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<p>[QUOTE="Publius2, post: 24568231, member: 105571"]One resource is the annual EAC auction where each coin offered has an EAC grade and those that are encapsulated are listed with the TPG grade. See expansion on this below.</p><p><br /></p><p>Also, Heritage often lists the EAC grade along with the TPG grade.</p><p><br /></p><p>But as a general statement, there are no pricing guides based on EAC grades.</p><p><br /></p><p><br /></p><p><br /></p><p>Just to clarify something, EAC (Early American Coppers Club) does not grade anything. The Club has published a grading guide but the Club itself grades nothing. I know that you know this [USER=9270]@kanga[/USER] but others reading this might not.</p><p><br /></p><p>In addition to my comments above, I would have to say that there is no mathematical relationship that one can apply to correlate the two grading systems. I suppose if you took an extremely large database and applied statistical analysis to it, then one could create a relationship with confidence markers. But I suspect such a thing would only be valid, if then, on an extremely large population and not for an individual coin. Too much variance.</p><p><br /></p><p>What I do is look at a graded coin and then grade it myself by the EAC system. That, as you say, takes experience and it is next to impossible to do without the EAC Grading Guide, pictured below. </p><p><br /></p><p>That said, and more to your question, what's the coin worth when it has a variance between the EAC grade and the TPG grade? The TPG market is far larger than the EAC market. That is, the price in the market is set by the TPG grade. So, the simplest answer is that the TPG grade is what sets the market price and I have seen that assertion validated time and again.</p><p><br /></p><p>As a buying strategy, what I do is assess the coin by EAC standards and decide if I think the difference between the EAC grade and TPG grade is acceptable and that the price in the TPG market - <b>for that individual coin- </b>is warranted. I definitely do not adopt the mindset that says "This coin with a TPG grade of AU-55 is only an EAC XF-40 so I won't pay more than an XF-40 price." That is invalid reasoning because the "XF-40 price" in that formulation is the TPG market price. If you analyze the EAC Auction results, you will see that statement validated, by and large.</p><p><br /></p><p>[ATTACH=full]1557811[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="Publius2, post: 24568231, member: 105571"]One resource is the annual EAC auction where each coin offered has an EAC grade and those that are encapsulated are listed with the TPG grade. See expansion on this below. Also, Heritage often lists the EAC grade along with the TPG grade. But as a general statement, there are no pricing guides based on EAC grades. Just to clarify something, EAC (Early American Coppers Club) does not grade anything. The Club has published a grading guide but the Club itself grades nothing. I know that you know this [USER=9270]@kanga[/USER] but others reading this might not. In addition to my comments above, I would have to say that there is no mathematical relationship that one can apply to correlate the two grading systems. I suppose if you took an extremely large database and applied statistical analysis to it, then one could create a relationship with confidence markers. But I suspect such a thing would only be valid, if then, on an extremely large population and not for an individual coin. Too much variance. What I do is look at a graded coin and then grade it myself by the EAC system. That, as you say, takes experience and it is next to impossible to do without the EAC Grading Guide, pictured below. That said, and more to your question, what's the coin worth when it has a variance between the EAC grade and the TPG grade? The TPG market is far larger than the EAC market. That is, the price in the market is set by the TPG grade. So, the simplest answer is that the TPG grade is what sets the market price and I have seen that assertion validated time and again. As a buying strategy, what I do is assess the coin by EAC standards and decide if I think the difference between the EAC grade and TPG grade is acceptable and that the price in the TPG market - [B]for that individual coin- [/B]is warranted. I definitely do not adopt the mindset that says "This coin with a TPG grade of AU-55 is only an EAC XF-40 so I won't pay more than an XF-40 price." That is invalid reasoning because the "XF-40 price" in that formulation is the TPG market price. If you analyze the EAC Auction results, you will see that statement validated, by and large. [ATTACH=full]1557811[/ATTACH][/QUOTE]
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EAC vs. PCGS/NGC Grading; How Does That Affect Pricing?
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