I stumbled across a small auction and took a chance and bid on, and won, the following coin. It was listed as an ANACS graded MS65/65, but just the one photo of the coin, so I hadn't a clue what I got until it arrived. Is this just one of their old (dated 1985) grading packages? I've not seen any like it and researching ANACS, which doesn't have a search capability, was no help. So, would some of you well versed members give me the low-down on this?
https://docs.google.com/presentatio...rVhLf8/mobilepresent?slide=id.g5fce4e53af_0_0 ANACS didn't start off with slabing coins there early history is interesting.
Those are pretty popular among collectors. They are the original ANACS photo grading certificates. You mostly find Morgan Dollars, Mercury Dimes and other common type coins with them. But you found a nice Commemorative. Are you planning to add it to your collection? If not, you won't have much trouble getting it off your hands.
ANACS started the 3rd party grading and Genuine verification and this was how it was done. Yes, each side of the coin received a grade. Keep it all together as is as it could be worth a premium to those who collect slabs. The photos were to help verify that someone does not swap out the coin with a lower graded coin.
How's the weather up there in Montana? This storm dipped down to my area of the Rockies, I am thankful it is staying above 7000' Hope all is good!
@Mountain Man the original ANACS (not the current ANACS ownership) originated commercial grading of coins; the combo Photograde Certificate plus the Coin that was originally stapled to the Certificate was a unique way to grade coins at that time. These original intact combos are relatively scarce, and, one with a Commemorative coin is quite scarce. If you examine the Certificate you will see that the grader(s) evaluated both the Obverse and Reverse for LUSTER; SURFACE; EYE APPEAL; STRIKE and not only gave a numerical grade per the "official ANA Grading Standards for United States Coins" for each of those attributes, but also gave a verbal description of how that composite grade (subjectively, in the grader(s) opinion) compares with others of the same date and mint mark, such as:LUSTER--Original; SURFACE--Below Average; EYE APPEAL--Average; STRIKE--Sharply Struck. In my experience reading commentary about these ANACS combos in books, periodicals, and forums, the general consensus was that the ANACS grading was quite conservative compared to present-day market grading. Back in 1985 there were fewer collectors, and therefore fewer coins being submitted to ANACS, so the graders could take more time to evaluate the coin and provide the info that appears on the Certificate, plus photographing both sides! Too bad nowadays that the TPGs only spend about 8 seconds per side on average evaluating submitted coins.
I haven't seen one of the original ANACS holders in a long time. Most of them have been resubmitted to PCGS & NGC. I did like the way they graded both side of the coin. Today when you get your coin back from a grading service all you see is a grade number or a details grade. Anything beyond that you need to pay a fee for. It's also true that back when ANACS graded a coin they spent some time looking at the coin unlike today as Tamaracian said 8 seconds per side.
@baseball21 forums aren't the only place where the "about 8 seconds" has been referenced or where it originated; take a look at this PCGS Grading Process Video and you will see (i.e. count to yourself) that the two graders take about 8 seconds per side (which includes inspecting the edge) both by by eye and with magnification: https://www.pcgs.com/pcgs-grading-process-video Regardless of what we collectors/submitters think of the TPGs grading results, the experienced graders can zip through most coins that are problem-free or that do not require additional scrutiny for Type or Variety attribution at a very quick pace.
That's all it takes for the majority of coins. Forums have a tendency though to act like its a shot clock. If they need more time they take, if they need less time they use less, most things are pretty straight forward and can be moved through quickly
