I'd go higher than VF-20 maybe as high as VF-35 but with the same details remarks as BadThad (cleaned, environmental and physical damage). Too bad it's a nice coin otherwise.
The diamonds are on the ribbon that hangs down from the head dress (obverse). There are 4 of them. Wear on the coin will obliterate them. A 4 diamond coin hasn't seen much circulation. It's one of the features that is used to grade the coin.
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