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Coin grading

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2036: 2277: 1338: 460: 44: 1322:(PNG), a US association of rare coin dealers, released the results of a survey of major coin dealers who gave their professional opinions about 11 certification services. PCGS and NGC were rated "Superior" overall, with ANACS and ICG deemed "Good". PCI and SEGS were listed as "Poor", while called "Unacceptable" were Accugrade (ACG), Numistrust Corporation (NTC), Hallmark Coin Grading Service (HCGS), American Coin Club Grading Service (ACCGS), and Star Grading Services (SGS). 626: 2287: 472: 735: 522: 1325:
Counterfeit NGC and PCGS holders have been reported, but significant measures have been taken by both services to remedy the problem, such as NGC's use of photographic verification for every coin certified and both services' employment of serial number verification and anti-counterfeiting features in
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At each of the four main grading companies, a similar process is used. Each coin is graded (on a verbal and 1 to 70 numerical scale) and authenticated by two or more graders, and then assigned a final grade by a finalizer, based in part upon the recommendations of the prior graders. Depending on the
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is the process of determining the grade or condition of a coin, one of the key factors in determining its collectible value. A coin's grade is generally determined by six criteria: strike, preservation, luster, color, attractiveness, and occasionally the country/state in which it was minted. Several
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As the collector market for coins grew rapidly in the late 19th and early 20th centuries, it became apparent that a more precise grading standard was needed. Some coins were simply more fine than others, and some uncirculated coins showed more luster and far fewer marks than others. Terms like "gem
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The quality of all coins is not equal and collectors felt the necessity of defining the quality of the coins in order to assess their value. Rim damage, nicks, polishing, cleaning, scratches and other forms of wear are considered factors in grading a coin. Whether or not a coin shows evidence of
1303:(ANACS) are the most popular services. These are the only services whose coins have a special section on eBay, the largest rare coin marketplace. All four firms guarantee the grades and authenticity of their certified coins. Together they have certified over 80 million coins. 646:
A "grade" measures a coin's appearance. There are generally five main components which determine a coin's grade: strike, surface preservation, luster, coloration and eye appeal. Grading is subjective and even experts can disagree about the grade of a given coin.
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Coin certification services emerged in the 1980s as a response to the need for buyers and sellers to agree on grading. For tiered fees, certification services grade, authenticate, attribute, and encapsulate coins in clear, plastic holders.
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U.S. coin grading has evolved over the years to a system of finer and finer grade distinctions. Originally, there were only two grades, new and used. This changed to the letter grading system beginning with the lowest grade –
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and returned to the customer. In 2010, PCGS and NGC introduced "Plus" grading for high-end coins graded XF45 to MS68. A plus symbol (+) is added after the grade.
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uncirculated" and "very fine" began to see use, as more precise grading descriptions allowed for more precise pricing for the booming collector market.
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European countries use various, roughly equivalent, grading systems. The main features of their systems are presented in the following table:
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uncirculated - when the features of the coin were sharp and the luster approaching the state of a new coin at the mint.
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fine - when features were less worn and a bit of mint luster showed on the surface. Most major and minor detail visible
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was roughly equivalent in usage to BU at that time. Numerical grades from 1 to 70 now accompany the verbal grades.
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attempted to standardize coin grading by proposing what is now known as the Sheldon Scale, as is detailed below.
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level of detail retained, where a coin with full details obviously is valued higher than one with worn details.
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grading systems have been developed. Certification services professionally grade coins for tiered fees.
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If the coin is judged favorably in all of these criteria, it will generally be awarded a higher grade.
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As the hobby of numismatics evolved, the need arose for a more concrete grading system. In 1978, the
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good - when circulation had worn the surface of the coin, but major details were still visible.
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In the early years of coin collecting, three general terms were used to grade coins:
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company, various descriptors may be added, such as Full Bands for Mercury dimes,
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unsightly scratches or other blemishes on the surface of the coin;
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Process of determining a collectible coins' visual state
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having been mounted in jewelry also affects its grade.
