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<p>[QUOTE="johnmilton, post: 3554907, member: 101855"]The EAC grading system is much stricter than the TPGs on most items. What the grading services might call MS-62 might make no more than AU-50 or even EF according to EAC.</p><p><br /></p><p>EAC is the system that those collectors use. The grades are lower, but the prices are almost always higher than the price guides. “If the alligators don’t get you, mosquitoes will.” EAC prices can seem high, and you have do your evaluations to decide if the price is fair.</p><p><br /></p><p>One of the things I like about the EAC system is the way it handles coins with issues. Most early copper coins have problems, and the TPGs don’t handle those well. Some times the TPGs net grade the coins with not explanation at all. In the old days, they body bagged the coins, which implied that the coins had little value. In some cases, that was very much THE WRONG CONCLUSION.</p><p><br /></p><p>The EAC system might say for example, “EF Sharp, light porosity, net VF.” That gives you a basis from which to evaluate the piece.</p><p><br /></p><p>Often EAC grading is honest, especially in their annual convention auctions, but there can be a political element to it. Sometimes collectors who own condition census pieces (among the finest known) will use it as a way to down grade potential challengers. That is one instance where I have issues with it.</p><p><br /></p><p>Here is an example of EAC grading. This 1809 half cent was only graded MS-60 in an EAC auction a few years ago. The coin grades at least MS-63, Brown, and has a strong shot at making MS-64 in a TPG holder.</p><p><br /></p><p>[ATTACH=full]944960[/ATTACH] [ATTACH=full]944961[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 3554907, member: 101855"]The EAC grading system is much stricter than the TPGs on most items. What the grading services might call MS-62 might make no more than AU-50 or even EF according to EAC. EAC is the system that those collectors use. The grades are lower, but the prices are almost always higher than the price guides. “If the alligators don’t get you, mosquitoes will.” EAC prices can seem high, and you have do your evaluations to decide if the price is fair. One of the things I like about the EAC system is the way it handles coins with issues. Most early copper coins have problems, and the TPGs don’t handle those well. Some times the TPGs net grade the coins with not explanation at all. In the old days, they body bagged the coins, which implied that the coins had little value. In some cases, that was very much THE WRONG CONCLUSION. The EAC system might say for example, “EF Sharp, light porosity, net VF.” That gives you a basis from which to evaluate the piece. Often EAC grading is honest, especially in their annual convention auctions, but there can be a political element to it. Sometimes collectors who own condition census pieces (among the finest known) will use it as a way to down grade potential challengers. That is one instance where I have issues with it. Here is an example of EAC grading. This 1809 half cent was only graded MS-60 in an EAC auction a few years ago. The coin grades at least MS-63, Brown, and has a strong shot at making MS-64 in a TPG holder. [ATTACH=full]944960[/ATTACH] [ATTACH=full]944961[/ATTACH][/QUOTE]
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