I'm not an expert at grading but I'm thinking VF-35 to XF-40.
Is this an in person purchase or an online purchase? The reason I ask is there are tons of fake Trade dollars in the marketplace and you want to be able to verify authenticity.
Obvious cleaning that would keep it out of a righteous TPG if it were submitted. Looks to be mid EF. I'd agree with most at the EF-40, although I'm betting that in hand this looks nicer than the photos show it to be and might pop it up to 45.
I think that the coin would grade if it were to be submitted to a TPG. As for the grade, somewhere in the EF range. It's an EF-40 if there is not much luster; EF-45 if there is a decent amount of luster in the protected areas.
BTW buying Trade dollars in NGC or PCGS slabs is a good idea. There are too many counterfeits on the market.
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