ANACS - Grading - Could use some info

MikeM

First of all I'm new so please excuse any stupid questions.....

I'm just wondering if someone might be able to answer some questions about grading.
I just got a coin back from Anacs. It came back slabbed marked cleaned, which I knew it would, BUT it came back VF 30 Details. What does that designation really mean?
It was looked at by several shops and they all agreed that it was an XF coin but cleaned. One owner used to grade for a living, so I have no reason not to belive him.

My question is how much does a cleaned coin drop in the grade it recieves......and does it depend on the coin? Did ANACS have a crappy day? Or are all the shops consisterntly overgrading.
Does any of this even majke sense?
Just wondering.

/noob

DennisH

Mike:

First, welcome to the boards!

Second, no question is dumb.

Third... ah, where to begin. Grading is a matter of opinion at all times, no matter who is doing it. ANACS is one of several companies that do it professionally, but that doesn't mean they're right all of -- or even any of -- the time. There are some here who think they're great; some who think they're horrible; and many who think they're somewhere in the middle. These same comments apply to anyone and everyone else who takes a stab at grading coins, no matter how long they've been doing it.

Cleaning does hurt a coin's value, but how much depends on a million things -- not the least of which is the fundamental rarity of the coin, but also the severity of the cleaning and its impact on eye appeal. In other words, there's no easy rule of thumb at all.

Sorry I can't be of more help. Perhaps a few more details about the coin would allow others to give a better opinion.

Bochiman

Anacs practices "net grading" for damaged coins.

So, technically, coin is XF, however, due to cleaning, it should be viewed as saleable more around the VF30 range.

longtimecollector

I think you've got it wrong Bocihman......... The grade listed on the holders (netted) is the grade the coin would have been assigned if the coin was "problem free"...... Hence, an EF45 Morgan that had been cleaned would carry an ANACS grade of EF45 Details - Cleaned

MikeM

Longtimecollector.....thats what I thought. And thats why I am confused as to why it graded that low. The coin in question is a 21 Merc.
I know pics suck to determin grades but I might take some and post them.

UncleWiggly

<< <i>Anacs practices "net grading" for damaged coins.

So, technically, coin is XF, however, due to cleaning, it should be viewed as saleable more around the VF30 range. >>




CERTIFIABLE. I don't think Bochiman is wrong at all. If a coin is net graded, it usually gets priced at a grade lower.



Jerry

BlindedByEgo

<< <i>I think you've got it wrong Bocihman......... The grade listed on the holders (netted) is the grade the coin would have been assigned if the coin was "problem free"...... Hence, an EF45 Morgan that had been cleaned would carry an ANACS grade of EF45 Details - Cleaned >>




I agree. ANACS prior net grading would say EF45 details Net VF Cleaned (or in MikeM's case, VF30 Details Net ???). Since they decided that they could not be arbitrary market makers for net graded coins (ascribing their own opinions regarding to what the coin value should be reduced), they changed to the details only grade - let the market figure out the discount. A wise move on their part, I believe.

MikeM, if your dealer friends are willing to pay you EF cleaned money, take it and buy a problem free VF. The market will probably demand a discount on the coin from VF30 Cleaned, as slabbed.

Welcome to the boards. All of my opinions are supplied absolutely free, and are eminently ignorable.



Edited for clarification of my fuzzy logic and poor wording.

RedTiger

It means that ANACS grades the coin VF30, and believes it was cleaned. There isn't that big a difference in grade between VF30 and XF40, though there is a big price jump. Opinions often vary that much, even when sending in the same coin to the same company. As far as value, that depends on the buyer/bidder. Personally, I would not offer strong money for that coin, perhaps 20% back of VF20 money, if the cleaning is light. Other buyers/bidders will have their own opinions, some may pay more, some less.

mozin

Looks like the several shops you went to with your coin overgrade when compared with ANACS grading standards.

Some collectors might pay VF20 money for a coin like yours. I would agree with RedTiger, normally such a coin would be worth 20% back of VF20 bid with light cleaning.

I only buy PCGS/NGC/ANACS/ICG encapsulated coins, and I do not buy ANACS net graded coins.

MikeM

The coin in question can bee seen here.....scroll down a bit

http://forums.collectors.com/arcmessageview.cfm?catid=28&threadid=405956&highlight_key=y

Cleaned but better then a vf30....Like I said its weird why it scored low.

Wolf359

Welcome!

I always view ANACS net grading as their opinon if the coin was worn down MORE, it
would again, be all original at VF30.

Conder101

The grade shown on current ANACS slab reflect the detail grade due to wear only. They no longer net grade, even on the "problem coin" slab unless it is specificly requested. And when they do they state it as a net grade. So ANACS is saying that your coin has been cleaned but that if it didn't have the problem it would grade as a VF-30. Not that it has been net gaded down to a VF-30.