New ANACS Fall Special

Less than $10 per coin. Anyone have 15 to send them? I don't at this time.

 

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Did ANACS hire too many graders, so they need to get more work for them...

I can't imagine many other reasons... other than maybe they're behind on rent and really need cash flow badly.

In any event, I hope that everything's okay, as the Paul/Drew variety of ANACS has been pretty good with grading consistency and customer outreach.

 

If they had too many graders, then I wouldn't have to wait very long for my coins to be returned. I am getting anxious for my last submission to come back to me. From what I hear, they are a lot faster than PCGS right now.

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I bet it's a very smart business move guys. With all the talk of pcgs's current backlog they are trying to pull some market share. Can't say I wouldn't do the same if I were them. Personally I like pcgs and will still submit and wait out the hiccup

 

I think they would be very smart to stay in the $10 range for Economy service. It will pull a lot of customers to them who don't want to spend a lot of money on grading or their coins aren't worth sending in to the big 2. It worked on me.

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NGC, ANACS, and ICG are ALL FASTER than PCGS - often by several weeks! There is a long running thread on CU about their slow turnaround times.

BTW, I have heard that ANACS may not be in the best financial condition. True or not, by continuing to reduce their rates they will attract more customers and stay in business as they have a loyal following who think they are the best TPGS.

 

I've taken advantage of a couple of their specials lately. Very pleased with their grading. With only a couple of exceptions things have come back as expected.

 

I have 14 coins in right now on their previous special at $10.00 per coin with free return shipping. I know I don't have another 15 to send in for this one. That is a heck of a deal though... And their economy service is as quick if not faster than PCGS's current REGULAR submission..

I used the last special to test the waters on a couple of my coins to see if they would be worth sending to PCGS or NGC later.

 

I might be able to rustle up 15 if they'd allow tokens. Too bad these specials are always 'US coins only.'

 

Call them. I included my 2016 Daniel Carr Centennial set of Mercury Dime, Standing Liberty and Walking Liberty "tokens" and they told me that they would be fine. You never know until you ask.

 

I just realized that I do have a good deal of @dcarr overstrikes and origionals still in flips. I don't mind them in their omp flips but at this rate it makes me think

 

Haha j. We're thinking the same

 

You know what they say about great minds....

 

It does say US mint coins (up to $500) ONLY. Guess a call is in order to see if DC issues are included

 

Just wondering, Ad says "US mint coins valued up to $ 500.00 only. Since amature grading is subjective, how do you know the value of a coin until it is graded ?

Dave

 

They can and have kind of carved out a niche with these to get a part of the market place the big two aren't interested in capturing at the moment. The downside of course is that everyone just waits for the specials and not a lot of people are paying full grading fees

It's your assigned value. I know PCGS doesn't nit pick if its reasonable and assume ANACS is the same way with no idea about NGC. Obviously if you try and sneak a key date in that starts at 2k you're trying to game the system but anything reasonable is usually fine. Just keep in mind that if something does happen to the coin your max payout will be what you put in the forum if that is less than market value, a rare occurrence but still a bit of risk.

 

Hiccup, huh? At what point does a hiccup become "projectile vomiting all over the floor"?

 

It is not a hard and fast rule! I know of multiple cases at ICG for example where this is not followed.

This "idea" of value was started long ago(1970's) as a way to limit the liability of the authentication services in case of loss or damage. It was also a big No-no when a package was sent in registered for $100,000 yet the paperwork inside valued the coin for much less. Therefore the submitter put two different values on his coins!

When dealers got into the authentication/grading game in the mid-1980's they got the idea to charge for BOTH the speed of service and a % of the coin's value.

Bottom line - don't be greedy and put a reasonable value based on a little research on Ebay. ANACS & ICG will probably alet anything you do slide as they are consumer friendly.

 

Yeah send in a 5k coin and value it at 500. They just won't pay the 5k if lost or damaged. Think of the $50 insurance that comes with priority mail. Well if it's lost and is a 1k item they'll only pay out the 50

 

My problem most often is that I fill out my NGC forms with values based on my guess what they will grade. Too often, my guesses are horribly low, and I end up underinsuring them on the way back.

I had one coin I was on the fence between a 53 and a 55. It came back as a MS62.