Your Opinion on ANACS

Anyone have problem with ANACs
I sent a coin in to have regraded with instructions not to grade lower than was sent.
I sent NTC graded Franklin Half 1948-D , MS-66-FBL and ANACS sent back in there new
Holder as MS-65-FBL; they admit the error and offered me a free coin grading, A as in 1, coin grading.
Differance in coin cat. value is about $900.
Am I getting the shaft or am I just being overlly critical
Would welcome your opinion.
Thanks
aardgarb

 

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Erm. Firstly if it's a NTC graded slab, well duh - MOST of the time, you would expect major slabbing companies to grade them lower!

WHY? Because the other slabbing companies would try to grade them at higher grading points to deceive collectors.

 

Well number one the question is---what list states the $900 price jump??....the grading company is going to use either the Gray Sheet or ended online auctions
I would suggest calling them again and asking for the PR man....and telling him your problem and asking what he will do to fix it.

Speedy

 

here is my opinion of anacs:
http://www.cointalk.org/showthread.php?t=18401&page=3

s far so good, i would call them over their mistake.
I would also agree that even though NTC graded the coin a 66FBL, you would be hard pressed to find anyone that would actually pay 66 money for it.
If it was in a PCGS or NGC holder as a 66 and they made the same mistake, that's a different story.

 

Removed.

 

I haven't read anything about "accidents" in any of the grading companies policy's, this seems like an unusual case. Call them and complain, ANACS is working hard to improve its public image. If they don't listen to you send a letter to coin world voicing what happened. nothing like bad publicity to get traction.

 

This same thing happened to one of my relatives, except it was in an PCI slab. We both felt the grade was right. He sent it to one of the leading TPG's, they removed it from the holder, despite the minimum cross grade being listed, and he got a refund in the fair market difference.

 

I would think an ANACS 1948 D MS 65 fbl would bring more money than a NTC 66 fbl any day.
At least I would pay more.
However I see your point if you requsted not to grade lower than it was graded.

 

This is the first time Ive ever heard of anyone having a problem with ANACS, from the people around here I hear that ANACS is probably one of the easier companies to work with as far as that goes. Im slightly confused as to how you can give them instructions to not grade a coin lower than something, doesnt that defeat the purpose of asking their opinion on the grade?

 

Cool, I didnt know that.

 

I might add that whatever option you request you still have to pay the grading fees !!!

 

I never understood why someone would put a minimum grade on a raw coin, and ge the coin back not in a slab. your still paying for it.
My only guess is its for people who keep sending a coin in until it hits the grade they want (if the spread is huge between grades)

give them a call tomorrow, and don;t take n for an answer. let us know what happens!

 

:thumb:

aardgarb,
Here are the most similar auction results I could find:

1948 D ANACS MS65 FBL - $77
http://cgi.ebay.com/1948-D-Franklin...ryZ11973QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

1948 D NTC MS66 FBL- $36
http://cgi.ebay.com/1948-D-NTC-MS-6...ryZ11973QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

As you can see, a 1948 D ANACS 65 FBL will realize more than an NTC 66 FBL any day of the week. Did you get the shaft? I'd say no.

 

so where did the $900 price difference come from if the going rate is $77?

 

That's where I got my pricing... PCGS Franklin Half, 1948-D as MS-65-FBL, is at $165
Franklin Half, 1948-D as MS-66-FBL, is at $1100
I know that catalogue prices are generally not what you would expect to sell your coins for, but the
pricing should reflect the values relative to grade.
Are the PCGS prices off base?
Thanks
G.N. Ward

 

Yes and no. A properly graded 1948 D MS-66 FBL will realize around $1000, but properly graded 1948 D MS-65 FBL's sell in the $80-$90 range. The PCGS guide is so unreliable your best bet for determining value in the future is to use the Heritage archives.

 

Just what I thought---PCGS price guide is a hyped up guide---I wouldn't go by it at all...if that is what you were going by I would take the free grading that ANACS offered and RUN!

Speedy