.
- “MS” (Mint State): The coin was never used in commerce. The coin’s design details are in approximately the same condition as they were when they left the mint, though the coin has likely acquired marks or imperfections during the minting process or while being handled before circulation.
- “62” (Numeric Grade): This number places the coin as an above-average Uncirculated piece, but not a high-end collector example.
Key Characteristics of an MS62 Coin
An MS62 coin will typically display the following characteristics:
- Full Original Luster: The coin retains its complete original mint luster, though it may be slightly impaired or muted.
- Moderate Marks and Abrasion: The coin will show numerous small, distracting contact marks (bag marks) or surface abrasions, often resulting from being tossed in bags with other coins. These marks are more noticeable than those found on an MS63 or MS64 coin.
- Prominent Flaws: There may be one or two noticeable, significant flaws or scuff marks that detract from the overall eye appeal, though not severe enough to drop the grade below MS60.
- Strike Quality: The strike can range from average to full, but the grade focuses more on the preservation of the surfaces.
In the market, MS62 coins often represent a pop choice for budget-minded collectors seeking an attractive uncirculated example without paying the premium associated with the “choice” or “gem” grades (MS63, MS65 and higher).
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