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ANACS in Austin is GONE! - New Info Added

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  • PhillyJoePhillyJoe Posts: 2,701 ✭✭✭✭
    Reminds me of when the Baltimore Colts left town under cover of darkness. Fans in Baltimore have never forgotten.

    Still can't tell if this is a merger or a liquidation. Dump the employees and move the equipment?

    Fans of ANACS may not forget for a long time.


    Joe
    The Philadelphia Mint: making coins since 1792. We make money by making money. Now in our 225th year thanks to no competition. image


  • << <i>Reminds me of when the Baltimore Colts left town under cover of darkness. Fans in Baltimore have never forgotten.

    Still can't tell if this is a merger or a liquidation. Dump the employees and move the equipment?

    Fans of ANACS may not forget for a long time.


    Joe >>





    So who do you blame though? The old or new owners of ANACS?
  • MrEurekaMrEureka Posts: 24,286 ✭✭✭✭✭
    Fans of ANACS may not forget for a long time.

    ANACS has fans?
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • TootawlTootawl Posts: 5,877 ✭✭✭


    << <i>Fans of ANACS may not forget for a long time.

    ANACS has fans? >>


    Not any more.
    PCGS Currency: HOF 2013, Best Low Ball Set 2009-2014, 2016, 2018. Appreciation Award 2015, Best Showcase 2018, Numerous others.
  • dbldie55dbldie55 Posts: 7,735 ✭✭✭✭✭


    << <i>

    << <i>Reminds me of when the Baltimore Colts left town under cover of darkness. Fans in Baltimore have never forgotten.

    Still can't tell if this is a merger or a liquidation. Dump the employees and move the equipment?

    Fans of ANACS may not forget for a long time.


    Joe >>





    So who do you blame though? The old or new owners of ANACS? >>



    I would think the old owners.
    Collector and Researcher of Liberty Head Nickels. ANA LM-6053
  • TexastTexast Posts: 1,899 ✭✭✭✭
    Maybe I missed it in this thread, is there any association between Taylor and the people that started CAC? Could this be Phase II of the CAC marketing plan?
    On BS&T Now: Nothing.
    Fighting the Fight for 11 Years with the big "C" - Never Ever Give Up!
    Member PCGS Open Forum board 2002 - 2006 (closed end of 2006) Current board since 2006 Successful trades with many members, over the past two decades, never a bad deal.
  • PhillyJoePhillyJoe Posts: 2,701 ✭✭✭✭


    << <i>


    So who do you blame though? The old or new owners of ANACS? >>



    If grading/slabbing equipment was needed; PCI's stuff is being auctioned off next month.

    I can't believe the old owner would move everyone from Ohio two years ago just to throw them out now.

    I can't believe the new owner thinks this will help the ANACS name. If it didn't work in Ohio and it didn't work in Austin, how is it gonna work in Colorado?

    Joe
    The Philadelphia Mint: making coins since 1792. We make money by making money. Now in our 225th year thanks to no competition. image
  • coinkatcoinkat Posts: 23,314 ✭✭✭✭✭
    I have a feeling we will all find out soon enough... perhaps this could have been orchestrated better because it really does seem that some folks have some explaining to do.

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

  • BAJJERFANBAJJERFAN Posts: 31,098 ✭✭✭✭✭
    What a douche bag move by the old owner/s. Guess they were turd party grading for a reason. If I owned any ANACS slabbed coins I'd crack em so fast they'd get whiplash from from watchin me do it; the sooner the collecting public forgets about their existence the better. Maybe the old employees could buy up the PCI stuff and start a new service.
    theknowitalltroll;
  • PhillyJoePhillyJoe Posts: 2,701 ✭✭✭✭
    For anyone going to FUN in two weeks, let's meet at the ANACS or PCI booths. Should be plenty of room for all of us.

