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Questions Re Grading And Selling 11 Piece Gold Commem Set

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United States
10 Posts
 Posted 07/03/2014  11:01 am Show Profile   Bookmark this topic Add provlima to your friends list Get a Link to this Message Number of Subscribers
I own an early 20th c 11 piece gold commem set which was graded by ANACS in the early 1980's.

Shortly after grading the coins there was a large controversy about lax grading standards being used by ANACS. This obviously made the grades of my coins useless. I am assuming that grading standards have tightened up since then and wish to get them re-graded to current generally accepted standards.

What are the current most universally respected grading services?

Is there one that has an edge over its competition?

Would it better to sell the 11 coins as a set or sell them individually.

What is the best safest way to sell? ebay, coin shows, other?

Thanks for your help!
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matttheriley's Avatar
United States
1512 Posts
 Posted 07/03/2014  11:49 am  Show Profile   Bookmark this reply Add matttheriley to your friends list Get a Link to this Reply
to the forum!

I would think NGC or PCGS would be your best bet regarding TPG.

As far as selling goes, I would check a few local dealers and completed listings on ebay before I decided which way to go. Good luck!
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muddler's Avatar
United States
7191 Posts
 Posted 07/03/2014  11:56 am  Show Profile   Bookmark this reply Add muddler to your friends list Get a Link to this Reply
Usually it would be better to sell the coins individually. There is a limited colector base for these coins and these colecters will be looking for specific coins to add to their sets. As for grading services the top three are PCGS, NGC, and then ANACS. I would not personally have your coins regraded, the cost would be prohibitive if your goal is to sell. Have great photos of your coins so the deserning collector can make their own judgment on condition and advertise them at the grade assigned on your holders. We would like to see photos of your early gold commemorative coins.
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MeadowviewCollector's Avatar
United States
4409 Posts
 Posted 07/03/2014  2:31 pm  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list Get a Link to this Reply
to the Community


Would love to see pictures of them.

When you say 11 piece gold commem set---does that include the two 1915 $50 gold coins?


-MV
CCF Master Historian of USA Commemoratives
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commems's Avatar
United States
12269 Posts
 Posted 07/03/2014  11:13 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
The ANACS grading service has changed ownership several times during its history. Under some owners, the market viewed ANACS' grading to be inferior to the top services (PCGS, NGC), while at other times it has faired better.

During the early 1980s, ANACS was owned by the American Numismatic Association ( ANA) - the founders of ANACS. It had a very good reputation at the time.

Are your coins mounted on a card with a photo certificate similar to the following? (Yours would be a bit different, but generally similar.)

Questions-Re-Grading-And-Selling-11-Piece-Gold-Commem-Set

If they are, I would feel fairly confident that they were graded accurately.

The realities of today's market vs. the early 1980s are such that if you were to submit the coins today to PCGS or NGC for grading, they would have a good chance to come back at a higher grade. Grading criteria have changed over the last two decades.

Can you list the grades of the coins you have. It would help me (and others) make comments on whether it was worth it to submit the coins for grading.


Quote:
When you say 11 piece gold commem set---does that include the two 1915 $50 gold coins?

Generally not, the 11-piece set traditionally features only the $1.00 and $2.50 gold commemoratives. Please note, I can't say for certain that's the case here, I'm only commenting on the typical composition of the 11-piece set.



Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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MeadowviewCollector's Avatar
United States
4409 Posts
 Posted 07/03/2014  11:44 pm  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list Get a Link to this Reply
Off the top of my head, I was thinking it would include the $50 coins...then I went back and did some research.

I forgot that there were two versions of the Louisiana coin (Jefferson or McKinley) and the two varieties of the Grant $1 (with the star or without the star).

-MV
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jimbucks's Avatar
United States
4692 Posts
 Posted 07/03/2014  11:59 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
I have found the old small ANACS holdered coins tend to be graded accurately. The non-holdered ANACS coins with the photo certificate are obsolete and probably not market acceptable. Every small ANACS holdered coin I have crossed over to PCGS made the same grade. If you are selling, PCGS holdered coins tend to bring more money in today's market. Hope that helps.
CCF Master Historian of USA Commemoratives
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commems's Avatar
United States
12269 Posts
 Posted 07/04/2014  12:01 am  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
The non-holdered ANACS coins with the photo certificate are obsolete and probably not market acceptable.

Properly graded coins are always "market acceptable"!


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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