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Ebay Throws ANACS Under the Bus
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<p>[QUOTE="Lehigh96, post: 1420854, member: 15309"]How did E-Bay's decision devalue most coins trading in the marketplace when most of the $2,500+ coins already reside in PCGS or NGC plastic?</p><p><br /></p><p>I really think this is much to do about nothing. I just checked Heritage's archives and there have been about 16,000 ANACS coins auctioned in their history that have reached the $1,000 mark. From a cursory scroll through, most of those seemed to be under $2,500. Realistically, how many coins is the new E-Bay policy excluding? Most high dollar value coins already reside in PCGS and NGC plastic.</p><p><br /></p><p>Furthermore, all most all of the $2,500 ANACS coins were in the old small white holders. How many of them have since been crossed to PCGS or NGC? And to provide a little scale, Heritage has sold over 300,000 coins worth more than $1,000 graded by NGC & PCGS.</p><p><br /></p><p>And since all non PCGS & NGC coins are treated as raw coins, E-Bay sellers will simply use the raw coin description codes rather than the numerical codes in their listings and descriptions.</p><p><br /></p><p>P</p><p>F</p><p>AG</p><p>G</p><p>VG</p><p>F</p><p>VF</p><p>XF</p><p>AU</p><p>BU </p><p>CH BU</p><p>GEM BU</p><p>PREMIUM GEM BU</p><p>ULTRA GEM BU</p><p><br /></p><p>There a few guys who have posted in this thread who I genuinely feel for because I know they own ANACS coins worth more than $2,500. Personally, I have never seen a coin in an ANACS or ICG holder worth more than $2,500. And the reason they have never been in my collection is probably the same reason for E-Bay's policy change.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 1420854, member: 15309"]How did E-Bay's decision devalue most coins trading in the marketplace when most of the $2,500+ coins already reside in PCGS or NGC plastic? I really think this is much to do about nothing. I just checked Heritage's archives and there have been about 16,000 ANACS coins auctioned in their history that have reached the $1,000 mark. From a cursory scroll through, most of those seemed to be under $2,500. Realistically, how many coins is the new E-Bay policy excluding? Most high dollar value coins already reside in PCGS and NGC plastic. Furthermore, all most all of the $2,500 ANACS coins were in the old small white holders. How many of them have since been crossed to PCGS or NGC? And to provide a little scale, Heritage has sold over 300,000 coins worth more than $1,000 graded by NGC & PCGS. And since all non PCGS & NGC coins are treated as raw coins, E-Bay sellers will simply use the raw coin description codes rather than the numerical codes in their listings and descriptions. P F AG G VG F VF XF AU BU CH BU GEM BU PREMIUM GEM BU ULTRA GEM BU There a few guys who have posted in this thread who I genuinely feel for because I know they own ANACS coins worth more than $2,500. Personally, I have never seen a coin in an ANACS or ICG holder worth more than $2,500. And the reason they have never been in my collection is probably the same reason for E-Bay's policy change.[/QUOTE]
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