A good way to see differences is to go to a site such as Heritage Auctions (coins.ha.com) and look through certified examples in the different color grades.
What I have found is that a coin has to be really really red to make a RD grade but that there's a really wide range of the RB coins. Some are very red and some subdued red. BN is pretty much what you'd expect.
So - if you are buying a RD or BN you pretty much can know what to expect but with a RB coin, they can really vary a lot.
I often look for RB coins with lots of red remaining as 1) I like that look; 2) they are more available and somewhat cheaper than the full RD coins - especially as you get back into the earlier dates.
What I have found is that a coin has to be really really red to make a RD grade but that there's a really wide range of the RB coins. Some are very red and some subdued red. BN is pretty much what you'd expect.
So - if you are buying a RD or BN you pretty much can know what to expect but with a RB coin, they can really vary a lot.
I often look for RB coins with lots of red remaining as 1) I like that look; 2) they are more available and somewhat cheaper than the full RD coins - especially as you get back into the earlier dates.



















