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ANACS in Austin is GONE! - New Info Added

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  • << <i>James retired from ANACS because it was either Colorado with his family or ANACS in Austin. Tough choice!

    The Anderson's have never sold a business, as far as I know, so I would suspect the ownership of ANACS is not changing, just the management.

    Perhaps James is being offered a stake in the business. We'll have to wait until the speculation clears to see what the deal is.

    As far as I know, James was THE driving force behind ANACS' success before he left and having on board is a key ingredient to their future.

    I say, Way to go! Great business decision! Good luck James! >>



    Sure, piss on the loyal employees that you just dumped with absolutely no notice.image
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  • Wolf359Wolf359 Posts: 7,657 ✭✭✭
    My last VAM order was a 15 day to ANACS. It was delayed because ANACS shipped the coins from Texas to Ohio so John could
    confirm the VAMs. Yes, John Roberts remained in Ohio.

    The Anderson Press web site still lists ANACS as a subsidiary and their are no new press releases.
  • AngryTurtleAngryTurtle Posts: 1,566 ✭✭✭


    << <i>Put ANACS and ICG together, rearrange the letters, and it's CAC'S GAIN. Coincidence? image >>

    imageimageimageimage
  • cmerlo1cmerlo1 Posts: 7,919 ✭✭✭✭✭


    << <i>James retired from ANACS because it was either Colorado with his family or ANACS in Austin. Tough choice!

    The Anderson's have never sold a business, as far as I know, so I would suspect the ownership of ANACS is not changing, just the management.

    Perhaps James is being offered a stake in the business. We'll have to wait until the speculation clears to see what the deal is.

    As far as I know, James was THE driving force behind ANACS' success before he left and having him on board is a key ingredient to their future.

    I say, Way to go! Great business decision! Good luck James! >>



    The employees were told in the meeting this morning that the company had been sold...the person I talked to did say that James was a good guy, and he enjoyed working for him when he was there...
    You Suck! Awarded 6/2008- 1901-O Micro O Morgan, 8/2008- 1878 VAM-123 Morgan, 9/2022 1888-O VAM-1B3 H8 Morgan | Senior Regional Representative- ANACS Coin Grading. Posted opinions on coins are my own, and are not an official ANACS opinion.
  • BAJJERFANBAJJERFAN Posts: 31,098 ✭✭✭✭✭
    Did JT Exxon Valdez it?
    theknowitalltroll;
  • TomBTomB Posts: 21,399 ✭✭✭✭✭
    In the grand scheme of things the TPG doesn't matter, but these are people's lives that have just been turned upside-down.
    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
  • Very interesting. IMO it would be great if ANACS and ICG merged...one less competing tpg. image A complete redo of the slab would be very nice (which would obviously happen anyway if ANACS and ICG merged...image). Something similar to their old holder...but different enough to tell the difference.
    aka Dan
  • keetskeets Posts: 25,351 ✭✭✭✭✭
    3. the hobby as a whole will further close ranks and force the number of recognized grading services which are legitimate to shrink, finally starting to eliminate the NNC's, Numistrust's, et al, till there remains only single digit grading service options.

    strange is a little inadequate for this one, since in just a little over ten days since i posted in jest we have had two announcements, the PCI "Sale Ad" in CW and now this!!!! it is long overdue and anyone who didn't see the writing on the wall when ANACS started the wholesale personnel changes a few years ago wasn't paying attention. perhaps what's really going on is a quasi-merger betwen ANACS and ICG with the new name being SCAG!!!!
  • BAJJERFANBAJJERFAN Posts: 31,098 ✭✭✭✭✭


    << <i>In the grand scheme of things the TPG doesn't matter, but these are people's lives that have just been turned upside-down. >>



    Its the American way anymore; one just needs to get used to it. Americans are like Mexicans; plentiful and expendable.
    theknowitalltroll;
  • cmerlo1cmerlo1 Posts: 7,919 ✭✭✭✭✭


    << <i>My last VAM order was a 15 day to ANACS. It was delayed because ANACS shipped the coins from Texas to Ohio so John could
    confirm the VAMs. Yes, John Roberts remained in Ohio.
    >>



    I was told this about my last VAM order, which was just fine by me...they also had Mike Ellis here doing varieties. I don't know what happend with him...
    You Suck! Awarded 6/2008- 1901-O Micro O Morgan, 8/2008- 1878 VAM-123 Morgan, 9/2022 1888-O VAM-1B3 H8 Morgan | Senior Regional Representative- ANACS Coin Grading. Posted opinions on coins are my own, and are not an official ANACS opinion.
  • This makes no sense whatsoever.

