STOP Sending your Coins to ANACS!
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- čas přidán 28. 02. 2023
- While it may cost significantly less than PCGS and NGC, I think submitting coins to ANACS is a huge mistake. Even if the coin graded one or two points higher, more often than not the coin trades for less than a PCGS coin of the lower grade.
There are many great coins in ANACS holders, but the liquidity and market confidence is just not there.
Do you agree?
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I have to respectfully disagree this time brother. Yes it depends on the coin but I’ve found that on coins valued under $125 Anacs is a great option. When all payed on I’m at nearly $30 grading/ship/ins for Pcgs but as low as $13 for Anacs w the right special
I’ve had monster upgrades form Anacs : 1835 1/2c from Xf45~ Au58 Pcgs and 1898 IHC Au58~ Ms64 bn
Every coin deserves its own determination.
I’ve had coins that just barely get dinged with details grades and those go in the Anacs pile. Ms63 Morgan and peace dollars also go in the Anacs pile
I don’t think there is a blanket consensus as per coin/ series about any of the 3 services that I would make. There’s too much nuance coin to coin
ICG is shit and I don’t include them in this conversation
I live by the old saying "buy the coin, not the holder".
Exactly!
ANacs will attribute things that the other companies won't. They will also give a number grade on a details coin so there are reasons to use their service. I personally don't send coins in for grading to anyone.
Yeah they’re good for attributions on unique stuff. NGC and PCGS attribute but will pay more for the service. Like $18 a coin more
I am a long time collector of nearly 60 years. The Walking Liberty Half Dollars is my favorite series of all time. From my experience, and in my opinion, ANACS has tightened up their grading standards in recent years. In 2007, I sent several coins to ANACS that in my opinion came back slightly overgraded. One of those was a 1921-D Walking Liberty Half Dollar. They gave it a VG-8, but in my opinion, it was no better than a Good-6. Last year, I cut that coin out of the original ANACS slab, and sent it to ANACS a 2nd time. This time it indeed came back a Good-6. However, I also have seen circulated key date Walkers in PCGS and NGC slabs that I also consider overgraded. For example, in my opinion, for a WLHD to qualify for an extremely fine 40 grade, the breastplate on Lady Liberty must be full and complete, and the feathers along the eagle's neckline must begin to show. However, I have seen XF40 WLHD's graded by both PCGS and NGC that don't have those two grading criteria. However, we are all better off WITH grading services available rather than NOT having them around at all. Still, to a large extent, it is a crapshoot no matter where I decide to send my coins to. It's just that the more expensive items should be sent to NGC or PCGS. And I feel safe sending coins to ANACS if they are worth less than $100-$120. Just my 2 cents worth for what it is.
I agree, there are a lot of CZcams videos that I have watched where people are sending their ANACS graded coins in for crossover to PCGS and they are crossing over at the same grade and in a few cases jumped up a grade. A few have dropped a grade. For the most part they crossed at same grade. I hope ANACS gains more acceptance in the coin community as they have better prices and no membership, I also like their new curved holders. In any case PCGS and NGC have just become ridiculous with the fees they charge, especially for first strike or first day labels. 18 dollars for a label is just raping the collectors wallet, not to mention all the other outrageous prices for other services that take very little labor on their side to justify the price. They also grade Norfed Liberty Dollars which is a plus! PCGS and NGC will not grade these, just another disservice to the collectors community.
Only time i pay for the holder over the coin, is for the old anacs soapbox, cause i love them but otherwise, as long as the coin is nice, i buy anacs, pcgs, ngc and icg.
No membership fees!!!!!
Oldest grading company. Started by the ANA. I love them. Just submitted the new proof morgan and peace. Keeping them for my young sons no matter what. 👍🏼
I think there’s several reasons where ANACS is an adequate place for collectors to send coins. But if you’re strictly referring to the premium a coin will bring in the “current” marketplace, then PCGS & NGC are you’re best options.
I'd take an old soapbox holder any day of the week...
I’m indeed - some great coins in them. Too bad they didn’t stick with them.
