HSN and ANACS??

I'm watching HSN right now and they're selling a whole bunch of "First Day of Issue MS-70 slabs graded by ANACS.

The 2008 $50 Gold Eagle is going for $1799 (but is a first day of issue!!!!) and they're numbered. I missed it, but apparently they had a grader from ANACs as a guest on the show too.

Does this have anything to do with the ANACs being sold and moving?

 

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Wow, I wonder whats up with that, an ANACS grader on HSN? STILL and ANACS grader or an X ANACS grader, did you catch that detail?

Lots of questions will be flying around concerning the future I'm sure !!

 

ANACS Grader JP Martin is on the show and Michael Fahey was mentioned as graders for the HSN 2008 ANACS MS70 Silver Eagle Dollar "FIRST DAY OF ISSUE" with Wooden Case $99.95



Here is the LINK to the coin on the website item # 306-371

As I am writing this, up popped the ANACS 2008 First Day of Issue MS70 $50 Gold Eagle. Item # 306-401



There aparently more "ANACS FIRST DAY OF ISSUE" coins being sold on HSN I am seeing a 1/10 oz Gold right now Item # 306-374

Just watching this show and I am sure that it has to be a pre recorded show.

I just did an internet search and found that both JP Martin and Michael Fahey were with ICG.

I wonder if the show was done with prior notice that ANACS was being sold to James Taylor well before the sale was finalized? Even before the "DONE DEAL SALE OF ANACS? As we know HSN has been exclusively an ICG graded coin seller so I am being lead to believe that HSN was in the know regarding the ANACS sell. After all the labels for the coin holders had to be designed and printed up for the show ahead of time.

I really feel that this marketing scheme is absurd! FIRST DAY OF ISSUE - ANOTHER COLLECTOR SCAM! First day of issue does not make the MS coins any better than any other MS same graded coin!

During the show, I did not hear James Taylor's named mentioned.

ANACS has just dropped a little lower in my opinion. Time will tell where they finally settle in.

 

Actually, I went to the HSN site and they have a feature where you can see what is being sold and can buy if you like.

In the description, they say these "first day of issues" are graded by ICG. Oops.

 

Wasn't there a big ole hoopla over the 1st day thing over at NGC where they had to pay out a bunch-o-cash? The 1st strike deal was a hoax I thought?

Hmmm, anyways, been a long night, I'll see more here tommorow I'm sure, and by the way what the heck you watchin HSN for anyways? LOL, j/k

 

You made me look some more.

Check this LINK

The item shows a 2008 MS70 $50 24K Gold Buffalo - First Day of Issue Item: 306-411 with an ANACS label!



Read in item description... "Graded MS70 by ICG"

 

ANACS has just dropped a little lower in my opinion. Time will tell where they finally settle in.[/quote]

I have a few ANACS slabbers, mostly just variety attributions, but I did pick up a super nice 13-S from RLM's Cents a while ago, thats about it. The 13-S is dead on as far as Im concerned, even a bit conservative.

 

Seventy Smeventy, lol

Goodnight bud.

 

Theris a good thread about this at CU

http://forums.collectors.com/messageview.cfm?catid=26&threadid=628035

 

If your looking for "First Day" coins I have a few hundred that I could hurry up and make up some labels for. I agree Jack, Anacs just joined the ranks of NGC and PCGS with their marketing scam labels.

 

I can not wait to hear what Robert Chambers says about this new "encapsulation" service as he likes to refer to HSN coins. He is my favorite coin show entertainer.

I did watch a little of that show that I recorded. It is the only way I can watch any of those Shows. I did notice that the ANACS holder has the TM logo on their First day of Issue label. Not sure what that means.

 

Maybe I'm just ignorant, as I don't collect modern bullion or commems, but whats the difference between "first day" and any other day of minting, besides the obvious attached sticker? Seems a lot to of extra to pay for nothing more than being "first", if thats the case.
Guy~

 

The "first day of issue" scam was something that NGC started adding to the label just so the coins would draw more collector interest and therefore sell for much more money than they were really worth. Adding an MS70 grade to it just made it all the more absurd. What a total waste of money. The same thing goes with the slabs labeled "first strike". Even the mint employees wouldnt be able to tell you which coins were minted on the first day of production. Coin World interviewed Mint Director Moy about the "first strike" designations and even he said there wouldn't be any possible way of knowing which coins were struck the first day. As far as I'm concerned, HSN and all of the other "shop at home" shows are a joke as far as coins go.

 

TRADEMARK (TM) ICG vs ANACS

How long before the legal fight starts or maybe the people who are thinking that an ICG/ANACS future merger may be forthcoming might be right?

The HSN ANACS "FIRST DAY OF ISSUE" includes (TM) "Trademark" after those words and so does the ICG 2007 issues being sold on HSN.

It's also interesting how extremely similar that the insert label designs of both the ICG and ANACS slabs are. Here are some photos.





Since ANACS hadn't done "First Day of Issue" coins previously then it would appear that ICG has the official Trademark rights.

Maybe ICG sold those rights to James Taylor?

 

why has anacs just dropped a little lower in your opinion. at one time or another all of the tpgs have been peddled by hsn and other similar marketeers.

it seems to me that their is a small pool of graders that tpgs have to choose from. i see them as mercenaries of sorts. the graders have a unique skill that few others posses and typically work for the highest bidder. it seems that many of the notable names/graders associated with tpgs frequently move from one entity to another and often times hold a financial stake in the corp.

hopefully mr feld can provide his opnion on this as he may have had some experience is such processes.

 

This whole deal is a travesty in light of what went on behind the scenes and how the employees were dumped without any advance notice.

Due to SEC rules, large companies must give 30 or more days notice of such things. Maybe we need to have the law changed.

 

you may have misinterpreted the post...i am not insinuating nor did i state that they [graders] are ''bad'' or ''should be held to some higher ethical or moral standard.''

perhaps you should re-read the post.

 

JP Martin has been with ICG for several years but perhaps he accepted a position with ANACS now that they are moving just down the road from ICG.