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James Taylor quit ANACS!

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  • coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>

    << <i>Before the "handy man" took over ANACS, they were the toughest graders of modern coins -- particularly modern commemeratives. Bob F. painstakingly built a near-complete collection of MS69 and PR69DCAM modern commems in the old ANACS holders, which was quite an accomplishment. Then Taylor loosened the standards for moderns to ICG levels, and started giving away 70s like candy on Halloween, which cheapened the value of Bob F.'s nice collection. >>

    I think you know my collection better than I do! You've summed up my feelings quite eloquently.

    << <i>If the coins were / are really nice and strictly graded as you say, then I'm sure future buyers will be abe to tell and will pay prices commensurate with the quality, right? >>

    I sincerely hope so, but the example of PCI shows otherwise. The old PCI was a tough grader, while the new PCI is much looser. While those in the know can usually cherrypick an old PCI slab for crossing, the prices of PCI graded coins collapsed, especially after the gold label slabs showed up. It certainly appears that history is repeating itself.

    << <i>James Taylor was not a grader there. Unless you have proof that HE, alone, was responsible for such a shift in the grading standards (which would have been all but impossible), your accusation is unfair and off-base. >>

    What constitutes sufficient "proof"? Before JT arrived, moderns in 69 were exceedingly rare, and 70s practically nonexistent. After JT arrived, eBay became lousy with 69s, and 70s are commonplace. Do I have a copy of a memo from JT commanding the staff to loosen up? Of course not. But I have eyes, and I follow the auctions, and I see what I see. It'd be nice if ANACS published an updated pop report. Some comparisons with previous reports could be very enlightening.

    Bring back Michael Fahey, and bring back the classic small white slabs, and I'd be a happy camper. >>

    Do you have any solid/verifiable information to indicate that those changes weren't the doing of Miles (a fairly recent addition there, himself) and/or other graders and/or owners of the company? Certainly, there are other equally or more plausible possibilities than that James Taylor was responsible.
  • DennisHDennisH Posts: 14,011 ✭✭✭✭✭
    C'mon Mark, you know that trying to use reason here is hopeless.
    When in doubt, don't.
  • Coin FinderCoin Finder Posts: 7,409 ✭✭✭✭✭
    Good move for James, perhaps PCGS will pick him up?

    Or maybe he will go for a walk...."walk on down a country road"

    Or maybe..."OHHHH Mexico.....
  • ScarsdaleCoinScarsdaleCoin Posts: 5,331 ✭✭✭✭✭
    James has retired....

    thats it....end of story....end of threads....

    he was not fired, he left ANACS on good terms...

    The reason ...to just spend more time with his family....

    Refreshing ....

    so please no more rumors about him going off to other grading services.....etc. etc. etc....

    Jon Lerner - Scarsdale Coin - www.CoinHelp.com
  • flaminioflaminio Posts: 5,664 ✭✭✭


    << <i>Do you have any solid/verifiable information to indicate that those changes weren't the doing of Miles (a fairly recent addition there, himself) and/or other graders and/or owners of the company? Certainly, there are other equally or more plausible possibilities than that James Taylor was responsible. >>

    Do I have the smoking gun? Of course not. While Taylor was at ICG, they had a reputation for overgrading moderns, while ANACS had a reputation for being strict on moderns. Taylor moved to ANACS, and coincidence of coincidences, now ANACS starts getting loose while grading moderns. It's not evidence for a court, but for an online discussion forum, it's good enough for me.

    Unless, of course, you can provide any solid/verifiable information to the contrary. I do understand that under the rules of logic, you are under no obligation to do so -- the burden of proof rests with me. But I suspect that neither of us really have anything "hard" to go on, and we're just chatting up a Saturday morning. You, being the more gentlemanly of the two of us, naturally have taken the high road and assumed positive motives.

