ANACS Question

Discussion in 'Coin Chat' started by Prospector, Jul 12, 2010.


    GDJMSP Numismatist Moderator

    NGC and PCGS have not changed hands and started using completely different grading standards. With them it's not the new company vs the old company like it is with ANACS.
  2. Avatar

    Guest User Guest

    to hide this ad.
  3. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    >Sidney, OH based ANACS is bought by Whitman.
    >Whitman moves the company to Austin, TX.
    >James Taylor makes an unsuccessful attempt to buy Colorado Springs, CO based ICG.
    >Taylor buys ANACS instead.
    >Taylor dismisses much of the staff and moves the company to Englewood, CO.
    >Taylor hires many of the graders and attributors away from ICG.

    Is it any wonder why so many dealers and collectors lost faith in ANACS?

  4. Farstaff

    Farstaff Member

    Yes I understand that many have lost faith with ANACS because of their constant changing ownership and grading standards. So have I, however each of the grading companies have changes their grading standards though out the years imo. Perhaps not their "published" grading standards but their grading standards certainly has changed.

    BTW: if my memory serves me correctly, ANACS was founded by the ANA.
  5. cpm9ball

    cpm9ball CANNOT RE-MEMBER


    GDJMSP Numismatist Moderator

    Oh I don't dispute that. But what sets the new ANACS apart is the degree to which their standards changed. Coins pretty much across the board jumped 2-3 grades overnight. They went from grading 2 to 3 coins as either MS or PF70 over a period of almost 30 years, to grading hundreds of them per week !

    Now I have no love for the over-grading that NGC and PCGS are guilty of. But compared to the new ANACS, NGC and PCGS are saints !
  7. WashQuartJesse

    WashQuartJesse Member Supporter

    That's insane.
  8. FreakyGsMom

    FreakyGsMom Member

    I was on my moms account. delete...
  9. FreakyGarrettC

    FreakyGarrettC Wise young snail

    They took this coin from heritage without the owners permission with the intent of downgrading it. And a nasty lawsuit that stopped the production of blue nickels and other coin doctoring. :mad:
  10. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    There has to be more to it than that. Heritage wouldn't just hand over a coin without someone's permission, and NGC surely wouldn't steal it. You need to come up with more information than that before you come to the conclusion that NGC did anything wrong.

    Someone correct me if I'm wrong, but isn't the issue of the "blue nickels" and "coin doctoring" part of the basis for the PCGS lawsuit that was filed earlier this year in California? I don't think NGC has anything to do with it.

    I'd appreciate it if you would give me the complete details as you know them.

  11. Victor

    Victor Coin Collector

    I am waiting for ANACS to grade my latest 5 day submission. They got the coins July 14th. This is the third time I have sent coins to them.
    So far I am happy with their service. They get them graded and out the door fast enough.
    The bottleneck is the USPS Registered mail. The USPS is very slow.
  12. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    I'd still like to know more about this.

  13. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Which is worse? Someone making a mistake or someone making statements based on half-truths that aren't supported by facts?

  14. FreakyGarrettC

    FreakyGarrettC Wise young snail

    I spoke with Brian, the person who owns the cent, for over an hour about it and NGC took it from him as a "mechanical error" under grading.
  15. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Sorry, I don't buy it. Did NGC use physical force to make him turn over the coin? If it was in the possession of Heritage with the intent of putting it up for auction, was the listing pulled by the owner? Why? So, maybe there was a mechanical error on the insert, but the owner would have to give his "blessing" for NGC to take possession with the intent of correcting the error.

    FG, you're making an assertion without even checking with Heritage and NGC to see if the stories jive. I guess "in your court' only the plaintiff gets to speak.

    Now, about the "blue nickels", "coin doctoring" and the PCGS lawsuit that NGC has nothing to do with, do you believe that coin doctors should be allowed to produce AT coins at the expense of the collector? Why does this have you upset?

  16. Lehigh96

    Lehigh96 Toning Enthusiast

    Garret,No offense to the owner of the coin, but as long as that thing is no longer in an MS69 holder, justice has been served. Are you saying that NGC is claiming they made a labelling error and that the coin should have been in an MS66 holder from the start?Paul
  17. FreakyGarrettC

    FreakyGarrettC Wise young snail

    NGC contacted heritage to have the auction pulled. If a coin doctor can do a good job with AT and the collector is WILLING to pay for it I have no problem with it. And yes I know I have only heard ONE side of the story. And his "blessing"? Wow. They pulled it with the intent of downgrading it as a "mechanical error" as that is the only way the could do it without his consent. They also pulled it from the pop report.

  18. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Read my lips, Garrett! NGC can't authorize (read "force" if you want) Heritage to pull an auction listing for a coin they don't own. All they can do is make recommendations to Heritage and the owner, but the final decision to pull an item from an auction lies solely with Heritage and the owner. Now, if NGC had advised Heritage and the owner that the coin in question was mislabeled due to a mechanical error, it was in Heritage's best interest to pull the coin from the auction whether the owner liked it or not.

    As for your opinion that coin doctor's have a rightful place in the numismatic community, then you are not a collector of numismatics.

  19. Treashunt

    Treashunt The Other Frank


    You expect Garrett to "read my lips" yet you can't read his post.

    You apparently believe that oyu are the be-all, and end all of commentary.

    #1: FYI: He did not say "As for your opinion that coin doctor's have a rightful place in the numismatic community"... Try reading, he said:
    "If a coin doctor can do a good job with AT and the collector is WILLING to pay for it I have no problem with it." Translate for you: If you have a willing [knowledgable] buyer, and a seller (who represents his wares properly) then he would not stop their transaction. They supposedly know what they are doing, and it is their business.

    #2: 'Read my lips, Garrett!" Congratulations on one of the most obnoxious posts that I have read here in a long time.

    #3: Lets see, you are here for what? 3 months? and Garrett is here for nearly 2 years. In all of that time I have never seen him addressed in this manner.

    Therefore, I shall not respond to any of your posts from this point forward, unto eternity.

    And, for the record, you owe him an apology.

    I just checked, and you do not have 'god' under your heading.

  20. rlm's cents

    rlm's cents Numismatist

    I realize you and Freaky are buddy-buddy, but that still does not mean 2 wrongs make a right.
  21. Treashunt

    Treashunt The Other Frank

    agree, but what were his two wrongs?

    As I read it, he was misquoted.

    And it is immaterial if I am friendly with someone, I will still tell them that they are wrong if they are wrong.

    PS Unless you are in Chinatown, then Mr & Mrs Wong's daughter married a Wight, then two Wongs made a Wight.
Draft saved Draft deleted

Share This Page