    Joe
    The Philadelphia Mint: making coins since 1792. We make money by making money. Now in our 225th year thanks to no competition. image
  • Wolf359Wolf359 Posts: 7,657 ✭✭✭


    << <i>I just talked to Traci, they were told yesterday that the company has been sold and that they are out of a job. The kicker is, they were told since the company was sold the 21st, pay or Xmas eve and Xmas wasn't their problem. >>



    If the employees received notice before Christmas, it wouldn't be an issue. But I don't think you can do this after Christmas and get away with it. Doesn't that violate a few
    laws?
  • BochimanBochiman Posts: 25,423 ✭✭✭✭✭
    That's what I was thinking.....if the employees were off for the holidays under the assumption of pay, because mgmt/ownership never made notice of sale and layoff, they may still be legally liable for the pay.....this is a litiguous society and I think business may lose (even in Texas) on this one.

    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



  • << <i>To such an extent that I would NEVER again consider doing business with this company or the responsible parties...that would include ANACS, Whitman/Anderson and James Taylor.. >>




    << <i>Frankly, IMHO, any company that would shaft employees would not hesitate to shaft customers, as well... >>



    image

    what they did was cold!
    steve

    myCCset
  • RYKRYK Posts: 35,797 ✭✭✭✭✭
    That's what I was thinking.....if the employees were off for the holidays under the assumption of pay, because mgmt/ownership never made notice of sale and layoff, they may still be legally liable for the pay.....this is a litiguous society and I think business may lose (even in Texas) on this one.

    As the husband of a labor and employment lawyer, I feel I have some expertise in this area. image My guess is that the transaction would have been completed to the letter of the law and the terminated parties paid through December 31, if not beyond.

  • BochimanBochiman Posts: 25,423 ✭✭✭✭✭


    << <i> That's what I was thinking.....if the employees were off for the holidays under the assumption of pay, because mgmt/ownership never made notice of sale and layoff, they may still be legally liable for the pay.....this is a litiguous society and I think business may lose (even in Texas) on this one.

    As the husband of a labor and employment lawyer, I feel I have some expertise in this area. image My guess is that the transaction would have been completed to the letter of the law and the terminated parties paid through December 31, if not beyond. >>



    If they did that, then that is fine (still not the best for the employees but not as bad as portrayed).

    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



  • << <i>Fans of ANACS may not forget for a long time.

    ANACS has fans? >>




    Yes dispite some of the rants here.....
  • RussRuss Posts: 48,514 ✭✭✭


    << <i>Maybe I missed it in this thread, is there any association between Taylor and the people that started CAC? Could this be Phase II of the CAC marketing plan? >>



    Not likely, since both ICG and ANACS have been snubbed by the CAC.

    Russ, NCNE
  • MadMartyMadMarty Posts: 16,697 ✭✭✭


    << <i>

    << <i>Maybe I missed it in this thread, is there any association between Taylor and the people that started CAC? Could this be Phase II of the CAC marketing plan? >>



    Not likely, since both ICG and ANACS have been snubbed by the CAC.

    Russ, NCNE >>



    Maybe it's all part of the grand scheme of things!!

    image
    It is not exactly cheating, I prefer to consider it creative problem solving!!!

  • ConnecticoinConnecticoin Posts: 12,920 ✭✭✭✭✭


    << <i>3. If they replaced everyone with ICG employees, which my source has told me is the case, then the coins coming from them will essentially be ICG-graded coins.
    .. >>



    Then who is going to grade coins for ICG?
  • dbcoindbcoin Posts: 2,200 ✭✭
    It sounds like ICG bought out ANACS if that is the case. So this is a merger?
  • 291fifth291fifth Posts: 24,406 ✭✭✭✭✭


    << <i>It sounds like ICG bought out ANACS if that is the case. So this is a merger? >>



    I am starting to wonder if is actually an elimination.
    All glory is fleeting.
  • We're getting nowhere speculating.
    aka Dan
  • FatManFatMan Posts: 8,977
    Looks like ICG now has the 2nd tier TPG market cornered. They should be very proud. Now they can stink twice as much.image

    IMO, ANACs, screwed the pooch on the move to Austin. The little value that remained after the move was based upon very limited customer loyalty to a few key graders and employees. Now that they have been let go, I see very little value to the company.
  • numismanumisma Posts: 3,877 ✭✭✭✭


    I met with a customer today in San Diego. In the course of our conversation he showed me his recent ANACS submission form of an expensive coin (he just mailed it a few days ago). I said, "didn't you hear the news?". He was not pleased after I filled him in on what happened. His question was "who is going to sign for my package in Austin?" ANACS should have made a public announcement a month or so ago so that people would have a choice if submitting coins.
  • SandhawkSandhawk Posts: 1,154 ✭✭✭


    Here is a gift idea from the mouth of a former ANACS employee.............