    I also have to go into work today, which has put me in an especially pissy mood.
  • koynekwestkoynekwest Posts: 10,048 ✭✭✭✭✭
    I believe ANACS lost some of their best graders/attributors in the transition. Regardless of who's responsible, it's a fact that MS/PR70 graded coins started to show up with regularity after the transition. These grades used to be virtually non-extant with the REAL ANACS.

    ANACS tried to be a PCGS/NGC wannabe and failed.
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭
    <<I also have to go into work today, which has put me in an especially pissy mood.>>

    Why not take the day off, quit or retire and enjoy the day, instead? image
    image
  • RYKRYK Posts: 35,800 ✭✭✭✭✭


    << <i>James has retired....

    thats it....end of story....end of threads....

    he was not fired, he left ANACS on good terms...

    The reason ...to just spend more time with his family....

    Refreshing ....

    so please no more rumors about him going off to other grading services.....etc. etc. etc.... >>



    Sorry, I don't buy it. You do not leave a firm, go to a major competitor's firm, make a lot of changes, move the firm from Ohio to Texas, set the firm moving in the wrong direction, and then all in a sudden decide to retire. While he might not be going to work again soon (or ever) in the coin biz, I do not believe that after relocating twice (once to Ohio, and then again to Texas), he suddenly decided he had to quit to spend some time with his family. Nah, I don't buy it.

    Edit: I have been at work this AM since 7 AM, so I am a bit cranky, too. imageimageimage

    Edit again: There could be other factors involved like illness in the family or other personal intangibles that Coinguy1 is not at liberty to discuss here image .
  • wondercoinwondercoin Posts: 17,001 ✭✭✭✭✭
    Connecticoin - Why not simply send the collection back in to ANACS on regrade and (possibly) receive a great number of the coins in "70" holders at this point? But, note something else - a beautiful collection of modern Commems in 69 grade (and I am not talking about color coins here) has, IMHO, never been worth a premium in ANY company holder, including PCGS. "69" grade coins trade as "69" grade coins. Many "69" grade modern commems are worth about the same price raw or in 69 grade holders to begin with. IMHO, the value of your collection has not changed a single penny in the past year despite what ANACS as a company or James Taylor individually may or may not have done.

    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • flaminioflaminio Posts: 5,664 ✭✭✭


    << <i>Why not take the day off, quit or retire and enjoy the day, instead? image >>

    Dude! Don't tempt me, I'll do it. I'd quit today if I thought I could get a more pleasant job somewhere else. It's not really the job the sucks, I'm just tired of working.

    Maybe some company can make me president, and then a year later after I've run it into the ground I can retire on a fat golden parachute. But that doesn't happen in the real world, does it?
  • RYKRYK Posts: 35,800 ✭✭✭✭✭
    Conspiracy theory:

    ICG sent JT to ANACS to help themselves (ICG) climb from #4 to #3. image
  • flaminioflaminio Posts: 5,664 ✭✭✭


    << <i>Connecticoin - Why not simply send the collection back in to ANACS on regrade and (possibly) receive a great number of the coins in "70" holders at this point? But, note something else - a beautiful collection of modern Commems in 69 grade (and I am not talking about color coins here) has, IMHO, never been worth a premium in ANY company holder, including PCGS. "69" grade coins trade as "69" grade coins. Many "69" grade modern commems are worth about the same price raw or in 69 grade holders to begin with. IMHO, the value of your collection has not changed a single penny in the past year despite what ANACS as a company or James Taylor individually may or may not have done. >>

    Not Connecticoin's collection -- mine.

    It may be your opinion that 69 graded coins are not worth a premium, but the reality is that many of the coins in my collection were bought at auction, and in many cases I paid a premium over a PCGS or NGC 69. That means that at least two people (me and the underbidder) felt that the ANACS 69 coin *was* worth a premium.

