One of the first films I watched on my first ever DVD player was Fellowship of the Ring, and was instantly struck by the crappiness of the black gradient banding (it may even have been a single-disc rental DVD of the cinema release).
...
.
Nup. It was a crap conversion. The scenes in Moria looked over-saturated and it made the effects look mediocre. BluRay theatrical looks great however.
All our home movie VHS stuff is converted to digital and backed up on DVD at high quality. Our commercial VHS movies were downloaded from the internet when our last VHS recorder died. With the Video cassette inserts kept for the DVD case.