Bought this back in December off the Bay for just under $55. I then sent it in with about 40+ other coins to ANACS during their "Dollars and Cents" special, so the grading of this coin cost me $10 extra. I was a bit surprised and happy to get this back the way it came
I really liked the toning on that coin. Not sure what the MS68 would equate to in PCGS, but least the coin is preserved and the toning shouldn't evolve much further.
So do I, but the coin is what matters, not the holder. Anyways,why do people pick on ANACS? just because they aren't as good as PCGS doesn't mean that they can't grade coins right. Not in any way intended to offend.
Wow! That's some toner, rootbeer toning. Very cool. I wonder if ANACS has a sniffer machine like PCGS? I'm not saying your coin is AT at all. Actually I have a rootbeer toner myself, that's what I call them anyways. :thumb: Great looking coin and the slab looks fine to me!
I could never figure out why the snooty snoot crowd picks on ANACS. If you don't like it don't buy it that's all.
I don't know if I would be considered to be in the "snooty snoot crowd", but I would advise collectors against sending coins to ANACS. Why? Because they have less respect within the general market than NGC or PCGS. Also, coins in their holders are often less liquid than coins in NGC or PCGS holders. Additionally, coins in their holders typically sell for less than similarly graded coins in NGC or PCGS holders. Lastly, it isn't uncommon to be asked why a coin is in an ANACS holder instead of being in an NGC or PCGS holder, especially when they are the newer ANACS holders. This is just my experience in the market. If folks like ANACS holders and want to use them then that is great, but the flip side is that most collectors will end up selling most coins in their collection at some point and coins in ANACS holders may not perform the way they would if they had been in NGC or PCGS holders instead. As for the OP's coin, it looks nice.
I started collecting coins (Thank You Gramps R.I.P.) about 5 years ago. I am from Southern California, so I, by recommendation of my Gramps, only used PCGS. I love PCGS and am currently a CU member and still send in coins for grading and ALWAYS will. I'm a West Coaster, I have no problem purchasing NGC coins, but I never send a coin from Cali to Florida, just didn't and doesn't seem right (I grew up during the East Coast vs. West Coast hip-hop War). I have also purchased a lot (less than 20 or so) of the old ANACS white holder slabbed coins as well in my 5 years of collecting. About a year or two ago I really got into The VAM Morgan Game; cherrypicking and sending in coins to PCGS for grading and attribution of Top-100 or Hot-50 and what have you. It was pretty costly to cherrypick a Morgan off the Bay for $50 to $75 and then pay the $18 grading cost and the $24 attribution cost on top of everything else (not that this is too much $$$ for their service; just too rich for a coin that is worth less than $150 at current after market spot). So anyways, I also noticed that on the secondary market, Top-100 VAM keys were selling at about the same price-range regardless of if it is attributed by PCGS or NGC or ANACS. I then realized that PCGS, which IMO is the Best TPG out there for PQ coins, fell short on their ability to Micro-VAM and attribute anything outside of the Top-190 VAM keys and some 8tf and 7/8tf 1878's (Morgan) and the Top-50 Peace Dollars. I also learned that ANACS had a crew of graders that could attribute almost any VAM, and since in reality, every Morgan is indeed a VAM key.... I gave ANACS a try and they have not let me down yet with over 60+ coins graded and attributed so far (not one coin over $1,000 in value). Not to shock anyone here but I attended the PCGS grading course at the last LB Expo and we took a grading test on 50 different coins of all types and grades that Mike Sherman pulled off of coinfacts.com (we in the room took the test from a projector screen of images; maybe and I am pretty sure the Pro's did as well)... I didn't fare well (and if someone calls me out here, I just may show you a picture of my test and score.... PLEASE Don't ). I was surely surprised to learn from David Hall himself that out of the same 100 point test, HE scored 53 or so and Ron Guth only scored like 59 or higher or something (far better than me or anyone in the room, but I'm a newbie). So guess what guys/gals, I hate to break it to you but the guys/gals over there at #1 PCGS are human-beings just like you and I. I was shocked; not disappointed, but shocked none the less that the bell curve ended at a 12-point D- at best (a sample of only 30 or so people, normal classroom size, I assume). I also don't plan on selling my collection for many years (God Willing). With all things said, I do respect ANACS so far from first hand experience just as I respect PCGS from even more first hand experience and proven market-driven