There is more to coin collecting than just keeping coins. There is something at stake for those who make an effort to know what they are collecting: the Coin Collectors Merit Badge.
A person who wants to acquire a merit badge must prove himself to be someone who knows a lot about coins.
Here are some of the things that a coin collector must know in order to earn the Merit Badge.
1. The Grading Scale
Merit badge aspirers must be very knowledgeable about the different grades of coins. They must master how to assess coins and categorize each coin as:
– Poor – Fair – Good – Very good – Fine – Very fine – Extremely fine – Uncirculated.
They must also present five examples for each of the categories given above.
2. Coin Terminologies
Coin collectors must familiarize themselves to coin terms such as encapsulated coins, proof coins or legal tender to get the merit badge. They must be able to determine if coins are buzzed or whizzed.
They must also show competency in explaining the following:
– Clad – Date set – Observe – Reading –...
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