The History of the First Third-Party Coin Grading Service – ANACS, By Tom DeLorey
EagleEye
Posts: 7,677 ✭✭✭✭✭
Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:
2
Comments
I predict a rise in gloves worn at shows for slab handling!
<< <i>I would like to see a complete timeline with all the graders working for this as well as other grading services. Are Mike Fahey and Tim Hargis still there? >>
Mike Fahey is still with ANACS. Tim stayed here in Austin and is a coin dealer.
Edited to add:
Our coin club has several 'grading nights' every year where members bring their coins for grade opinions. 2 other local dealers and I are the graders, and Tim is the finalizer- I can't begin to tell you how much I've learned from watching him work.
Thanks for the link. I like the history of ANACS.
Tom DeLorey Is a great writer.
I will be looking forward to it's continuation.
*
Just sold this one on the BST a few weeks ago.....rim toning acquired from decades in my 7070 album:
It last sold publicly in 2001 for $18,400. Part of the "Heathgate" collection in Goldberg's "Bensosn" sale.
ANA LM
USAF Retired — 34 years of active military service! 🇺🇸
These are both considered a Type-3 certificate, as the labels are the same, just one has the grade typed in.
**
This one was not graded as it was still a option at this time.
**
*
<< <i>Is that 1937 a Proof? Can't tell from the picture. If it is we should have noted it in the description, even if it was not graded. >>
You made me go and dig it out, and look! I never thought of it as a proof, as I bought it as mint state.
I am not sure if it is a proof but over the years it has a very light toning of violet and purple hue starting.
The reverse sure does have that Proof like look to it all around the buffalo and the obverse seems to have just a hint of PL in the field just to the sides of the neck and not so much at the top.
I think the overall eye appeal and luster has a lot going for this coin.
After looking at it and studying it for 5 min. I really do think it could be a proof.
But I am not sure if I can tell the difference between Proof and proof like MS on this early dated buffalo nickel.
But Thanks for getting my attention on it.
*
thanks for sharing eagle-eyed-one
Not sure if the second part of this ever got linked here, so here it is:
https://coinweek.com/education/coin-grading/history-first-third-party-coin-grading-service-part-two/
Fantastic read!!! Thank you for the bump with the addition of the second part @CaptHenway.
Lazarus thread, back from the dead!
This a great read
I felt like i was there
Two thumbs up
"Inspiration exists, but it has to find you working" Pablo Picasso
Great reading. Interesting to see the evolution of the grading and authentication of coins.
Very nice "story."
Very Nice!
This was back when ANA still had testicles, a backbone, and supported collectors. Now, it's just the "American Nematoda Association."
I never understood why CAC doesn't include ANACS and ICG as being eligible for their stickers. They are both legitimate grading services even if they aren't as big as the top two.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@CaptHenway ...Thanks for 'the rest of the story'.....Cheers, RickO
Me either and I have suggested that JA should include both those services. I innocently called him once to suggest it as it would make more profit for his company. Since then, I've learned from the owner of ICG one reason why ICG will NEVER be included. I cannot say why ANACS is not. I believe one reason is that "beaning" either of the two second-tier services would elevate them in the eyes of the market. That would be bad for the top two services and any possibly perceived incestuous connections there might be.
Savvy collectors know that perfectly graded, desirable coins can be found in any TPGS slab - bean or no bean!
"Savvy collectors know that perfectly graded, desirable coins can be found in any TPGS slab - bean or no bean!"
Absolutely, and savvy collectors frequently remove them from lower-tier holders pronto. I partially populated a DANSCO 7070 album with many coins cracked out of such slabs.
I think that the bigger problem is that dealer members of the CAC consortium rarely listed coins in second-tier holders before CAC appeared on the scene. Their marketing strategies are likely the reason. Hence, there would be no upside for them to push for CAC consideration of coins in second-tier holders.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
Worthwhile read! I missed this one the first time around, so nice to catch it on the rebound.