AG Draconis contains a relatively early cool component. Quoted spectral types range from dG7 (Wilson 1943) to K3III (Boyarchuck 1969). Most recently Smith and Bopp (1981) adopt G7IIIe. The optical spectrum shows in emission the permitted lines of hydrogen and helium, both neutral and singly ionized. At various times the spectrum of the late type component has been heavily veiled by a blue continuum and numerous lines of various stages of ionization of iron have been seen, including the 6830 A feature which Allen (1980) attributes to Fe VI. On the other hand, on a KPNO echelle spectrum taken by one of the current authors (CMA) in 1977 August, the late giant spectrum was very sharp and no iron or forbidden lines were present. The lack of the forbidden lines identifies AG Dra as a high density case and thus it conforms to the spectral type-density correlation found by Allen (1980).