FYI Grading Guide For Early American Copper Coins
Moldnut
Posts: 3,100 ✭✭✭✭
EAC has announced the publication of its grading guide, available to members at the EAC in Colorado Springs May 1-4 2014 and to the public immediately thereafter.
I bet it will be great!
I bet it will be great!
Derek
EAC 6024
EAC 6024
0
Comments
<< <i>Those copper guys have their own language. Can you verify it is written in English? >>
EAC 6024
<< <i>Oh... To translate commonly known grades to EAC language... XF means VF, VF means F, F means VG and so on.... >>
To a point ...
But on the other side EAC people do not automatically condemn early copper coins with corrosion, artificial toning or minor repairs. They net grade them and describe what has been to the best degree than it can be determined. Such coins are not "junk," but simply reflect the fact the pure copper or what passed for pure copper at the first U.S. mint is very reactive and subject to the elements.
For example this 1800 half cent is a very attractive coin, but so far grading services are concerned, it's junk because according them the surfaces are not original. Yet you can see graded coins that have had far more done them than this piece.
Ditto for this 1814 large cent.
Too many positive BST transactions with too many members to list.
<< <i>Those are 2 very nice coins Mr. Jones. It's a shame that the TPG's don't like the looks of them most of the time. >>
What is deemed 'gradable' very much depends on the evolving marketplace acceptance of various types of numismatic collectables, and the need of the TPGs for a continuing cash stream.
So, wait 5-10 years.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
<< <i>
<< <i>Those are 2 very nice coins Mr. Jones. It's a shame that the TPG's don't like the looks of them most of the time. >>
What is deemed 'gradable' very much depends on the evolving marketplace acceptance of various types of numismatic collectables, and the need of the TPGs for a continuing cash stream.
So, wait 5-10 years.
I had one large cent that was rated as among the finest known for the variety. NGC bounced back to me in a body bag because of "environmental damage." I put it in an ANACS holder where they graded it as an AU-50. Later I cracked it out of that holder and submitted as a raw coin to one of the annual EAC auctions and got a very fair price for it. Recently it sold at a major auction, now in an NGC holder, graded AU-55.
This sort of thing really causes ill will toward the grading services when they do stuff like that. You have no recourse despite the fact YOU know the coin can be fairly graded and is market acceptable. You money is down the tubes for grading fees and postage both ways, and you got nothing for it.