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<p>[QUOTE=&quot;GDJMSP, post: 498235, member: 112&quot;]Did any of you actually read what I said ? I said XF45 would&nbsp; be the <u>technical</u> grade. And I made that comment because of what Jack said. In the 4th post of this thread I gave my opinion of what I think the grade would be using the <u>market grading</u> system - AU55.</p><p><br /></p><p>This is a good example that shows that people do not understand the difference between technical grading and market grading. Most think they do - but if asked to actually grade a coin using the two different systems they miss the mark by far. But that is because they don&#039;t follow the technical standards. </p><p><br /></p><p>If you read the technical standards you will readily notice the differences between XF45, AU50 and AU55 - it is quite clear. And this coin would clearly be graded XF45 because it does not measure up to the higher grade standards.</p><p><br /></p><p>ANA technical standard - </p><p><br /></p><p><i>AU55 - </i></p><p><i>obv - Only a trace of wear shows on the highest point of the jaw.</i></p><p><i>rev - A trace of wear shows on the top of the wheat stalks. Almost all of the mint luster is present.</i></p><p><br /></p><p><br /></p><p>This coin clearly does not measure up to that standard. There is light wear on the jaw, light wear on the hair, light wear on the cheek, light wear on the lapel and even light wear on some of the legends. On the reverse there is light wear on the wheat stalks from to to bottom, light wear on the legends and even light wear in the fields.</p><p><br /></p><p>Now when you see what the standards are for the lower grades, what I said begins to make sense.</p><p><br /></p><p><i>AU50 - </i></p><p><i>obv - Traces of wear show on the cheek and jaw.</i></p><p><i>rev - Traces of wear show on the wheat stalks. Three-quarters of the mint luster is present.</i></p><p><br /></p><p>Still doesn&#039;t quite measure up now does it ?</p><p><br /></p><p><i>XF45 - </i></p><p><i>obv - </i></p><p><i>Slight wear shows on the hair above the ear, on the cheek, and at the jaw.</i></p><p><i>rev - High points of the wheat stalks are lightly worn, but each line is clearly defined. Half of the mint luster still shows.</i></p><p><br /></p><p>The only difference between XF45 and XF40 is that for XF40 it says - <i>Traces of mint luster still show.</i></p><p><br /></p><p>The coin obviously has more than just traces of mint luster, so it would not meet the lower grade. And it clearly does not measure up to the higher grades, so XF45 would be accurate if using the technical grading system.</p><p><br /></p><p>Still think I need new glasses Jack ?</p><p><br /></p><p>ps - and by the way, using the technical grading system there are no allowances made for how wear occurs. Whether it occurs inside a roll or coin bag, in somebody&#039;s coin cabinet or in a cash drawer - wear is considered to be wear.[/QUOTE]</p><p><br /></p>

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