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Message:: [QUOTE="johnmilton, post: 6454486, member: 101855"]The answer is sort of a "yes and no." First of all the TPGs seemed to ignore the ANA standards for circulated coins soon after they got in the business. When I was collecting Indian Cents in the 1960s, a full LIBERTY on the headband was part of the "Fine" grade and certainly required for a VF. Full lines down the ax on a Mercury dime was a similar standard. For the TPG's VG to became the new Fine. I heard some of the dealers, who worked with collectors who had smaller budgets, comment about how unfair that was. The "yes and no" comes in the size of a mark compared to the size of the coin. A medium sized mark in a $20 gold piece might look like the Grand Canyon on a gold dollar. It could even make the gold dollar a "no grade." So size does matter, and gets into some subjective issues.[/QUOTE]