My coins finally came back from ANACS.

After what I've just read here I don't trust coin grading companies at all. They sound sneaky and unscrupulous to me and even charge full price when they reject a coin and wont even slab it.

 

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I can't be 100% sure without the coin in hand but I trust ANACS that they must have seen something that could lean to cleaning...I don't agree with them all the time but it is true that back in the 1800's and after that cleaning was thought of as a good thing...when a coin is in this good of grade it shows that it might have been a coin collector that owned it...and that also goes along with why it would have been cleaned.

The people at ANACS at knowledgeable and a lot more than some coins dealers I know...

Then that is what you should do if you don't agree but it always it a good idea to look and try to see what they saw.

True....but it can also save a un-knowing new collector from buying a cleaned coin.

From what I have heard...you can have a restrike from the dies...but something might not be right...maybe a detail is wrong or some little part is missing...therefore it would be called a restrike and would be called more of a Token...ANACS might not grade restrikes...that is why they sent it back

Speedy

 

I have submitted to PCGS 7 times over the last year and a half and the longest they had my coins in house was 71 days for economy service. I kept tracking information as to when the coins were received to the day they were shipped.

Again, any business that takes 100% of the money up front, then renders services more than 60 days after depositing YOUR money is in fact, earning interest as they float your money.

ANACS's economy service averages well over 3 months and many times they take over 100 days before they render services. Out of the the top 4 TPG's, they are the slowest and play with your money the longest.

Anybody along with ANACS may argue to use their other faster services, but that is just "bait-n-switch" business practicing. They are very slow. The longer they float your money before they render services, the more they make.

 

Two of the Coin Dealers that looked at the coin have about 15 years experience in buying and selling coins, one has around 30 years experience and the two others have 40 to 50 years experience each.

The coin was examined by all under a Microscope and compared to a Silver 1865 Seated Half Dollar and other Seated Half Dollars in the series and there were no differences in the coins whatsoever.***

***The same above applies.
Also, that still does not excuse them from taking my money and only sending back a note that had "Restrike" written on it! Since they should have researched the coin (if they even took the time to do so) to make the determination that it was a Restrike and to not grade and slab it, they could have and should have at least provided when and who did the Restrike and whether it was an Official or Unofficial Restrike. I submitted the coin to an ANACS Representative at the Chattanooga Coin Show and he should have advised me at that time, that the coin may be a Restrike and that ANACS does not grade and slab Restrikes. Instead, he accepted the coin and took my money!


Frank

 

knowledge is not something you get in years...its something you get as you read and study and such...

As for...

Yes it does...that is how they make a living....charging a fee to do their work...and they shouldn't send it back if they don't agree with you...if they did send back payment and such they would go under soon...think about it...how many places...that do work for you if they put in a days work for you and still can't fix the thing...don't charge you anything...not many and the places that don't charge you...have known you for many years.

Speedy

 

Hey bro, I don't think NGC or the other will grade a cleaned coin....body bag.

 

A few people here, and yourself, do not think this coin was cleaned. What makes anyone think the person at ANACS knows anymore than you do. Don't forget, he/she only spent about 3 seconds looking at the coin before knocking $700 bucks off of its value. But, what the heck! It isn't their $700.00.

 

Do you know for a fact that ANACS only looks at coins for 3 sec??...I for one would like to know but would also like to make sure my facts are facts before passing them on to the many people that read this forum.

Speedy

 

Speedy,

Call NGC and find out how many coins each grader does each day and divide that by 8 hours. I did and it comes out to less than 15 secs for each side of the coin. Then, take a look a the video clip that PCGS has on their website and see how long they look at coins. Do you really think ANACS is any different? I would bet triple my coin collection that they are not. They are not grading coins to provide a service to numismatists; they are doing it to make money, and only to make money. Alright... so pardon me for using a little bit of hyperbole when I said 3 or 4 seconds. My original question remains unanswered. What makes you think that the person at ANACS or NGC or PCGS does a better job of grading than any informed and experienced numismatist?

 

People at ANACS and NGC and PCGS at least most of them are collectors or have collected at sometime...and that means alot to me...

I have seen coins by ANACS/NGC/PCGS that I thought were overgraded and underagraded...but I just have a feeling from the times I have called ANACS and such that they take more time and care more about collectors...

I agree that they are also out there to make money...but isn't EVERYONE in this world out there to make money??

Speedy

 

Sjnebay is right on the money 105%. Why do they take months and months to grade and slab a coin? It is a joke and it sounds like they border on downright fraud when they charge full price and wont even slab it when it ought to be. Even if a coin turns out to be a counterfeit they shouldn't charge full price either.

 

It sounds like there is room in the business for a new TPG who can provide fast turnaround, accurate-to-slightly-conservative grading, and competitive prices. Any company that relies on inefficiency to turn a profit should be easy pickins'.

 

So if ya'll think they ought to work for free...how about ya'll....I don't think that would last long...

Speedy

 

A lot of people are getting down on PCGS on their forum for being too conservative in their grading. On the other hand most of the recent "third world" grading services grade too liberally just to get business.

Charlie

 

thanks.

 

I'm not too sure about the easy pickins' part, based mainly on the reputations of several recently organized TPGs. Yeah, I know, they did it to themselves with loose standards, blatant over-grading and poor quality control. It is really a shame too- a great idea that was terribly executed. Their "questionable" approach (I'm being nice here) will make it hard for any new TPG to gain traction in the marketplace. Collectors are just too gun-shy.

Having said that, I do agree strongly with the philosophy behind this idea. For years I've believed that the Numismatic community (OK, particularly slab-buyers) would benefit tremendously from a new TPG that truly attempted to accurately grade coins with consistency, in a reasonable amount of time, and at a fair cost.

 

Welcome back NOS.

 

I'm not really back. Just stopping in for a few days.