Question about ANACS's NET GRADING....
razorface1027
Posts: 4,242 ✭✭
I have a coin that has been cleaned, though not abrasively, and it's accompanied by a few minute rim dings. Now the question....When a coin is submitted to ANACS and receives a NET grade, would the said coin achieve the recognized greysheet price at auction?
What is money, in reality, but dirty pieces of paper and metal upon which privilege is stamped?
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If it's a pretty rare coin for the grade it will often do better than the net grade price.
Really going to depend on the coin and the grade.
I doubt there would be much interest in a common $30 coin with problems.
A flowing hair half dollar in problem free f15 vs. a anacs vf details net f15 for cleaning probably would.
If I could buy a nice looking AU coin that had just been lightly dipped and netted down to EF40, I might choose it over the problem-free EF40 coin.
that may be true of new, common coins, where problem-free examples are readily available.
sometimes, though, especially with very old , very rare coins, the only examples that exist have a few problems, which might include heavier circulation marks, or an old cleaning.
for such pieces, net grades, with appropriate deductions based upon the severity of the problem, are very useful.
does that help you understand "net grading" a little better?
When a coin is submitted to ANACS and receives a NET grade, would the said coin achieve the recognized greysheet price at auction?
maybe, maybe not. depends.
Liberty: Parent of Science & Industry
LSCC#1864
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Even though I have ANACS net graded coins, I try to stay away from them.
In a way I like some UNC Details / Net AU coins because they still look nice. It depends on the coin and the degree of the problems.
I agree with Lord M in that I'd rather have a lower grade problem free coin instead of net graded one.
In answer to your question, I view a net graded X as a lesser value than a problem free grade X
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since 8/1/6
A cleaned bust dollar that starts to retone in an au details holder is NOT a bad coin, in my eyes.
An unc. details Jefferson nickel would not be acceptable to me.
Agree? Disagree?
LSCC#1864
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I have always disliked ANACS' net grading. I don't need them to essentially assign a value to a coin. I can make up my own mind just how much any problem affects my reasoning on pricing.