Does anyone know that ANACS will no longer assign a net grade for problem coins? To me this seems like a problem for collectors--inconsistency between coins. I already have problem coins slabbed and graded by ANACS w/ net grades. Going forward all my other coins won't. I found three auctions on ebay that have 3 different types of grades w/ ANACS slabs. How are us newbies supposed to understand grading w/ so many permutations? I think I am losing faith in coin grading...... http://http://cgi.liveauctions.ebay.com/4939-1911-D-2-1-2-Weak-D-Cleaned-ANACS-AU55-Detail_W0QQcmdZViewItemQQcategoryZ52618QQitemZ6591038344QQrdZ1QQsspagenameZWDVW http://cgi.liveauctions.ebay.com/4934-1911-D-2-1-2-Damaged-Bent-ANACS-AU-Details_W0QQcmdZViewItemQQcategoryZ52618QQitemZ6591038188QQrdZ1QQsspagenameZWDVW http://cgi.liveauctions.ebay.com/4933-1911-D-2-1-2-Ex-Jewelry-Cleaned-Damaged-ANA_W0QQcmdZViewItemQQcategoryZ52618QQitemZ6591038162QQrdZ1QQsspagenameZWDVW
Sorry, the first link does not work. Try this one: http://cgi.liveauctions.ebay.com/4939-1911-D-2-1-2-Weak-D-Cleaned-ANACS-AU55-Detail_W0QQcmdZViewItemQQcategoryZ52618QQitemZ6591038344QQrdZ1QQsspagenameZWDVW
The reason that they aren't doing NET grading any more is because there are no standers for NET grading...no one has ever put to gether a set that says....for cleaning take away 2 points....for a hole take away 4 points...so it wasn't making much "cents" to do it. When someplace has a coin listed as Cleaned and AU Details...don't pay over AU price. The auctions you showed aren't 3 grade types...its 3 types of damage.... I suggest you read as much as you can about grading....here is a place to start you off... http://www.coingrading.com/ Speedy
Even with the current grading system, the grades are still very lucid and are constantly changing. Does anyone care to explain the difference between most of horn showing on buffalo nickel and 3/4 of horn showing? Well, basically the point of my rant is that there should be net grading as it makes about as much "cents" as the grading system. I'm getting off of my soapbox now.
Actually, I called ANACS this AM and they said they no longer issue net grades just details. I told them their webpage says they issue both but whoever I spoke with on the phone said that is no longer the case. At the end of the day, each iteration of grades (whether that be "net" or "details" or whatever) confuses and dilutes the grading process. I appreciate the advice I received on this site and I sent this coin to be authenticated--not graded so I don't care about the grade. However, I am trying to learn and understand more about coins. It becomes difficult when you are comparing apples to oranges because some coins have one type of grade and others have another. My 2 cents....
They don't unless you ASK...and I'm pretty sure I'm right...I heard it from the President of the Co. They have been working on a new site...there isn't any reason to just change the old one and then put up a totaly new one. Its not so much another type of grade....its another type of damage.... Speedy
Yes it is confusing. But the easiest way to avoid the confusion is to not buy problem coins. In a way, you made the correct observation. You are trying to compare apples with oranges when you try to compare the grading of problem coins and coins without problems. They are not the same thing - just as apples and oranges are not the same thing. But the problem you have described is exactly what I predicted would turn out to be the biggest problem to come about as a result of ANACS changing their grading habits.
Hopefully it will become easier over time to have problem coins graded in some manner with the problem described and disclosed. They are going to be owned, bought, sold, traded, and displayed anyway. So the more information the better. There is no obligation on the part of any serious collector to own a problem coin, but if the hobby makes no provision for identifying, categorizing, classifying, describing, and preserving coins of every type and condition, then there is a lack of professionalism to a degree [in my opinion].
Thanks for the advice. I will try to avoid buying problem coins in the future, this one just happened to be a key date in a series I collect. I guess my big gripe w/ ANACS is I paid them money for a service, I should not have to *ask* them to do their job.
Its not their job---in fact...if you sent that coin to PCGS/NGC/ICG they wouldn't slab it at all...they would body-bag it...so in one way ANACS is doing a service by just slabbing it.---also the reason why you have to ask is becasue they DON'T do the NET grading anymore....if you ask they will do it for free....I don't see why they don't charge for it. Speedy
According to their website it is part of their job: Q. What does ANACS do about "problem" coins? A. Problem coins are coins with detractions (cleaning, tooling, corrosion, altered surfaces, etc.) severe enough to lower the coin's grade. ANACS will encapsulate these coins, and the label will list the type of problem. The label will also provide a "details" and a "net" grade. The "details" grade reflects the amount of remaining details on the coin, balancing actual wear with remaining sharpness. The "net" grade deducts a given number of grading points from the "details" grade, depending on the severity of the coin's problems.
As it has been said many times before....the ANACS website is being changed...they are getting a whole new one and it hasn't been put online yet. Speedy
I understand that--you have a call into the president and he told you all about the recent changes at ANACS. However, this type of communication (while not updating the website to properly reflect the services provided and new slabs) further drives a wedge between experts (yourself) and newbies (me).
Well thank you but I'm far from an expert.... I don't know if you have ever done it....but updating a website isn't always easy....it takes LOTS more than just typing a post like this..... Speedy
I tried a few dozen links on their site and they all work. I don't see any missing pictures. Maybe with the new design and possible changes in their hosting, you're getting blocked? If you want, give me a specific example and I'll try it from my connection.
