Another thread about ANACS

jcping

> ANACS is a little less consistent in maintaining their grading standards then NGC and somewhat more consistent then PCGS.

I think the topic should split into two directions
1) How good is ANACS grading if you submit coins to them now, consistent-wise
2) How good is ANACS slabbed coins in the market today, market-able-wise

Personally, I think ANACS is very good at the point 1) and I beleive they are as good as PCGS and NGC today.
For point 2), due to preception of PCGS/NGC coins' value, most decent coins which were in ANACS holders are in PCGS (or NGC) holders now. This leaves marginal coins or liner coins stay in the ANACS holders now. All nice or most correctly graded coins are cracked out so that market-able is below average to poor. This does not imply their grading standards are loose or lousy if you send in coins today.

Also, ANACS has one monkey which is always in their back. The blue character label certificated coins which lots of them were over-graded. They were graded by previous owner, the ANA certification service. Since bad apples were out there, the sight-unseen market for ANACS coins has to be low. In this case, how many decent coins will stay in ANACS holder you tell me.

Does ANACS buys these bad apple back to improve their reputation? Not in my knowledge. May be someone could comment on this.

291fifth

ANACS grading today may actually be too conservative in some areas. Go to eBay and see how many ANACS graded modern commoratives you find. The last time I looked the number was ZERO. I just received two shipments of modern commems back from ANACS. Of 34 Proof Commem dollars only 5 came back as "69" and none as "70". Some of the coins (not the "69's") had been dipped to remove haze. Virtually all of the dipped coins came back as "67". All of the rest were "68" and the "68's" were very good looking coins!. Of 10 gold commems 5 came back as "69", 4 as "68" and 1 as "67", the latter piece having been dipped. The ANACS grading of modern commems is probably the most accurate but the market clearly prefers PCGS and pays premiums for PCGS. I don't know what the market pays for ANACS since I can't find enough for sale to judge the market.

At least ANACS has not made the mistake of dishing out too many "70's". Take a look at the NGC listing for modern commems on eBay and see what the "70" grades are doing to their realizations.

Market acceptability for ANACS has improved but still lags PCGS and NGC. I actively look for ANACS coins because they are often very good values for the money.

Placid

I sent a anacs graded coin I bought sight unseen that is obviously cleaned to anacs for grade guarantee and anacs sent it back as it was and just wrote no grade change on the form.

flaminio

<< <i>I just received two shipments of modern commems back from ANACS. >>



Are you dealing in ANACS certified modern commems? I'm building a collection of ANACS MS69 moderns, and am a buyer for anything I don't have. See my sig for the complete list -- I need anything colored red there. (I would've privated you, but you seem to have your PM turned off.)

As far as ANACS grading of modern commems, I agree. For example, I give you my beloved 1982-D Washington Half:

PCGS 69 pop: 63
NGC 69 pop: 55
ANACS 69 pop: ** 0 **

If anyone makes one, I'd like to buy it.

wallstreetman

I've had about 1 in 10 ANACS coins cross, I dont think 10% is good! This 54 Franklin is typical, was ANACS MS66, now PCGS MS64!

wallstreetman

Reverse

ClausUrch

I've had good results with purchasing ANACS graded coins. Here are two recent ones. Can anyone venture a guess as to their grades?

wallstreetman

I will admit, I dont agree with PCGS either! I think the coin is 65 any day! Im just showing you why the price difference!

wallstreetman

ANACS doesnt seem to care about a weak strike!

bushmaster8

Anacs is purty conservative with Franklins for sure! I had several Anacs 64's become pcgs 65's lately.

Just today I got back a crossover failure from Anacs: a rare date Barber 25¢ in an NGC VF30 slab did not cross at VF30.

keets

to extrapolate your line of thinking, all of the best holdered coins, not just ANACS, will eventually wind up in holders of the company that the market believes to be the best for value. i think that is seriously flawed thinking.

al h.

jdimmick

As said before, My preference is PCGS by far. Many times I have seen overgraded ANACS coins especially in Barbers, Walkers, SLQ etc.

But Today, I saw a really nice 1922 No D Rev 2 Lincoln cent in an ANACS older that was undergraded. I had been looking for a G-F 22 plain for a freind of mine for quite some time. I have looked at several that were just plain cruddy, or not very nice, poorly struck(even for a 22 No D), and so forth. These included PCGS, NGC and other service holders.

Today, I found an ANACS Vg-8 that looked nice from the Photo, but when I went to pick up the coin in person, it was really nice. I was blown away by the quality of coin In the ANACS holder. Honestly, I believe if broken out an submitted to PCGS, would esily holder at F-12.
Very nice coin. I told Jack (freind) today, that if I were a dishonest guy, I would have broken it out and submitted to PCGS and made another 100 bucks.

jim

coinkat

ANACs does many things better than PCGS and NGC such as errors, various die varieties and coins recognized in Breen. Frankly, PCGS and NGC were alittle late to the party on VAMS. PCGS and NGC do a better job of marketing and the registry was a brilliant idea (even though I do not participate for reasons I have made clear in the past). The bottom line is each of the Big Three have good points and some not so good points... and in the final analysis, it is best to buy the coin and not the holder. Strong and original coins that are quality for the grade will always have value. As collectors, it is fun and a challenge to find them.

wallstreetman

Best luck I've had is ANACS Peace Dollars! I recently crossed a 1924 MS65 to PCGS, first in a long time!

ursabear

I've found their grading of modern proof cents and nickels to be extremely conservative.

