ANACS vs ICG: Whats the deal?

[MBA101]

I thought they merged. Are they each still grading under their own banner in the same location? ICG has basically the same rates as PCGS (rather expensive) while ANACS on their still operating web page has the least expensive rates.

 

There is a huge flood of ICG slabs at Heritage. I was thinking that ICG has eliminated ANACS, but there are still vast quantities of new ANACS slabs appearing at Heritage as well. So what gives? Is ANACS still operating? Replaced by ICG?

 

 

[cpm9ball]

I didn't follow the events too closely, but it is my understanding that a former ICG employee tried to buy ICG and the offer was rejected. Then, that same employee successfully bought ANACS, fired almost everyone and moved the operation to Colorado Springs where he then lured most of the ICG graders to come on board.

 

I believe that both are still in business and have no affiliation with one another.

 

Chris

[EZ_E]

I didn't follow the events too closely, but it is my understanding that a former ICG employee tried to buy ICG and the offer was rejected. Then, that same employee successfully bought ANACS, fired almost everyone and moved the operation to Colorado Springs where he then lured most of the ICG graders to come on board.

 

I believe that both are still in business and have no affiliation with one another.

 

Chris

 

That's my understanding, too.

[jesbroken]

Due to my last experience with NGC(March to June), I'm going to give ANACS a try.

Jim

[gmarguli]

There is a huge flood of ICG slabs at Heritage. I was thinking that ICG has eliminated ANACS, but there are still vast quantities of new ANACS slabs appearing at Heritage as well. So what gives? Is ANACS still operating? Replaced by ICG?

 

The new ANACS didn't want to do the "net grading" that the old ANACS did. ICG agreed to do it and Heritage gave them all their problem coin business.

[gmarguli]

Due to my last experience with NGC(March to June), I'm going to give ANACS a try.

Jim

 

You're referring to long turnaround times? If so, be prepared to wait 2+ months for ANACS.

[just-john]

ANACS seem to be the new slab for the TV coin guy in my area

[gmarguli]

Yep. They took all the TV contracts away from ICG.

[coinman1794]

I miss the old ANACS ~ not for their grading, but for their great little slab. ICG is dead to me ~ they let a lot of problem coins through and they overgrade most MS67 and up coins.

[ritter]

i just recently sent coins in to be graded by anacs.turn-around time was 12 days! icg is on the top 4 graders .personally,other graders have better turn-arounds then ngc. i think ngc is just to busy.that's why you see other grading companys catching the top graders.(as in ngc)they don't have the staff,or they have to many dealers or just to much to grade.my suggestion,is to find more graders to handle the load.you want to be #1,satisfy the customer.

[ritter]

by the way ! how do i line up these signatures?

 

[EZ_E]

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[James_OldeTowne]

ICG has never appealed to me, and they still don't. I had a bad enough experience with their grading years ago that I've not given them a second thought since. ANACS only appeal to me was the small size of their holders. I think their new holders are awful and their grading is no better than that of NGC or PCGS, so why use them? I know they'll offer "details" grades, but that's something I have little use for anyway. NCS serves that purpose well.

[DC Dawg]

For those who do not remember, (in brief) James Taylor, then of ICG, bought ANACS from Whitman Publishing's parent company and moved them from Austin, Texas to Colorado--a few miles from ICG. Then Taylor raided ICG and "stole" most of their people. ICG then hired any former ANACS people that wanted to move to Colorado Springs.

 

Under Taylor, ANACS is no longer doing net grading the way they used to. They will body bag more coins nowadays. At the time of the sale, ANACS made a deal with one of those TV shopping network hucksters and has been making special slabs for those coins. Some claim that the moderns are overgraded (a lot of MS/PF70s).

 

ICG then began to do more net grading, but will still body back environmentally damaged or just plain bad coins. ICG still provides error attribution service with CONECA and now has the former VAM identifier who used to work with ANACS (I heard he's considered one of the best).

 

ICG has filed a lawsuit against Taylor and ANACS over this.

 

I liked the old ANACS when it came to VAM attribution and I like their new holders (sorry James). But based on what I heard about the new ANACS from former employees who did make the move, I will not be using them. But I do love those holders!

 

ICG is still great for errors and tokens. But I agree with James, their moderns are a bit overgraded. And I think ICG has the ugliest slab out there.

 

Scott

[ritter]

thanx for the info ,worked out fine ez-e