Keep an eye out on the new Anacs slabs - Anacs to PCGS upgrade
U1chicago
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While doing a search of rainbow toners on eBay, I came across a sold listing that looked familiar.
This PCGS MS 66, which sold for almost $5,300 a few days ago was auctioned on GC back in October 2025. Back then it was an Anacs MS 64 and brought slightly under $800. A nice upgrade- grade and dollar wise! And a reminder to keep an eye out on all sorts of slabs, including the new yellow Anacs holders, as they can have some nice coins.
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Anacs use to almost always cross.
Only lower grades now.
High grades long shot now
My last anacs 67 a real clean fml coin got a DNC. What awaist of money and especially time.
Which grade do you think was more accurate in your opinion?
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From what I see, Anacs graded it without taking color into consideration (not market graded) while PCGS had a color bump.
I would split the difference and call it a 65. There is a cheek hit that looks significant enough to prevent a 66 in my view.
Is it just me but is that ANACS slabbed coin the same one as the GC 1939057? Seems the toning is similar…but not the same coin. The ANACS slab has an untoned spot over the star at the 4 o’clock position while the GC image shows a similar untoned spot at 3 o’clock position over the M. Just my opinion but they look like different coins to me. Cheers, karl
I think that what you see is a reflection of light when at the GC studio.
Now take a look at the TrueView photo at 3 or 4 o'clock.
The TrueView didn’t hurt that one bit
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Yes it’s the same coin and you can line up some of the hits/marks. The photos are done differently so that makes it a bit harder to match up.
Looks closer to 64 as a technical grade. Not sure I like market grading since some folks might think it's a 66 with a toning bump.
Pretty coin but not a gem imo. All the color does is distract from the marks consistent with choice uncirculated designation which is what ANACS gave it.
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Judging by only those photos, both services got it wrong.
Official PCGS account of:
www.TallahasseeCoinClub.com
Um, add $5,000 for pretty toning? I have to bite my tongue. To each his own, yay.
I don't think it's hit I think it's just breaks in the toning.
Yeah common date Morgan going for over $5K all due to some environmental damage. It is a crazy world that we live in. my first thoughts is it needs a bath and my second thought is I wouldn't drop more than $250 on that coin even if it really was a 66. RGDS!
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The part I circled looks like a hit and not a toning break. It’s deeper than a toning break would be.
It's very common for these toned pieces to get grading bumps on resubmissions. I've sold similar coins in 65 CAC and saw them pop up in 67+ CAC later on. The technical grade is not as large of a factor in these coins. I've also seen similar cheek contact in white coins graded 65-66, so I'm not that surprised.
I've had ANACS slabbed coins go both ways in crossing over to PCGS, one up and one or more down. Hard for me to figure it out. That's a nice Morgan though.
I agree and buy coins from all holders and even raw. I remember cracking a DCAM 1951 Franklin from SEGS, dipping it, and having it come back the same grade from PCGS before selling it for a 10x-15x profit.
So, If PCGS grades by the market, Why did they not grade the coin 68+? That apparently is the market value. 64'S are $100, 66'S are $260, 68'S are north of $4000. Do dollar buyers have a better sense of value for color on a coin than the services?. I grade the coin on what I think it would dip out as, and let the buyers bid up the price based on pretty. Trying to to nail the moving toning target is a fool's errand, and neither service hit the value level. I'd suggest both submitters left money on the table with the help of the services. Why don't we agree to have services grade the coin sans color and let the market figure it out? It appears to be what ANACS did.
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Once again, I find myself agreeing with Ricko.... I really do not understand even liking this kind of tarnish, much less paying thousands of dollars for it.
It's a free market (more or less), so whatever floats your boat; but I cannot begin to see it.
As someone who collects toned Morgans, I have believed what you say for a while now. No coin should be market graded up for color. The toning premium still goes on top of the grade. So a technical 64 that is market graded to a 66 can sell for 68 pricing just like was seen in this example.
I think ANACS had it right calling it a 64. The color is really nice, but it doesn't undo surface marks.
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You can’t understand how someone could see beauty where you don’t and be willing to pay for it, whatever it’s worth to them? That is what’s taking place in situations such as this.
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Of course I understand that people can "see beauty" where I cannot. I was merely saying that I cannot see that beauty (as you would realize if you re-read what I wrote). I don't see how some tarnish can make a coin "worth" many times what the same coin without the tarnish would be worth.
YMMV, apparently.
Seems that the TONER TAX gets CRAZY STUPID sometimes......