For what it's worth, I graded the subject coin about VF too - Wayne bought it via me, although it was being sold by someone else - who graded it as VF ! The reverse is sharper than the obverse to be fair, maybe the portrait is only a Fine+ or a "bold Fine". Of course, under the old strict British grading, this coin is only Fine - and if you went back far enough, it would be Fair to Fine, or just Fair to the Victorians.
But modern grade-to-market is a lot more generous. Here is a coin DNW graded aVF a couple of years back. It seems similar or worse to Wayne's coin.
Also worth noting the obverse die on Wayne's coin is very worn - look at the die break from the portrait to the rim, the extensive signs of die-clashing. Even if the coin was FDC you wouldn't get full portrait detail with these sorts of die states. Having seen the coin in hand, it looks better from the surfaces etc. than it does for surviving detail.