Yes, ANCHOVIES is a Scrabble word!

Letter values in Scrabble US: A 1, N 1, C 3, H 4, O 1, V 4, I 1, E 1, S 1.

Is it a valid word?

ANCHOVIES is a valid word in the official Scrabble dictionary (US), the UK Scrabble Dictionary and Words with Friends (ENABLE).

tiny fishes usually canned or salted; used for hors d'oeuvres or as seasoning in sauces
small herring-like plankton-eating fishes often canned whole or as paste; abundant in tropical waters worldwide