A grading question

Sorry if this is obvious, but I dont know. When coins are graded are they compared to a strike, etc, standard set for all coins, or are they compared to their specific type.
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Russ, NCNE
I think the answer would be that the standards for a given type are considered, but that allowances are made for the intricacies/characteristics of individual issues.
For example, a 1940-S Walking Liberty half dollar is rarely close to fully struck, as compared to a 1941-P. So, a 1940-S which is not fully struck can receive an MS65 or MS66 grade, whereas a softly struck 1941-P might not.
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Russ, NCNE