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<p>[QUOTE=&quot;RedTiger, post: 633187, member: 19098&quot;]There are virtually zero ANACS coins at that $50k price level, or even the $2k price level where the grade determines the price. The owners don&#039;t submit them there because there are virtually zero buyers for ANACS holdered coins at the upper price levels. A few newbies might make the mistake of submitting, but they likely don&#039;t make it twice.</p><p><br /></p><p>The market tends towards efficiency. If the ANACS coins would cross at the same grade and the auction results show higher prices for that grade for other holders, the coins get crossed or only submitted to certain companies.</p><p><br /></p><p>The PCGS lesson is one that I learned the hard way, paying full price for ANACS and other holders before I knew better. Some readers will likely also learn it the hard way, thinking they are &quot;educated&quot; enough. A little knowledge is a dangerous thing. A few readers might listen to and learn from, the more experienced, more knowledgeable people and pay a lot less tuition in the process. But hey, what do I know, I only have 30+ years in the hobby.[/QUOTE]</p><p><br /></p>

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