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<p>[QUOTE="Insider, post: 4525692, member: 24314"]halfcent1793, posted: "Thanks for the compliment. The book did very well for the club. We were proud of it, and it did win the NLG Book of the Year award.</p><p><br /></p><p>I don't think it's quite as Wild West as you seem to think, but you're not completely wrong. Of course, the reason for the net grading was that early coppers, unlike most everything else, was the money of the people, so the cents, in particular, being large, heavy and soft, got banged around and suffered lots of insults that affect the desirability of a coin, if not its sharpness.</p><p><br /></p><p>Think of the net grade as the effect of eye appeal, and you're most of the way there.</p><p><br /></p><p>I once wrote an article for <i>Penny-Wise</i> on "Why I hate EAC grading." That was several years before I co-wrote the book. In it I quote Scott Schechter of CCG as follows: "Efforts to introduce third-party grading systems for net graded coins more closely resemble an appraisal evaluation rather than a true assessment of condition."</p><p><br /></p><p>But that is exactly what commercial grading is. A system where grade must equal price. I.e., an appraisal evaluation." </p><p><br /></p><p>Very well stated. I may have to steal it sometime. </p><p><br /></p><p>BTW, I went EASY on the book. it is terrific and should be in every coin dealers library! When I heard it was being published I asked if I could explain the original and only true technical grading system I devised for identifying coins. Unfortunately, I dropped the ball. </p><p><br /></p><p>As you must know, I am no fan of net grading. Even your book says it is very subjective among copper collectors and has no relationship to the grading done by most collectors and the TPGS's.</p><p><br /></p><p>Nevertheless, you have provided us with a simple explanation of how it came about to value a copper coin in the same way that commercial grading does for other types of coins.[/QUOTE]</p><p><br /></p>
[QUOTE="Insider, post: 4525692, member: 24314"]halfcent1793, posted: "Thanks for the compliment. The book did very well for the club. We were proud of it, and it did win the NLG Book of the Year award. I don't think it's quite as Wild West as you seem to think, but you're not completely wrong. Of course, the reason for the net grading was that early coppers, unlike most everything else, was the money of the people, so the cents, in particular, being large, heavy and soft, got banged around and suffered lots of insults that affect the desirability of a coin, if not its sharpness. Think of the net grade as the effect of eye appeal, and you're most of the way there. I once wrote an article for [I]Penny-Wise[/I] on "Why I hate EAC grading." That was several years before I co-wrote the book. In it I quote Scott Schechter of CCG as follows: "Efforts to introduce third-party grading systems for net graded coins more closely resemble an appraisal evaluation rather than a true assessment of condition." But that is exactly what commercial grading is. A system where grade must equal price. I.e., an appraisal evaluation." Very well stated. I may have to steal it sometime. BTW, I went EASY on the book. it is terrific and should be in every coin dealers library! When I heard it was being published I asked if I could explain the original and only true technical grading system I devised for identifying coins. Unfortunately, I dropped the ball. As you must know, I am no fan of net grading. Even your book says it is very subjective among copper collectors and has no relationship to the grading done by most collectors and the TPGS's. Nevertheless, you have provided us with a simple explanation of how it came about to value a copper coin in the same way that commercial grading does for other types of coins.[/QUOTE]
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