I love ANACS however, you have to understand the Caliber of the coins you submit. For an example Abu Franklin half dollar you pay $20 for and it gets full Bell lines mint state 64 worth $45 you have a $13 grading fee and there's enough room for-profit and you can sell cheaper coins with ANACS holder's. Coins that are in 2 by 2 flips are uninteresting to buyers. When I have more expensive coins I like to send those to pcgs for sure
For authentication anacs is just fine imho
You're kidding dude, a 65 Morgan is NOT going to end up in an Anacs 67 Holder. Even finding a for sure 67 Morgan is a rarity itself. A 67 would have to be a super kick ass coin to end up in a 67 holder, an a 65 is not accidentally going to get a 67 grade by Anacs. Do you even imagine the financial liability for the Anacs guarantee to make an accident like that? Wouldn't happen.
Not so! ANACS is great, PCGS is biased in favor of their members who make large volume submittals, and is inconsistent in their grading. (my opinion)
If I like the coin and agree with the price I don't care what it's in.
I disagree, I sell as many or more anacs coins..as any other pcgs..or ngc coins.and get a better price on certain coins,plus I am not waiting 6 months to get my coins back..please stop downing on one of the best grading companies out there..I still liked the video tho..
No way you get more money. If you take two same exact coins. One Anacs one pcgs the one from pcgs will win every single time. Not even a debate.
I am a bit confused on WHO to send my coins to. I was watching another video where pcgs messed up the grading on a 1964 (B) US Quarter. Stamped 5 cents on it and did not even verify the obvious variety on the coin.
NGC or PCGS are the best bang for your buck.
I will always send my coins to ANACS regardless of public opinion. Why should anyone pay for expensive memberships and coin grading costs attributed to PCGS and NGC marketing? Obviously, the marketing has worked and they've managed to persuade public opinion but I will not be a participant. And if I sell a coin, the buyer can simply resubmit for a crossover evaluation if they wish. Stop buying into the hype people.
PCGS has totally collapsed in terms of service since the ownership change.
I agree ANACS doesn't bring in as much as PCGS & NGC when selling but I can also say as of late my PCGS coins have been overgraded. Also seeing coins pass thru PCGS that should have had "Details" on the label. Not sure if due to PCGS being overwhelmed and backlogged or intentional for more business.
Everyone is entitled to their own opinion
Probably before you were born.. ANA and Anacs were one.
Anacs doesn't normally under grade the others overgrade
I think a lot of people sending to ANACS are doing it for their own Keeping! JJ
Yep - as far as I’m aware the new holders are decent at keeping the coins safe from the elements, although we’ll see as time goes on.
I like anacs grading,i think like alot of the big companys think they can charge more , like pcgs,ngc .its just someone looks at your coin,and sets a grade at there will, we can all do that !
For me I buy Coins already Graded usually by PCGS because if I ever sell the coin I will get the most money in that holder. However when catch a auction on EBay that has a MS65 or higher but it’s only in a NHC holder I will still buy it. I would love to see Anacs start catching up with these two aforementioned companies in the sold listings. So far that isn’t happening. Enjoyed the video because I seen a new coin. Happy collecting from Fort Smith Arkansas area
ANACS was the 1st company to start grading, and they have their place, mainly with lower priced coins.
I don't feel that one company should have a monopoly.
Wow that square coin is awesome! I've not seen that before. Is that authentic or a restrike? Authentic at that price. Cool piece. So my overall PCGS costs for sending in 10 coins is $38. My overall cost for sending in Anacs was $16... so for any coin worth less than $100, I really don't see the purpose in spending the money for PCGS (plus 4 weeks wait for Anacs vs. 4 months for PCGS) is reason enough to not wait. To each their own, Anacs is what I consider to be the best value for the money. I also don't agree that Anacs grades "easier" but I know they have a reputation for it, I just haven't found it to be true. Great looking coins, thanks for sharing!
Yep - reasonably common, but still really cool to find a silver coin from the 1700s.
For me, under $300 coins are usually about $24 each after shipping and handling.
