Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Royal Estate Auctions - $1 Coin AuctionsSpecializing in Modern Numismatics 300,000 items to help build your collection! Vancouvers #1 Coin and Paper Money Dealer Join Thousands of Coin, Bullion, & Money Collectors Coin, Banknote and Medal Collectors's Online Mall Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes.








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Getting Some Morgans Graded...ANACS?

To participate in the forum you must log in or register.
First Page  Showing last 15 replies.
Author Previous TopicReplies: 21 / Views: 5,229Next Topic Page 2 of 2
Bedrock of the Community
United States
12057 Posts
 Posted 10/04/2015  10:40 pm  Show Profile   Bookmark this reply Add paralyse to your friends list
ANACS is superior for identification and attribution of VAMs, especially the less common ones. However, there is a slight penalty in future resale value incurred vs. PCGS or NGC.

Member ANA - EAC - TNA - SSDC - CCT #890

"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
Bedrock of the Community
United States
11951 Posts
 Posted 10/05/2015  1:28 pm  Show Profile   Bookmark this reply Add GR58 to your friends list
IMO, everyone talks about the ANACS slabs not selling as high as
PCGS or NGC.

I recently did a search on ebay. I was looking at common Morgan's
graded MS 65. I did not see a lot of difference in price, between
the top three TPG's.

But there is a lot of difference in the prices to have the coins
graded.

Right now you can send in 10 to 30 coins to ANACS for $11.90
for each coin. You will have to pay shipping and insurance going
to ANACS, the return shipping is included in the $11.90.

In my experience the average cost for NGS and PCGS is between
$30 and $40 dollars per coin. I do want to say, I like NGC a lot,
but there price are getting so high, it is making some coin not
be cost effective to send in.

Most times sending in a common Morgan, the coin will have
to grade at least MS 64 to make it worth the cost, and that
is depending on how much you paid to purchase the coin.

These numbers will be much different for better date Morgan's.

I sent in 10 coins to ANACS, and 10 this month. Last months coins
have come back. Of them three were common date Morgan's.
I thought all three had a chance at 64 or 65 grades. Two did
make MS65, but one only got MS63. Getting a MS63 means
I pretty much wasted the money I spent getting it graded.
I am glad I only wasted $13 instead of $35 NGC would have
cost me.

I am not sure I agree with the MS63 grade, or I would not
have sent it in. But ANACS is suppose to be known to
grade Morgan's accurately. I will look at it again in a
week or so, hoping to see what they are seeing.

I know this went on a little long ... I just hope it helps in your
decision on where to send your coins.
Pillar of the Community
United States
757 Posts
 Posted 10/05/2015  3:57 pm  Show Profile   Bookmark this reply Add davec13 to your friends list
I've been talking with a lot of dealers lately, and Saturday at a show over coffee and a cigarette 4 of us were talking TPG. The consensus was the vast majority of buyers want PCGS. The one dealer won't even keep a NGC or anacs graded coin in his inventory. He cracks them out and resubmits them or leaves them raw. The other 2 weren't so extreme but they said at their shops NGC coins definitely don't sell as fast or for as much as a same grade PCGS coin. The one thing they all agreed on was any ANACS coin knock minimum one point from the grade because all the new stuff is over graded. They said the older ANACS small size white holders coins are graded fairly accurate and those are a safe buy, but stay away from the new stuff. So if selling them is in your future you may as well bite the bullet and send them to PCGS.
Bedrock of the Community
United States
94367 Posts
 Posted 10/05/2015  4:46 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
I favor PCGS over NGC, but only very slightly. They both deservedly have very fine reputations. I would never buy an ANACS holder usless it was clearly a bargain or an unmarked variety. They typically appeal to a more cost-conscious tier of the collecting community. The reason they're less expensive is that they have to be in order to survive, given their checkered and inconsistent grading history. The mistake in submitting to ANACS will become clear when you try to re-sell some day. Many auction houses (Heritage, e.g.) will not even take ANACS slabs.
Pillar of the Community
United States
757 Posts
 Posted 10/05/2015  5:16 pm  Show Profile   Bookmark this reply Add davec13 to your friends list
I just for the heck of it looked at completed auctions for a 1881s Morgan in ms65. PCGS is averaging about $150, NGC is around a $140 average, ANACS is around $110. So you may save ~$20 in grading fees, but you could lose upwards of $30 in value when trying to resell it. Also as coinfrog said some auction houses won't sell an ANACS graded coin you could potentially have to pay to regrade the coin. Losing you even more money.
Bedrock of the Community
United States
94367 Posts
 Posted 10/05/2015  5:24 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
Exactly.
Pillar of the Community
United States
1450 Posts
 Posted 10/05/2015  5:28 pm  Show Profile   Bookmark this reply Add terry8835 to your friends list
If I were going to hold onto the coins for 20+ years why get them graded now? It just adds to the expense of your coin.
Valued Member
United States
245 Posts
 Posted 10/05/2015  6:21 pm  Show Profile   Bookmark this reply Add TMCD75 to your friends list
Well I've got a ton of feedback, thanks guys!! I guess I may just hold off on getting them graded since I plan on keeping them for a long time. It would be nice to get them graded just to know where they stand. I have an idea but I'm no grading expert.
Bedrock of the Community
United States
94367 Posts
 Posted 10/05/2015  6:26 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list

