1956 Melbourne Proof Set - Four coins - PCGS graded! Start Price AUD 1,100.00 Current Price AUD 1,100.00 Time Left - Bid Count 0 Buy It Now Price - Reserve Price - Start Time Sunday, July 20, 2008 End Time Wednesday, July 30, 2008 Location Sydney, NSW See more about '1956 Melbourne Proof Set - Four coins - PCGS graded!' Description      ABOUT US | CONTACT US  ABN: 39 350 059 304 .   This set is PCGS graded.   COIN TYPE Australia, 1956 Melbourne Proof set COMMENTS All coins PCGS graded. Attractive set. GRADE Florin: PCGS PR65 Shilling: PCGS PR64 Sixpence: PCGS PR65 Threepence: PCGS PR65 (Scroll down for information about PCGS) All coins are subject to prior sale on my website. Interest free lay-by is now available. I accept PayPal from international bidders with fifty or more feedback only. Thanks for your interest.     WHAT IS PCGS? The Professional Coin Grading Service (PCGS) is an independent and experienced grading company that provides grading assessments based on strictly-defined grading standards and the experience of at least two full-time coin graders. The company has been grading coins for over twenty years, and has built a reputation on conservative grading consistency. Overgrading is a huge problem on Ebay, and because PCGS-certified coins are graded and authenticated independently of the seller, buyers can assess a coin’s value with more confidence.   WHY BUY PCGS GRADED COINS? Ever bought a coin in one grade, only to be told by a professional that it was overgraded, and that it's only worth half of what you paid? By buying PCGS graded coins, you know that the grade assessment was provided by at least two full-time coin graders who have the experience and know-how to assess the grades of your coins. More importantly, these graders aren't trying to sell you the coin. This means they have no incentive to deceptively overgrade them! Better still, PCGS doesn't grade harshly cleaned coins, so you know a PCGS graded coin is in original condition. On top of that, PCGS also authenticates coins, so if you see a 1923 halfpenny on Ebay graded by PCGS, rest easy that the coin is as genuine as any you'd find in a dealer's shop window.   WHAT GRADING SYSTEM DOES PCGS USE? PCGS uses the Numerical Grading System. The Numerical Grading System is a modern grading system based on numbers instead of words. The higher the number, the higher the coin’s grade. Seventy is the highest grade. One is the lowest grade. Grading with numbers does away with deceptive, misleading, and confusing adjectival (word-based) grading.   However, before buying a PCGS graded coin, it is important to understand how the Numerical Grading System compares to the Australian adjectival system, as the standards aren't the same. You see, it's a common misconception that VF20 is the same as Very Fine, EF40 is the same as Extremely Fine, and AU50 is the same as about Uncirculated, and so on. This is not true. For technical reasons, grades are defined differently under the Numerical System, meaning that a coin graded EF40 shares the same characteristics as a coin graded Very Fine or thereabouts, and a coin in AU50 is more like what we call Extremely Fine or thereabouts. This doesn't mean the Numerical Grading System is lax, or that PCGS doesn't know how to grade. It means that the Numerical Grading System, and PCGS, grade by different grading standards. Calling EF40 the same as Extremely Fine is like saying ten meters is the same as ten yards, just because the number is the same!   To your left is a diagram showing how the current grading system and the Numerical Grading System compare. I've used the blending colours to show that this comparison isn't exact, and that there can be sliding up or down a grade based on the series or type of coin you're looking at.   Your average UNC would usually make MS62, while UNC coins with a few marks and scuffs might make MS60 or MS61. In MS63 or 64, you'd be looking at around CHU, while anything in 65 or 66 would easily make Gem UNC under the current system.   HOW CAN I TELL IF A COIN HAS BEEN GRADED BY PCGS?Once a coin has been graded, it is thermally sealed into a chemically non-reactive and durable case. Sealed along with it is the coin's grading certificate, as well as a barcode number which you can use on the PCGS website to see the coin's details. Once the coin is sealed in, you can't change the certificate or damage the coin. More importantly, the holder will preserve the coin and is great for long-term storage. The popular cardboard holders and soft PVC albums damage coins in the long term.   On your right is an example of what a typical PCGS holder looks like. All the important features of the coin are printed on the certificate, as well as the traceable barcode number. There is a security hologram on the back of the holder for added protection.   THE VERDICT? Imagine for a moment if every quality coin on Ebay and on the market was graded and certified by PCGS. One night, you're browsing Ebay, and you see listed a 1923 halfpenny graded PCGS VF30. It's in a holder, so you know it's genuine. You also know that it hasn't been harshly cleaned, and it's in original condition. More importantly, because the coin was graded by PCGS, you know it's just as good as the 1923 halfpenny you saw in the window of your local coin shop last week. That one was graded VF30 by PCGS too, and they were selling it for $1950. Knowing that, how much do you bid?   Buying and selling coins has never been easier!   Place a Bid!