I am new to the forum and look forward to participating. I recently invested in a significant example of an 1808 Classic Head Large Cent. It is PCGS MS66BN with no CAC. It is my understanding that due to the different grading standards of EAC, that the prescience of CAC approval is not that important among collectors of early copper. Is this true or am I mistaken?
Comments
EAC grading also compensates the problems that many old copper coins have. Copper is the most reactive of the three classic coinage metals, copper, silver and gold. Therefore, most early copper coins have condition issues of one sort or another. Many of them were "no grades" for slabbing in the old days, or "details grade" pieces today. For some very rare varieties, it is almost impossible to find a problem free example.
Here is a Sheldon 73, 1795, lettered edge large cent. There are about 40 examples of this variety known. This one probably is among the top 20 known. It would never get a straight grade from a third party grading service, but most large cent variety collectors would find it attractive. The EAC net grade on this piece is Fine-12.
I purchased this piece recently for a exhibit I plan to display at the Winter FUN show in January about the coins the mint issued in 1795.
this is very cool and interesting to me on many levels .. cac comments are super valuable
thank you so much!
I would not worry about the lack of a CAC sticker; the coin speaks for itself.
Showing the 1808 that I originally referenced in this thread. My research did not show any evidence that it had been submitted to CAC. It might have a chance of earning a sticker.
I will also show the 1795 that I referenced in another thread here concerning the fact that it had been broken out of a a classic PCGS holder with CAC and resubmitted to PCGS by a previous owner. In this case it would probably earn a sticker.
As mentioned by the folks above, CAC approval may not influence EAC experts, but would certainly be significant if the coins ever went to auction.