ANACS special- worth it?

OK so, I have a bunch of coins I was planning to get graded by NGC, but I noticed that ANACS is offering a special to get 10 coins slabbed for $10 apiece, which would come out to about a third of what NGC costs.

I am well aware that modern ANACS slabs do not tend to carry near the market value of NGC/PCGS slabs, but is it worth taking that deal and maybe just crossing over any that do particularly well? What do you all think?

 

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Save the money and run. ANAC's ain't half bad.......

 

I'm not a high end dealer or player. I only use ANACS. Mostly to test my nonprofessional grading skills. I like the specials, service and turnaround time.

 

Boo, GSA $ get an even more special rate than cents. I guess because they may get them correct. Still not fair. IMO, Jim

 

Anacs is just as good as PCGS or NGC although if you go to sell them they won't fetch the same money. Too many people buy the slab and not the coin.

 

It very largely depends on what you are planning to do with the coins.

If they are for your own personal collection, ask yourself if they really need to be slabbed or if you'd rather enjoy them raw?

If you are submitting them to see what they really grade and evaluate your skills, maybe learn more about grading, but plan to keep the coins.... this might be a cost effective way to gauge your grading against a TPG and see where you're at. This is an uncommon place to be, or reason to submit... but maybe this is you.

If you're trying to sell these coins for maximum profit, absolutely avoid anything besides NGC or PCGS. Any other slab will be discounted (rightly or wrongly, that's a discussion for another thread).

I highlight this in particular because of your terminology: Both NGC and PCGS view ANACS coins as "Raw." They do not consider them for "crossover." You can elect to have them crack the coins out of the slabs and grade them, but they have absolutely no crossover policy for ANACS.

 

Thanks for reminding me about this, I had forgotten this policy. I do intend to sell them eventually.

 

Just a small correction. NGC changed their policy a few years back where they now only allow PCGS for crossover (others are treated as raw). PCGS however still accepts all TPGs for crossover (including Anacs).

https://www.pcgs.com/crossover

 

Pretty much just echoing what was said above...

If you're doing it to test your grading skills, and/or just finding a convenient way to protect and store the coins, go for it. ANACS is just as good at grading as any of the other so-called "top-tier" TPGs (perhaps an unpopular opinion, but I stand by it). Whether or not it should be the case, I can't deny that NGC and PCGS coins will have a higher resale value typically, but if you're not intending on selling them anytime soon, no reason that should be a concern. And $10 each is an amazing deal, if you have a bunch of silver dollars and cents you think are worth having graded. The threshold of "is this worth grading" is lower at that price.

"Is it worth it to you" is a question only you can answer; you have to decide whether the service you're getting is worth paying for. For what you're using it for, I'd say go for it.

If however, your long-term goal is to get these graded by NGC for sake of resale, it would honestly not be worth paying two different graders per coin.

Up to you ultimately. But $10 per coin is a heck of a deal; you'll not get any grading service worth being called such cheaper than that ever.

 

The only problem with ANACS is that they are the toughest graders.

So, buy ANACS, more for your $'s.

 

the service is well worth the money, I sent 15 coins for grading at the end of November, price $159, my shipping with insurance was around $21 and I over insured the package so around $180 total.

 

I would like to add that return shipping w/ins. is included with the special price

 

For lower value coins, I think ANACS is fine. You probably won't recapture NGC's grading fees when you sell. Now an $800 dollar coin, or a coin where there is big price jumps between grades, needs to be in the "right" plastic if you're looking to sell.

 

Depends what kind of coins they are. You had mentioned moderns in which case any money you save on the lower fee you would almost certainly lose more than in market value. If they were like common date common grade morgans though yea there wouldn't be much difference

PCGS actually will let you do a crossover from any company even basement slabs if you want, obviously it would make no sense for many of them but if you want to pay the cross over fee you can try and cross any of them. The exception is generally any crossover special will be limited to NGC/ANACS/ICG

 

Oh, gotcha. Thanks for the correction. I haven't submitted to PCGS, but I thought they were handled the same.

 

Looks like I must have fallen off their mailing list.

I've submitted to ANACS for the reasons discussed above -- checking against my own grading skills, authenticating gold, saving money over The Big Two. But their specials often aren't all that special once you factor in shipping and other fees; the last time I took advantage of their "grade two for free" promotion, even submitting them at a local show instead of mailing them, I ended up spending close to $30 for my two "free" coins.

I did just jump on Insider's $10 ICG offer, using it to slab a number of gold coins. ANACS' specials usually have a $500 value limit per coin, and often specifically exclude gold. The ICG offer was the first $10 offer I've seen that would let me submit eagles and double eagles. Most of the coins in this batch will probably earn only a little premium over melt, so this is all about (a) authentication and (b) checking my work on grade estimation -- I don't think any of them would ever pay back the cost of PCGS or NGC submission. (In the unlikely event that the 1911 quarter-eagle turns out to be a weak D, I win, though!)

 

Upload some photos when you get your coins back - it will be fun to see how everything turns out for you.

 

I always use ANACS, except on one occasion they pissed me off because they wouldn't grade my 5oz Apollo I submitted, only because they wouldn't break down to buy the over sized holders! And then they had the nerve to send it back to me in an unprotected plastic bag, which I'm pretty sure got it scuffed up to where the grade it got later from NGC was much lower than it would have been originally. Oh well, live and learn.

 

It all depends on what you have and plan to do with them.

 

Just got this in the mail today....

https://www.anacs.com/index.aspx