    My biggest regret is that I came up two coins short. If I had completed the collection before the change, I would not be nearly as jammed up.
  • CladiatorCladiator Posts: 18,252 ✭✭✭✭✭


    << <i>

    << <i>Connecticoin - Why not simply send the collection back in to ANACS on regrade and (possibly) receive a great number of the coins in "70" holders at this point? But, note something else - a beautiful collection of modern Commems in 69 grade (and I am not talking about color coins here) has, IMHO, never been worth a premium in ANY company holder, including PCGS. "69" grade coins trade as "69" grade coins. Many "69" grade modern commems are worth about the same price raw or in 69 grade holders to begin with. IMHO, the value of your collection has not changed a single penny in the past year despite what ANACS as a company or James Taylor individually may or may not have done. >>

    Not Connecticoin's collection -- mine.

    It may be your opinion that 69 graded coins are not worth a premium, but the reality is that many of the coins in my collection were bought at auction, and in many cases I paid a premium over a PCGS or NGC 69. That means that at least two people (me and the underbidder) felt that the ANACS 69 coin *was* worth a premium.

    My biggest regret is that I came up two coins short. If I had completed the collection before the change, I would not be nearly as jammed up. >>



    Flam, your statment made me think of this quote from one of coinguy1's threads.

    "2) a buyer who buys on Ebay or via public auction based on the false sense of security that there is an under-bidder willing to pay only slightly less than he is, even if the under-bidder and he both bid beyond what a reasonable person would have."
  • flaminioflaminio Posts: 5,664 ✭✭✭


    << <i>Flam, your statment made me think of this quote from one of coinguy1's threads.

    "2) a buyer who buys on Ebay or via public auction based on the false sense of security that there is an under-bidder willing to pay only slightly less than he is, even if the under-bidder and he both bid beyond what a reasonable person would have." >>

    I don't disagree with that. The underbidder and I could, of course, both be morons. But at least there's some comfort in numbers...
  • wondercoinwondercoin Posts: 17,001 ✭✭✭✭✭
    Flamingo - Sorry for directing that last comment to another board member.

    It sounds like you may have some strong shot "70" coins at any grading company. Why not crack them out and resubmit to PCGS? You obviously bought COINS not "69 plastic" - you still have (superior?) COINS - you haven't lost anything yet - right?

    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • SanctionIISanctionII Posts: 12,607 ✭✭✭✭✭
    Maybe he simply decided to spend more time with Carly Simon and wile away the days signing duets with her of both of their top ten songs, including "Fire & Rain" and "Your So Vain".
  • IrishMikeIrishMike Posts: 7,737 ✭✭✭
    I heard from a high placed inside source that he simply left because he was unable to adapt to living in a foreign country. image
  • RussRuss Posts: 48,514 ✭✭✭
    Is the deterioration in ANACS grading of moderns directly related to the arrival of James Taylor? I don't know. But I do know this: In my area of interest, (1950 to 1970 proof and SMS coins), ANACS used to be every bit as tough as PCGS. These days, I trust their grading of these coins no more than I trust ICG or PCI. There was a very real change in grading standards that happens to coincide with the management change.

    Russ, NCNE
  • ANACS is losing ground in the TPG leagues. People really only use them for problem and/or circulated coins
  • RussRuss Posts: 48,514 ✭✭✭


    << <i>It sounds like you may have some strong shot "70" coins at any grading company. Why not crack them out and resubmit to PCGS? >>



    You completely missed the point of his collection.

    Russ, NCNE
  • robertprrobertpr Posts: 6,862 ✭✭✭
    Bob, I think that savvy buyers know that the collection you have, in the old style holders, was graded very strictly. This type of knowledgeable buyer also knows that since the standards have changed, finding 69's in these older holders will only become more difficult with time, as no more will be made. So, I tend not to think your collection lost value, though it may have become less liquid, as most of the market is comprised of buyers who are NOT savvy.