    When Anacs announced the move to Austin it was months before they did in fact move.

    now for the most part any large company does not lease space like an apartment or a house- they normally do it in 5 year hitches- this would seem highly unlikely that they were losing money by staying in Austin.

    If in fact James Taylor and crew did buy Anacs or a stake in the share of it- then it would be plausible tomake a move north- but not on a over the holiday whim.

    I last spoke to Idahogal 2 weeks ago when I sent in a nice order of Morgans and a few other choice items(4K in value) nothing mentioned about a move or buyout or anything, in fact she was on vacation up north this past week.

    Anyone have Randy Campbell's number- give him a call and he might be able to enlighten us a bit.

    If there is a merger- it could put pressure on at least NGC to tighten there standards up. PCGS is still by far the best- but they will look at this if it is a merger..

    as for the Barbers- they did find them. hope they don't lose anything on this trip.

  • YaHaYaHa Posts: 4,220


    << <i>

    << <i>Apparently, it was purchased by James Taylor and his company, Driving Force on Friday >>




    Any chance this move will result in bringing up their grading standards to match PCGS's? This is an opportunity to move the hobby closer to having consistent grading standards. They could easily move from #3 to # 2 very quickly. >>



    I thought #1 was Pcgs.#2 Was NGC.#3 was ICG, and now Anacs could move to #2 if they get their standards together? I so confused!!image
  • BECOKABECOKA Posts: 16,960 ✭✭✭


    << <i>This makes no sense whatsoever.

    When Anacs announced the move to Austin it was months before they did in fact move.

    now for the most part any large company does not lease space like an apartment or a house- they normally do it in 5 year hitches- this would seem highly unlikely that they were losing money by staying in Austin.

    If in fact James Taylor and crew did buy Anacs or a stake in the share of it- then it would be plausible tomake a move north- but not on a over the holiday whim.

    I last spoke to Idahogal 2 weeks ago when I sent in a nice order of Morgans and a few other choice items(4K in value) nothing mentioned about a move or buyout or anything, in fact she was on vacation up north this past week.

    Anyone have Randy Campbell's number- give him a call and he might be able to enlighten us a bit.

    If there is a merger- it could put pressure on at least NGC to tighten there standards up. PCGS is still by far the best- but they will look at this if it is a merger..

    as for the Barbers- they did find them. hope they don't lose anything on this trip. >>



    Just means that the planning was going on for a while and the employees were just notified.
  • ziggy29ziggy29 Posts: 18,668 ✭✭✭


    << <i>I thought #1 was Pcgs.#2 Was NGC.#3 was ICG, and now Anacs could move to #2 if they get their standards together? I so confused!!image >>

    Well, as long as we're talking about perception and accepting that there's a lot of overlap, maybe. But in reality, some TPGs are "better" in some segments than others. There's no one better in ancients than ICG, for example. But ICG also struggles with overgrading moderns in my opinion (which is shared by many). NGC might be the most consistent but are a little looser on PCGS than average (though perception leads to crackouts and crossovers which exaggerates the actual difference).

    I think ANACS lost some of their niche when NCS got going. Until then, ANACS was the one place where you could take a rare and/or key date coin and get it authenticated reliably despite the problems. Add to that some instability and moving around, and radical changes in holdering, and the product is seen as all over the place.

    I think if the best and brightest from ANACS and ICG (also in Colorado) were together and backed by serious and committed money, they could go places. But not much money is committed enough to taking heavy losses for a couple years as they earn more respect in the marketplace and watch their good work get cracked out to PCGS (even at the same or lower grade) because of market perception.


  • Just means that the planning was going on for a while and the employees were just notified. >>



    Idahogal is/was the Customer Service Manager- I'm sure they would let dept heads know what was transpiring.
  • MyqqyMyqqy Posts: 9,777
    I think if the best and brightest from ANACS and ICG (also in Colorado) were together and backed by serious and committed money, they could go places. But not much money is committed enough to taking heavy losses for a couple years as they earn more respect in the marketplace and watch their good work get cracked out to PCGS (even at the same or lower grade) because of market perception.

