Ebay Throws ANACS Under the Bus

There are exceptions like this. And if you excluded the common dates in the various series, and focussed on the rare dates my assertion would stand.

As I said, the "experts" would be good arbiters on this; people who have been dealers and leaders in the business for the last 50 years. I venture to say not many of them get excited and have heart palpitations over many of the modern products.

 

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The omission of ANACS was likely ignorance on the part of whomever wrote the policy. I imagine there will be a change before long. Certainly, ANACS is the only company that works with CONECA by recognizing and certifying newer errors and varieties. They seem to have a much wider knowledge base than any other grading company, and are certainly more progressive.

Of course there are those who are only aware of the errors of the 42/1 Mercury dime and the 3 legged Buffalo nickle. LOL Perhaps eBay is one of those ?

 

I am a big fan of ANACS - I have coins from them which are graded with pin point precision compared with the slobs I get from PCGS and NGC. Shame on them for leaving ANACS out. That said I never use their auction services.

 

I doubt a subjective process formed strictly on opinion, is pinpoint precise.

 

That would be true if all of the coins were sent in for grading, but the manufactured coins are not randomly sent in for grading. They are pre-selected for only the finer end coins so you would not expect a bell curve result.

Not likely considering their industry consultant for the rule was Albanese, co-founder of PCGS, founder of NGC, and founder of CAC a company that only stickers PCGS and NGC slabs.

 

It's an analogy, guy. You know, a literary thing. We're saying exactly the same thing now. Clearly there's subjectivity, but it's within certain criteria - which may change, just as the size of home plate and the prescribed top & bottom of the strike zone has changed. I think a baseball umpire is the perfect analogy. Show the same close pitch to different umps and you'll get different calls. But show them stuff down the middle or a foot outside, and they'll be the same 99% of the time. What's that got to do with different kinds of fruit, anyway?

 

With all the analogies and all, I read a study not long ag about breakouts being re-submitted to another of the big 3 for regrading. That study although limited as it must have been found very little difference. However it was stated that PCGS seemed to return slightly higher grades than the others. I have also read in this forum statements that if you are buying get ANACS and selling, use PCGS. That said, maybe the experts here are trying to tell something ?

But as I have learned , PCGS employs aggressive marketing techniques such as volume discounts, etc. And since it was pointed out that this eBay notification was done by people with connections to PCGS, I am thinking differently than I did before.

I hate being manipulated, and that is what it seems eBay may be trying to do. Certaily with revisions in listing policies, they no longer want the business of individuals who recycle items, but seek corporate level marketers. Maybe it's time to take a longer look at other on-line auction houses ?

 

I believe ANACS and ICG are not left out nor is assigning numerical grades in the description. This is what the current rules state.

 

Probably because they felt the warm breath of the FTC breathing down their neck. Give us a specific example if you would.

 

So you're saying the FTC, the Federal Trade Commission, breathes down the neck of a TPG and influences what grade is placed on the label?

 

I had a feeling that's what it was, but the way he worded it made it sound like what I stated.

 

Not on a specific coin, but rather in the overall way they conduct business. Which is exactly what the FTC recently forced PCGS to do regarding the use of the term "investment" in their marketing materials. PCGS changed their policy "without admiting anything" because the FTC had them cornered.

 

At least certified coins "as an investment" did not lose nearly 50% of their value, as GMCR did this week. In comparison some coins have done quite well.

But in order to be "investments"; they generally need to be: good or high end for grade, in line with current market pricing on the dealer to dealer basis or based on auction records, and have a likely potential to maintain or increase price in the future.

There are so many "ifs" though, I am not surprised that those touting coins as investments have run into trouble.

 

This is the first post I have ever seen where Redwin didnt tote around his 11 cent around like a rabid dog with a new squirrel.

Are you ok Red? I dont need to call an ambulance for you do I? Red, walk into the light... Red don't leave us nooooooooooooooooooooo.

 

To those of us who consider anything struck after 1600 as a modern coin, 1990 was just a heartbeat ago.

 

So it's 6 days before the deadline, and I just visted ANACS' webpage. You can perform certificate look ups now. Not as nice a setup as say, PCGS, but it worked for me.

 

ANACS and ICG have both been added to the list on eBay's new policy.