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Opinions Of These Morgans

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Pillar of the Community
smokeriderdon's Avatar
United States
3755 Posts
 Posted 09/02/2012  4:45 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply

Quote:
Half the ANACS on ebay are in the case and half are in a slab so they may be removing them now



Quote:
With both ANACS and PCGS I believe they crack them out of the GSA holder and all you get is a label stating they were in a GSA holder when they received them.



OK, since it seems that no one will believe me, here it is from the back of the submission form for ANACS:

GSA Dollars
ANACS will certify GSA Dollars either in the original
government packaging or removed from the original
government packaging.
Recommended - To have GSA Dollars certified in the
original government holder, just submit the coin as you
would a raw coin. The coin will be graded (and attributed,
if requested) without being removed. The results of this
service are not protected by any ANACS guarantee.
There is no additional charge for this service.
To have GSA Dollars certified in an ANACS holder,
submit the coin as if submitting coins for Crossover
Service. A minimum grade is required. THE COIN WILL
BE REMOVED FROM THE ORIGINAL GOVERNMENT
PACKAGING, graded, described as being a GSA Dollar
on the label, and encapsulated in an ANACS holder. The
results of this service are guaranteed. There is no
additional charge for this service.


So, as I said, do not waste your money and time sending it to NGC. Send it to ANACS. You dont have to pay membership or find a dealer and wait God knows how long for it to come back.
Pillar of the Community
Gyrene7483's Avatar
United States
1704 Posts
 Posted 09/02/2012  4:58 pm  Show Profile   Bookmark this reply Add Gyrene7483 to your friends list Get a Link to this Reply
ANA members can submit coins to NGC directly without having an NGC membershipr or going through a member coin dealer. Contact NGC to have them explain how to submit coins that way.

I would strongly recommend using NGC as when the time comes to sell in the future you will net more for the coins having been graded by NGC than if they were graded by ANACS so it is absolutely worth the extra to go NGC over ANACS.

Ed
ANA LM-3175
Pillar of the Community
smokeriderdon's Avatar
United States
3755 Posts
 Posted 09/02/2012  6:13 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply

Quote:
you will net more for the coins having been graded by NGC than if they were graded by ANACS


That will hold only so long as people keep saying that and drinking that particular pitcher of Koolaid. Simple fact is they are no better than ANACS.

Also towards the point of they are no better. If PCGS and NGC were soooooo much better, there would be NO market for that stupid CAC label. Yet there it is. The grading of the grading service. Yeah, that makes me shiver with confidence in their superiority.

And thirdly, I do believe the popular refrain here is dont by the slab, buy the coin.


Quote:
ANA members can submit coins to NGC


So no matter how you cut it, you have to be paying club dues to SOMEONE in order to use their service. Unless ANA is dues free. If so, ignore that comment.

So, all that to simply reiterate, shoosh them off to ANACS and there ya go.

Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 09/02/2012  10:38 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
That will hold only so long as people keep saying that and drinking that particular pitcher of Koolaid. Simple fact is they are no better than ANACS.


While the market did change in the past I dont see it changing much in the future without PCGS or NGC being severely mismanaged with how big and entrenched they now are. Also all new collectors coming into the hobby are coming in at a time with them considered the best which will only cement that going forward as opposed to older collectors who still remember the times they werent the best or were all considered equal

Its just like a stock. Two companies in the same field could have identical financials but one will trade higher than the other. They may be just as good but you cant ignore what the market says about them.


Quote:
If PCGS and NGC were soooooo much better, there would be NO market for that stupid CAC label. Yet there it is. The grading of the grading service. Yeah, that makes me shiver with confidence in their superiority.


Its just a way to distinguish coins of the same level from each other. People are always looking for ways to say theirs is the better one.

