I talked to Mr James Taylor today about ANACS and the new things that are going on there...I also told him that I would be posting some of this on here and gave him the address to come see it if need be. As most of you know I like ANACS alot and they are the only grading Co. that I have ever used...I heard by the way of forums that they wouldn't be putting NET grades on coins any more and I wanted to know what the reasons were...Mr Taylor was so nice to call me back and talk for a few minutes and let me know why...(These are not word for word but most are near that) #1 many collectors and dealers asked that they stop adding the net grades #2 it confused many buyers and sellers when there were 1 or more problems...do you sell it at the NET grade price or do you sell it at the Detail price... (I'm adding this...some say that cleaning only hurts the value...never the grade...I agree and disagree with that...) and also buyers when buying the coin what grade do you buy it at.... #3 there are no standards or books to go by when grading problem coins...there is no book that says when a coin has been cleaned...take it down 2 points etc... #4 graders at ANACS can now grade more coins better and faster...3x-4x better and faster That was my main questions but in the last few days I found that I had a few more that I wanted to ask Mr Taylor. I asked how they felt about Acetone cleaning...they call it cleaned...as do I...whereas many say its the only good way to clean a coin and when you use Acetone it doesn't hurt it...I'm adding this--Now I'm sure that all companies have graded coins that have been cleaned in Acetone but ANACS does consider it cleaning and not good.-- I also heard that they might change the size of their holder... He said that they have been asked and they are looking at each suggestion but could not comment on that at this time. I also asked if ANACS would start having Body Bags like some of the other places...he said the only time they will not grade a coin is when it's a Fake...or has active PVC on it... I also asked about the PF/MS 70 grades because I have yet to see an ANACS MS/PF 70 coin...there is always the saying...how much power do you have to use to say a coin is PF/MS70...ANACS uses the Human eye...some companies use a 5X...and of course the more power you use the less MS and PF 70 coins you are going to find. This was all of the questions I had.... If Mr Taylor reads this let me say Thanks for taking the time out of your day to talk to a young numismatic. I hope I haven't added anything or taken out parts of anything you said. To the rest of the forum...As I have said...I like ANACS and I'm going to keep sending my coins their way. In fact I hope to send some out before the end of the year. I think anybody can see why I like ANACS...they are willing to talk with you and can tell you why they do what they do...I feel A OK knowing that my coins will be graded right-- Speedy
Thanks for the good info Speedy! I would send coins to ANACS as well. I like to know that a coin is genuine and an approximate grade, like AU or MS? I don't care for slabs and don't have more than a couple, make that one! I might like a gold coin or a bright silver one in a black holder that shows a nice contrast. If I buy a slab, it will be for my collection and not resale, and I'll probably take the coin out and put it into a holder that I like the looks of. I like the way that ICCS packages the Canadian coins, I can live with that. They also seem to be very conservative, I like that.
I will be sending in some better date coins I hope soon....I try to buy them slabbed but when I can't find them and I get a good deal from a guy I know I jump on it and then send them out to ANACS...I trust their grading and telling me that is a real coin. Also the better date coins will sell better for me if they are slabbed than they would if they stay raw. Speedy
Sounds kinda familiar doesn't it ? But if they were confused with the net grades on the coin - think how confused they're gonna be regarding value without 'em
Yep--I was thinking about that... I was going to ask what kind of grading guide they went by...I wonder if it changes like the ANA guide?.... Now don't get me wrong...I like ANACS and I have seen many coins from each Co. that have been graded wrong IMO...but for some reason I just like ANACS...some people will call me a nut....well...some already do for that fact Speedy
Well then that goes to show why they graded my 1938-D Half F15 when I said VG10 maybe F12....I wasn't doing market grading....this grading thing gets harder every day!...oh well...more for the old mind to learn! Speedy
There are many threads on this forum warning against buying cleaned coins under any circumstances -- basically treating them as having little numismatic value. So the collector might as well know what the coin would have graded if not cleaned. The net grade sounds more confusing to me because it might lead the collector to think the coin actually had the value of the net grade when the actual dollar value is much less.
I hope to get a verbal grade on my morgan from them this weekend at the show.Anyone here from GA and going to the show?? One question about ANACS,do they grade modern coins?ie ASE's??? Thought I had read somewhere that they dont,course I'm prob wrong about that. MARS WINS#578
Yep---they will grade any coin but a few...go their site and look at FAQ...I have some ASE that they graded so they do grade them.... Speedy
Now I'm really confused. There are probably hundreds of messages on this forum warning collectors not to buy cleaned coins because they have limited numismatic value. But if the entire problem can be eliminated by net grading [which seem to be largely just dropping the coin a grade -- AU to XF -- unless the cleaning is visibly harsh], then cleaned coins have a numismatic value far in excess of what many people here would lead one to believe. It seems that cleaned coins should either have little or no numismatic value, or they should have the full value of the net grade. It can't be both. If net grading establishes value, then most of the posts here warning against buying cleaned coins are wrong. ?????????????????
People believe what they want to believe - regardless of what anyone, including the TPGs, tell them. But that is why ANACS always net graded coins - to establish a market value. The problem is - very, very few collectors are willing to pay that value. The majority of people just didn't believe in it. In todays market cleaned coins have become an anthema - nobody wants them. This was not always the case, and with a few collectors it still isn't - but very few. And that's why cleaned coins don't sell. For in point of fact - popularity establishes value more than any grade or slab. And cleaned coins are about as unpopular as you can get. So regardless of what the grade says - they won't pay it because they know they'd have an extremely hard time ever selling it again. You also need to understand cloud - I only try to share with others what I know about coins and the coin market. That doesn't always mean I agree with it. But what is - is. And me not liking it won't change it. So I report what is - not what I'd like it to be.
One other thing - if you were to search this forum and look for it, you'd find where I have repeatedly stated that ALL grading companies will slab cleaned coins. Yes that includes PCGS & NGC. But they will not slab coins that they deem to be harshly cleaned. 8 or 9 out of 10 Morgan dollars that are slabbed ( by anybody )- have been cleaned. The same is true of all 19th century and early 20th century silver coins.
If that is the case, I think they made the correct decision to eliminate net grading, but continue slabbing cleaned coins. There is no point to attempt to establish a market value if most collectors ignore it. I still think there is value in slabbing cleaned coins and identifying them as such because more information is always better than less, and attitudes toward cleaned coins could change in the distant future. The collectors of today should be careful not to let their prejudices damage the hobby for the collectors of the future.
