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<p>[QUOTE="900fine, post: 872608, member: 6036"]Penny Guy... did you attend the auction Saturday night ?</p><p> </p><p>I've attended quite a number of auctions and spent many hours viewing lots. I must say this was by far the most challenging auction in which I've ever participated.</p><p> </p><p>It is extremely difficult to come up with price estimates for early copper, particularly when hard-core die variety collectors are in the room. My estimates often differed wildly from actual prices realized. I'm not talking about 5 or 10%... I'm talking about <b>multiples of 3 to 5 times</b> (sometimes higher, sometimes lower). Things were all over the place. Crazy, I tell ya.</p><p> </p><p>In particular... compare Greysheet with Copper Quotes By Robinson. Often you will find R.1 coins in the "same" grade priced 3 to 5 times higher in CQR than Greysheet.</p><p> </p><p>The first thing to realize is those aren't the "same" grade. CQR uses EAC grading, while Greysheet uses TPG grading.</p><p> </p><p>Early American Copper specialists grade by a different method, and 95% of the time EAC grades are two or three levels lower than the same coin in a slab. Take that into account when comparing price lists.</p><p> </p><p>Pricing is an art and a science. With EAC, it involves guesswork as well. SWAG it. Be opportunistic and patient, be ready, and when you see The Right One pull the trigger.[/QUOTE]</p><p><br /></p>
[QUOTE="900fine, post: 872608, member: 6036"]Penny Guy... did you attend the auction Saturday night ? I've attended quite a number of auctions and spent many hours viewing lots. I must say this was by far the most challenging auction in which I've ever participated. It is extremely difficult to come up with price estimates for early copper, particularly when hard-core die variety collectors are in the room. My estimates often differed wildly from actual prices realized. I'm not talking about 5 or 10%... I'm talking about [B]multiples of 3 to 5 times[/B] (sometimes higher, sometimes lower). Things were all over the place. Crazy, I tell ya. In particular... compare Greysheet with Copper Quotes By Robinson. Often you will find R.1 coins in the "same" grade priced 3 to 5 times higher in CQR than Greysheet. The first thing to realize is those aren't the "same" grade. CQR uses EAC grading, while Greysheet uses TPG grading. Early American Copper specialists grade by a different method, and 95% of the time EAC grades are two or three levels lower than the same coin in a slab. Take that into account when comparing price lists. Pricing is an art and a science. With EAC, it involves guesswork as well. SWAG it. Be opportunistic and patient, be ready, and when you see The Right One pull the trigger.[/QUOTE]
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