VF means Very Fine.
Coin collectors grade our coins on a scale of 1 -70. This is known as the sheldon scale of coin grading.
This is how the Sheldon scale is formed:
PO-1, FR-2, AG-3, G-4, G-6, VG-8, VG-10, F-12, F-15, VF-20, VF-25, VF-30, VF-35, XF-40, XF-45, AU-50, AU-53, AU-55, AU-58, MS-60, MS-61, MS-62, MS-63, MS-64, MS-65, MS-66, MS-67, MS-68, MS-69 and MS-70
Almost Good, Good, Very Good, Fine, Very Fine, Extra Fine, Extra Fine, Almost Uncirculated, Mint State.
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"VF" stands for "Very Fine" condition in the British and American grading systems. A VF coin has about 75% of the original design remaining, with all major details still sharp. Minor details such as hairlines and feathers may be worn off.
The VF grade is further subdivided into 11 (or sometimes 16) sub-grades ranging from VF20 to VF30 (or VF35), allowing for more specific distinctions.