    But then, a lot of the "bidiot" type of buyers out there never knew of ANACS' tight grading in the moderns arena anyway. image
  • wondercoinwondercoin Posts: 17,001 ✭✭✭✭✭
    You completely missed the point of his collection.

    Perhaps - what was the point of his collection? And, whatever that point was, doesn't he still have today what he had yesterday?

    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • flaminioflaminio Posts: 5,664 ✭✭✭


    << <i>Perhaps - what was the point of his collection? >>

    I ask myself that same question every day...

    << <i>And, whatever that point was, doesn't he still have today what he had yesterday? >>

    If I have an ounce of gold, and gold goes down in price, do I still have today what I had yesterday? It's still an ounce of gold, after all.
  • ConnecticoinConnecticoin Posts: 13,109 ✭✭✭✭✭


    << <i>James Taylor was not a grader there. Unless you have proof that HE, alone, was responsible for such a shift in the grading standards (which would have been all but impossible), your accusation is unfair and off-base. >>



    Mark, does it really matter? The deterioration of their modern grading standards happened under Taylor's watch with the "new ANACS". As president of the company, isn't Taylor is ultimately responsible for the company's grading standards?
  • PerryHallPerryHall Posts: 46,851 ✭✭✭✭✭
    I get the feeling Taylor was invited to resign. Does anyone else feel this way?

    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

  • CladiatorCladiator Posts: 18,252 ✭✭✭✭✭


    << <i>James has retired....

    thats it....end of story....end of threads....

    he was not fired, he left ANACS on good terms...

    The reason ...to just spend more time with his family....

    Refreshing ....

    so please no more rumors about him going off to other grading services.....etc. etc. etc.... >>

    **cough**...bullchit...**cough**
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>

    << <i>James Taylor was not a grader there. Unless you have proof that HE, alone, was responsible for such a shift in the grading standards (which would have been all but impossible), your accusation is unfair and off-base. >>



    Mark, does it really matter? The deterioration of their modern grading standards happened under Taylor's watch with the "new ANACS". As president of the company, isn't Taylor is ultimately responsible for the company's grading standards? >>

    It sure matters to me. If he had no real say or control regarding the standards for the grading of modern coins (and I think it's quite plausible that he did not), then blaming him seems very unfair, regardless of his title.
  • CladiatorCladiator Posts: 18,252 ✭✭✭✭✭
    The world is a very unfair place.
  • ConnecticoinConnecticoin Posts: 13,109 ✭✭✭✭✭


    << <i>

    << <i>James has retired....

    thats it....end of story....end of threads....

    he was not fired, he left ANACS on good terms...

    The reason ...to just spend more time with his family....

    Refreshing ....

    so please no more rumors about him going off to other grading services.....etc. etc. etc.... >>

    **cough**...bullchit...**cough** >>



    Yeah, right. Try something more original -- that's the standard excuse Fortune 500 CEOs give when they are forced out or "encouraged" to leave.
  • CladiatorCladiator Posts: 18,252 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>James has retired....

    thats it....end of story....end of threads....

    he was not fired, he left ANACS on good terms...

    The reason ...to just spend more time with his family....

    Refreshing ....

    so please no more rumors about him going off to other grading services.....etc. etc. etc.... >>

    **cough**...bullchit...**cough** >>



    Yeah, right. Try something more original -- that's the standard excuse Fortune 500 CEOs give when they are forced out or "encouraged" to leave. >>

    Yup. It's also the industry standard when an official in the reigning presidential administration gets put out on their arse.
  • ConnecticoinConnecticoin Posts: 13,109 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>James Taylor was not a grader there. Unless you have proof that HE, alone, was responsible for such a shift in the grading standards (which would have been all but impossible), your accusation is unfair and off-base. >>



    Mark, does it really matter? The deterioration of their modern grading standards happened under Taylor's watch with the "new ANACS". As president of the company, isn't Taylor is ultimately responsible for the company's grading standards? >>

    It sure matters to me. If he had no real say or control regarding the standards for the grading of modern coins (and I think it's quite plausible that he did not), then blaming him seems very unfair, regardless of his title. >>



    I disagree. He can delegate authority, but he is ultimately responible for all operations - that's my understanding of the job of "President".
  • BarryBarry Posts: 10,100 ✭✭✭
    t sure matters to me. If he had no real say or control regarding the standards for the grading of modern coins (and I think it's quite plausible that he did not), then blaming him seems very unfair, regardless of his title.