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Official A.N.A. Grading System for United States Coins
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American Numismatic Association Certification Service
1333: 1251:"eye appeal" or the aesthetic interest of the coin; 1771:. Professional Numismatists Guild. Archived from 1705:. Austin Gold Information Network. Archived from 1639: 1500: 1498: 1496: 1494: 1492: 1242: 2302: 1819:"NGC Confirms Counterfeit Replica Coin Holders" 1653:. Slater Numismatics, LLC. 2008. Archived from 1489: 1891: 1564: 1562: 1560: 1473: 1471: 1469: 1467: 1465: 1247:The following factors affect a coin's grade: 497: 2026:VAM (Morgan and Peace dollar die varieties) 1747:"NGC: Launches Plus Designation | NGC" 1299:(NGC), Independent Coin Graders (ICG), and 1898: 1884: 1557: 1462: 835: 504: 490: 1279: 805: 775:Learn how and when to remove this message 606:Learn how and when to remove this message 2152:International Coin Certification Service 724: 624: 1593: 1530: 1528: 1526: 2303: 1442: 542:Please improve this article by adding 2208:Standard Catalog of World Paper Money 1879: 1617: 1615: 1445:"The Five Components of Coin Grading" 1159:American Numismatic Association scale 1623:"How United States Coins are Graded" 1523: 1409: 1407: 757:adding citations to reliable sources 728: 515: 1905: 1413: 13: 1703:"The History of Rare Coin Grading" 1612: 14: 2327: 2162:Professional Coin Grading Service 1839: 1404: 1293:Professional Coin Grading service 1029:Extremely Fine (EF-40, or XF-40) 635:Professional Coin Grading Service 2285: 2275: 2260:Coin shows in the United States 2203:Replacement banknote (star note) 2147:Certified Acceptance Corporation 2034: 1336: 820:In 1948, well-known numismatist 733: 520: 470: 458: 42: 1811: 1786: 1757: 1739: 1721: 1695: 1669: 1320:Professional Numismatists Guild 1297:Numismatic Guaranty Corporation 1165:American Numismatic Association 1079:UNZ− (Fast unzirkuliert) 826:Sheldon's 1 to 70 grading scale 744:needs additional citations for 1587: 1436: 1243:Factors affecting a coin grade 1: 2234:List of metal detecting finds 1398: 893: 888: 883: 878: 873: 868: 863: 856: 853: 850: 544:secondary or tertiary sources 2244:List of most expensive coins 1800:. Coin Week. 13 January 2014 1594:Sheldon, William H. (1990). 7: 2157:Numismatic Guaranty Company 1679:. About.com. Archived from 1329: 1061:About Uncirculated (AU-50) 641: 10: 2332: 2066:Sheldon coin grading scale 1283: 812:Sheldon coin grading scale 809: 719: 650: 2272: 2252: 2216: 2170: 2132: 2125: 2079: 2043: 2032: 1913: 1125:Mint State (MS-65 to 70) 1093:Mint State (MS-60 to 64) 951:SGE (Sehr gut erhalten) 2224:List of coin collectors 2188:Greenback (1860s money) 1542:. ANACS. Archived from 845:European Grading System 836:European grading system 828:, included in his book 822:William Herbert Sheldon 664:(PO)), then continuing 384:Commemorative banknotes 2282:Numismatics portal 2061:Paper currency grading 1372:Paper currency grading 1280:Certification services 1076:MSPL (MoltoSplendido) 806:Sheldon grading system 710:Brilliant Uncirculated 638: 531:relies excessively on 465:Numismatics portal 103:Circulating currencies 1443:Winter, Doug (2001). 1006:TTB (Très Très Beau) 725:Early grading systems 628: 195:Historical currencies 36:the study of currency 1657:on 27 September 2009 1647:"History of Grading" 1598:. Sanford S. Durst. 