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<p>[QUOTE=&quot;johnmilton, post: 26062237, member: 101855&quot;]This gets back to the so-called “chestnut grading system” where the rarer a coin is, the loser the grading standards. That is garbage. An 1877 Indian Cent should be graded using the same standards that are used for an 1879. In the old days, with HONEST dealers, half a “LIBERTY” graded VG. Now it might grade Fine or even VF. </p><p><br /></p><p>You pay higher prices for better dates. The dealer does not get a double dip with a higher price for the better date AND a lose grading standard to moves up the price more.</p><p><br /></p><p>Sometimes you will see what looks to be “bargain” prices for coins in some grades. For example, years ago I had a collector who wanted a 1916-D Mercury dime in VF. He figured that VF met that all of the vertical lines on the ax were showing. Today that is not the case. A VF will have about half of them, which is what the old VG used to be. To get all the lines, you have to pay for an EF. The VF price might look low, but in reality you are not getting the “old time” VF. You are getting something less.[/QUOTE]</p><p><br /></p>

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