Australian coins grading - Penny - 1911 to 1936 - George V
Coin dealers often use the term 8 pearls (or a lesser number) to describe the condition of the obverse of George V coins with a crowned effigy. The term refers to the 4 sets of double dots (or pearls) located across the band of the crown. The lower the condition of a coin, the less the number of visible 'pearls'. The band of the crown where the pearls are located is one of the high relief areas of the obverse and therefore one of the first areas to show wear.
F-12
Jewels in the band of the crown are nearly all visible, but still worn. The rest of the effigy begins to be little clearer. Distinct rim, all legends readable, clear illustrations showing some detail, but the whole coin is moderately, but evenly worn.
VF-20
Jewels on the band of the crown are visible, even if they aren't totally sharp. Clearly readable but lightly worn legends, illustrations show good detail, rims are clean, but the whole coin shows moderate wear on the high points and a little wear below.
EF-40
Legends are sharp, illustrations are clear with slight but obvious wear on the high points. The band of the crown is clear even if there's still some minor wear on it.
AU-50
Sharp legends and illustrations show only a trace of wear on the highest points. There must be some remaining mint luster.
MS-60 to MS-70
Coins of these grades are uncirculated. The only traces of wear on these coins come from the contact with each other during their production at the Mint. The difference between these grades is too small to be reproduced in pictures and images.
