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<p>[QUOTE=&quot;Conder101, post: 1289812, member: 66&quot;]The N-3 or N whatever (S whatever on the early dates) is a catalog number based&nbsp; on the specific pair of dies used to strike the coin.&nbsp; Large cents are frequently collected by die variety or die pairing and over the years the rarities of the various varieties are fairly well accepted.&nbsp; Rarer varieties can command a significant premium even on a year that is considered to be common.&nbsp; 1822 for example, it is a common enough date.&nbsp; There are common varieties that are worth just the basic type coin or graysheet value.&nbsp; Then there is the N-9 which in VG might bring a couple hundred dollars.&nbsp; Or N-13 where a VG would bring several hundred dollars, or N-14 which would bring several thousand dollars (I think there are currently five N-14&#039;s known).</p><p><br /></p><p>Large cents ARE graded differently by the cent specialists though.&nbsp; We have something called Net Grading or sometimes EAC Grading.&nbsp; We start with a strict sharpness grade, and then we make deductions from the grade for problems (color, strike, porousity, scratches, rim dents etc).&nbsp; The question is how much to deduct because every coin is different, and each person has different likes and dislikes for various problems.&nbsp; One method I use is the &quot;Would I rather have a problem free X or this coin?&quot; method.&nbsp; You keep taking X down a step until you start to have a problem deciding which you would rather have and that is the Net Grade.&nbsp; This doesn&#039;t work if you are one of those collectors who insists on only problem free coins because everything becomes a Poor-1.&nbsp; Of course if you can&#039;t accept coins with problems you either don&#039;t collect early copper, or you don&#039;t have much of a collection because almost ALL early copper has some kind of problem.&nbsp; And if you collect by variety you will find that there are some varieties that just don&#039;t exist problem free.&nbsp; I&#039;m starting to rant so I&#039;m going to stop now.[/QUOTE]</p><p><br /></p>

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