Story of an Anax submission
Bif
Posts: 14 ✭✭✭
Around 2008 I was able to buy several 2 1/2 dollar gold Indian coins from an estate collector on the East Coast. Living on the West Coast I had many conversations with him and ended up buying about 10 of them. At the same time annex was having a gold special something like $10 a coin so I submitted all of them. The best one came back as not genuine, the rest came back graded au 50 through MS 62. I was disappointed in the grades because I thought they looked better, but then I’m not an expert so I decided to sell the two best coins, ms61 and ms62. After looking at the rest of the coins for about a year, I became suspicious and cracked out the remaining coins and sent them to PCGS. Every one graded many grades higher. The AU 50 was a AU 58. The AU 58 was MS 62. Although I was delighted with these higher grades, which rarely happens, it made me wonder what the MS 61 and MS 62 would have graded by PCGS. Years later, I remember reading about some tough grading at anax.
I learned my lesson the hard way, just stick with PCGS and don’t look back
Comments
ANACS?
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
ANACS yes sorry for thy typo’s
Got pitchers?
oh leave the guy alone ......
BHNC #248 … 108 and counting.
Anacs soap bar, blue, or yellow holder?
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Grading standards with ALL TPGs have changed since then. It's called Gradeflation.
So the higher number is always the right number?
For only $15 per coin, I will slab everything 66 or higher. PM me for payment instructions.
Tough crowd.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
It's the dance that predates TPGs.
Seller/owner: How could they only call this luster bomb a 66!!!
Buyer: Look at the marks on the obverse. How could anyone call this a 66?
Opinions are just that opinions. Value them as you please.
So wadja do with the Not Genuine coin?
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YES LEAVE PEOPLE ALONE, GOT SOME REAL LOSERS ON THIS SITE
Occasionally mistakes get made. If they're bad enough the legal fine print can write it off as a "clerical" or "mechanical" error. I'm curious if there are many recently certified NGC or PCGS coins that cac gives a gold sticker to. It's more the old holders where the expectation tends to reinforce their judgment.
Interesting story! That's a tough lesson to learn.
I hate to be that guy but I've been using ANACS on and off for about a year and I can confidently say they have no idea what they're doing. Atleast with the coins from the era I'm submitting.
So why would you continue to use them on and off for about a year?
Philippians 4:4-7
Personally, I like Anacs for tokens and Medals, but coins i prefer in PCGS or NGC.
It's all about what the people want...
Some pictures of the coins you hung onto would help to give some context to your original post.
Mark
There's coins that aren't worth selling raw but aren't worth sending to PCGS/NGC at $23 a piece. I'll send them to ANACS for $14. Sometimes they'll grade the coins correct (according to my history with NGC and PCGS) and sometimes every coin will be 2 grades under what they would get at NGC/PCGS.
If the OP had nearly 9 of 10 come back consistently higher with a different TPG, I'd say he has a legitimate question. Some pictures might help bolster his case though...
Mark
I get what you're saying, and I also send a lot of lower value coins to ANACS that wouldn't make sense to send to our hosts or ATS. However, if your experience is that ANACS is more conservative who's wrong then ANACS or NGC/PCGS? Isn't gradeflation one of the reasons behind CAC and now CACG?
Philippians 4:4-7
I could conceivably start a tiny grading service tomorrow and either grade myself or higher high schoolers to grade and what would result from my efforts what match pretty darn closely some of the results that I have seen certain tpgs produce. Without knowledgeable seasoned stable graders a grading company would be exactly like my so-called grading company. A grading co is as good as its last graded product. Oh what is the use.
I wonder if the op is gonna come back?
Happy holidays!
Incuse Indians are some of the toughest to grade, so I wouldn't hold it against them. PCGS is great for most. ANACS is good for cheaper stuff and minor varieties.
"For the wages of sin is death, but the free gift of God is eternal life in Christ Jesus our Lord" Romans 6:23. Young fellow suffering from Bust Half fever.
I'll withhold judgement until we get some good pics. The Indian quarter eagle series is a tough series to grade since there is no raised rim that tends to protect the fields of these coins. I've seen enough Indian quarter eagles graded MS61/62 by PCGS with slight wear on the Indian's cheek bone so I can understand why ANACS might grade these coins AU.
Worry is the interest you pay on a debt you may not owe.
Yes, but reverse the order. 9 out of 10 came back lower, still a legitimate question. But who is right? Maybe in that time window P was over-grading and A was spot on.
Puneet's Law: When all else fails, lower your standards and now everyone is out-performing.
ANA 50 year/Life Member (now "Emeritus")
I'm thinking I ought to submit to ANACS first. Then, send them to PCGS for crossover. Then cross my fingers in hopes JA will see them one day and say; " oooh, that could use a sticker".
I enjoyed your writing. We ought to annex the lot of 'em.
As soon as I responded with another typo, I knew I was going to get teased. Not taking it personal, it’s all good.
I do not have any of the coins left or else I would be happy to post a picture. As to what did I do with the not genuine coin, I put it on eBay with a title not genuine. It ended up selling for around spot. The high bidder who received the coin told me it was the nicest, not genuine coin he had ever seen. He said he was going to submit it for grading.
I sold 90% of my coin collection in 2013 when I retired from the fire department in Southern California and purchased a house in beautiful Lake Oswego Oregon.
Just saying...
Like most think, PCGS/NGC, are the two top dogs!
ANACS, isn't all that bad. Esp for the money.
In my collection, the only ANACS holders I have are from the old soap boxes. From time to time, I will buy a newer ANACS coin.
However, only by keeping that Golden Rule.
"Buy the Coin, NOT the holder!"
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.A dealer I know has sent back several groups of Morgan dollars that he swears have undergraded by a point or two in the last few years.