| Introduction | Why Grade Stamps? | What is Grading? | PSE Grading System | Soundness | Centering | Combining Soundness and Centering | Eye Appeal | Gum Condition | Appendix |
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Stamps fall into two major categories: Mint (unused) and Used (cancelled). The final grade of a mint stamp has three principal components: centering, soundness and eye appeal. Mint stamps are additionally qualified by the condition of the gum, and whether or not the stamp has been hinged. The final grade of a used stamp is likewise determined by its centering, soundness and eye appeal (including an adjustment for the cancellation.) Gum condition obviously does not apply to used stamps.
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