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<p>[QUOTE="halfcent1793, post: 3556828, member: 86853"]For those who are interested in learning about EAC grading, I recommend the book: <i>Grading Guide for Early American Copper Coins</i>, which was published by EAC in 2014 and VERY well-received both inside and outside of the club. (Full disclosure: I was one of the authors, and none of the authors has any financial interest in the book.) The 1500 copies printed have been sold, but a few are still in the hands of dealers. If you're serious about early copper, you need this book.</p><p><br /></p><p>The description by Johnmilton above is very good, but there's more to it than he could put in a short writeup, which is why I recommend the book. </p><p><br /></p><p>EAC and TPG grades really cannot be compared. EAC grade is an opinion of how the coin has changed since it was struck; TPG "grade" is an opinion of its price/value. Since they are based on completely different criteria, the two grading systems cannot be directly compared. That said (but don't bet the farm on this), typically the EAC grade will be at least a full grade lower than the TPG grade. Frequently, it will be much lower, and occasionally even higher. That does not mean that EAC standards are more strict; it means that EAC standards are completely different from the ever-changing "standards" of the TPGs. The <i>Grading Guide</i> covers this in much more detail.</p><p><br /></p><p>One thing that is important is that early copper coins tend to sell at auction based on the assigned EAC grades and not the slab grades. </p><p><br /></p><p>It is also worthy of note that, of the three major auction houses, only Goldbergs and Heritage give EAC grades, and Heritage only gives them for the nicer coins in their auctions. SBG doesn't give EAC grades at all, which amazes me given some of the people on their staff.[/QUOTE]</p><p><br /></p>
[QUOTE="halfcent1793, post: 3556828, member: 86853"]For those who are interested in learning about EAC grading, I recommend the book: [I]Grading Guide for Early American Copper Coins[/I], which was published by EAC in 2014 and VERY well-received both inside and outside of the club. (Full disclosure: I was one of the authors, and none of the authors has any financial interest in the book.) The 1500 copies printed have been sold, but a few are still in the hands of dealers. If you're serious about early copper, you need this book. The description by Johnmilton above is very good, but there's more to it than he could put in a short writeup, which is why I recommend the book. EAC and TPG grades really cannot be compared. EAC grade is an opinion of how the coin has changed since it was struck; TPG "grade" is an opinion of its price/value. Since they are based on completely different criteria, the two grading systems cannot be directly compared. That said (but don't bet the farm on this), typically the EAC grade will be at least a full grade lower than the TPG grade. Frequently, it will be much lower, and occasionally even higher. That does not mean that EAC standards are more strict; it means that EAC standards are completely different from the ever-changing "standards" of the TPGs. The [I]Grading Guide[/I] covers this in much more detail. One thing that is important is that early copper coins tend to sell at auction based on the assigned EAC grades and not the slab grades. It is also worthy of note that, of the three major auction houses, only Goldbergs and Heritage give EAC grades, and Heritage only gives them for the nicer coins in their auctions. SBG doesn't give EAC grades at all, which amazes me given some of the people on their staff.[/QUOTE]
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