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Coins are graded by few systems and depends on coin wear. Dr. William H. Shelton devised one term. "Uncirculated" is interchangeable with "Mint State" (MS) for a coin that has never seen circulation. Grading runs from About Good (AG-3) to MS-70 (Perfect Uncirculated). Your coin is graded Uncirculated while MS-65 is Choice Uncirculated.

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