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<p>[QUOTE=&quot;GDJMSP, post: 420983, member: 112&quot;]No reason to be confused. It&#039;s quite easy to understand really. If you would compare say the PCGS grading standards and the ANA grading standards coin for coin and grade for grade, what you will find is that the ANA standards are tougher than those used by PCGS. </p><p><br /></p><p>This is especially true in circulated grades where the differences are hugely different. The standards for the MS grades are different as well, but to a lesser degree and in some cases (MS60 - MS64) nearly the same.</p><p><br /></p><p>That said, I have no doubt that NGC or PCGS would grade the coin in question as AU. But it would probably go 55 and not 53.[/QUOTE]</p><p><br /></p>

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