The American Numismatic Association Certification Service, better known as ANACS, is a coin grading company founded in 1972.

History

Originally founded in June 1972 as the American Numismatic Association's authentication service, ANACS expanded into third-party coin grading in March 1979. ANACS was founded in response to the rise in counterfeit and altered coins in the numismatic marketplace. During the coin collecting boom of the 1960s, counterfeiters would alter common-date coins, and either add or remove a mintmark in order to sell the coins as their more-valuable counterparts. (For example, an 'S' mint mark would be added to a 1909 VDB

Lincoln cent The Lincoln cent (sometimes called the Lincoln penny) is a one-cent coin that has been struck by the United States Mint since 1909. The obverse or heads side was designed by Victor David Brenner, as was the original reverse, depicting two stalks ...

in order to increase the coin's value by making collectors think it was a genuine 1909-S VDB cent). ANA sold ANACS to the publisher of '' Coin World'' in 1989, and it has since been resold. In accordance with the first business strategy, Chicago Pacific Corporation attempted a hostile takeover of the Textron Group in October 1984. CPC offered $1.6 billion. However, the takeover bid failed.New York Times 1. November 1984: "Textron rejects takeover bid"
/ref> The subsequent bid to Scovill Inc. (zippers, haberdashery) was also rejected.Chicago Tribune 16. August 1987: "Chicago Pacific Switches Tracks"
/ref>

References

External links

Coin grading {{coin-stub