power! Now, I at this point in time, would never send any Gold or PQ 5-figure coin to ANACS, or any coin that I was planning on flipping quickly, but for Morgan & Peace Dollar VAM'ers and common date coins and/or moderns; I completely trust ANACS and like there holders much better than any of the others as they stack up nice into rubber-banded 5-coin chunks for the SDB. I respect everyone's opinion, but I truly see no problem with slabbing a raw coin that you think should be slabbed and protected through ANACS. If you know your VAMs then it only costs $5 more to have it attributed, $10 extra for them to figure it out. Also, in 30+ years, when my collection either liquidates or changes hands, you can cross a coin through any top-3 TPG for under $50... Good Luck to all in whatever you do, just do it well P.S. also, I fully understand that ANACS does not have a set-registry for competition reasons, so if your into that sort of thing, gotta go with the Top-2! Also, I figure that since PCGS 'counterfeit slabs' are so abundant and readily available, maybe all the bad publicity ANACS gets on the Web will indeed shy overseas crooks from even attempting to mess around with #3!!! and considering that just about every piece of plastic we have in our households comes from overseas.... Well, you get my point. P.S.S. in the end, if, as stated by many prominent CoinTalk members to "Buy the coin and not the slab," truly does hold merit.... Then if you have a raw coin (purchased or inherited) that you see as a "Slab-Worthy" coin, what difference does it really make what Top-3 TPG you send it into for grading-slabbing-preservation??? They all have guarantee's and hardly ever; if not, NEVER slab non-genuine coins. P.S.S.S. Mr. David Hall also said that is was the ultimate objective for PCGS to slab every PQ coin on the market... So who knows, maybe one day many years from now they will not even charge to cross a true-PQ coin from another TPG into their precious plastic...
Everything you say is true and I agree with. But I do like ANACs holders because once in a while you can score a cheap beauty.
"P.S.S. in the end, if, as stated by many prominent CoinTalk members to "Buy the coin and not the slab," truly does hold merit.... Then if you have a raw coin (purchased or inherited) that you see as a "Slab-Worthy" coin, what difference does it really make what Top-3 TPG you send it into for grading-slabbing-preservation??? They all have guarantee's and hardly ever; if not, NEVER slab non-genuine coins." You make some very nice points and write them out well (after editing to add more and put in paragraphs).:devil: However, I have taken a quote from your post and want to point out what many folks forget when they repeat the mantra. That is, of course it is of paramount importance to buy the coin and not the holder; but one should not ignore that what surrounds the coin (the slab with grade) will dictate to a certain percentage how the market perceives the coin. This market perception is simply a reflection of the reality where we play and may help to determine value and liquidity. You also have no plans on selling your coins for at least 30-years and I have two comments to make about that. The first is that I strongly believe that collectors should sell portions of their collections from time-to-time in order to learn how easy certain pieces move within the market, to learn how to present a coin for sale and to see just what type of return they may realize in the event of sale. This may be thought of as a dress rehearsal. Additionally, there are times when some of us are hit with emergency expenses, which are called "emergency" expenses because they are unplanned and/or they drain our other resources. In an emergency expense scenario there may not be time to carefully cross any coin that you may want to get into a PCGS holder in order to maximize the sales price just as their may not be time to market coins at a fair price in a holder that has somewhat less market liquidity. In this case you may realize less, perhaps substantially less, upon sale simply due to the flavor of the holder. Lastly, if you pass on and these coins go to someone who does not have your experience then they may not be armed as well upon sale. Truly, I can imagine many folks thinking I am all doom-and-gloom, but I prefer to think that one might be able to prepare to a certain degree for possible scenarios. ANACS holders might be the perfect solution for you, but for others they may see the possible lower initial investment for certification without thinking about how this may impact future value, liquidity or protection. On average, I have seen more collectors use ANACS because of lower certification costs than for other reasons, which has dictated how I answer the average or typical scenario.
That is true, but a collector (generally speaking) will probably appreciate the coin within, and he can always reholder/ crossover.
