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<p>[QUOTE=&quot;GDJMSP, post: 376692, member: 112&quot;]To arrive at a net grade you first have to determine the grade of the coin as if the damage or problem was not there. Then you discount the grade depending on the severity of the damage.</p><p><br /></p><p>The ANA grading guide says - </p><p><br /></p><p>G4</p><p>obv - Hair shows no detail. LIBERTY is readable but ear, eye and rim are worn smooth. Stars are weak but visible.</p><p><br /></p><p>rev - Letters in legend are well worn but partially visible. Wreath is worn smooth with bow and ribbon outlined.</p><p><br /></p><p>Now I would say this coin meets that description to a T - thus the grade of G4. And when you adjust for the damage, which is severe on both sides you get the grade of PO-1.[/QUOTE]</p><p><br /></p>

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