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"Penny" date set - 1799
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<p>[QUOTE="johnmilton, post: 26354667, member: 101855"]I am generally not a fan of EAC grading because it is useless for commercial purposes. You can dump on the term commercial, but when it comes time to sell, generally collectors want a good or at least a fair price. If something is EAC graded and you use any of the current price guidelines to price it, you will get less than it’s worth over 90% of the time. In other words, if you sell a coin that most people would grade EF for VF money, you will be short changed. I would add that EAC dealers don’t price their offerings that way. they charge all the money. </p><p><br /></p><p>The one great thing about EAC grading is for problem pieces of which there are many in early copper. Commercial grading kind of gives them the shaft on a slab label. EAC explains the problem in some detail and provides a net grade, which is useful for pricing.</p><p><br /></p><p>Once more EAC grading can be “brutal.” Some problems they point out don’t amount to much in my opinion.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 26354667, member: 101855"]I am generally not a fan of EAC grading because it is useless for commercial purposes. You can dump on the term commercial, but when it comes time to sell, generally collectors want a good or at least a fair price. If something is EAC graded and you use any of the current price guidelines to price it, you will get less than it’s worth over 90% of the time. In other words, if you sell a coin that most people would grade EF for VF money, you will be short changed. I would add that EAC dealers don’t price their offerings that way. they charge all the money. The one great thing about EAC grading is for problem pieces of which there are many in early copper. Commercial grading kind of gives them the shaft on a slab label. EAC explains the problem in some detail and provides a net grade, which is useful for pricing. Once more EAC grading can be “brutal.” Some problems they point out don’t amount to much in my opinion.[/QUOTE]
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"Penny" date set - 1799
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