    "Hey. If any of you are looking for any last-minute gift ideas for me, I have one. I'd like my boss, right here tonight. I want him brought from his happy holiday slumber over there on Melody Lane with all the other rich people and I want him brought right here, with a big ribbon on his head, and I want to look him straight in the eye and I want to tell him what a cheap, lying, no-good, rotten, four-flushing, low-life, snake-licking, dirt-eating, inbred, overstuffed, ignorant, blood-sucking, dog-kissing, brainless, d!ckless, hopeless, heartless, fat-ace, bug-eyed, stiff-legged, spotty-lipped, worm-headed sack of monkey shizz he is. Hallelujah. Holy shizz. Where's the Tylenol? "




    Actually from Clark W. Griswold, but I figured that it might be appropriate here as well!



    imageimage

  • BAJJERFANBAJJERFAN Posts: 31,098 ✭✭✭✭✭


    << <i>I met with a customer today in San Diego. In the course of our conversation he showed me his recent ANACS submission form of an expensive coin (he just mailed it a few days ago). I said, "didn't you hear the news?". He was not pleased after I filled him in on what happened. His question was "who is going to sign for my package in Austin?" ANACS should have made a public announcement a month or so ago so that people would have a choice if submitting coins. >>



    They are likely having mail held at the Austin P O or forwarded so there should be no need to have mail signed for.
    theknowitalltroll;
  • keetskeets Posts: 25,351 ✭✭✭✭✭
    If it didn't work in Ohio and it didn't work in Austin, how is it gonna work in Colorado?

    ANACS worked just fine in Ohio.
  • AUandAGAUandAG Posts: 24,794 ✭✭✭✭✭
    Personally, I don't care what they do in the future. I will not ever do business with this POS company.
    Any employer that does that to it's workforce is blacklisted in my book. Where are the ethics and morals today?
    Amen.
    bobimage
    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com


  • << <i>

    << <i>Fans of ANACS may not forget for a long time.

    ANACS has fans? >>




    Yes dispite some of the rants here..... >>



    What are the things you like the best about ANACS?
    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


  • << <i>If it didn't work in Ohio and it didn't work in Austin, how is it gonna work in Colorado?

    ANACS worked just fine in Ohio. >>





    Whose idea was it to move to Austin. It's too hot there.
  • BAJJERFANBAJJERFAN Posts: 31,098 ✭✭✭✭✭


    << <i>

    << <i>If it didn't work in Ohio and it didn't work in Austin, how is it gonna work in Colorado?

    ANACS worked just fine in Ohio. >>





    Whose idea was it to move to Austin. It's too hot there. >>



    Didn't they want to be closer to Heritage?
    theknowitalltroll;
  • RichieURichRichieURich Posts: 8,485 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>If it didn't work in Ohio and it didn't work in Austin, how is it gonna work in Colorado?

    ANACS worked just fine in Ohio. >>





    Whose idea was it to move to Austin. It's too hot there. >>



    Didn't they want to be closer to Heritage? >>



    Ah yes, Heritage slabs so much with ANACS. Check Heritage's website, what is ANACS maybe a couple percent of their auction volume and even less than that based on dollar value.

    An authorized PCGS dealer, and a contributor to the Red Book.



  • << <i>

    << <i>

    << <i>If it didn't work in Ohio and it didn't work in Austin, how is it gonna work in Colorado?

    ANACS worked just fine in Ohio. >>





    Whose idea was it to move to Austin. It's too hot there. >>



    Didn't they want to be closer to Heritage? >>





    Who is "they" ?

    People working for ANACS while they were still in Ohio?

    People hired by Whitman after purchasing it?

    Or just Whitman itself?