    I agree- as a collector, I would love to see some serious competition in the grading world to keep pcgs and ngc focused, and prevent too much power influence being concentrated in one area...
    My style is impetuous, my defense is impregnable !
  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭
    I agree- as a collector, I would love to see some serious competition in the grading world to keep pcgs and ngc focused, and prevent too much power influence being concentrated in one area...

    image
  • RussRuss Posts: 48,514 ✭✭✭


    << <i>I agree- as a collector, I would love to see some serious competition in the grading world to keep pcgs and ngc focused, and prevent too much power influence being concentrated in one area >>



    I also agree. I'd like to see a group formed to evaluate and sticker coins that are found suitably graded.

    Russ, NCNE
  • cmerlo1cmerlo1 Posts: 7,919 ✭✭✭✭✭


    << <i>Just means that the planning was going on for a while and the employees were just notified. >>



    Idahogal is/was the Customer Service Manager- I'm sure they would let dept heads know what was transpiring. >>



    ...was the Customer Service Manager- I heard she's gone too...
    You Suck! Awarded 6/2008- 1901-O Micro O Morgan, 8/2008- 1878 VAM-123 Morgan, 9/2022 1888-O VAM-1B3 H8 Morgan | Senior Regional Representative- ANACS Coin Grading. Posted opinions on coins are my own, and are not an official ANACS opinion.
  • BearBear Posts: 18,953 ✭✭✭
    What a Christmas gift for the employees

    that were laid off. Why does this always

    seem to happen over the holidays. Bummer.
    There once was a place called
    Camelotimage
  • dizzleccdizzlecc Posts: 1,113 ✭✭✭
    It would not be surprising that managers were not aware.

    In cases like this, the only people in the loop are the decision makers.

    It doesn't matter where the company is located, what makes the difference is the quality of the people. Tough to hold onto quality people after making a drastic change in course.

    Only time will tell whatever ends up in Colorado will have quality people.
  • holeinone1972holeinone1972 Posts: 5,348 ✭✭✭


    << <i>What a Christmas gift for the employees

    that were laid off. Why does this always

    seem to happen over the holidays. Bummer. >>



    Could be worse, they could be the guy killed by the tiger at the zoo on Christmas day.

    I hope all affected do well, but come on, it was a job and most of us have lost them, and recovered from it as well.


    image


  • << <i>Well I certainly hope idahogal moves with it to Colorado! >>



    imageThat was the first thing that came to your mind about this?
    Quis custodiet ipsos custodes?

    Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."

    image
  • MyqqyMyqqy Posts: 9,777
    I'd like to see a group formed to evaluate and sticker coins that are found suitably graded.

    Holy crap! Why has no one thought of this before?? image
    My style is impetuous, my defense is impregnable !
  • LeeGLeeG Posts: 12,162
    I've always been told: "Take care of your people and they'll take care of you". Really sad it didn't work here! First move seems like a very bad one to me.


  • << <i>

    << <i>Well I certainly hope idahogal moves with it to Colorado! >>



    imageThat was the first thing that came to your mind about this? >>




    We all like Idahogal

    and if you've ever met her....


    Welll
  • RussRuss Posts: 48,514 ✭✭✭
    This just in! According to a post on the eBay coin forum, Taylor has left ICG.

    Russ, NCNE
  • Wolf359Wolf359 Posts: 7,657 ✭✭✭


    << <i>This just in! According to a post on the eBay coin forum, Taylor has left ICG.

    Russ, NCNE >>



    Again?
  • coinkatcoinkat Posts: 23,314 ✭✭✭✭✭
    merger

    Experience the World through Numismatics...it's more than you can imagine.

  • EagleEyeEagleEye Posts: 7,677 ✭✭✭✭✭
    Sure, piss on the loyal employees that you just dumped with absolutely no notice.

    Yes, it is sad that the loyal employees are now out in the cold. Mike Ellis is a good friend and I hope he can move with them. Randy Campbell is a great guy too. I think he was looking to retire in the near future.

    I wish them all my best wishes and hope that no one is put out too badly in this transaction.

    If the Anderson's actually did sell to James, that tells me that ANACS was really not doing so good.
    Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:
  • Coin FinderCoin Finder Posts: 7,214 ✭✭✭✭✭
    Perhaps some of the other grading companies could use some help? Heritage was looking for people a while back. I wish those afferted the best and this kind of thing can be a blessing sometimes.

