anacs grading of early copper
CLASSICS
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how do you feel about anacs, and thier grading of early copper coins, such as the draped bust series. thanks.
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Comments
Mike
Tbig
rainbowroosie April 1, 2003
I belong to EAC, but I'm not an EAC grading fanatic. I look at the ANA standards and think they should be followed. That puts me far more conservative than most of the slabbed coins and more liberal that the EAC hierachy. Either way early copper is not fun to buy any more.
Ditto! I grade copper the same way!
Plus... you can buy a PCGS (whatevery) AU-50 for $500!
The same coin is graded EAC XF-45 for $500!
Plus the grading companies will bag coins for being "cleaned".
I have seen so many EAC Dealers selling cleaned copper it's not funny. (NOT marked or priced as a cleaned coin should be.)
I will pass on the "sub-sect" grading standards.... stick to ANA standards and judge the price for myself.
I have crossed alot of early copper...ANACS seems to cross at the same grade 90% of the time..... now NGC you will take a 1 point hit about 50% of the time.
In God We Trust.... all others pay in Gold and Silver!
The same coin is graded EAC XF-45 for $500!
When I find a PCGS early copper coin in an AU-50 that I would grade EF-45, I usually jump on it if the price is somewhere within reason. The last PCGS early copper I saw, a 1795 large cent (S-76b), was graded EF-45. It had been smoothed to remove corrosion, cleaned and recolored all for $1,800 wholesale. I would not have paid $1,000 for it.
Collectors just don't realize how hard it is to find decent early copper, and how much you have to pay for it when you do. Forget Trends; forget the Gray Sheet. Get ready to pay Trends TIMES some factor if you find a nice smooth attractive example.
Cameron Kiefer