1152:FDC (Flor de Cunho) 1143:STGL (Stempelglanz) 1140:FDC (Fior di Conio) 1134:FDC (Fleur de Coin) 1117:FDC (Fleur de Coin) 753:improve this article 166:Fictional currencies 2198:Paper money catalog 2071:Third-party grading 1951:Coin counterfeiting 1709:on 6 September 2009 1683:on 16 November 2007 1512:. pcgscoinfacts.com 1286:Third Party Grading 1223:may be rendered as 1128:100% + full luster 1111:UNZ (Unzirkuliert) 847: 353:Commemorative coins 264:Medieval currencies 173:Proposed currencies 2229:List of currencies 1971:Commemorative coin 1961:Coin rolling scams 1729:"Gold Shield Page" 1357:Cleaning (coinage) 1344:Numismatics portal 1177:About Uncirculated 1064:95% + some luster 997:Very Fine (VF-20) 919:GE (Gut erhalten) 843: 702:About Uncirculated 639: 629:A Canadian silver 2298: 2297: 2268: 2267: 1976:Euro starter kits 1956:Coin roll hunting 1931:Circulation issue 1510:pcgscoinfacts.com 1506:"PCGS Coin Facts" 1425:. coingrading.com 1254:dents on the rim; 1156: 1155: 980:MB (Molto Bello) 933:Very Good (VG-8) 854:Design remaining 785: 784: 777: 616: 615: 608: 590: 514: 513: 2323: 2292:Money portal 2290: 2289: 2288: 2280: 2279: 2278: 2130: 2129: 2038: 1996:Mint-made errors 1986:History of coins 1941:Coin base weight 1921:Bi-metallic coin 1900: 1893: 1886: 1877: 1876: 1834: 1833: 1831: 1830: 1815: 1809: 1808: 1806: 1805: 1794:"PCGS Announces" 1790: 1784: 1783: 1781: 1780: 1761: 1755: 1754: 1743: 1737: 1736: 1725: 1719: 1718: 1716: 1714: 1699: 1693: 1692: 1690: 1688: 1673: 1667: 1666: 1664: 1662: 1643: 1637: 1636: 1634: 1633: 1619: 1610: 1609: 1591: 1585: 1584: 1582: 1581: 1566: 1555: 1554: 1552: 1551: 1532: 1521: 1520: 1518: 1517: 1502: 1487: 1486: 1475: 1460: 1459: 1457: 1456: 1447:. Archived from 1440: 1434: 1433: 1431: 1430: 1411: 1346: 1341: 1340: 1339: 1102:SPL (Splendide) 1047:VZ (Vorzüglich) 1044:SPL (Splendido) 1021:ZF (Zeer Fraai) 1015:SS (Sehr schön) 1012:BB (Bellissimo) 910:AB (Assez Beau) 848: 842: 827: 780: 773: 769: 766: 760: 737: 729: 714:Gem Uncirculated 708:(Unc) and up to 611: 604: 600: 597: 591: 589: 548: 524: 516: 506: 499: 492: 477:Money portal 475: 474: 473: 463: 462: 461: 187:History of money 142:Local currencies 46: 37: 19: 18: 2331: 2330: 2326: 2325: 2324: 2322: 2321: 2320: 2301: 2300: 2299: 2294: 2286: 2284: 2276: 2274: 2264: 2248: 2212: 2166: 2134: 2121: 2075: 2039: 2030: 1909: 1907:Coin collecting 1904: 1842: 1837: 1828: 1826: 1817: 1816: 1812: 1803: 1801: 1792: 1791: 1787: 1778: 1776: 1763: 1762: 1758: 1751:www.ngccoin.com 1745: 1744: 1740: 1727: 1726: 1722: 1712: 1710: 1701: 1700: 1696: 1686: 1684: 1675: 1674: 1670: 1660: 1658: 1651:slatercoins.com 1645: 1644: 1640: 1631: 1629: 1621: 1620: 1613: 1606: 1592: 1588: 1579: 1577: 1568: 1567: 1558: 1549: 1547: 1534: 1533: 1524: 1515: 1513: 1504: 1503: 1490: 1477: 1476: 1463: 1454: 1452: 1441: 1437: 1428: 1426: 1423:coingrading.com 1412: 1405: 1401: 1367:Coin collecting 1362:Cameo (coinage) 1342: 1337: 1335: 1332: 1326:their holders. 