    I hope for the best for those affected.
  • sweetwillietsweetwilliet Posts: 2,315 ✭✭✭
    I wonder what this means will happen to the package I sent to them in Austin this morning to be graded.
    Listen. Strange women lying in ponds distributing swords is no basis for a system of government. Supreme executive power derives from a mandate from the masses, not from some farcical aquatic ceremony.
    Will’sProoflikes
  • TootawlTootawl Posts: 5,877 ✭✭✭
    What a crap way to treat your employees.
    No advanced notification.
    Just a "see ya later".
    PCGS Currency: HOF 2013, Best Low Ball Set 2009-2014, 2016, 2018. Appreciation Award 2015, Best Showcase 2018, Numerous others.


  • << <i>...drama... >>



    ...action!...
    Quis custodiet ipsos custodes?

    Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."

    image
  • TootawlTootawl Posts: 5,877 ✭✭✭


    << <i>

    << <i>...drama... >>



    ...action!... >>



    ... adventure! ...
    PCGS Currency: HOF 2013, Best Low Ball Set 2009-2014, 2016, 2018. Appreciation Award 2015, Best Showcase 2018, Numerous others.
  • BarryBarry Posts: 10,100 ✭✭✭
    I don't see how Taylor back at ANACS would be a positive.

    Fool me once, shame on you. Fool me twice, shame on me...
  • See, I'm thinkin thrice. I mean, at whose feet do you lay the blame for the enduring hit to their cred that ICG took with the ubiquitous 70's on everything?
    Quis custodiet ipsos custodes?

    Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."

    image
  • CoxeCoxe Posts: 11,139


    << <i>Wow.

    My immediate thoughts and hopes are for one of the really good guys in the coin world, John Roberts. >>



    Exactly my thought. If they did let him go, I hope PCGS is astute enough to consider issuing an invite and perhaps expand their current variety service.

    I have hundreds of Morgans that were going out to ANACS but I procrastinated thinking I could get a few more and a few more to add to the order. Oh well. Was going to wait until after FUN to send to there and PCGS anyway.
    Select Rarities -- DMPLs and VAMs
    NSDR - Life Member
    SSDC - Life Member
    ANA - Pay As I Go Member
  • IMHO about the time ANACS moved to Texas and changed their slab the 3 second tier slabbers have been headed down hill fast. The three second tier slabbers...ANACS, ICG, PCI... some faster then others.
  • BochimanBochiman Posts: 25,423 ✭✭✭✭✭
    I feel for the employees.
    I do know that I have submitted, ONCE, to Anacs and was not happy. I don't believe they did much research/look at the variety of 2 coins I sent in, nor am I happy with their grading (I feel they got 1 out of 2 Roosies right as they both came from an original roll......one got MS66 and the other AU58.....slightly toned as well).

    I won't pay a premium for their coins but I won't pass them by, either. I look at slabbed coins for their own merits.

    I am surprised by how much JT jumps around....in my industry, there are non-compete clauses, which, of course, don't hold up in CA. I would think that at the level he is paid, they would non-compete him.

    Best wishes to Idahogal (Traci) and the rest of Anacs staff that seem to have been scrooged.

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • fcfc Posts: 12,793 ✭✭✭
    i am amazed how everyone is discussing this like a coin grading
    company is something special and impossible to start up/manage/
    and maintain. talk about a business that requires very little in the
    way of supplies/tools/resources and only needs a handful of people
    to work and grade.

    this coin industry is so incestous it is hilarious.

    coin collectors want properly graded coins and dealers want "their"
    grades. which do you think will end up happening? LOL.

    learn how to grade you freaks! i cannot get over how much you guys
    like discussing these "people". ask me, all of them have failed to live
    up to their vaunted reputations but it appears many here like the abuse!

    drama is right.
  • No more Ribs at the "County Line"? That's not worth the move!


  • << <i>

    << <i>

    << <i>...drama... >>



    ...action!... >>



    ... adventure! ... >>



    ...romance!...
    Quis custodiet ipsos custodes?

    Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."

    image
  • My 2 cents,

    Employees were treated like sh*t, what a crappy thing to do. On the upside, I went through a buy out a few months ago and sometimes the grass is greener. Let me know if I can help. I live in Dallas, know some people at Heritage and know of a shop for sale(not publicly advertised) that does very well that is very reasonably priced with a good amount of inventory. If you want to take the leap PM me. I'll do anything I can.

