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<p>[QUOTE=&quot;medoraman, post: 1414145, member: 26302&quot;]Yes, it is a good post. I have been a believer in AU for a long time as a great price point, (until the market caught up to me).</p><p><br /></p><p>Its really a function of the great error US collectors decided in the 1840&#039;s. When starting this hobby, they made a rule that wear was worst than anything else, so therefor only coins without wear, (no matter how beat up, scuffed up, dinged, toned they were), were always superior in grade to a nice coin with wear. This is the real error. They should have said ding, scuffs, marks, and wear were all equally detrimental to coin grades, and treated them equally. If they had, a great many AU coins today would be 63 or 64, (well, nowadays they are), and a great many 61&#039;s would be 50 or even 45.</p><p><br /></p><p>This is how ancient collectors grade, and I liked it so much it was one of the things that drew me to this part of the hobby.[/QUOTE]</p><p><br /></p>

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