| Author |
 Replies: 9 / Views: 1,018 |
|
|
Pillar of the Community
Canada
4911 Posts |
I am curious about the grading standards of the EAC cult group, and U.S. coin grading standards compared to my and Canada's grading thoughts and standards. what I realise is that eye appeal and strike are factors in U.S. grading while in my grading mind everything is technical and that strike and eye appeal should never play in to a coins technical grade and only the coins price since the strike is not wear. some thing else I understand is that U.S./PCGS grades more on the preservation of things like the face(devices) while ICCS grades with extra focus on the field. for the EAC members, I saw this in a recent thread Quote:
MS62 or EAC55 now, what I don't understand is how can a technical UNC get a circulated grade. I mean, I understand being conservative and try to practice it my self but...? any way please help me to understand what you neighbors to the south think and please Canadians weigh in also, I would really like for this thread to go on and for it to be a learning tool for others who read it in the future. Feel free to call me Will.
Edited by thedollarman
05/13/2015 9:14 pm
|
|
|
|
Pillar of the Community
 Canada
4911 Posts |
also, now that I think about it I am not sure if there is another more appropriate for um so.....if there is please mods move it where it must :)
Feel free to call me Will.
|
|
Pillar of the Community
 Canada
5394 Posts |
This is a real shot across the bow. I am still wondering how our American cousins ever learned how to grade coins. The EAC guys grade a lot like the Brits used to . In a few words , overtly conservative. The U.S. TPG s have incorporated grade creep and market grading at an ever increasing rate. There are many examples of major rarities having been assigned four or five different grades depending on when graded! As to Canadian grading standards, ICCS was incredibly conservative and highly technical back in the beginning. Today whilst still being technical the standards have been loosened somewhat especially with Silver Dollars. At one time it was virtually impossible to find an MS 65 business strike dollar with a few noticeable exceptions, 1935, 39, 49 and 1950 Personally when buying coins for inventory or personally the only question I ask is " I like it will someone else?". If the answer is yes I do not care what grade is assigned. The best grading standard is your own ,only after you have become an expert on what to look for. |
|
Pillar of the Community
Canada
4911 Posts |
don't even get me started on market and net grading! I loathe it! well start the discussion about that dishonest IMO practice when this one burns out.
Feel free to call me Will.
|
|
Pillar of the Community
United States
4897 Posts |
|
|
Pillar of the Community
United States
1566 Posts |
Let me see if I can describe the mentality behind EAC grading and what EFLargeCents meant by grading a coin "MS-62 or EAC 55". In recent decades the third party graders have relaxed their grades in what we call "gradeflation". Grades have been creeping higher due mostly in part to investor pressure. Early American Coppers uses the old technical grading standards once used by everyone. Some commercially graded coins can show high point wear and still be graded Mint State even though they are clearly not uncirculated.
The EAC is very strict. To be considered Mint State by EAC standards a coin can have no wear, friction or significant marks on it anywhere. Using these standards the coin in question was not Mint State but probably fit the relaxed technical standards of Mint State used by the TPGs.
By stating that the coin was MS-62 or EAC 55 the poster was saying that by using the old technical grading standards the coin is AU-55 but by today's standards it's probably in an MS-62 slab.
|
|
Moderator
United States
23522 Posts |
In other words, EAC gives circulated grades to Uncirculated coins.  With that said, by their own admission every grade they offer is a Net grade, which can be understood to somewhat "suspend" standards. |
|
Pillar of the Community
Canada
4911 Posts |
Quote:
To be considered Mint State by EAC standards a coin can have no wear, friction or significant marks on it anywhere. that all makes sense to me accept for Quote:
or significant marks on it anywhere for me if a coin has not circulated yet has excessive bag marks etc. it is still a technical UNC although the bagginess may be so major that it renders the coin a details grade. on an unrelated note from the above, directed to the opinions of mostly Canadians but also who ever wants to weigh in...I am all for technical grading a cleaned coin in circulated grades because you can measure the wear.......what I don't like is ICCS grading a coin MS-62,63 etc...cleaned because one of the factors is the surface preservation which can not be measured when the surfaces have been wiped away. Feel free to call me Will.
|
|
Moderator
United States
23522 Posts |
If one is to make use of the Sheldon Scale for grading coins, it's necessary to read and implement the descriptions of grades on that scale, as popularly promulgated. Yes, it's like reading different versions of the Bible, but all agree that strike quality must be a factor in the highest grades. I don't believe I'd reach MS68 for a "typical" New Orleans Morgan, for instance, regardless of the quality of the coin. So that supports your objection to numeric grading of Mint State Details coins, dollarman, and I agree with you. Eye appeal is another thing entirely. I quite agree that what we commonly define as "eye appeal" has no place in a coin's grade - if it's that pretty, that's what we have  and  for. However, the moment you downgrade a coin for a prominent mark on the cheek which wouldn't be as low a number if that mark were hidden on the reverse, you've just made a technical judgment based on eye appeal.... I've always wondered if "market" grading was in some way influenced by the tiny steps between grades at the highest levels. Over MS66, one begins to have to look really close at a coin to see grading differences. That leaves great variances in quality crammed into the remaining grading steps. |
|
Pillar of the Community
Canada
4911 Posts |
bubbubuubbump :)
Feel free to call me Will.
|
| |
Replies: 9 / Views: 1,018 |
|
Posted 05/13/2015 9:46 pm
