No, I don't think it means much. However, I do think it has become a necessary evil in this age of ecommerce, from the authentication standpoint. The grades themselves can be a handy reference for price point, but they are way too subjective. From the little over a handful of slabs that I do have, I have a bunch with the same grade that are not even close to the same condition (if it matters, my "newest" slab is a 1941). There is supposed to be a set standard, and clearly, there is not.
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