Quote:What grape said. However I do find it odd that they don't take ANACS coins, I mean say hypothetically 1 in 15 PCGS graded coins sticker, and 1 in 25 NGC graded coins sticker, then why should it matter if only 1 in 100 ANACS coins sticker? They're a highly recognized
TPG and are used often enough that I think they should be considered.
Here's my opinion.
I work at a coin shop in MD, we currently have 6,235 ANACS slabs. That's quite a few. We have 3,797 PCGS slabs, and 1,398 slabs. The figures don't include the stuff we have sitting around to be listed. Given that we easily have over 10000 slabs I can give an opinion as I've seen most of these coins in hand.
ANACS comprises a majority of our coins due to the low cost of encapsulation, this comes with the obvious benefit of saving money but with a bevy of problems.
Out of the big 3 I easily find the most inaccurate grades with ANACS, this is different from a coin being stickered. A coin can be MS-65 and not receive a cac sticker as it isn't on the high end for the grade. The problem is with ANACS I'll often find MS-63 coins in 65 holders, or MS64 coins in MS67 holders.
It basically comes down to the fact that NGC and PCGS are typically much more accurate, the latter more so than the former, compared to ANACS. As such CAC doesn't want to waste their time with MS63 coins in ANACS 65 holders. That and CAC is partially a marketing and value thing. ANACS holders don't trade at a premium like PCGS and NGC holders do, they actually often trade at a deficit.
Posted 10/23/2020 3:58 pm
