ANACS vs PCGS/NGC

Coins in old ANACS holders are extremely nice and I would bid on these any day of the week. PCGS is NOT top dog to me. They have gotten complacent and have a GOD-like mentality when you try to get customer service and honestly they think they are impervious to error or competition. Basically, they have gotten a big idea about themselves.


I have coins from PCGS but a whole lot more from NGC; but the trend I see is spiraling downward for PCGS. Just because you make a fancy new scratch resistant holder doesn't make you the best. IMHO NGC is the best. I think lots of people have completely missed NGC has surpassed PCGS a few years back in quality, design, and customer service.


I constantly see big auction houses and longtime coin dealers and collector's choosing NGC over all the other Third Party Graders. Before some of you rise out of your chair and have steam come out of your ears, remember this is just MHO; if you don't agree so be it, but most people now a days could care less what others think. And for that, more power to you. Thank you and enjoy your upcoming weekend.

 

Log in or Sign up to hide this ad.

I do not know if there is a grain of viability to this but I have heard and read this from several corners: NGC does the best job of grading gold coins while PCGS is at the top of its game on silver coins. I don't see why the metal would make a difference.

Anyway, you other folks can have at this one at will. I'd be interested in reading your observations.

 

I bought an MS65 1882 Morgan in a SEGS holder and paid strong money. It was a great coin and crossed over to PCGS the first time. There are some nice coins in crappy holders, and if you are choosy and picky and know how to grade you can get some good deals.

 

I turned down ANACS 1996 MS70 Silver Eagles because I was told that they were not worth the $800 dollar price because they were not graded by the top two. Wrong or right? I asked several buyers and they said they do not by ANACS coins

 

Personally, I don’t think any silver eagle is worth $800, regardless of the slab. Having said that, I expect others to check in here with contrarian views.

 

PCGS/NGC dominate the modern market and the ASE market. That price wasn’t terrible as that was a discount to the PCGS/NGC price but you would have had trouble selling that as a lot of modern collectors ignore other companies for expensive moderns

 

By the way, welcome to CT!

 

I really don't think there is any difference between NGC and PCGS/ Old ANACS holder IMHO are fine. Be careful with others.

 

I know this is an old thread, but the subject has come up for of late. Anyway, would you clarify, if you're still interested (after five years for your post!): How were these returns "not bad" for you? In what context? Were they accurate? More favorable for you beyond being less expense to grade and encapsulate?
Thanks

 

I realize that this was posted back in 2018, but what about now that we have the 2019 S Enhanced Reverse Proof Silver Eagle? Many are selling for much more than $800 today.

 

The reason I have reopened this thread is to comment on recent experience with ANACS (and NGC and PCGS) and my takeaways. Here goes: Just a couple of weeks ago I bought a beautiful slabbed Morgan (keep in mind the seller offered free, 30-day returns) graded by ANACS in one of its old white slabs at MS64 DMPL. Now, my experience tells me that, for what I collect, the only way I will realize value is by considering coins that are only housed in the old ANACS holders. In that I am particularly fond of proof-like Morgans, it is further imperative that I also go in knowing that what ANACS considers, for instance, Deep Mirror Proof-Like will, in most cases, come back from PCGS as just PL or, most devastatingly, not prooflike at all. In my view, at this point PCGS has become a tough grader numerically speaking, (though NGC is quite on par for the most part). HOWEVER, when it comes to awarding the coveted prooflike designations? PCGS is now, shall I say, beyond strict! Anyway, this poor chap, back in the day, seemed to have paid quite a premium for his ANACS graded and DMPL-assigned Morgan. Now that he wanted to sell he was being met on eBay with a resounding and ear-splitting... silence, aka a decided lack of activity on his "Buy it Now" price. I was/am in the market for that date, condition and DMPL designation AND it looked to be a beautiful coin, in particular due to some stunning toning (in my eyes anyway as toning is not everyone's cup of tea). As many of you would likely agree, it is notoriously difficult to determine the proof like legitimacy of a coin by viewing even high res, quality images. So, I took a chance and negotiated with him WAY down from his asking but still at a price point that, if not being deemed DMPL by PCGS when I would inevitably try to cross it over, would mean I was losing around five hundred dollars as a result of buying (if not for option to return it). I don't like wasting people's time and causing inconvenience, (I'm not one for constant coin browsing via the exploitation of a generous return process), but when I got it I was once again reminded that trusting ANACS (old or new holders) for their calls on proof-like assignation is probably a big time losing proposition if only shopping sight unseen, meaning unseen while being in my own hand. Unfortunately it was by no means, IMO, DMPL and perhaps, by PCGS current standards, not even PL (though I would have had enough confidence for that, had it been the case, to keep the coin and take a chance). Anyway, to his disappointment and my regrets, I sent it back for a refund.

Attached are images of the coin and, as always, would love to hear thoughts on the above myriad of observations/opinions.



Thanks

 

It would seem what ANYTHING is worth is not up to the individual to decide (unless one is buying for him or her self), the value of something is exactly what people will pay for it.

 

I find Anacs grading accurate.

 

I couldn't care less how ANACS grading compares to NGC...or how NGC compares to PCGS, or how ANY TPG compares to any other TPG.

Just tell me how ANACS compares to ANACS...NGC compares to NGC...PCGS compares to PCGS.

Internal consistency matters much more than external. I can then learn to tell what a coin should be graded by any company.

 

Is it not likely that anacs was in line with pcgs/ngc back when this morgan was graded? My understanding is that many pcgs holders that were graded dmpl would not cross at today's pcgs.

 

YES, I have noticed that DMPL rattler Morgans seem, frequently, not even close...

 

It’s not worth $800 to me. Obviously, others have differing viewpoints.

 

I did the same with an 1893-CC Morgan. It was an ANACS VF20. I broke it open and sent it to NGC and came back a VF25 which added considerably to the value.

 

Here is the best answer and honest answer you will ever get. ANACS is the oldest coin grading while NGC & PCGS are the next two and most prominent nowadays. That is not to say they are best or not because although they grade objectively, they value incorrectly as they use sales figures from Ebay and other discount site. While this may give a widespread value, many whom frequent these sites and possibly purchase are NOT doing so at high prices or retail meaning, buyers are acquiring coins well below actual values. Then, NGC & PCGS compile ALL this sales data and conclude an "average" value thru ALL. The importance of this is that "population" of grades are not used so, a coin with ONLY 456 in Grade 70 can be valued at $25 instead of nearly 8 times that much since 456 from a mintage of 3.75 million is very low and considered "Top Pop". So, if you want the accurate grade, any of the three are fine but, if you are seeking accurate value, none are true. Hope this helps.

 

Let's get together Friday at our usual place, and I'll look at them. I've been doing Buffs for multi decades now. I feel like I know that series better than most.