ANACS type gold-what's the story now?

barney

Hi y'all,

I'm looking at 2 ANACS-graded type coins (a 1849-C $1 net F-12 problem coin) and a problem-free (well, according to the scan) ANACS 62 1909-D $5. I can't tell the difference between a 62 and a 63-and there's quite a price difference. The Charlotte-minted $1 is inexpensive and will fill a type slot.

Any comments about ANACS and gold-they admit a weakness in mint-state type gold at their website (anacs.com).

Thanks,
Barney

dan1ecu

Hello, Barney –

I’ve read many posts where people comment that ANACS is strict with gold. I personally had an ANACS MS61 $2 1/2 cross to PCGS at MS62. From what I’ve seen, there’s not a lot of gold in ANACS slabs being auctioned. I suppose PCGS and NGC slabs would command more money. Well, that’s my experience, maybe some others can comment further...

Dan

agentjim007

Hey Barney,
Whats up with our bizz? everything on course?

DaveG

I think that generally, ANACS gets somewhat less respect than PCGS or NGC. Most folks I know focus on a specific coin and if they agree with the grade and like it, they buy it. Personally, I haven't really looked at any ANACS gold, but I do have several Liberty Seated coins in ANACS slabs.

I guess it would depend on how long you want to keep the coins and how good your grading skills are. If you're not that confident about your grading skills, then a PCGS or NGC coin might be easier to sell.

Personally, I wouldn't buy a problem coin (anymore, that is; I've done it before and gotten burned). Even though it fills a hole, problem coins are always a "problem" to sell - dealers don't usually like to buy them because most collectors don't like them; it takes the dealer longer to sell them, so they offer less for them.

As far as the 1909-D goes, as long as you don't expect an MS-63 for MS-62 money. I think it's real unlikely - if the seller thought it would cross at MS-63, they would have already done it.

jtryka

I think ANACS is pretty conservative on the gold I collect (double eagles) and I have several examples that I think are either spot on, or a point low. As far as the smaller denominations, I am not as sure. Personally I can't really tell a 63 from a 62 Indian half or quarter eagle no matter who's holder it's in. As far as problem coins, I shy away from them, with the exception of perhaps cleaning, or my favorite, "sea salvaged!" I have one of those in an 1836 $5, and I like that coin a whole lot!

michael

for the most part stay away from problem coins

unless it is so cheapyou can sell it to another dealer for what you paid for it and make money now! or it is like a holy grail coin that is a 1799 cent that is like xf 40 but downgraded to a fine because of corrosoion and the corrosoion is really not that bad!

but for the most part 99% of the time STAY AWAY FROM PROBLEM COINS

sincerely michael

i have also seen some monster common date ms 63 twenty saints in anx holders but i guess it all depends on the look of the coin

CLASSICS

hi,, a problem coin, is just that, a problem coin....there will always be something better that will come along, if it was only 1 known that would be diffrent story, but this is not the case. just wait until something better comes along. i think you might end up much happier.

dorkkarl

i bought a $10 indian in an anacs slab once, at ms-60, got it for under bid. took it over to 1 of the "big-time" dealers in gold, you know, the guys who have "nuttin but pcgs." they loved the coin & thought it should 3. doubled my $ on the sucker.

moral: buy the coin

K S