  • fcfc Posts: 12,793 ✭✭✭
    Check Heritage's website, what is ANACS maybe a couple percent of their auction volume and even less than that based on dollar value.

    in the half eagle section there is so much net graded anacs slabs with
    half eagles in them it sometimes get me disappointed to even look
    at it.

    the coins are soooo bad, so shiny, i do not understand why people
    buy them :-(

    dont get me wrong, i like rare half eagles with minor problems, say an
    old scratch, a bit of wierd tooling to remove dirt, or a rim ding.. but
    most are polished, shiny as all heck/dipped, and scrubbed with a brillo pad :-(

    lots of anacs coins of all types in the half eagle area
  • DennisHDennisH Posts: 13,995 ✭✭✭✭✭
    I just got off the phone with a good friend who has spoken to James Taylor twice in the last two days. Taylor confirms that he is the new and sole owner of ANACS; that the company is relocating to Colorado; and neither he nor ANACS has any affiliation with ICG. No details about the precise location of the new location, or a date when operations would resume, or the completion status of orders already in process were given. My friend, by the way, has approximately 2,000 coins currently in the submission process at ANACS.
    When in doubt, don't.
  • BochimanBochiman Posts: 25,423 ✭✭✭✭✭
    He must have been getting paid a buttload to jump ship each time...to buy his own grading service....will be interesting to see their new employees, policies, and grades image

    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

  • BAJJERFANBAJJERFAN Posts: 31,098 ✭✭✭✭✭
    He will probly outsource the work to some Chinese company. With the exception of the shabby treatment of the ANACS employees and the fact thats its good juicy gossip, I really don't give a ratzazz about if when or where he relocates the business as I have no intention of availing myself of their services.
    theknowitalltroll;


  • << <i>

    << <i>

    << <i>

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



    ...action!... >>



    ... adventure! ... >>



    ...romance!... >>



    ...existentialism!...
    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
  • numismanumisma Posts: 3,877 ✭✭✭✭


    << <i>I just got off the phone with a good friend who has spoken to James Taylor twice in the last two days. Taylor confirms that he is the new and sole owner of ANACS; that the company is relocating to Colorado; and neither he nor ANACS has any affiliation with ICG. No details about the precise location of the new location, or a date when operations would resume, or the completion status of orders already in process were given. My friend, by the way, has approximately 2,000 coins currently in the submission process at ANACS. >>



    Thanks Dennis. And there you have it......no merger. I did think so, but when did James cut his ties with ICG (again)?


  • << <i>

    << <i>I just got off the phone with a good friend who has spoken to James Taylor twice in the last two days. Taylor confirms that he is the new and sole owner of ANACS; that the company is relocating to Colorado; and neither he nor ANACS has any affiliation with ICG. No details about the precise location of the new location, or a date when operations would resume, or the completion status of orders already in process were given. My friend, by the way, has approximately 2,000 coins currently in the submission process at ANACS. >>



    Thanks Dennis. And there you have it......no merger. I did think so, but when did James cut his ties with ICG (again)? >>





    Taylor is not listed on ICG's website anymore.
  • BAJJERFANBAJJERFAN Posts: 31,098 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>I just got off the phone with a good friend who has spoken to James Taylor twice in the last two days. Taylor confirms that he is the new and sole owner of ANACS; that the company is relocating to Colorado; and neither he nor ANACS has any affiliation with ICG. No details about the precise location of the new location, or a date when operations would resume, or the completion status of orders already in process were given. My friend, by the way, has approximately 2,000 coins currently in the submission process at ANACS. >>



    Thanks Dennis. And there you have it......no merger. I did think so, but when did James cut his ties with ICG (again)? >>





    Taylor is not listed on ICG's website anymore. >>



    There goes my reason for living,
    There goes my seven-ties!!
    theknowitalltroll;
  • EagleEyeEagleEye Posts: 7,677 ✭✭✭✭✭
    Again, I want to congratulate James on a successful deal. I hope he can make a decent go of ANACS.

    All the posts have dealt with the unfortunate layoff of the Austin crew. I wonder how many graders are moving with ANACS to Colorado. I would think that they are a big part of the value of the company, as it would be a very hard road to hire and train a new grading staff.

    Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:
  • numismanumisma Posts: 3,877 ✭✭✭✭


    << <i>Again, I want to congratulate James on a successful deal. I hope he can make a decent go of ANACS.

    All the posts have dealt with the unfortunate layoff of the Austin crew. I wonder how many graders are moving with ANACS to Colorado. I would think that they are a big part of the value of the company, as it would be a very hard road to hire and train a new grading staff. >>



    I am sure that you are correct about ex-employees moving to Colorado. In my personal dealings with the buying and selling of companies, the attorneys always say that you must first terminate the employees to make it a clean break, and then rehire the same people under new contracts. This helps with the "successor liability" issue.
  • leothelyonleothelyon Posts: 8,467 ✭✭✭✭✭
    Aside from all this, does anyone believe that a Siberian tiger can leap 8 yards? The interesting thing about this unfortunate event, some group says the wall needs to be 18 feet high and not 12.5! Well, if you do the math, the next question is, can a Siberian tiger leap 9 yards? image

    Oh, nevermind!


    Leo

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • TomBTomB Posts: 21,399 ✭✭✭✭✭
    I don't have any idea what will happen with ANACS, but I find the idea that any significant portion of the Texas-based ANACS employees will be moving to Colorodo to be very hard to believe. Perhaps a few key folks were offered positions, but it would likely take a significant chunk of cash to relocate all important personnel. In the field that I work (science) there are many small, medium and large companies that have either closed outright or that have relocated their physical presence and in this field essentially no one, other than officers of the company, has even a chance to relocate with the firm.
    Thomas Bush Numismatics & Numismatic Photography

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

    image
  • leothelyonleothelyon Posts: 8,467 ✭✭✭✭✭
    I'll bet all those NGc graders already have their resumes' in the mail! image


    Leo

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • YaHaYaHa Posts: 4,220
    I want to say this as a newbie to these boards and the hobby in general.

    I never like Anacs, but I met with James Taylor on three different occasions he's full of knowledge I must say.

    I know feelings are hurt here, jobs were lost and this is mostly a PCGS board. But this was a Business decision and more power to Mr Taylor to corner the grading market. People should be mad at the owner of Anacs! I recall Mr. Taylor was with Anacs, Icg, Back to Anacs, and didn't I read somewhere he was a grader at PCGS years ago? Not Sure, but cudos to James and good luck. He will need it.

    I just don't like Anacs, I think I used them for some Vam errors a few times. I bet you one thing James will come out with a huge offer of some sort to use Anacs again.
  • BAJJERFANBAJJERFAN Posts: 31,098 ✭✭✭✭✭


    << <i>I don't have any idea what will happen with ANACS, but I find the idea that any significant portion of the Texas-based ANACS employees will be moving to Colorodo to be very hard to believe. Perhaps a few key folks were offered positions, but it would likely take a significant chunk of cash to relocate all important personnel. In the field that I work (science) there are many small, medium and large companies that have either closed outright or that have relocated their physical presence and in this field essentially no one, other than officers of the company, has even a chance to relocate with the firm. >>



    They may offer IF the employees want to move at their own expense.
    theknowitalltroll;
  • WTCGWTCG Posts: 8,940 ✭✭✭
    I'll admit that I do not yet know all the details and facts of this entire situation and I will keep my personal opinions regarding this situation to myself for the time being, but I will make this statement...

    I sure as hell hope James Taylor runs his new company a lot better than he ran the last one he was in charge of.
    Follow me on Twitter @wtcgroup
    Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
  • EagleEyeEagleEye Posts: 7,677 ✭✭✭✭✭
    James is not a grader, as far as I know.

    I do count him as a good friend.

    He was Educational Director at the ANA up until about 10 years ago, and did a wonderful job with the summer seminar and other things while he was there.

    He went into the private sector to work for ICG, left to join ANACS, but couldn't justify the move to Austin with his family. He left ANACS after the move to re-join ICG.

    I have never found anyone in this business who didn't like James or could say anything negative about him. He is a real leader, with very high morals and the numismatic community should be very happy to have him around.
    Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:

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