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<p>[QUOTE="Insider, post: 4602604, member: 24314"]News Flash! An ideal grading service WOULD NOT BE DEPENDENT on income. The organization would be truly INDEPENDENT. Perhaps funded by a large endowment that would generated ALL expenses PLUS additional profit.</p><p><br /></p><p>AFAIK, ANACS was the first coin Authentication Service in the U.S.A. At first, they lost money but by the early 1970's, the ANA decided to move the company to CO to bring all the revenue and control inhouse. <b>Thus <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie30" alt=":bucktooth:" unselectable="on" unselectable="on" /> loosing all the museum and government assets that required it to be in DC in the first place!</b> <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" /></p><p>It was a case of the tail (ANACS) <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie47" alt=":greedy:" unselectable="on" unselectable="on" /><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie47" alt=":greedy:" unselectable="on" unselectable="on" /><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie47" alt=":greedy:" unselectable="on" unselectable="on" /><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie47" alt=":greedy:" unselectable="on" unselectable="on" /> wagging the dog (rest of the association).</p><p><br /></p><p>With the amount of revenue generated in DC, ANACS became like an independent "Ivory Tower." After dumping several of our consultants and old time authenticator "ex-perts" who proved to be liabilities, the opinions of ANACS were truly independent. </p><p><br /></p><p><b><i><font size="6"><span style="color: #b30000">IF</span></font></i></b> the ANACS had decided to release the internal records of each coin's grade that were kept for its identification in the future, that opinion would also have been a TOTALLY PROFESSIONAL and INDEPENDENT OPINION that was NOT SUBJECT TO ANY PRESSURE FROM ANYONE! </p><p><br /></p><p>Additionally, a very little known fact is that the FIRST COIN GRADING SERVICE in the U.S.A. was at the IINS Authentication Bureau. <b><i><font size="6"><span style="color: #b30000">Grades were provided for FREE because grading is a subjective opinion!</span></font></i></b></p><p><br /></p><p><span style="color: #000000">PS A few months before the ANACS started grading coins FOR A FEE, one of the biggest coin firms in the country threatened to sue INSAB out of business if we continued to grade coins because we had called a gold dollar they were involved with AU. Thankfully, that never happened because before we were sued, the ANA started their own coin grading service. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></span></p><p><span style="color: #000000"><br /></span></p><p><span style="color: #000000">The commercialization of coin grading by coin dealers for their own interests and profit <span style="color: #006600">IS THE AMERICAN WAY</span> <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /> and I have no problem with folks working hard making money. USA, USA, USA!</span>[/QUOTE]</p><p><br /></p>
[QUOTE="Insider, post: 4602604, member: 24314"]News Flash! An ideal grading service WOULD NOT BE DEPENDENT on income. The organization would be truly INDEPENDENT. Perhaps funded by a large endowment that would generated ALL expenses PLUS additional profit. AFAIK, ANACS was the first coin Authentication Service in the U.S.A. At first, they lost money but by the early 1970's, the ANA decided to move the company to CO to bring all the revenue and control inhouse. [B]Thus :bucktooth: loosing all the museum and government assets that required it to be in DC in the first place![/B] :( It was a case of the tail (ANACS) :greedy::greedy::greedy::greedy: wagging the dog (rest of the association). With the amount of revenue generated in DC, ANACS became like an independent "Ivory Tower." After dumping several of our consultants and old time authenticator "ex-perts" who proved to be liabilities, the opinions of ANACS were truly independent. [B][I][SIZE=6][COLOR=#b30000]IF[/COLOR][/SIZE][/I][/B] the ANACS had decided to release the internal records of each coin's grade that were kept for its identification in the future, that opinion would also have been a TOTALLY PROFESSIONAL and INDEPENDENT OPINION that was NOT SUBJECT TO ANY PRESSURE FROM ANYONE! Additionally, a very little known fact is that the FIRST COIN GRADING SERVICE in the U.S.A. was at the IINS Authentication Bureau. [B][I][SIZE=6][COLOR=#b30000]Grades were provided for FREE because grading is a subjective opinion![/COLOR][/SIZE][/I][/B] [COLOR=#b30000][/COLOR] [COLOR=#000000]PS A few months before the ANACS started grading coins FOR A FEE, one of the biggest coin firms in the country threatened to sue INSAB out of business if we continued to grade coins because we had called a gold dollar they were involved with AU. Thankfully, that never happened because before we were sued, the ANA started their own coin grading service. :D The commercialization of coin grading by coin dealers for their own interests and profit [COLOR=#006600]IS THE AMERICAN WAY[/COLOR] :D and I have no problem with folks working hard making money. USA, USA, USA![/COLOR][/QUOTE]
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