Message:

<p>[QUOTE=&quot;Publius2, post: 26232960, member: 105571&quot;]Regarding so-called &quot;EAC Grading&quot;, allow me to clarify something that tends to get lost in the shuffle due to things like the abbreviated format of forum communications.</p><p><br /></p><p>There is no EAC Grading organization.&nbsp; EAC is the Early American Coppers Club and while members wrote the EAC Grading Guide and the Club published it, there is no grading operation within or without the club that grades coins.&nbsp; Each so-called &quot;EAC Grade&quot; is the individual opinion of a single individual who is attempting to grade the coin using the EAC Grading Guide as the template.&nbsp; Any two people using the EAC Guide are at least as likely to come up with different EAC-based grades as are different graders at the TPGs.</p><p><br /></p><p>And those individual grading efforts are as subject to hidden agendas, bias, and self-interest as any other individual unsanctioned opinion.</p><p><br /></p><p>So, when a dealer or a collector calls a MS-63 TPG-graded coin an EAC AU-55, he is merely expressing his own opinion or parroting someone else&#039;s opinion.&nbsp; Whatever credible meaning that opinion possesses is in direct proportion with the degree of credibility that person has with other knowledgeable dealers and collectors.</p><p><br /></p><p>And because of the above facts, that is why so-called EAC Grading has little to no relevance in the rough-and-tumble of price negotiations outside the somewhat rarefied confines of specialist early copper collecting.</p><p><br /></p><p>By way of example, here&#039;s my 1812 S-288 cent, a R-2 die marriage purchased in a Heritage auction in 2019.&nbsp; The cataloger was Marc Borkardt who gave it a grade of EAC Net VF-30.&nbsp; But the coin is in an NGC AU-50 holder.&nbsp; Including the buyer&#039;s premium, the coin went for Greysheet wholesale bid for AU-50.&nbsp; Myself and possibly other bidders only looked to the EAC Net grade from a qualified grader to help us determine where along the continuum of possible value this coin should land.</p><p><br /></p><p>[ATTACH=full]1675463[/ATTACH][/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in