Silver coins are graded based on their physical condition. Generally, coins can be classified into two distinct categories: circulated and un-circulated. The American Numismatics Association (ANA) recognizes 11 different grades for circulated coins, ranging from AG-3 at the bottom of the scale to AU-58 at the top.

MS-70 - This is the highest value for any coin- Mint State Perfect Un-circulated. You would not find a coin like this in circulation.

MS-60 - Un-circulated 

AU-50 - About Un-circulated

EF-40 - Extremely Fine

VF-20 - Very Fine  Sometimes you will see a + sign front of  it, meaning “greater than”  like this, +VF-20

VG-8 - Very Good

G-4 - Good

AG-3 - About Good - This is like junk silver coins.
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