    Mark - I don't know why you are saying this. The grading standards a service uses is the #1 most important business decision it has to make. Decisions like that come from management, not the graders. Recently, graders have jumped ship from PCGS to NGC, ANACS to PCGS, etc. Do you really think the graders keep grading exactly the way they did at their last job, or are they "instructed" how they should grade for corporate policy?
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>t sure matters to me. If he had no real say or control regarding the standards for the grading of modern coins (and I think it's quite plausible that he did not), then blaming him seems very unfair, regardless of his title.

    Mark - I don't know why you are saying this. The grading standards a service uses is the #1 most important business decision it has to make. Decisions like that come from management, not the graders. Recently, graders have jumped ship from PCGS to NGC, ANACS to PCGS, etc. Do you really think the graders keep grading exactly the way they did at their last job, or are they "instructed" how they should grade for corporate policy? >>

    Barry, for all we know, the owners (not management) made a decision to have moderns graded a certain way and that edict was passed along to the graders. To my knowledge, most people in managerial positions at grading companies don't dictate the grading standards.
  • CladiatorCladiator Posts: 18,252 ✭✭✭✭✭


    << <i>To my knowledge, most people in managerial positions at grading companies don't dictate the grading standards. >>

    I would say that being the President of a company is a bit different than being simply in a "managerial position".
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>

    << <i>To my knowledge, most people in managerial positions at grading companies don't dictate the grading standards. >>

    I would say that being the President of a company is a bit different than being simply in a "managerial position". >>

    It may be, but that by no means assures that (even) the President dictates the grading standards. For example, Ron Guth is the President of PCGS, but I'd be stunned if he, alone, is responsible for PCGS's grading standard.
  • CladiatorCladiator Posts: 18,252 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>To my knowledge, most people in managerial positions at grading companies don't dictate the grading standards. >>

    I would say that being the President of a company is a bit different than being simply in a "managerial position". >>

    It may be, but that by no means assures that (even) the President dictates the grading standards. For example, Ron Guth is the President of PCGS, but I'd be stunned if he, alone, is responsible for PCGS's grading standard. >>

    Alone, doubtfull but I would expect his opinion and direction to be weighted appropriately within their walls. The President is just that, the President.
  • INXSINXS Posts: 1,202
    I know James is a member on this forum someday he may even post here. I had spoke to him once when he was at ICG as far as I am concerned he did as Jon said he retired, end of story.
    "Well here's another nice mess you have gotten me into" Oliver Hardy 1930
    image

    BST successful dealings with:MsMorrisine, goldman86
  • tradedollarnuttradedollarnut Posts: 20,204 ✭✭✭✭✭
    It may be, but that by no means assures that (even) the President dictates the grading standards. For example, Ron Guth is the President of PCGS, but I'd be stunned if he, alone, is responsible for PCGS's grading standard. >>

    Alone, doubtfull but I would expect his opinion and direction to be weighted appropriately within their walls


    This statement shows a total lack of understanding of the coin grading business... and PCGS in particular. Ron is not a coin grader ... period. He was hired because of his strength in organization, customer service and public relations.

    I would be totally shocked if Ron even put forth an opinion regarding PCGS's grading standards - let alone tried to dictate them.
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>It may be, but that by no means assures that (even) the President dictates the grading standards. For example, Ron Guth is the President of PCGS, but I'd be stunned if he, alone, is responsible for PCGS's grading standard. >>

    Alone, doubtfull but I would expect his opinion and direction to be weighted appropriately within their walls


    This statement shows a total lack of understanding of the coin grading business... and PCGS in particular. Ron is not a coin grader ... period. He was hired because of his strength in organization, customer service and public relations.

