Is this coin a VG-8?

It may be a rare die state of a known variety. The variety is R4 (118 -158 estimated) The die state could number between 1 and 30 depending on it's final die state determination with I unconfirmed, but extremely rare if it exists , II Very Rare (4-12) and III Rare (13-30).

If it were me, I'd get it to Bob Grellman for his opinion.

 

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Cool. Who's Bob Grellman?

 

solid G-6. dont like that rim bump too much but i dunno - thats just me.

 

Here is a draped bust cent graded G-6 by PCGS. I actually think mine looks a little nicer. Maybe that's why I keep thinking VG-8 when I view my coin.

http://cgi.ebay.com/1801-Draped-Bus...62?pt=Coins_US_Individual&hash=item415494ba22

 

Bob Grellman is perhaps the best known attributer of early date large cents. Here is a link for information:

http://mandgauctions.com/

 

That barely reaches G4 in my book. It's the worst possible coin to use as a comparison. I'm sure you can find others which represent the grade better.

This is a better representation of G6 in my opinion:

http://coins.ha.com/common/view_item.php?Sale_No=66071&Lot_No=23003#Photo

Here is a G8:

http://coins.ha.com/common/view_item.php?Sale_No=1147&Lot_No=7192#Photo

Now each of these has a few dings, so net grading is possible here. I don't mind dual grading, but I do think net grading should be labeled as such. How hard is 10/6? Detail/Net? verses 6/6?