ANACS Coins in Heritage Auction

skier07 · February 3, 2011 3:27AM

Just curious about this. I was looking through Heritage's auction catalogue for the upcoming show in Long Beach. Perhaps 10% of the coins
being auctioned are in ANACS slabs and out of these maybe half of them are net graded. Is it a reasonable assumption for me to make that
the coins that are not net graded would probably not either cross at the same grade by PCGS or NGC or might not even grade period?

Comments appreciated.

Bruce

Mitchell · February 3, 2011 3:28AM

Buy the coin not the holder.

johnny9434 · February 3, 2011 3:45AM

<< Buy the coin not the holder. >>

yes to what mitchell said

mozin · February 3, 2011 4:09AM

Don't expect the auction lot ANACS coins to cross at the same grade.

IrishMikey · February 3, 2011 5:36AM

Since you cannot reasonably expect every NGC coin in the auction to cross to PCGS (or the
other way around), it is probably safe to assume that the ANACS coins are not a guarantee
to cross. As many have said here, if you want a coin in a PCGS holder, best to buy it that way.

Steve27 · February 3, 2011 5:53AM

I have only one experience, so it's not a good statistic, but I cracked-out an AU53 designated coin from an ANACS slab and it graded AU55 at PCGS. So as has been said, buy the coin not the holder.

AnkurJ · February 3, 2011 6:03AM

For lower priced coins (under $1000), I wouldn't have a problem with the ANACS holder. I've crossed a bunch of bust halves from small ANACS holders to PCGS. But for more expensive coins, there is a reason the coin is in an ANACS holder and not PCGS/NGC. Caveat Emptor.

19Lyds · February 3, 2011 6:08AM

One thing you CAN expect is for some yokel to come along, buy the net graded coins for cheap, crack them out and then sell them raw on eBay for big bux.

I see several key dates and varieties which could be candidates.

Rampage · February 3, 2011 6:59AM

<< For lower priced coins (under $1000), I wouldn't have a problem with the ANACS holder. I've crossed a bunch of bust halves from small ANACS holders to PCGS. But for more expensive coins, there is a reason the coin is in an ANACS holder and not PCGS/NGC. Caveat Emptor. >>

Not always true. Remember, there WAS a time when ANACS was the only choice for grading. I have held and still do have several coins in ANACS slabs. They are what they are. My opinion is that if you have to have a numeric number on a slab to determine whether or not you like the coin, then you are in the wrong line of collecting and need to get your priorities straight. Whether the coin is in an ANACS 65 holder or a PCGS 65 holder or an NGC 65 holder, they are still the same coin...PERIOD...you either like the coin or you do not.

thisnamztaken · February 3, 2011 7:59AM

<< 

<< For lower priced coins (under $1000), I wouldn't have a problem with the ANACS holder. I've crossed a bunch of bust halves from small ANACS holders to PCGS. But for more expensive coins, there is a reason the coin is in an ANACS holder and not PCGS/NGC. Caveat Emptor. >>

Not always true. Remember, there WAS a time when ANACS was the only choice for grading. I have held and still do have several coins in ANACS slabs. They are what they are. My opinion is that if you have to have a numeric number on a slab to determine whether or not you like the coin, then you are in the wrong line of collecting and need to get your priorities straight. Whether the coin is in an ANACS 65 holder or a PCGS 65 holder or an NGC 65 holder, they are still the same coin...PERIOD...you either like the coin or you do not. >>

Yup. That pretty well sums it up.

coinbuf · February 3, 2011 8:19AM

<< Remember, there WAS a time when ANACS was the only choice for grading. I have held and still do have several coins in ANACS slabs. They are what they are. My opinion is that if you have to have a numeric number on a slab to determine whether or not you like the coin, then you are in the wrong line of collecting and need to get your priorities straight. Whether the coin is in an ANACS 65 holder or a PCGS 65 holder or an NGC 65 holder, they are still the same coin...PERIOD...you either like the coin or you do not. >>

Just about the best post ever

AnkurJ · February 3, 2011 8:55AM

<< 

<< For lower priced coins (under $1000), I wouldn't have a problem with the ANACS holder. I've crossed a bunch of bust halves from small ANACS holders to PCGS. But for more expensive coins, there is a reason the coin is in an ANACS holder and not PCGS/NGC. Caveat Emptor. >>

Not always true. Remember, there WAS a time when ANACS was the only choice for grading. I have held and still do have several coins in ANACS slabs. They are what they are. My opinion is that if you have to have a numeric number on a slab to determine whether or not you like the coin, then you are in the wrong line of collecting and need to get your priorities straight. Whether the coin is in an ANACS 65 holder or a PCGS 65 holder or an NGC 65 holder, they are still the same coin...PERIOD...you either like the coin or you do not. >>