With the looming advent of Mr Albinese' new grading service - do you attribute the sudden drop-off in grading standards by ANACS and some others as well
No, not sure about ANACS, but PCGS and NGC hired some new folks that now how to grade extremely well. I think it was in part rushing and for the last 3 months I’ve seen better quality from the two. ANACS has been steadily declining for years, and everyone who was decent quit
@@bignubnumismatics My Barber Half Dollar grades for circulated/AU examples have fallen off of a cliff when it comes to accuracy which is why I have been asking so much for the "How to Grade" video in case I'm missing something on VF35-AU-50 area and also VG10-Fine 12-ANACS have been BLOWING IT
@bignubnumismatics I just got a look at this video and let me say that I enjoy the content. However, I disagree with your statement that everyone decent left ANACS. You might find that many people at the other grading services would disagree with that sentiment as well. You might take a look at the reputations of JP Martin, Michael Fahey and John Roberts who makeup the Senior Staff at ANACS. I think you will find that they are very well respected by most of their peers in the numismatic field. I might also include that the graders at ANACS have been there for many years. I’m not sure where you were at 20 years ago, but much of ANACS’ staff had already been well respected members in the numismatic community even then.
Hmm, I dont have a problem w/ANACS. I buy raw, have ANACS grade them, and sell them to Great collections.
BTW, ANACS graders can work for NGC/PCGS, and vice-versa.
Whatever happened to buy the coin not the holder
CAC will be grading coins, sometime in 2023. They will start out at #4, after pcgs, ngc, and anacs.
I really doubt your complaint that a nice MS65 Morgan would come back from ANACS as an MS67 @6:20.
How can people be selling pre orders of PF70 NGC graded 2023 Eagles before the US Mint began shipping? Unless the fix is in!
Generally those people already have a box or many, many coins they know they will get. They’ll end up with enough, whether they make money or not is the real question.
I really hate that, FIRST STRIKES !!!! MS or PF70, sales scam. I swear, if I covered the grade up I can't tell the difference between 69 and 70 but you'll feel it in your pocketbook.
I completely agree - the't grade Barber Halves or even basic Morgans anymore imho
Thanks for the anac opinion! I 'll take the square one!!
Other than for attribution of minor varieties I would never send to Anacs. Thanks for the purchase
“Most of these weren’t engraved by the most professional of people.” I suggest you look up the background of Robert Aitken the engraver of your 1935 commemorative half dollar. Ludicrous statement.
Why have to pay membership, huge grading fees then wait for 3 months to get the grades and another two weeks to get your coins? I dumped PCGS several years ago. They graded one of the British Music legends coins as a PR68DCAM! I examined the coin under a microscope and I detected zero flaws! I cracked it out of the holder and sent it to NGC, it came back as a PR70 UCAM.
I send my coins exclusively to ANACS now. I've saved hundreds doing this. ANACS is the oldest coin grading company in the country and they do a fine job of grading. So quit your bellyaching brah.
Also to note : Anacs coins don’t make the cut to my Personal collection. Not because they can’t grade but because their holders are Fkn god awful ugly and they absolutely refuse to change them no matter how much negative feedback they get. Also they don’t engage on social media and they are terrible about communicating with their customers
The head marketing and product development is terrible and the CEO should have been fired 10 years ago. Don’t get me wrong I have many complaints about Anacs
Your reasoning to why you shouldn’t send coins to anacs was non-sensical…
It costs less to send coins to ANACS, but you get a lot less for your coins than what you save.
Therefore it’s better to send coins to PCGS and NGC (if you are sending coins to be graded). As they sell for more money and faster.
Disagree with you , prefer ANACS , grading is excellent .
Me and most coin dealers think ANACS is a waste of money and will regret ever buying a ANACS graded coin. If I had a ANACS coin I ammediately break open the holder and sell the coin raw and I feel so much better...
Anacs is run by a clown named Jeff?
No real dealer will ever pay up on anything with anacs holders
Stop being cheap use PCGS only
You know coins, but Sir, the conceptual recognizance you possess is lack-luster and bass ackward as hell. This is a stupid opinion pushed into the title. Fact is, PCGS is the most agregious contaminator of the TPGs grading pool. Gradeflation IS PCGS.