1309:Full Bell Lines 1288: 1282: 1245: 1161: 1053:Pr. (Prachtig) 974:TB (Très Beau) 957:ZG (Zeer Goed) 880:German-speaking 859: 838: 825: 814: 808: 781: 770: 764: 761: 750: 738: 727: 722: 653: 644: 633:coin graded by 612: 601: 595: 592: 549: 547: 541: 537:primary sources 525: 510: 481: 471: 469: 459: 457: 449: 448: 341:Coin collecting 336: 335: 326: 325: 279: 278: 269: 268: 190: 189: 178: 177: 69: 68: 35: 34: 17: 12: 11: 5: 2329: 2319: 2318: 2313: 2296: 2295: 2273: 2270: 2269: 2266: 2265: 2263: 2262: 2256: 2254: 2250: 2249: 2247: 2246: 2241: 2236: 2231: 2226: 2220: 2218: 2214: 2213: 2211: 2210: 2205: 2200: 2195: 2190: 2185: 2180: 2174: 2172: 2168: 2167: 2165: 2164: 2159: 2154: 2149: 2144: 2138: 2136: 2127: 2123: 2122: 2120: 2119: 2114: 2109: 2104: 2099: 2094: 2089: 2083: 2081: 2077: 2076: 2074: 2073: 2068: 2063: 2058: 2053: 2047: 2045: 2041: 2040: 2033: 2031: 2029: 2028: 2023: 2018: 2013: 2008: 2003: 1998: 1993: 1988: 1983: 1978: 1973: 1968: 1963: 1958: 1953: 1948: 1943: 1938: 1933: 1928: 1926:Challenge coin 1923: 1917: 1915: 1911: 1910: 1903: 1902: 1895: 1888: 1880: 1874: 1873: 1868: 1863: 1858: 1853: 1848: 1841: 1840:External links 1838: 1836: 1835: 1810: 1785: 1769:pngdealers.org 1756: 1738: 1720: 1694: 1668: 1638: 1611: 1604: 1586: 1556: 1540:www.anacs.com/ 1522: 1488: 1461: 1435: 1419:"Introduction" 1415:Travers, Scott 1402: 1400: 1397: 1396: 1395: 1389: 1384: 1379: 1374: 1369: 1364: 1359: 1354: 1348: 1347: 1331: 1328: 1284:Main article: 1281: 1278: 1277: 1276: 1273: 1270: 1264: 1258: 1255: 1252: 1244: 1241: 1181:Extremely Fine 1167:published the 1160: 1157: 1154: 1153: 1150: 1147: 1144: 1141: 1138: 1135: 1132: 1129: 1126: 1122: 1121: 1118: 1115: 1112: 1109: 1106: 1103: 1100: 1097: 1096:100% + luster 1094: 1090: 1089: 1086: 1083: 1080: 1077: 1074: 1071: 1068: 1065: 1062: 1058: 1057: 1054: 1051: 1048: 1045: 1042: 1039: 1038:SUP (Superbe) 1036: 1033: 1030: 1026: 1025: 1022: 1019: 1016: 1013: 1010: 1007: 1004: 1001: 998: 994: 993: 990: 987: 984: 981: 978: 975: 972: 969: 966: 962: 961: 958: 955: 952: 949: 946: 943: 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426: 423: 421: 418: 416: 413: 412: 409: 406: 404: 401: 399: 396: 395: 392: 389: 388: 385: 382: 380: 377: 376: 373: 370: 369: 366: 363: 361: 360:Bullion coins 358: 357: 354: 351: 349: 346: 345: 342: 339: 338: 330: 329: 322: 319: 317: 314: 312: 309: 307: 304: 303: 300: 297: 295: 292: 290: 287: 285: 282: 281: 273: 272: 265: 262: 261: 258: 255: 253: 250: 248: 245: 243: 240: 238: 235: 233: 230: 228: 225: 223: 220: 218: 215: 213: 210: 208: 205: 203: 200: 199: 196: 193: 192: 188: 182: 181: 174: 171: 170: 167: 164: 163: 160: 157: 155: 152: 150: 149:Company scrip 147: 146: 143: 140: 139: 136: 133: 131: 130:South America 128: 126: 125:North America 123: 121: 118: 116: 113: 111: 108: 107: 104: 101: 100: 97: 94: 92: 89: 88: 85: 82: 80: 77: 75: 72: 71: 67: 61: 60: 55: 52: 51: 50: 49: 45: 41: 40: 33: 30: 29: 25: 21: 20: 2311:Coin grading 2133:Coin grading 2117:Coin wrapper 2112:Coin storage 2102:Coin counter 2097:Coin catalog 2092:Coin capsule 2051:Coin grading 2050: 1871:CCCS (Canada 1827:. 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Retrieved 1422: 1324: 1317: 1305: 1289: 1246: 1236: 1232: 1228: 1224: 1220: 1217:Very Fine-30 1216: 1213:Very Fine-20 1212: 1208: 1204: 1200: 1196: 1192: 1188: 1184: 1180: 1176: 1172: 1168: 1162: 965:Fine (F-12) 844: 839: 830:Penny Whimsy 829: 819: 815: 790: 786: 771: 762: 751:Please help 746:verification 743: 713: 709: 706:Uncirculated 705: 701: 697: 693: 689: 685: 681: 677: 673: 669: 665: 661: 657: 654: 645: 619:Coin grading 618: 617: 602: 593: 583: 576: 569: 562: 550: 530: 398:Credit cards 364: 159:Time dollars 2316:Numismatics 2171:Paper money 2107:Coin folder 2011:Seigniorage 2001:Numismatics 1914:Numismatics 