I'm a hair above VF-20 here. The wear on the crown (jewels, pearls, and bands) is less than half, and the tip of mustache is distinct from the face. I've always been taught that over half of the crown details kicks it up to VF-25, and that's where I see this one. It's a decent collectible grade, though. IMHO, there wouldn't be any value difference between a VF-20 and VF-25 on this date, though.