Currency Grading Certification

TO: ANA / Governors

As along,very long,time collector of coins and currency and one who has suffered much angst over currency grading and the people who do the grading, I hope to now add my voice and concerns about the proposed ANA GRADING PROGRAM. I have always been a proponent of fair and objective grading standards backed up by a universal set of standards for all to follow. I am very distressed to hear that ANA is contemplating selling their sponsorship without addressing all the issues, thus, not creating a level playing field and the inclusion of all who qualify. Look at the travesty perpetrated by CGA. It's no secret that notes graded by this company have cost dealers and collectors a fortune. And even though the damage caused still reverberates, unsuspecting new buyers are without benefit of protection. The currency market is entering into a phase that is attracting many new collectors and investors. ANA has a responsibility to set standards and eliminate the abuses of the past. This can only be done by including all of the best minds that the hobby has to offer. I think I have a lot of credibility as an advanced collector of high grade type notes, all of which are 3rd party graded. And it is my opinion that the collecting community already knows more than they are given credit for. I cite Rick Parkers recent article in Coin World as the most informed assessment of the current grading situation. And I agree with him when he says that CGC Currency Grading & Certification has set the standard for the industry. In closing I would like to say that many of my collector and dealer associates share my sentiments.

Sincerely, Michael A. Savar


TO: ANA / Governors As along,very long,time collector of coins and currency and one who has suffered much angst over currency grading and the people who do the grading, I hope to now add my voice and concerns about the proposed ANA GRADING PROGRAM. I have always been a proponent of fair and objective grading standards backed up by a universal set of standards for all to follow. I am very distressed to hear that ANA is contemplating selling their sponsorship without addressing all the issues, thus, not creating a level playing field and the inclusion of all who qualify. Look at the travesty perpetrated by CGA. It's no secret that notes graded by this company have cost dealers and collectors a fortune. And even though the damage caused still reverberates, unsuspecting new buyers are without benefit of protection. The currency market is entering into a phase that is attracting many new collectors and investors. ANA has a responsibility to set standards and eliminate the abuses of the past. This can only be done by including all of the best minds that the hobby has to offer. I think I have a lot of credibility as an advanced collector of high grade type notes, all of which are 3rd party graded. And it is my opinion that the collecting community already knows more than they are given credit for. I cite Rick Parkers recent article in Coin World as the most informed assessment of the current grading situation. And I agree with him when he says that CGC Currency Grading & Certification has set the standard for the industry. In closing I would like to say that many of my collector and dealer associates share my sentiments. Sincerely, Michael A. Savar