Noo!!! Wasted time? Anacs grading....

ANACS is running a special right now... $11.90 to grade a coin, 10 coin minimum, 30 maximum. I just spent a few hours picking out 26 gold $2 1/2 coins to send in. Time spent picking, sorting, recording, filling out submission forms, etc. Then I noticed it said it was for economy class. Then I noticed under economy it said no gold.... NOOOOO. Do I have any chance they will let me do this? I tried calling, but they were closed for the night. I really hope they can accept them for this offer, but I somehow doubt they will. What do you think?

 

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Rules is rules. Complaining here ain't gonna change 'em.

 

If they are worth sending in, they are worth full price

 

I am sitting on a whole lot of gold that I need to start liquidating. I've sent what I feel are the best to NGC, but would like to have at least some grader eyes look at these. I do not know if I have any really nice ones here, which is why I was really hoping I could to the $11.90 offer. We shall see.

 

There was a place on the submission form to select "special offer" under submission type. I decided to check that box, and hope for the best. If I have to pay more, oh well. Here are the lucky coins this time around... A few were already NGC graded, so it will be interesting to compare with ANACS results.

 

Call ANACS, nice folks there.

Talk to them

 

That is a nice group of coins. I am hoping to pick up 8-10 Indians at a show this weekend.

 

I agree with the earlier poster that if they are great gold coins...then go ahead and pay the full price; but at NGC or PCGS. I prefer NGC. JMHO.

 

Other than to confirm authenticity, sending them to ANACS for grades is wasting money, in my opinion as the market doesn't recognize their grades at the higher levels. If they are all VF-AU and the reason for sending them isn't to get a high number but to check for fakes, ANACS is excellent. I happen to think their grading is fine too (Except for net graded coins--they go overboard on labeling even the most miniscule problem,. At least they did. I haven't sent anything to them in a while.)

And they are many, many fakes in that series. I got caught with one at a local estate auction earlier this year. The piece was actually better quality than the US mint pieces. I was once told that if I am not making any mistakes, I'm not buying enough coins. Heh.

 

I have been setting aside some of the better condition coins, and have way to many. I would like to start selling some, but just want to make sure none could get a really good MS grade. In a way, they are just helping me know which ones I might want to send to ngc, without having to send ALL of them to ngc. I have no doubt some of these are cleaned, etc, but I am HOPING for no fakes. A few I am trying to get labeled as error coins, that ngc did not say were errors. If they will let me grade these for the promo price, it will be an average of $13 per coin, which is not bad for a second opinion, etc.

 

Sorry, but companies mean what they say. I bet you will not get the promo rate. Listen to people. ANACS may cost less, but will cost you more in the long run. Doing things "on the cheap" almost never pays.

 

Should you really be submitting coins if you don't know what they accept at the given price tier, or if they even certify whatever error label you're looking for?

 

There's no way the NGC details graded ones warrant being sent in a again. If there's evidence of a mount removed, it'll just be reslabbed with the same designation. Same for cleaning and damage. Sending to a different place doesn't make the problems go away.

 

Actually, I am hoping the damaged coin is a weak D, which is worth grading even damaged. I have had a few 1911-D that have required a few submissions before they grade weak D. And the reverse damage one I still think is a planchet flaw, and so did many people on this forum when I posted the coin. I want another company to check it out just to be sure. Also, I have had cleaned coins come back un-cleaned, and straight grade coins come back cleaned, so sometimes those are worth re-submitting. Thanks for your help though.

 

They DO certify the error I am hoping for... NGC did not.

 

When I tried to sell ANACS graded coins at the FUN show,, I was told that they don't accept slabs from 3rd grade companies.
No one would pay fair price/same price as PCGS or NGC.

 

I know one guy who swears by ICG for everything because he says only authenticity matters, not grade. Of course, he IS a con artist.

 

I've had a fair luck at selling anacs graded on ebay before, so I am not too concerned. Honestly, for the amount of coins I am grading, it makes more sense to pay a little less, then I can cherry pick the nicer ones and re-grade at ngc if I want to.

 

Interesting strategy. Can't say I ever ran across that one before. It's kinda like CACing in reverse.

 

This is an example of how little the grading companies grades really mean. They grade everything differently when resubmitted and, as I said above, only NGC and PCGS have any recognition in the marketplace.