Need help on net grading

[beef1020]

I need some help on net grading this coin. I do ok with minor issues, but I really don't have a good idea about serious damage and how much to reduce the coin. Can I hear people's ideas about the coin, I have it graded as 12/6.

08687

Thanks for your help.

[Fiskra]

Hi
Assigning a grade to a damaged coin is really the viewers preference. Every collector I know will grade it differently because it depends on what the damage is, where it is and how bad. Very subjective. You would need about 20 latedate collectors to grade it and then take the average to see how it is preceived i.e. a concensus. I would grade it VG10 net AG3 but then that's me. I deduct quite a few points for man made damage (believe someone tried to drill this piece free hand) whereas if it was Mint made I would deduct less. Sorry I can't be more definitive but that's the case with EAC grading.

[charles]

Hi
I agree with Fiskra were it would take some 20 latedate collectors to grade it and take the average. And when it comes to net grade for the coin, the range would very more. But I am talking about a coin or your coin that did not have this type of damage. The net grade from the 20 for this damage coin would be much more wide spread. Anyway there it goes with mine. I do agree with Fiska for a grade of VG10. But my net grade for this coin is G4.
charles

[beef1020]

Thanks for the input Fred and Charles. I know net grading is highly subjective, and major issues like this coin present the largest difference of opinion. I really appreciate the feedback.

[charles]

Thank you.
charles

[beef1020]

Just wanted to update you both. I sent the coin down to Bob, more to confirm the die state but also to get an opinion on the grade, who graded it 10/4.

[medleyguy]

Tough call. I just usually assign a grade based on what it would be minus the damage, such as F/VF in this case, but knowing the damage would mark it down to G. When I write it up in my records I'd use F/VF-IM (Impaired). Guess it depends on whether you need the info for re-sale or for yourself.
Guy

[Bailey]

I would grade the coin sharpness VG-10...net AG due to the damage on the obverse. But as has been stated if you have 10 people grading the coin you would/could get many different answers!!!

[cudabob496]

Based on what I have seen of EAC grading, net AG3.

[Bailey]

I believe the area affected on the coin(both sides)was done during the minting process of the coin causing severe low spots and said damage. Now since we all go on subjective thinking and eye appeal when judging a coin for grading purposes(even though the goal is to be objective) I would agree with a sharpness grade of VG10 and a net grade of Good-4.....at best. But I do like the coin as a piece of history because of the damaged area even though most everyone would pass on it.....but everyone is correct in that we all perceive and judge a coin's 'eye appeal' differently. And how we make and justify points deductions will be different because we all value problems differently. There is no way to come up with a definitive criteria or 'set of principles'(in other word...descriptions) to cover all situations on a coin's surfaces. So if you have 10 or 20 people giving an opinion on 'Sharpness and then Net Grading' you will end up having different opinions on 'Net Grade'.....
Take it easy.....Leo

[3steven2]

Most of the time when I buy a coin I use the "pay for" grade. "How much will others pay for this coin if I want to sell it" grade.

[Bailey]

Most of the time when I buy a coin I use the "pay for" grade. "How much will others pay for this coin if I want to sell it" grade.

I have found that when I price a coin for sale to the collecting community outside EAC I grade by commercial standards and price accordingly(Grey sheets for wholesale). When I grade by EAC Standards and price according to our Pricing Guides it generally works out to be about the same price as long as the coin does not have a high Rarity Rating.....

Take it easy.....Leo

[ColoradoCoinGuy]

EAC grading is tough to learn. I took the EAC class at the ANA Summer Seminar at that helped alot.
Also attending an EAC convention and talking in person with many of the dealers helped me improve
my grading. I also agree with Bailey on how he prices Coppers. When dealing with non EAC dealers
it is better to use commercial standards and pricing guides like the greysheet.

Mark