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 Just over a
month after beginning operations, ACCGS coins have been appearing on Ebay
by the dozen, and with great success for their owners. Several on-line
auctions were sent to us by both non-members and members of the Beverly
Hills Coin Club this month. One thing many of the ACCGS auctions had in
common was that the ACCGS coins were bringing much higher prices than the
same dates and grades from the other major grading services. This is all
the more striking in that the coins were well-pictured and could be
enlarged for close scrutiny. Additionally, most of the ACCGS coins were
bringing substantially more than their opening bid prices in their short,
three-day auctions. For the sake of brevity, we list here a brief
cross-section of some of the examples sent to us, covering some of the
more popularly collected copper, silver and gold coins held in three-day
auctions (some of the seven-day and ten-day auctions reported to us
received even higher bids and better results). Of course, not all coins
will have the same results. Timing, supply, demand and the economy all
come play a role in a coin's final price. However, it is remarkable that
ACCGS coins are bringing such strong prices compared to other grading
services at the same time and in the same marketplace. It is also
remarkable that the ACCGS coins were going for well over retail when the
economy is down and employment is the highest it's been in a long time.
Clearly, coins continue to remain a popular investment security in both
good times and bad. |
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An 1885 cent,
ACCGS 65/65 Red, started at $295 before bringing almost twice as much in
just three days and after six bids, $515.05. Slabbed examples of this same
date and grade from the other grading services in "MS 65 Red", were
bringing $300 to $425 each.
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A 1921 dime
in ACCGS EF 45/45 brought $511.99 after getting nine bids in only three
days. This is over $100 above greysheet ask or average retail prices of
$395 to $410. Bidding started at just $299 but went quickly up to nearly
double in price. During the same week of August, a PCGS example in EF 45
brought $350 on Ebay while an NGC EF 45 brought $310, over $200 less than
the ACCGS example. Clearly, , at least in the case of this particular date
and denomination. members of the Beverly Hills Coin Club, and others,
preferred ACCGS grading to the others offered at the same time.
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A 1934-D
Quarter in ACCGS MS 65/67 brought $662.88. A PCGS example, graded "MS 65"
brought only it's opening bid of $450 the same week. Both coins were well
struck with original full white mint bloom. The ACCGS coin probably
brought over $100 more than the PCGS coin because ACCGS clearly labels the
grade of both sides of the coin.
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Apparently,
some bidders on eBay prefer ACCGS' grading and the ACCGS policy of grading
both sides of the coin, instead of combining both sides as one whole
collective grade. This is further demonstrated with the many successful
higher bids for ACCGS gold coins which were graded on both sides. For
example, an 1899 $5 ACCGS MS 63/65 brought $390.02 after starting off at
$350. Many PCGS and NGC $5 Liberties offered during the same week as
simply "MS 63 were bringing $340 to $380 each, and bid at $390 on the
official Coin Dealer's bluesheet.
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With all this
said, and with the cross-sample of random examples sited above, clearly
the market is making a strong determination that ACCGS can meet or succeed
the standards of the other major grading services, with far less costs to
the consumer, at only $9 per coin. Again, these are just random examples,
and results may vary depending on supply, demand and market conditions.
But from what we have seen so far in less than a few months after ACCGS
started, we are looking forward to seeing many higher ACCGS bid results in
the future.
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