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 Replies: 11 / Views: 3,237 |
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Rest in Peace
United States
5375 Posts |
What is this exactly about? I was looking around on heritage and saw 'EAC 40' on coins graded PCGS Au-55. From what I'm seeing, it's way way way too harsh. For example, I saw a slabbed MS-65 large cent that was graded 'EAC 60' but had almost no abrasions in the fields, strong strike etc. and many strong AU coins that were graded 'EAC 40' or at best 45.
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Rest in Peace
 United States
5375 Posts |
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Bedrock of the Community
United States
14454 Posts |
EAC has a very high standard and are very very strict on old copper coins and most people see them as the experts and their grading to be accurate where the TPG's are wrong. Allot of EAC grades can be as high as 10 points lower than NGC or PCGS, and since they specialize in old copper coins they are considered the experts in this field. If I am not mistaken this is the guide they use to grade Early American Copper coins http://www.uscents.com/coppergrade/index.htmlThey say this is XF-45  |
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Rest in Peace
United States
5375 Posts |
I would say that there's a difference between being 'strict' and absurd, and I think they cross that line, seriously. I mean, I take TPG grading with a grain of salt, but just from the ANA gradebook, these seem quite a bit too low. EDIT: Just checked out the grades, seem even harsher than ANA grading standards and there is no 'MS-63'. Edited by coinguybrian
05/26/2009 10:08 pm
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Bedrock of the Community
United States
14454 Posts |
well they have their own grading standards, they don't go by the ANA grading standards, they have their own. You can't go by any price guide with the EAC grade or anything because they don't use the same grading standards for Early American Copper as the TPG's use |
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Moderator
 United States
16677 Posts |
Yeah, I see no wear on that coin. I don't believe in EAC,CAC,etc.
swcoin.ecrater.com
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Rest in Peace
United States
5375 Posts |
Ah, so it is a totally different grading system? That clears it up.
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Bedrock of the Community
United States
14454 Posts |
yes their grading standard is their own, and they are very strict. Allot of people think they have the official word on old copper coins though
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Moderator
United States
16677 Posts |
If there is a way to make money, somebody will find a way to capitalize on it.
swcoin.ecrater.com
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Moderator
United States
23522 Posts |
Quote:
If there is a way to make money, somebody will find a way to capitalize on it. It has nothing to do with making money. EAC is a club. They don't slab coins, and don't grade coins for compensation. Their grading system is strict by definition, using an earlier version of Sheldon which places more importance on imperfections such as porosity, scratches and discoloration - all cause a greater deduction in grade than the current usage of the refined Sheldon Scale does. EAC grades are all Net grades. That's how a Mint State coin can be EAC graded under MS60 - imperfections can cause a point deduction below the 60 mark for even uncirculated coins. |
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Pillar of the Community
United States
2335 Posts |
I've posted this coin before. It was submitted to PCGS with the last group submission that SuperDave organized. I bought this from a respected early copper dealer that grades everything by EAC standards. He had it listed as an EF45, PCGS slabbed it as a MS64.   |
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Bedrock of the Community
United States
12437 Posts |
http://www.eacs.org/In 1970 EAC became a club member of the American Numismatic Association with membership number C-64199. EAC was officially incorporated in 1972 in the State of New York as Early American Coppers, Inc.The club was originally focused on the U.S. large cents produced between 1793 and 1857. The focus expanded to include Half Cents and colonial copper coins. At the annual meeting held May 3, 1981, EAC voted to expand its scope to include Hard Times Tokens.Every member is entitled to an opinion about what "EAC grading" represents. Traditional EAC grading is considered "technical" grading based on an evaluation of wear and deduction of points for problems such as corrosion, pitting, cuts, dings, prior cleaning or recoloring. EAC grading is in constant conflict with "market" grading that attempts to rank coins based on relative value.
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Replies: 11 / Views: 3,237 |
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Posted 05/26/2009 10:02 pm