Draco

For the most part, I trust coins in ANACS slabs just as much as those in PCGS and NGC plastic. All my recent submissions have been to ANACS. Bottom line is that I trust them and I think their fee schedule is reasonable.

roadrunner

I prefer to look for the ANACs gold seal holders (early holders) as they are every bit as conservative as PCGS and NGC were back then.
As far as what they do today....I'd be very careful. They are not as careful on the AT stuff (imo) and would imagine their range of accuracy on classics is slightly outside of PCGS and NGC. You can certainly find great coins in their holders, especially first generation hodlers.

roadrunner

Wolf359

ANACS is very tight on grading right now. Have several slabbed Morgans that are clearly PQ for the grade.

WWW

With respect to ANACS grading Morgan dollars, they are the best.

mintluster

With respect to PCGS grading Morgan dollars, they are the best.
The higher resale values prove this.
More people want a PCGS graded coin.
Period.

mintluster

The only time I would EVER buy an ANACS coin would be for the sole purpose of crossing it over to PCGS. But considering that most coins crossed over from ANACS to PCGS get lowered in 1 to 2 grades (sometimes 3!) I would not even do this.
I think I will stick with PCGS and we are all better off in the long run by doing this.

WWW

Regardless of the current resale value of PCGS graded Morgan dollars, the true value is in the coin, not the plastic.

baccaruda

I've always bought ANACS online and have always been happy with the results. I've always felt most coins were undergraded - like this one (ANACS called this a 64FSB):





On the other hand I wasn't very happy with this one (ANACS called this a 66). If this Peace were in an NGC or PCGS slab it would most likely be a 65. That's a big jump between 65 and 66 with the Peace dollars. It's a $60 coin vs. a $275 coin. Now I can never crack the thing out because I'll lose $200 as soon as the hammer hits the plastic.

jcping

> all of the best holdered coins, not just ANACS, will eventually wind up in holders of the company that the market believes to be the best for value.

You can't prove this thinking is wrong. Indeed, I was/am doing so.

Conder101

<< <i>With respect to PCGS grading Morgan dollars, they are the best.
The higher resale values prove this.
More people want a PCGS graded coin.
Period. >>


Higher resale value proves nothing about grading ability. It may say more about successful advertising and PR campaigns. We are a brand name concious society. An old well known brand name product will often retain their market share for a long time even if they degrade the quality of their product simply because people tend to simply go with the same product they have always used rather than do comparisons. Even when they do, the brand name familiarity tends to bias their opinions.

For that reason, I will agree that more people want PCGS graded coins. But that doesn't mean that they are better.

ricardouno

ANACS makes very public the names of their graders and their backrounds and qualifications. The customer knows exactly who is grading their coins.

ANACS offers very reasonable fees, especially if you are not in a rush to get back your coins.

ANACS has been a leader in giving friendly and free grading appraisals at coin shows. Their grading team has been collector-friendly and accessible to the public and not hidden in some grading room somewhere.

ANACS is extremely skilled in spotting important VAM varieties on Morgan dollars. A few coins I submitted were VAM attributed even though I did not request (or pay for) this service or initially spot the VAM variety. Considerable value was added to these pieces by their action.

ANACS has the most knowledgable grader of prooflike Morgan dollars in the business (Randy Campbell).

I like ANACS for the above reasons and also because their grading is usually as consistent and good as the other service in the area of my speciality (Morgan dollars).

baccaruda

I think ANACS also uses the strict ANA grading standards. You won't see an ANACS coin get a "bump" in grade because it's nicely toned.

zenny

<< <i>That's a big jump between 65 and 66 with the Peace dollars. It's a $60 coin vs. a $275 coin. Now I can never crack the thing out because I'll lose $200 as soon as the hammer hits the plastic.

>>




you get what you pay for.

a peace dollar of any date in true ms66 is not a $300 coin.

I'm not sure where you get the value of $275 for a peace dollar in 66, (I'm guessing it's from the percentage of greysheet bid price for anacs coins as indicated on the front page of the CDN), but if i was paying only 1/2 or so of the lowest indicated wholesale price for any coin i certainly wouldn't be expecting anything remotely resembling even average quality for the grade.

I am usually very happy with the anacs coins i purchase. It's not hard to find properly graded and properly attributed coins in anacs slabs and, as a very nice bonus, they do often trade at a considerable discount from the big two.

As an aside, i don't find anacs to be particularly tough on peace dollars.

z

baccaruda

You're right, I did get what I paid for. I think the coin was better than most 65s and not enough for a 66. I think ANACS may have given the 66 for the lustre. The coin has the sharpest, brightest, most even cartwheel lustre I've ever seen on a Peace. I'ts hard to photograph because it's so reflective. Unfortunately I really don't care much about lustre. There are marks on the reverse rays and that hit in the reverse field. The strike isn't anything special either. I can't tell what the line is on Liberty's neck. I don't know whether it's a crack or a scratch. ANACS is usually very tough on any scratch.

bushmaster8

<< <i> You won't see an ANACS coin get a "bump" in grade because it's nicely toned. >>



I have to disagree with this statement totally. I have seen many instances where color has had an obviously heavily weighted contribution to a highly graded ANACS coin.

One example of many: I have a 1946-s 5c with outrageous blue, pink, and yellow toning ANACS MS67. I sent it to pCGS for crossover but DNC. Finally I cracked it out and sent to PCGS raw and was flabberghasted when it came back MS65.

But ANACS wins hands down over all others when it comes to variety attribution. I sent PCGS a 1946-D/horiz. D Jefferson with the proper ID number for the variety and the D/D was noted on the submission invoice. PCGS dropped the ball...graded it as a non-variety Jeff. Now it is in an ANACS slab, properly attributed.