Getting Some Morgans Graded...ANACS?

I don't want to sell for twenty years, perhaps longer. I've seen the GSA dollars graded by all three services and they each keep them in the old government cases that are now collectibles too.

PCGS keeps it in the original holder also. NGC and ANACS puts stickers on the holders that show the grade and are tamper evident. PCGS puts the whole thing in a holder so I guess if you're afraid of damaging the holder PCGS would be the best.

As for grading, I have heard that ANACS is the authority on Morgans, especially VAMs. For resale, NGC and PCGS are your best bets, but if you plan on holding on to them for 20+ years it's unpredictable which company will be the most respected, or even still exist.

A price comparison of the cheapest membership fees:
ANA(membership includes NGC submission privileges): $28 per year (https://www.money.org/account/join)
NGC: $39 (http://www.collectors-society.com/benefits.aspx)
PCGS: $69 (https://www.pcgs.com/store/memberships.aspx)

Ultimately, it's your decision. It depends on your reason for wanting them graded, what you plan on doing with them after, and how much you're willing to pay.

You should look at joining either NGC or PCGS at a higher level than basic. Your entire fee is pretty much rebated in credits for grading and with you having more than a coin or two, this is perfect for you.


Unless you have varieties, then maybe ANACS.


My honest opinion, if you are going to submit coins on your own, join NGC at the $149/year and get the $150 grading credit and you have done well. I think that will take care of 6 Morgan dollars @ $25/coin submitted. If you are going to submit a ton of coins, at $300 you get 10% off but you only get the same $150 credit I think.

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.

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.

Exactly.

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.