Somewhat disappointed in a ANACS AU55 Indian Head 1c
hifisapi
Posts: 42 ✭✭
Got this off ebay. the listing photos were small and dark but I figured if it got AU55 from anacs it cant be too bad,
Well the obverse is so weakly struck you can barely read "of America" and there seems to be some foreign
matter on there too. The reverse is better than the obverse but still has more wear than a 55 usually calls for.
I learned a
1
Comments
Buy the coin and not the holder..
As I was saying, I learned a valuable lesson on this one. Never buy online without big clear photos, even if
its certified, gtaded, and slabbed. This was a cheap coin, thank God,
If your not happy with the coin ... message the seller and politely ask for your money back. It can't hurt.
unless its not as described you cant "cancel" ebay sales, because of the time and effort to list and ship stuff.
Once I get another one in nicer shape, I can just auction this one off. (described properly)
Can we get pics of the slab and good close up pics of the coin?
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
Back in the day ANACS was considered second (maybe third) tier grading service/small holder. Only recently ( maybe 10 years or so) have they became a cool worth a premium holder. I never figured that out.
IMHO back in the day ANACS graded pretty accurately on general items. However if it’s still in a soapbox it’s probably overgraded hence why no one cracked it out unless it’s part of a collectors estate where it sat untouched
I should have said the ANACS with the black and red sticker on the back. The PNA/ANACS with the gold hologram ( earliest holders) on the back are a prize and ones I look for and most of the time pay extra. The early ones were graded by ANACS the ones with black and red on the back were after Krause publishing bought ANACS, think it was Krause might have been someone else. Long time since I thought about that.
It's PNG/ANACS. A PNG member reviewed the grade as a second QC check.
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
At least I got the P right 😁
I agree with @Jimnight it's okay to contact the seller about condition. Also, show us the coin in the holder. It can be telling. Peace Roy
BST: endeavor1967, synchr, kliao, Outhaul, Donttellthewife, U1Chicago, ajaan, mCarney1173, SurfinHi, MWallace, Sandman70gt, mustanggt, Pittstate03, Lazybones, Walkerguy21D, coinandcurrency242 , thebigeng, Collectorcoins, JimTyler, USMarine6, Elkevvo, Coll3ctor, Yorkshireman, CUKevin, ranshdow, CoinHunter4, bennybravo, Centsearcher, braddick, Windycity, ZoidMeister, mirabela, JJM, RichURich, Bullsitter, jmski52, LukeMarshall, coinsarefun, MichaelDixon, NickPatton, ProfLiz, Twobitcollector,Jesbroken oih82w8, DCW
here is the holder, dont know the vintage, but I assume its not recent. the back just has the serial number and a anacs hologram sticker on the inside.
actually after looking at it for a while, the details in the face and headress and reverse are nice, its just the weak strike of
"of america" that bothers me a bitl
I cannot tell much from that picture... but if you are not happy, then either return it or sell it...it will never be what you want...Cheers, RickO
There is sometimes a reason why a seller presents a bad picture. Sometimes he is hiding something. Don't buy a pig in a poke.
I used two flash units, one on camera and one to the side to get this pic, things are not as bad as I thought I guess?
They are not a "premium" holder. Try selling some to dealers and see what happens.
Definitely appears to be an AU-something coin, though 55 may be a bit of stretch.
Still, I assume we're talking about a ~$15-20 coin, raw or in any holder, so I don't see much downside.
The weak strike should not effect the grade.
looks AU'ish and lately ANACS is pretty strict.
BHNC #203
I don’t have any faith in the newer gold ANACS Holders, I have seen too many incorrectly attributed and over graded examples that I basically consider coins in them to be raw. The older, small white ANACS holders were typically graded accurately, and the very early ones with the alphanumeric codes are sometimes under graded by modern standards.
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
Looks AU to me, but your images are sooooo over-exposed that it is pretty tough to tell anything else.
In honor of the memory of Cpl. Michael E. Thompson
At least you did learn a lot from replies to your post. What you do next is up to you.
Pete
Yellow slant top ANACS dates from the 2nd move to Colorado in 2007.
Several people here are confused with the ANA ownership small white holders (those have the ANA/PNG gold hologram) which date from the start of the slabbing era 1987-1989 when ANACS was sold to Amos press and switched over to the black with the big A hologram
ANA 50 year/Life Member (now "Emeritus")
For the most part, coins in the OLD small ANACS holders were graded pretty accurately in my experience (which is somewhat limited, have had or have only a dozen or so in these holders....maybe I just bought the coin and not the holder? LOL I heard that somewhere.)
Louis Armstrong
Your own description just suggested this coin was described improperly. I'd have certainly messaged the seller if they hyped this one at all. But for $10-$15 coin it's not a financial issue. You can leave less than "glowing feedback" if warranted. Fwiw, I have no problem with the strike on the letters "AMERICA."
Not clear to me that the listing was inaccurate. Was it an auction or buy it now? Were there any descriptions other than the statement that it was an ANACS 55 and the poor quality pictures? Coin doesn’t look awful as far as I can tell.
The coin is not worth worrying about. Just chalk up any dissatisfaction with it to learning expense and move on. In the end it is just a common date Indian cent.
recently ( maybe 10 years or so) have they became a cool worth a premium holder. I never figured that out.
Try selling ANYTHING not rare or desirable in any TPGS slab to a dealer and see what happens! A coin is not going to change in any way if it is crossed into a different slab. Only the perception of its commercial worth and the number of collectors who will buy it.
BTW, Back in the day or even today, ANACS has a strong following and a large group of buyers on TV.
Here's the original listing: https://www.ebay.com/itm/ANACS-AU55-1901-Indian-Head-Cent-Penny-265-/202945616522
It has some bad photos and no description. I don't see how you can pin any displeasure on the seller. The photos aren't good enough to infer that it's a particularly nice coin, and lacking the seller stating anything else, what was delivered is a 1901 ANACS AU55 Indian Cent, which is exactly what was being sold.
Agree. 20 years ago there was maybe a 20% difference in price between NGC/PCGS and ANACS - who was the clear #3. That gap is more like 50% these days, it seems.
I wonder what the market share is for new certifications and cross-overs.
Moral of story: Don't buy coins on eBay with poor (dark) photos and no return policy. A relatively inexpensive lesson in this case.
I don't know. I feel like most of the good ANACS cross-overs have probably been crossed over. Although I'm sure there's an old collection out there somewhere. I recently had a 20 year old VAM collection all in ANACS holders pass through my hands, so there are probably others.
It's a shame since the ANACS slab is the only Top 4 that lets you read the insert from the top. I wonder what's holding back PCGS and others from adopting it.
A Patent! SEGS took ANACS to court over this but they lost because ANACS was slanted and SEGS was straight across the top(different design).