IMO, Colonials are more difficult to grade from images than other coin types and on these, you need to see the microscopic condition of the surface. Most folks have less experience examining examples; these coins were somewhat "flat" to begin with; and since most appear very worn, it skews our entire grade. For example, this coin might appear in a colonial grading guide as a Fine. All things considered, the coin still has the details of a Fine; however, after what I posted above, I believe most dealers and myself would price it as a VF. I'd either put F-15 or VF-20 into the computer depending on the surface.
Gut feeling is F-VF. George has the details of a VF, the other side F. The planchet seems to be pretty nice, despite a little roughness around the portait. I agree with Insider that it is probably a VF in the marketplace.
Some folks might already know this, but for those who don't, when you're trying to view coins posted as thumbnails there's a little trick you can use to see the images full size. Click on the thumbnail, that opens the image on your screen. Then right click on that image and select Open Image In New Tab, then move on the subsequent images and do the same thing. Then when you click on those tabs to look at each image there's usually a plus sign that will appear when you hold your cursor over the image, when there is, left click. That opens the image to its full size. Anyway, it's a simple little trick that works quite well when you want to get a closer look. With this coin when you do that you can see that there's quite a bit of pitting around the lower bust and scattered about. In any case the pitting is the result of corrosion, and whether it happened to the planchet or the coin after it was struck doesn't really matter in my eyes, all that matters is that it's there, and yes it should affect the grade you assign. And yeah, you can see some of the pitting in the smaller images when you click on the thumbnail, but viewing the image full size allows you to get a much better idea of the coin's condition. It's not quite microscopic like Insider is talking about, but it definitely helps.
I'd go with fine. Hibernias are a great way to get an interesting colonial without breaking the bank. If you are interested in them, Syd Martin wrote a fantastic book on the Wood's Hibernia coins.
I had to go to one of my old "Rosa Americana Ltd" fixed price catalogs to get some idea of how to grade this coin. Based on the plates and Jeff Rock's descriptions I put this one in the lower part of VF. obviously, valuation would also have to take into account the surface pitting. overall not bad looking considering the age.