ANACS will still provide a net grade if requested...
RYK
Posts: 35,799 ✭✭✭✭✭
according to James Taylor (ANACS president) in the latest JR newsletter:
ANACS has changed its policy regarding net grade. In the past, ANACS would list on the holder a “detail grade”, the problem or problems the coin had and then a “net grade.” Henceforth our policy is to simply provide the “detail grade” and the coin’s single most significant problem. However, for those who request it, we will also provide a “net grade.”
Since becoming president of ANACS, I have been in a listening mode. My decision—and it is my decision and no one else’s--is based upon three factors. Having two grades on the label often complicated the transaction. Do you buy (or sell) the coin at the detail grade, the net grade or somewhere in the middle? Secondly, there are no accepted nor published standards for net grading, which makes net grades far more subjective than they should be, especially if they are factored into the coin’s price. Finally, since we discontinued net grading coins, I have been told by our graders that they can grade problem coins three to four times faster. This is important as we try to return coins to our customers as quickly as possible.
If this has previously been posted, please ignore.
If you would like to receive the free JR Newsletter, the email publication of the John Reich Collectors Society, send an email to JRNews@nyc.rr.com.
Robert
ANACS has changed its policy regarding net grade. In the past, ANACS would list on the holder a “detail grade”, the problem or problems the coin had and then a “net grade.” Henceforth our policy is to simply provide the “detail grade” and the coin’s single most significant problem. However, for those who request it, we will also provide a “net grade.”
Since becoming president of ANACS, I have been in a listening mode. My decision—and it is my decision and no one else’s--is based upon three factors. Having two grades on the label often complicated the transaction. Do you buy (or sell) the coin at the detail grade, the net grade or somewhere in the middle? Secondly, there are no accepted nor published standards for net grading, which makes net grades far more subjective than they should be, especially if they are factored into the coin’s price. Finally, since we discontinued net grading coins, I have been told by our graders that they can grade problem coins three to four times faster. This is important as we try to return coins to our customers as quickly as possible.
If this has previously been posted, please ignore.
If you would like to receive the free JR Newsletter, the email publication of the John Reich Collectors Society, send an email to JRNews@nyc.rr.com.
Robert
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