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Message:: [QUOTE="Publius2, post: 7770909, member: 105571"]If you go back in this US Coins forum to April 30, 2020, that is the last of a 3-page thread I started with a GTG-1859-O Liberty Seated Dollar.  If you start with the first post in the thread and read and digest the many wise and experienced comments by people other than me, then at the end you will understand the basics of market grading and what an AU-63 is all about. But if you can't do that, here is a very brief explanation:  A coin is an exceptional example of AU-58, so nice in fact that it should command a price well in excess of all other AU-58 coins.  The market price it should command is equivalent to what a typical MS-63 coin should bring.  So the AU-58 coin is graded by the TPG at MS-63 in order to reflect what the TPG thinks the coin should bring in the open coin market.  The term "AU-63" is a wry, whimsical, ironic, or sarcastic way of reflecting this market grading phenomenon..[/QUOTE]