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<p>[QUOTE=&quot;foundinrolls, post: 1796474, member: 4350&quot;]I will disagree...ANA says as to EF45, &quot;Some of mint luster may show&quot;</p><p>EF40 &quot;Traces of mint luster may show&quot;.</p><p>&nbsp;</p><p>It does not indicate that mint luster must show. Also, many coins graded MS60+BN (Brown) technically have no mint luster.</p><p>&nbsp;</p><p>Also, I put the word &quot;Luster&quot; in quotes in my statement to indicate something that I should have said more plainly. When the toning wears off the high points of a circulated but toned AU coin, it is really the metal that is exposed as it begins to show wear. It&#039;s not really &quot;luster&quot; but it gives the impression that the luster is appearing on the high points.</p><p>&nbsp;</p><p>Also, saying that VF35 is only a step away from EF40 is not quite accurate. Ist&#039;s like saying that MS60 is one step away from MS65. It&#039;s not correct. Technically, in theory there is VF35, 36, 37,38 and 39 but we don&#039;t break it down that way in a normal grading system. The difference between VF35 and EF40 is bigger than one step away.</p><p>&nbsp;</p><p>The ANA mentions nothing about luster on VF graded coins.[/QUOTE]</p><p><br /></p>

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