Does The ANA Take Any Disciplinary Action For Overgrading?

Thats not SGS. Its just some stpid ebay seller who doesn't know how to grade coins. We all know thats not VG .

I think you have been very kind, Jim.

My copy of Making the Grade: A Grading Guide to the Top 25 Most Widely Collectected US Coins by Coin World/Coin Values shows an AG-3 (obv)/FR-2 (rev) Barber half on page 149. I would take BOTH sides of the coin in the book over the coin in the auction. But that's me.

Every one of these guys' auctions states, "We have been in business since 1992 are ANA Life members." The implication is clear: you can trust us, trust our grading, we are members of a prestigious organization. How bad does one have to be before the ANA says, stop using our name to give credence to your lousy business practices?

I hope you didn't buy that coin-- Personally, I think it is a good idea to have an ANA Photo Grade book on hand especially for people who are new to coin collecting. There are unscrupulous people on the auctions- We have to police it ourselves- and as this coin community forum states- education is the key to success- and that goes double for coin collecting. Yet, I can recall when many many collectors didn't think in terms of Uncirculated coins, they didn't think it was old unless it was worn. Well, we have come a long long way since then- I still have problems with so many experts out there who are in the third party grading companies.--This new idea of 3rd party grading IMHO is strictly a money making scheme- I have seen coins in slabs over graded- Id have seen hundreds and hundreds of slabs at shows that I wouldn't have.- simply becuase they were overpriced and overgraded-(By my own grading standards--which determines how I part with my money. No, there isn't anyone who is going to stop these evil minded people who deliberately overgrade- nor are we going to stop the wretched person who will bid on your coins, then not answer- or one that is using a bogus email address- You send an invoice and it bounces. But I am not going to let some jerk ruin my hobby.-There will always be jerks, crooks, and thieves- and hope that we can avoid them 99.9 percent of the time. Dewey

"Coin is VG, Nice problem free, good details, great for any circ set." Hahahhaha what a joke... lol

The reason the ANA or anyone else will not bother to censure someone like this is that they simply don't have the time, and probably not the inclination. Sellers like this are small fish in a very big pond. I think many, many complaints would have to be registered against a member, and the member would have to be more prominent.

About 15 yrs. ago, when I lived, ate, and breathed coins, (now I live life, eat food, breathe air, and dabble in coins. sorry!) there were 3 or 4 rather prominent coin dealers, (I won't mention any names, check NN or Coin World from back then) who actually did jail time for a scam of overgrading slider Morgan's up to BU status in some sort of investment program. I'm not sure why, but the government took notice, probably after many complaints, because it was done on such a large scale, and the dealers were nationally known. Bigger money was involved. They wanted to make an example of them, I'm sure. And, I can't remember what charges were brought, maybe mail fraud. I think all, or most, pled guilty. Anyway, some did jail time, all went back to dealing coins, and are pretty well respected today. Whether the ANA or PNG levied any punishment, I don't remember.

Does anyone else from the "over the hill gang" remember this case?

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Originally posted by texasmick


The implication is clear: you can trust us, trust our grading, we are members of a prestigious organization.

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Excuse me but I thought we were talking about the ANA? Either that or you used the wrong words. Just checking.

All the ANA will do is wink and turn away, same as always. As long as those in power keep the reigns, there will be no change. You may as well be as contacting the ANA on anything.