Correct. Wait until you are more sure of what to do.

Remember - there are hundreds of slabbed coins available every day on ebay that are available for far less than the original grading fee.
Pillar of the Community
United States
1317 Posts
 Posted 10/05/2015  6:36 pm  Show Profile   Bookmark this reply Add thecoinguy1964 to your friends list
I'm afraid in 20 years, the Chinese fakes will have killed coin collecting, as we now know it.
Pillar of the Community
Learn More...
United States
5828 Posts
 Posted 10/05/2015  7:04 pm  Show Profile   Bookmark this reply Add ChildOfTheWheat to your friends list
I have to disagree. It is VERY easy to detect most fakes, if you know where to look. Plus, with certification services as cheap as ANACS, all key date coins, as well as any coin worth over $50, should be slabbed.
Pillar of the Community
United States
757 Posts
 Posted 10/05/2015  7:42 pm  Show Profile   Bookmark this reply Add davec13 to your friends list
How many "good" fakes have you looked at childofthewheat? There are a lot of "bad" fakes posted here from ebay auctions, but there are many "good" ones floating around in collections and even dealers cases. These are the ones to worry about. Here is an example of a good fake.
Getting-Some-Morgans-Graded...ANACS?

Would you be able to confirm that it's fake from that picture? I have many fake key dates that would fool 99% of buyers by photo only. I may for the heck of it submit a really good 1916D Mercury dime to ANACS and see if they can detect a good fake. It's been body bagged by NGC and PCGS, but most people I show it too dealers/collectors think it's legit.

A subpar TPG company is almost worse the counterfeit.
Pillar of the Community
United States
1450 Posts
 Posted 10/05/2015  7:49 pm  Show Profile   Bookmark this reply Add terry8835 to your friends list
Coinfrog

You are so right. I have bought common slabbed Morgans in MS64 for $65. I crack them out of their slabs and add them to my book set. I have often wondered why in the world someone would pay to have PCGS grade them? I sure do understand why you would want a rare and expensive coin to be slabbed and graded before you pay for it online. Almost the majority of Morgans MS64 and above are slabbed even common ones. It is a nice free benefit, but it does not addd to the value if I take the coin to my LCS and try to sell it. He grades his own coins.
Pillar of the Community
United States
506 Posts
 Posted 10/06/2015  10:59 am  Show Profile   Bookmark this reply Add coinlover168 to your friends list
TMCD, if you really want to know where your coins stand grade-wise, you can try posting them in the grading section. We have many experienced eyes and it gives you a consensus opinion.
Valued Member
United States
245 Posts
 Posted 10/06/2015  5:41 pm  Show Profile   Bookmark this reply Add TMCD75 to your friends list
OK, thank you, coinlover, I will try to post a few.
Page 2 of 2   Previous TopicReplies: 21 / Views: 5,229Next Topic Page 2 of 2
First Page  Showing last 15 replies.
To participate in the forum you must log in or register.


    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.34 seconds to rattle this change. Forums