Quote:
VF-20
Quote:
VF-25.
Other quotes say the same thing ...
Sorry guys, but when I bought a 1908-S Indian from Gimbels Department Store in 1963, a coin with this much of the "LIBERTY" was graded VG to Fine. That's what it should be, but "grade-flation" has lifted it to VF.

In the old days you needed a full "LIBERTY" to make Fine. Some of the letters could be weak or just outlined for a bare minimum Fine-12, but the word needed to show.
Now a coin that does not have all of the letters gets "VF."
This works to the benefit of collectors who have coins to sell and dealers who get windfalls. It works against any collector who is looking to buy coins because they get less for their money. In addition this coin has vertigras on the reverse, which would bring the grade down to VG with no "+" for the partial "LIBERTY."
If you want to fall in with this, go ahead. You are cutting the legs out from under your coin budget. I for one will try to stick with consistent standards until I'm planted. I am not alone. Dave Bowers has said the same thing.
BTW, that was one heck of a pick off, Mike1487. That is a scarce variety although it is getting more common all of the time with the new discoveries.
Edited by billjones
04/17/2016 5:31 pm