Coin Grading Australian 2000 One Dollar / Ten Cents Mule Coi

A useful array of professionally graded mules for your consideration. Many thanks to Peter Andrews for his great pics and estimated conversions to Australian grades. The coins were graded at PCGS and run from AU50 to MS63 (see further down the page for grading references).
Thank you to Eric Eigner from Drake Sterling Numismatics for adding an AU58 to the gallery. You may have noticed that PCGS has referred to the coins as being "stuck" on the slabs. Eric has since contacted PCGS, pointed out that it should be "struck" - they will produce Mule coin slabs correctly from now on. Got to add a few bucks if you have an incorrect "stuck" example - BONUS Eric!

AU53

AU58

MS63

Peter's Conversions:
AU50 - gVF -$750 (more if prettier)
AU53 - aEF - EF $1250
AU55 - EF+ $2250 - $2500
AU58 - aUNC $4000
MS62 - Low end UNC - $6000 (more if exceptionally pretty)
MS63 - Nicer UNC $8000 (more if exceptionally pretty)

This is the Grading system used by professional coin grading companies. It is called the Sheldon System and provides a more accurate description. Many rare Australian coins are sent to companies like PCGS in the USA, returning with a grade from this system.

Poor - 1 A coin in this condition can just be identified; its date and detail may be completely worn, the coin is usually has a smooth flat surface.
Fair - 2 A coin in fair condition may have the date and half the major detail faintly recognisable, mostly a smooth, flat coin.
Good (G-4) This coin will be heavily worn, its major detail weak. The main designs will be recognisable.
Very Good (VG-8) Most of the major detail visible but heavily worn.
Fine (F-12) Finer Detail is visible though worn heavily, major detail apparent.
Very Fine (VF-20) A coin in this condition should have a moderate even wear and all major features should be visible.
Extremely Fine (XF-40) This coin should have traces of mint lustre. There should be slight wear on the high points of many designs.
About Un-circulated (AU-50) Mint lustre will be evident. There will be faint traces of wear in the highest points. All other high points should be clearly visible, while showing no wear in the design on the lower areas.
Mint State (MS-60) Completely un-circulated condition. Excellent lustre – though it may not be evident across all fields. The coin may have a few marks, a natural result from minting and transportation.
Mint State (MS-65) Full mint lustre on all of the coin’s surfaces. No detracting marks at all.
Mint State (MS-70) Perfect!

Basic Coin Grading scale:

Gem Uncirculated - Full mint lustre, virtually flawless strike, any detracting marks are insignificant, great eye appeal & beautiful fields.

UNC -Uncirculated - Good eye appeal, no significant detracting marks, may have some insignificant bagging, good strike and should have lustre present. No damage to the rim.

EF - Extra Fine - Lightly worn on the high points only. Usually has been withdrawn from circulation early. Still has some lustre and should have very good eye appeal. Insignificant rim marks only.

VF - Very Fine - Has obvious wear to the high points of the coin through considerable circulation. Rim shows some light damage / marks. The coin pattern should still be crisp and most importantly, the coin should look good to the eye. Traces of lustre present.

F - Fine - Well circulated coin with extensive wear on the design. Average at best.

VG - Very Good - You can just make out the date and design, nearly all other pattern detail is gone.