  • cmerlo1cmerlo1 Posts: 7,919 ✭✭✭✭✭


    << <i>No more Ribs at the "County Line"? That's not worth the move! >>



    I prefer Rudy's or The Salt Lick....
    You Suck! Awarded 6/2008- 1901-O Micro O Morgan, 8/2008- 1878 VAM-123 Morgan, 9/2022 1888-O VAM-1B3 H8 Morgan | Senior Regional Representative- ANACS Coin Grading. Posted opinions on coins are my own, and are not an official ANACS opinion.
  • dcarrdcarr Posts: 8,580 ✭✭✭✭✭


    << <i>See, I'm thinkin thrice. I mean, at whose feet do you lay the blame for the enduring hit to their cred that ICG took with the ubiquitous 70's on everything? >>



    Out of 224 "MS-70" coins listed on eBay right now, 1 is ANACS, 28 are ICG, 29 are PCGS, 135 are NGC.
    Out of 484 "MS70" coins listed on eBay right now, 0 are ANACS, 27 are ICG, 114 are PCGS, 314 are NGC.

    Out of 269 "PR70" coins listed on eBay right now, 0 are ANACS, 116 are ICG, 101 are PCGS, 33 are NGC.
    Out of 50 "PR-70" coins listed on eBay right now, 0 are ANACS, 9 are ICG, 14 are PCGS, 22 are NGC.

    Out of 269 "PF70" coins listed on eBay right now, 1 is ANACS, 3 are ICG, 4 are PCGS, 578 are NGC.
    Out of 210 "PF-70" coins listed on eBay right now, 1 is ANACS, 4 are ICG, 4 are PCGS, 170 are NGC.

    Totals for all "70" grades (MS, PR, & PF):

    ANACS: 3
    ICG: 187
    PCGS: 266
    NGC: 1,252

    I think the numbers speak for themselves.
  • BochimanBochiman Posts: 25,423 ✭✭✭✭✭


    << <i>

    << <i>See, I'm thinkin thrice. I mean, at whose feet do you lay the blame for the enduring hit to their cred that ICG took with the ubiquitous 70's on everything? >>



    Out of 224 "MS-70" coins listed on eBay right now, 1 is ANACS, 28 are ICG, 29 are PCGS, 135 are NGC.
    Out of 484 "MS70" coins listed on eBay right now, 0 are ANACS, 27 are ICG, 114 are PCGS, 314 are NGC.

    Out of 269 "PR70" coins listed on eBay right now, 0 are ANACS, 116 are ICG, 101 are PCGS, 33 are NGC.
    Out of 50 "PR-70" coins listed on eBay right now, 0 are ANACS, 9 are ICG, 14 are PCGS, 22 are NGC.

    Out of 269 "PF70" coins listed on eBay right now, 1 is ANACS, 3 are ICG, 4 are PCGS, 578 are NGC.
    Out of 210 "PF-70" coins listed on eBay right now, 1 is ANACS, 4 are ICG, 4 are PCGS, 170 are NGC.

    Totals for all "70" grades (MS, PR, & PF):

    ANACS: 3
    ICG: 187
    PCGS: 266
    NGC: 1,252

    I think the numbers speak for themselves. >>



    No, they don't, imho.
    The post you quoted said "enduring hit" and that is the key.
    Go back about 8 years and look at the 1999 SHQs. See what is a 70 grade there. Go look at pre-2006 SAEs and see.
    ICG SUCKED when it came to these....they 70'ed things that shouldn't have been and way too many of those.
    NGC does as well, but only recently from what I have seen.

    PCGS 69s things that should be 68 (imho) but doesn't 70 things that should be 69 (they do 69 things that should be 70, again, imho).

    Again, the key words were "enduring hits"....now, many people that would have gone there for these will go NGC for the same thing, and slightly better rep....though, I think NGC is hurting their modern rep right now....more like just paying for the slabbing for protection versus grading.

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • numismanumisma Posts: 3,877 ✭✭✭✭


    100?
  • numismanumisma Posts: 3,877 ✭✭✭✭

    I've never tried the "100" thing before and not even sure how to check it. Do you get a prize or something for the 100th post?

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