1st ANACS submission soon...

Going to be sending my discovery coin in, as well as my 1903 one centavo (Filipino) because I'm curious to see the results, but as far as ANACS slabs go, what's your maximum spending limit for buying their certified coins? I don't expect top dollar value from these two, but I'm curious to hear your take on the current generation ANACS slabs and where you draw the line, personally. Would you spend $200 for an ANACS coin? How about $350? $500+?

Let 'er rip here, I'm not going to be offended! Just please keep it civil... that's all I ask.

 

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I personally have never spent more than $92 on a slabbed coin, but I would be willing to spend a pretty penny on an ANACS graded coin if it catches my eye.

Some people are...... I'll say very picky, when they want only PCGS graded coins, or even PCGS/CAC, and they scoff at anything else. I personally have seen some poorly graded coins from PCGS, and practically any service, but there are always the nicely graded coins, some of which are nice PQ pieces from ANACS, and even ICG.

Overall, ANACS is one of the grading services I respect.

 

Just wondering and interested in seeing this so-called discovery coin.

 

Is that the 96' Morgan?
Personally, price depends on their opinion of grade and what the dealer is willing to take. I have zero problem with buying a correctly graded coin. Or an eye popper that someone else is gonna buy and reslab it with PCGS.

 

I think your discovery coin is this one? https://www.cointalk.com/threads/vammers-delight.415402/
I won't put any dollar limit on an ANACS slab, for the same reason I don't favor any coin over another just because of the slab it's in. Frankly I might spend relatively more on the right ANACS coin because I feel that they are stricter in many cases.

Can you tell us what the "discovery coin" process is with them? What evidence do they require that it's a discovery coin?

 

I don't have a limit (outside what my budget allows) if I like the coin and think it's worth it. Last year there was a nice toned Morgan in a new Anacs holder that I was willing to spend somewhere around 750 for but it ended up auctioning for more than twice that amount (this was a common date that would sell for around $75 if there was no color).

There are plenty of people that won't pay up for a coin that is not PCGS, CACG, or NGC (although some discount NGC too). There are enough people that will buy the coin but it does get difficult when you start reaching high dollar amounts.

 

I haven't seen unattractive and over graded coins from all of the grading services.

 

I only buy slab coins and will buy any slab from the major companies. I count on them for authentification but little else. I am sorry to say that i do avoid the safety yellow slabs not because of money but i just find that a very distracting feature. hope you get excellent results. james

 

For me it's not the slab that would limit what I would pay. It's all about the coin and the price. I can change the slab for $20 to $40 dollars but I won't unless I plan to sell the coin.

Any holder is fine until you try to market the coin.

 

Yup, that's the one! For this particular VAM, I sent it to Variety Slabbing Service (John Baumgart) on the recommendation / direction from CONECA to have him verify the discovery. He confirmed with ANACS, then had it listed (somehow?) on vamworld.

For submitting to ANACS, I'm including the paperwork sent from VSS and the email from him stating the discovery. Hopefully that's enough, but I can download pages from CONECA if necessary.

 

Thanks, that aligns with what I was told five+ years ago now. ANACS told me to go to CONECA or Wexler. I think at that time CONECA passed me on to VarietyVista and James Wiles. Dr. Wiles told me "25 years ago, CONECA made the decision to let the 19th century variety files be owned and maintained by the various specialty clubs." So in your case, I guess the "specialty club" is VSS and/or VAMWorld (not sure if they are connected). In my case, I would have to reference articles that I wrote myself, published in the BCCS journal. I'm sure the president and varieties team there would acknowledge that my "discovery" coins are the ones imaged in those articles. We'll see what happens.

It's a goal of 2025 to finally try this again. I was essentially rejected or ignored by Wexler, CPG, Coin World, and Numismatist, so I gave up. VAMs are so popular that you probably had an easier time of this, and having discovery coin on the label likely gives it some extra value. In my case, nobody really cares, but getting discovery coin would be cool for me personally. I have three of them. Looking forward to seeing your results!

 

There's a link to it in this thread

 

The yellow color is like a roll of caution tape sometimes. And thank you!

 

That's a very good point, with the market comment. I have no intention of selling it, and no worries about it being authentic, so i really just want it done for the grade and having ANACS record it as my discovery.

 

That is seriously awesome getting to exchange information with a CoinTalk member about their discovery VAM. I'm loath to go over to the Vam World site, for lack of a better explanation, they are some serious snobs, not to mention pompous nerds. Did you actually get to talk on the phone with John from VSS? I'd love to meet that guy, and he is extremely courteous via email and is probably the king of VAM ID.

 

I haven't spoken with him via phone call yet, but I appreciated his photography enough to make me consider sending coins in simply for imaging. Raw in, raw return, but with someone who knows how to take pictures far better than myself!

He was extremely pleasant to deal with and incredibly fast once the ball was in his court. If you have any need for his services, just start by sending him an email. You won't regret it if you deal with him. He's a true gentleman, from my limited experience.

 

I talked to my LCS a couple of days ago, they are both PCGS and NGC dealers. One day I'd like to get them to send in ANACS slabs for crossovers to PCGS, but they stopped doing it temporarily. Another issue is PCGS doesn't attribute all of the listed VAMS. Which in my opinion, is sad. I don't understand what makes a spectacularly clashed coin not as valuable as one that the market recognizes some as, and others, no value at all. I say the bigger the splash. the bigger the interest in the variety should be. But I don't make those rules.

 

I've already had him label and attribute about a dozen of my already graded slabs, his turnaround was amazing. About 10 days!

 

Yeah, I've been emailing back and forth with pcgs customer service to see if they'd recognize a discovery vam but I just get the typical response of "pcgs does not certify every vam..." bs stuff.

 

The guy who looked at my 1894 coin and validated it a couple of days ago got to talking about the grading services. He asked me why I wanted to cross over ANACs to PCGS. I told him I thought I could get a bunch of coins bumped up in grade. He laughed and said, "funny you say that, a lot of customers are telling me ANACs is getting too strict with their grading. "