For what its worth just because something didnt sticker doesn't mean its graded wrong. Theres not much different in high ms grade between high end and low end of the grade but in lower ms grades and below ms there can be quite a difference
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D0ubl3Eagle's Avatar
United States
5854 Posts
 Posted 09/02/2012  11:08 pm  Show Profile   Bookmark this reply Add D0ubl3Eagle to your friends list Get a Link to this Reply
That's a nice trio of CC dollars! If you decide to send it it, NGC and ANACS will certify the coin in the holder. My guess is they could grade MS-65, might just make MS-65, and MS-64.
Pillar of the Community
Gyrene7483's Avatar
United States
1704 Posts
 Posted 09/03/2012  12:16 am  Show Profile   Bookmark this reply Add Gyrene7483 to your friends list Get a Link to this Reply

Quote:
That will hold only so long as people keep saying that and drinking that particular pitcher of Koolaid. Simple fact is they are no better than ANACS.

PCGS and NGC may be no better than ANACS, I actually agree but the simple fact is try and get the same money for a coin in an ANACS slab as one in either a PCGS or NGC slab. Never happen in today's marketplace. PCGS has a premium over NGC which has a premium over ANACS all things being equal in regards to grade. Shouldn't be like that but that's how it is.


Quote:
If PCGS and NGC were soooooo much better, there would be NO market for that stupid CAC label. Yet there it is. The grading of the grading service.
CAC was founded as a result of the corruption of the graders which were assigning higher grades to their friends' coins than they actually graded. The purpose of CAC as I see it is confirmation of the grade assigned. I wouldn't pay a premium for a coin just because it has a CAC sticker on it. It all goes back to the collector / investor should learn how to grade the coins they buy and not rely on someone else to do that for them.

I buy both raw and slabbed coins and the price asked for the coin must in my opinion match the quality of the coin for that price. If it doesn't I don't buy the coin.
Pillar of the Community
smokeriderdon's Avatar
United States
3755 Posts
 Posted 09/03/2012  10:24 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply
I would disagree with the premise of CAC based on one simple fact. The guy who owns it ( I can never remember his flipping name) is the same who had a hand in both PCGS and NGC. So now he makes even more money grading his old grading companies. Sorry, but thats just a bit too fishy for me. And if you look at the auction houses, they all stress that darn green sticker and certainly do figure to draw more for that coin.

The thing is, the market is influenced very much by folks saying PCGS is so much better. Its very much a false inflation IMO.

Regardless, I do believe the OP stated he had no intentions of selling them...
Quote:
I don't plan on selling, I just figured since these are in such fantastic shape with the bag marks being the lone detractor, I would get them graded just for the sake of getting them graded


So that makes ANACS even more logical if you take into account Gyrene and basebals points.
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acloco's Avatar
United States
3540 Posts
 Posted 09/03/2012  10:47 pm  Show Profile   Bookmark this reply Add acloco to your friends list Get a Link to this Reply
I still think any coin sent to CAC that does not green or gold sticker, should have a hot iron in the plastic indicating the coin WOULD NOT STICKER.


FYI - I just sent my 82 CC to NGC. Unfortunately, it does matter what TPG has graded the coin in this market.
Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 09/04/2012  12:51 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
I do wish they would say which coins didnt sticker and why, was it on the low end or had it degraded and no longer deserves its grade.

Smoke I think his name is John Albatross (sp?). I agree hes clearly helping out PCGS and NGC stay on top by only taking their coins and dont see that ever changing, maybe he has some bad blood with some ANACS people from his time at PCGS and NGC or maybe he started to get concerned their standards had lapsed since he left who knows. I'm sure personal financial gain was part of it as well.

But other then help them be considered on top if anything the sticker would make them grade harder wanting more coins to sticker. All three do a good job but definitely have different markets. IMO at this point I just dont see the balance of power switching. PCGS and NGC are so much bigger than the others now itd be a real long haul to swap with one of them. I could see PCGS and NGC flipping as top dog from time to time over the years but without some mismanagement or something major theyre so entrenched its hard to imagine a switch.
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Bryan1315's Avatar
United States
14454 Posts
 Posted 09/04/2012  06:57 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply

Quote:
Smoke I think his name is John Albatross (sp?).

It is actually John Albanese
New Member
maz25's Avatar
United States
10 Posts
 Posted 09/05/2012  01:21 am  Show Profile   Bookmark this reply Add maz25 to your friends list Get a Link to this Reply
Very informative follow-ups, thanks!
Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 09/05/2012  01:23 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Bryan lets just chalk that up to a typo
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