Here are the raw facts about Anacs coin sorting
Anacs is the oldest of all the coin sorting companies. It was started by the American Numismatic Association (ANA) in 1972. The ANA recognized that something needed to be done about all the counterfeit and altered coins floating around. FYI: PCGS began serving the public in 1986 and NGC was formed in 1987.
Anacs did something the others didn’t want to do
When the coin sorting companies were formed, they all only sorted older coins. Anacs was the first of the coin sorting companies to begin sorting modern issue coins. Pcgs and Ngc scoffed at this move and both stated that they would never, ever rate modern issue coins. When the public started buying millions and millions of dollars in modern issue coins, to start or complete less expensive and more affordable sets, Pcgs and Ngc quickly changed their minds.
Why is the Anacs coin classification analyzed?
If you talk to a coin dealer, a small percentage of them will tell you that they don’t like the Anacs coin sorting. Why is that? Well, it all has to do with HSN, the home shopping network.
Mike Mezack, keynote presenter and salesperson
Mike Mezack is the world’s number one coin dealer. With professional sales of over $ 1 billion, it has dominated the numismatic coin industry for 20 years. This created a tough relationship with dealers, but a wonderful relationship with collectors. Coin dealers watched Mike sell on home purchases and realized that people who can shop at his stores now shop from the comfort of their home. This understanding did not make Mike his best friend. Last year, in a very tough economy, Mike Mezack worked 8 hours a month at HSN and sold more than $ 125 million in collectible coins. Most of the coins Mike sells have gone through the Anacs coin grading. This caused some distributors to associate Anacs with Mike and the loss of sales. Even though Anacs has a board member on the actual ANA board, the distributors retaliated by saying that Anacs was not as good as PCGS and NGC.
Well, which of the coin grading companies is the right choice?
Actually, all three. Why? Because they call to carry exactly the same guarantee. If you receive an Anacs, Pcgs or NGC MS70 coin, they come with the guarantee that it is a perfect coin and if you determine that it is not and was perfectly rated by mistake, you return it and get your money back or get a new coin. This is the exact same policy for all three companies.
What do I buy?
I buy all three, actually I only buy gold and silver numismatic coins as I love the idea of having both the numismatic price and the metal price in my collection. I only buy from the big three coin grading companies and I suggest you do the same.
