I'd say treble+ for EF...not that such a thing exists in my eyes! There is 'as-struck' in hammered, as far as I'm concerned...and then whether you like it clipped, weak, cracked, clogged, ploughed, dinted, cleaned, black with thick encrustations (some living, possibly)...that's my take on things! I'm not listening to an EF price on anything, or VF for that matter, it's pretty meaningless! Now, what Spink does for me, is offer me a scenario where I can draw comparisons! I know what a £300 (actual) Elizabeth coin looks like (more or less), which leaves me able to interpret (more or less) what I might expect from an equivalent-priced coin from, say, Charles I or John! It's not about grade, but I can see how Spink's hands are tied on this point! If I see an Ed. Con. coin for £50 in Spink, and already know where a £50 penny of Elizabeth sits in the grand scheme of things, I can, specifics aside, quickly determine the likelihood of me finding another, or a better, example quite quickly! And also how quickly someone might rip my hand off if I have one! That's Spink and hammered grading for me!