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Posted 09/21/2022 1:43 pm
you dont send coins to EAC for grading. they arent a service.
EAC is the Early American Coppers club. they are one of the oldest coin clubs in america. one of their founding members was william sheldon, who came up with the 70 point grading scale we all use today. they pride themselves on being strict graders who stick to consistent standards.
over time the eac grade and the market (or slab) grade have diverged. eac has been consistent. an EAC vf 30 from 1960 is the same as a vf 30 today. thats not the case with the slabs.
if you want to deal in high end early copper its best to be at least familiar with the system. most of the advanced collections have used that standard. most of the condition census uses that standard as well. the big buyers and big sellers use EAC grading with a high degree of consistency.
the hype about eac comes from them being the largest specialist coin club on the planet. the members are the owners of the majority of the condition census copper and they get together and show them to each other at their convention every year. the club as a whole produces grading guides, offers grading seminars, has great club auction and highly professional journal called pennywise. they have some of the smartest, most knowledgable and kindest people ive met in coins.
i teach the EAC clubs grading and Counterfeit Detection seminar at their convention. I also teach the EAC class at the ANA summer seminar. if you guys want I can open up a topic about the differences between EAC, technical and market grading. it might be better to have that discussion in its own thread.
EAC is the Early American Coppers club. they are one of the oldest coin clubs in america. one of their founding members was william sheldon, who came up with the 70 point grading scale we all use today. they pride themselves on being strict graders who stick to consistent standards.
over time the eac grade and the market (or slab) grade have diverged. eac has been consistent. an EAC vf 30 from 1960 is the same as a vf 30 today. thats not the case with the slabs.
if you want to deal in high end early copper its best to be at least familiar with the system. most of the advanced collections have used that standard. most of the condition census uses that standard as well. the big buyers and big sellers use EAC grading with a high degree of consistency.
the hype about eac comes from them being the largest specialist coin club on the planet. the members are the owners of the majority of the condition census copper and they get together and show them to each other at their convention every year. the club as a whole produces grading guides, offers grading seminars, has great club auction and highly professional journal called pennywise. they have some of the smartest, most knowledgable and kindest people ive met in coins.
i teach the EAC clubs grading and Counterfeit Detection seminar at their convention. I also teach the EAC class at the ANA summer seminar. if you guys want I can open up a topic about the differences between EAC, technical and market grading. it might be better to have that discussion in its own thread.