This is an idealistic approach that doesn't always work. When buying from an auction based on images, the grade on the slab is a safety net of sorts that gives peace of mind and help assign value. We are only talking about buying from Heritage here, not in hand.

relicsncoins · February 3, 2011 9:02AM

<< 

<< For lower priced coins (under $1000), I wouldn't have a problem with the ANACS holder. I've crossed a bunch of bust halves from small ANACS holders to PCGS. But for more expensive coins, there is a reason the coin is in an ANACS holder and not PCGS/NGC. Caveat Emptor. >>

Not always true. Remember, there WAS a time when ANACS was the only choice for grading. I have held and still do have several coins in ANACS slabs. They are what they are. My opinion is that if you have to have a numeric number on a slab to determine whether or not you like the coin, then you are in the wrong line of collecting and need to get your priorities straight. Whether the coin is in an ANACS 65 holder or a PCGS 65 holder or an NGC 65 holder, they are still the same coin...PERIOD...you either like the coin or you do not. >>

Good post which rings true especially when buying a coin for one's collection. However, the reallity is when selling is that for the most part, ANACS does not bring the same amount as PCGS or NGC. Of course there are exceptions to the rule, but I'm speaking in general terms here.

SeaEagleCoins · February 3, 2011 9:36AM

<< 

<< For lower priced coins (under $1000), I wouldn't have a problem with the ANACS holder. I've crossed a bunch of bust halves from small ANACS holders to PCGS. But for more expensive coins, there is a reason the coin is in an ANACS holder and not PCGS/NGC. Caveat Emptor. >>

Not always true. Remember, there WAS a time when ANACS was the only choice for grading. I have held and still do have several coins in ANACS slabs. They are what they are. My opinion is that if you have to have a numeric number on a slab to determine whether or not you like the coin, then you are in the wrong line of collecting and need to get your priorities straight. Whether the coin is in an ANACS 65 holder or a PCGS 65 holder or an NGC 65 holder, they are still the same coin...PERIOD...you either like the coin or you do not. >>

The collector in me whole-heartedly agrees!

Sadly, the dealer that I am has found this does not turn out to be all that true when it is time to buy or sell...

RedTiger · February 3, 2011 9:39AM

Search the Heritage archives for the coins you are interested in. Note the differences in average prices between the companies and factor that in. If there isn't any appreciable price difference for the coins you are interested in, you'll see that and can bid accordingly. If there is a large difference in average price, you'll see that, and can adjust your bids depending on which kind of holder the coin is in. Do the homework and go in with eyes open. There will always be exceptions to the rule, however, when there are a lot of data points, it is worth paying attention to.

streeter · February 3, 2011 9:48AM

<< For lower priced coins (under $1000), I wouldn't have a problem with the ANACS holder. I've crossed a bunch of bust halves from small ANACS holders to PCGS. But for more expensive coins, there is a reason the coin is in an ANACS holder and not PCGS/NGC. Caveat Emptor. >>

WHAT HE SAID.............x2

edit: the reason I feel strongly about this is that ...IF....the coin is all there....seller would prolly take a hit in an A nacs holder. JMO

rlarick · February 3, 2011 1:28PM

I have been noticing that some recent ANACS slabs have had some really nice coins for the grade in the label, at least on Lincoln Cents. no... not some all of them that appear to be back from recent grading. I probably should shut my mouth.

roadrunner · February 3, 2011 1:35PM

ANACS coins generally don't have the standing and liquidity of PCGS or NGC. If they cross you make out ok. If they don't, you'll lose.

Unless you can see them yourself (or have them viewed by another) the only safe way to bid is one grade lower.

The only exception I'd make for this rule is the 1st gen mini-white slabs circa 1990 with the gold foil hologram on the reverse. Those are almost always graded conservatively vs. today's standards.

roadrunner

rld14 · February 3, 2011 1:41PM

I've bought 2 coins from Heritage in ANACS slabs.

1) Cracked the F15 out, put in flip, send to PCGS, comes back VF25 that was a Barber Half

2) Cracked the VF25 out, put in flip, send to PCGS, comes back XF40 that was a Seated Half

What do I know?

AnkurJ · February 3, 2011 1:49PM

I had a conversation with someone at Heritage about a coin in an ANACS holder. I bought a coin in an old white holder, and it turned out to be a problem coin. I stated that I bid because Heritage did not state the problems in the description, and the coin was in a problem free ANACS holder.

His response: "The problem with the coin IS THE ANACS HOLDER".

I was left speechless.

Nuff Said.

ANACS Coins in Heritage Auction

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