1825:. Coin News 1687:13 December 1574:icgcoin.com 1483:ngccoin.com 1392:Troy weight 1377:Numismatics 989:Fr (Fraai) 901:Good (G-4) 890:Netherlands 885:Scandinavia 674:Almost Good 658:Basal State 432:Scripophily 32:Numismatics 2305:Categories 2183:Fiat money 2087:Coin board 2016:Token coin 1829:2015-09-16 1804:2015-09-16 1779:2015-09-07 1632:2023-06-19 1580:2015-09-05 1550:2015-09-05 1516:2015-09-05 1455:2010-06-06 1429:2015-09-09 1399:References 1352:Mint state 1235:or simply 1201:About Good 1173:Mint State 983:S (Schön) 948:B (Bello) 566:newspapers 533:references 334:Collection 277:Production 207:Achaemenid 2193:Notaphily 2135:companies 2056:Coin slab 1713:26 August 1661:26 August 1193:Very Good 1185:Very Fine 942:B (Beau) 925:G (Goed) 690:Very Fine 682:Very Good 379:Banknotes 372:Notaphily 306:Hammering 289:Designers 212:Byzantine 79:Banknotes 2178:Banknote 2080:Supplies 1991:Key date 1981:Exonumia 1966:Coin set 1382:Exonumia 1330:See also 1295:(PCGS), 1120:Soberba 1108:SPL/FDC 895:Portugal 642:Overview 391:Exonumia 242:Japanese 222:Filipino 202:Aksumite 66:Currency 54:Glossary 24:a series 22:Part of 2044:Grading 1536:"ANACS" 1313:slabbed 1221:Fine-12 1088:No use 1085:No use 1073:No use 1070:No use 860:Kingdom 720:Systems 651:History 637:as PR69 631:bullion 580:scholar 420:Cheques 365:Grading 299:Milling 294:Coining 257:Tibetan 237:Italian 217:Chinese 135:Oceania 84:Forgery 2021:Toning 1602:  1485:. NGC. 1267:toning 1261:luster 1035:EF/XF 865:France 858:United 712:(BU). 704:(AU), 698:Almost 696:(EF), 692:(VF), 684:(VG), 676:(AG), 668:(Fr), 660:(also 582:  575:  568:  561:  553:  439:Stocks 425:Scrips 415:Tokens 408:Medals 403:Jetons 321:Errors 316:Metals 232:Indian 120:Europe 110:Africa 2253:Shows 2217:Lists 2142:ANACS 2126:Other 1856:ANACS 1576:. ICG 1570:"ICG" 1479:"NGC" 1082:0-01 1056:Bela 960:MREG 875:Italy 870:Spain 688:(F), 680:(G), 670:About 587:JSTOR 573:books 444:Bonds 348:Coins 247:Roman 227:Greek 74:Coins 1936:Coin 1846:PCGS 1733:PCGS 1715:2009 1689:2009 1663:2009 1627:PCGS 1600:ISBN 1229:F-12 1225:Fine 1209:Poor 1207:and 1205:Fair 1199:and 1197:Good 1189:Fine 1149:FDC 1137:FDC 1131:FDC 1067:UNC 1041:EBC 1032:90% 1024:MBC 1009:MBC 1000:75% 977:BC+ 968:50% 936:25% 928:REG 904:10% 686:Fine 678:Good 666:Fair 662:Poor 559:news 311:Cast 284:Mint 252:Thai 154:LETS 115:Asia 91:List 1861:ICG 1851:NGC 1215:or 1105:SC 1099:BU 1050:01 1018:1+ 1003:VF 992:BC 954:1- 945:BC 939:VG 913:RC 755:by 700:or 672:or 535:to 96:ISO 2307:: 1821:. 1796:. 1767:. 1749:. 1731:. 1649:. 1625:. 1614:^ 1572:. 1559:^ 1538:. 1525:^ 1508:. 1491:^ 1481:. 1464:^ 1421:. 1417:. 1406:^ 1239:. 1233:12 1231:, 1227:, 1195:, 1191:, 1187:, 1183:, 1179:, 1175:, 1146:0 1114:0 986:1 971:F 922:2 916:M 907:G 546:. 26:on 1899:e 1892:t 1885:v 1832:. 1807:. 1782:. 1753:. 1735:. 1717:. 1691:. 1665:. 1635:. 1608:. 1583:. 1553:. 1519:. 1458:. 1432:. 1269:; 1263:; 1237:F 778:) 772:( 767:) 763:( 749:. 609:) 603:( 598:) 594:( 584:· 577:· 570:· 563:· 540:. 505:e 498:t 491:v

Index

a series
Numismatics

Glossary
Currency
Coins
Banknotes
Forgery
List
ISO
Circulating currencies
Africa
Asia
Europe
North America
South America
Oceania
Local currencies
Company scrip
LETS
Time dollars
Fictional currencies
Proposed currencies
History of money
Historical currencies
Aksumite
Achaemenid
Byzantine
Chinese
Filipino

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