    I would be totally shocked if Ron even put forth an opinion regarding PCGS's grading standards - let alone tried to dictate them. >>

    I was feeling very lonely until I read that.image


  • << <i>This statement shows a total lack of understanding of the coin grading business... and PCGS in particular. Ron is not a coin grader ... period. He was hired because of his strength in organization, customer service and public relations.

    I would be totally shocked if Ron even put forth an opinion regarding PCGS's grading standards - let alone tried to dictate them. >>



    Ron is a coin grader ... period. Get your facts straight before chastising others.
  • tradedollarnuttradedollarnut Posts: 20,204 ✭✭✭✭✭


    << <i>

    << <i>This statement shows a total lack of understanding of the coin grading business... and PCGS in particular. Ron is not a coin grader ... period. He was hired because of his strength in organization, customer service and public relations.

    I would be totally shocked if Ron even put forth an opinion regarding PCGS's grading standards - let alone tried to dictate them. >>



    Ron is a coin grader ... period. Get your facts straight before chastising others. >>



    That's funny - he sat at Legend's table at ANA while viewing my trade dollar set and said he wasn't. Period.
  • ColonialCoinUnionColonialCoinUnion Posts: 10,087 ✭✭✭


    << <i>Ron is a coin grader ... period. Get your facts straight before chastising others. >>



    I have heard him say at 4 or 5shows that he isn't a grader. Why don't you ask him in the Q&A and see how right you are?


  • << <i>

    << <i>

    << <i>This statement shows a total lack of understanding of the coin grading business... and PCGS in particular. Ron is not a coin grader ... period. He was hired because of his strength in organization, customer service and public relations.

    I would be totally shocked if Ron even put forth an opinion regarding PCGS's grading standards - let alone tried to dictate them. >>



    Ron is a coin grader ... period. Get your facts straight before chastising others. >>



    That's funny - he sat at Legend's table at ANA while viewing my trade dollar set and said he wasn't. Period. >>



    That's funny - he told me he grades the foreign at PCGS.
  • tradedollarnuttradedollarnut Posts: 20,204 ✭✭✭✭✭
    Ahhhh - darkside. Them ain't real coins. image


  • << <i>Ahhhh - darkside. Them ain't real coins. image >>




    There's a whole different set of dartboards they use for grading those.
  • orevilleoreville Posts: 12,148 ✭✭✭✭✭
    Anyone have any opinion on the future of the ANACS slab(s)?

    Are we going to see the old ANACS slab and policies reinstituted?

    That would be more interesting to me at this point.

    I would have expected James Taylor with his white hat to have joined J.H. Cline and his black hat!
    A Collectors Universe poster since 1997!
  • TrimeTrime Posts: 1,863 ✭✭✭
    Lots of periods!
    But no one stops talking
    Trime
  • leothelyonleothelyon Posts: 8,489 ✭✭✭✭✭
    Even though I have the majority of my collection in 2 different holders; ANACS and PCGS, I am not all that dismayed with it. I would like to have all my coins in one type of a smaller holder but I haven't found anything suitable for such a display. I don't believe an ANACS box similar to PCGS was developed yet for their new holders.....has it?

    Leo

    Ok...desregard..........they do have a box! image

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • flaminioflaminio Posts: 5,664 ✭✭✭


    << <i>Lots of periods!
    But no one stops talking >>

    Yeah, curse that whole freedom of speech stuff. It doesn't really apply hear, but it does make people all uppity and like they can say whatever they want without some forum troll shouting them down.
  • flaminioflaminio Posts: 5,664 ✭✭✭
    Oh, and:

    100!

    (I always wanted to do that...)

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