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 Replies: 19 / Views: 3,962 |
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Rest in Peace
United States
954 Posts |
Hi gang, Did you read the article that Coin World published about the new ANA grading book to be released shortly..? From what I understand there have been some grading standards changed. The example they talked about was the Indian Head penny. It seems that the old requirement of having 3 letters shown is out and some can actually be graded Fine. My question is this. Does this mean that all those Indians that have been slabbed and graded now have to be re-graded and re-slabbed to have the correct grade according to the new ANA Standards.? catman  |
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Pillar of the Community
United States
1247 Posts |
I'd like to know whose "standards" are they? The copyright for the 6th edition according to CoinWorld is owned by Whitman. I believe Whitman also owns ANACS now. If Whitman owns the copyright I'd like know why it's being called: "The Official American Numismatic Association Grading Standards for United States coins." If the ANA doesn't control the copyright than they own diddly-jack.I don't see what can stop Whitman from making the standards whatever they want. I don't have a problem with that since it's their property now but I have a problem with the ANA being joined at hip with yet another commerical interest. There's no details on how Whitman came to own the copyright. And it also sounds like an episode that even caught CoinWorld by surprise. More than anything else, it smells like more "revenue" grasping by the ANA to me.  I guess we'll have to wait for some details on this. If in fact they ever come out. In the mean time I am so outta there I might cancel my membership instead of waiting for it to expire. They've gone too far this time. Edited by longnine009
08/03/2005 9:35 pm
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Rest in Peace
United States
2884 Posts |
Sort of a strange trip for the ANA. ANACS was founded and owned by the ANA from around 1979 to 1990 when it was sold to Amos Press. Last year ANACS was sold to Anderson Press, Is that Whitman or a parent company or vice versa? Changing grading standarfs as significantly as was mentioned it seems to me will create a rash of re-submissions $$$$$$ for you know who! I just got this weeks edition, mine are always late after the Coin Values edition. I have not read the article yet but find this whole thing very interesting. Mike |
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Pillar of the Community
United States
2724 Posts |
Just 1 more example of why I no longer support the ANA. |
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Valued Member
United States
146 Posts |
Yes I agree. The original idea of the ANA was a good one, but anymore. It just is a money machine,that has many financial interest out there |
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Valued Member
United States
421 Posts |
I read something somewhere (isn't that always the case  ) of a comment that the ANA grading book is not setting the standard but rather documenting the standard in use in the marketplace. I wish I could remember the source and the attribution of that statement. I want to say it came from someone at the ANA but I could be wrong so I won't say that.  |
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Valued Member
United States
146 Posts |
In addition, How can the standard be changed, and who is the authority. Certainly not the ANA. And once the change is made, What happen's to all the PCGS and NGC item's that are now overgraded, as a result. What about the investor's that paid top $ for these item's, and now they are overgraded, and decreasing in value. |
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Pillar of the Community
United States
2724 Posts |
quote:
Originally posted by Stujoe
I read something somewhere (isn't that always the case ) of a comment that the ANA grading book is not setting the standard but rather documenting the standard in use in the marketplace.
The ANA made that announcement. However, since this is the same group that SELLS its endorsement to the highest bidder, what more can you expect. The Market does not need grades to adjust prices. Coins CANNOT get better with age. They are whatever grade, and the market dictates its value. By "reissuing" grades it only goes to show how poor the standards are to begin with. The ANA has NO HOPE of directing the hobby, and from all appearances they have NO DESIRE. They simply follow the crowd like lemmings. I am so embarrassed that I ever allowed myself to be associated with these "wannabe politicians". |
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Pillar of the Community
United States
1247 Posts |
quote:
Originally posted by national dealer
quote:
Originally posted by Stujoe
I read something somewhere (isn't that always the case ) of a comment that the ANA grading book is not setting the standard but rather documenting the standard in use in the marketplace.
I am so embarrassed that I ever allowed myself to be associated with these "wannabe politicians".
I disagree ND. Only advanced politicians could call loosening their standards a documentation of the marketplace. I have to flip a coin now to decide what's better, that, or calling cleaned coins "conserved." ************************************************ "War is Peace, Freedom is Slavery, Ignorance is strength." George Orwell--1984 ************************************************* AU-58 is MS-63 The "information age" Edited by longnine009
08/20/2005 6:15 pm
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Pillar of the Community
United States
1247 Posts |
quote:
Originally posted by robocp
What about the investor's that paid top $ for these item's, and now they are overgraded, and decreasing in value.
They may get a hard lesson in Rare Profits From High Coin Investments. This is the unintended consequences of trying to promote the hobby by trying protect everyone. It's a well intended idea by good people. But IMO, it is bound to have the opposite effect. It's better, IMO, that new collectors/investors fall off the bicycle a few times, get some scraps, pain and *critical* thinking--before the roadkill crew comes along to peel them off the road. Pain really is a good teacher. |
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Valued Member
United States
421 Posts |
Careful...The ANA and their Director have recently filed a lawsuit. I'm not sure what 'intentional infliction of emotional distress by outrageous conduct' is but, after my experiences with the US legal system, I am taking no chances. |
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Rest in Peace
 United States
954 Posts |
I think we are allowed to express our personal opinion without the fear of a lawsuit. It comes under freedom of speech. As long as its our personal opinion.
catman
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Valued Member
United States
421 Posts |
quote:
Originally posted by catman
I think we are allowed to express our personal opinion without the fear of a lawsuit. It comes under freedom of speech. As long as its our personal opinion.
No comment. |
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Valued Member
United States
146 Posts |
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Pillar Of The Community
3147 Posts |
This is just ONE more reason I don't belong to the ANA! All it takes in any organization is a minute change in leadership to set off a chain of events that will actually destroy that which they are working so hard to accomplish. This is another fine example. We have WAY to many leaders, owners, supervisors, ect...who feel the only way they can justify their position is to change what they perceive could be wrong or possibly be better. And, in the end, they will never admit to their stupidity but will instead, like all good politicians, have a ridiculas answer and it will always be some one or some thing else's fault they didn't succeed. It is always things out side of their control that dooms their big plans. Never THEMSELVES! Seems they are always fixing things that aren't broke? |
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Pillar of the Community
United States
2724 Posts |
quote:
Originally posted by Stujoe
Careful...The ANA and their Director have recently filed a lawsuit.
Ah the American way. There is a public campaign currently running about the American Justice System, trying to promote jury trials. According to the advertisement, 95% of all jury trials are in the United States. The PRIDE of the world the ad states. In what other system can you blame all of your problems on someone else. Ride your bicycle on the road at night, and then file a lawsuit against the bike manufacturer when you get run over. Hit a light pole while drinking and driving, then file a lawsuit against the electric company. Now, if the ANA execs are reading, here is why I WILL NOT support you. ANA sells endorsement to NGC ANA sells endorsement to PNG ANA partners with ebay ANA wants to sell membership names, addresses, collecting habits Why are you not standing up for grading standards? Why are you not standing up for grading the grading companies? Why are you not making a stand against fraudulant transactions on ebay? Why are you not making a concentrated effort to see why so many members are leaving your organization? In the end, I have wasted enough of my time and effort hoping that the ANA would stand up and lead this hobby. Talk is cheap. Now it appears that the ANA is following the example of the lowest tier grading companies. The community speaks out with "real" concerns and gets hit with lawsuits? Shame on you! |
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Replies: 19 / Views: 3,962 |
Posted 08/04/2005 01:18 am
