I dont think the rate that cryptocurrencies fluctuate affects whether or not other grading companies will grade these coins. What do they care of the value of the coins ? They are just grading the condition of them. Value to them should be irrelevant, and would not affect the grade a coin recieves.
I agree, its more likley to be a failure to recognise them as legitimate currencies, and a nervousness of association because of some of the knee-jerk negative press that can often be associated with cryptocurrencies (no one has ever used cash to buy drugs or guns, or demanded a cash ransom, if you listen to them ....). Possibly even a degree of snobbery on their part.
On the big scale of things, the population numbers of the crypto coins is dwarved by the mainstream coin market. They clearly dont feel it represents a big enough opportunity for them commercially to pull their heads out of their narrow minded arses ...
Topic: Grading Coins - A Few Basic Questions. (Read 3757 times)
I know that Mitchell sent emails to both last week and my understanding was essentially that they do not grade those coins.
I've asked PCGS Europe and NGC: Coin Certification Company and both don't want to grade cryptocurrency coins. I did not contact ICG though. I asked them about grading, because they are in the EU and I don't have enough coins to justify sending them to ANACS. Well, I have enough coins, but only a few of them are worth grading. 
I bet the rate at which cryptocurrencies fluctuate is a major reason why PCGS Europe and NGC do not want to grade them
also those are the biggest whales in coin grading
they do so much in coins why bother getting involved with what some
may deem as fake currency etc. Also doesnt help the stigma digital currency
wrongfully gets and they may just want to stay away from the negative
publicity for a few bucks.
I know that Mitchell sent emails to both last week and my understanding was essentially that they do not grade those coins.
I've asked PCGS Europe and NGC: Coin Certification Company and both don't want to grade cryptocurrency coins. I did not contact ICG though. I asked them about grading, because they are in the EU and I don't have enough coins to justify sending them to ANACS. Well, I have enough coins, but only a few of them are worth grading. I bet the rate at which cryptocurrencies fluctuate is a major reason why PCGS Europe and NGC do not want to grade them
I know that Mitchell sent emails to both last week and my understanding was essentially that they do not grade those coins.
I've asked PCGS Europe and NGC: Coin Certification Company and both don't want to grade cryptocurrency coins. I did not contact ICG though. I asked them about grading, because they are in the EU and I don't have enough coins to justify sending them to ANACS. Well, I have enough coins, but only a few of them are worth grading. Do fingerprints affect the grade? I would assume so, but I'm curious. I have a stash of WDC Antaui's and the maker didn't wear gloves while putting them in the lock tight cases.
Most have one or two finger prints. How can I expect this to affect the grade? Thanks guys.
Most have one or two finger prints. How can I expect this to affect the grade? Thanks guys.
ANACS offers a conservation service: "Choose this service to allow ANACS to remove PVC, debris, glue, stains, hazing, and other easily removed and distracting flaws from your submitted coin."
Fingerprints would likely fall under something they could easily remove.
I have previously asked ANACS about the conservation service for physical cryptocurrency coins, and its something that they do not do. But with no additional reasoning behind it ... I assumed due to the risk of damaging to holo / key, but thats just my best guess
Do fingerprints affect the grade? I would assume so, but I'm curious. I have a stash of WDC Antaui's and the maker didn't wear gloves while putting them in the lock tight cases.
Most have one or two finger prints. How can I expect this to affect the grade? Thanks guys.
Most have one or two finger prints. How can I expect this to affect the grade? Thanks guys.
ANACS offers a conservation service: "Choose this service to allow ANACS to remove PVC, debris, glue, stains, hazing, and other easily removed and distracting flaws from your submitted coin."
Fingerprints would likely fall under something they could easily remove.
I'm wondering if anyone has ever had a coin graded which did not receive an MS rating? I suspect not but would be interested to know. I cannot see why it would be sensible to grade a damaged crypto-coin unless it was extremely rare.
An AU graded coin might fetch a nice premium considering none seem to exist.
I'm wondering if anyone has ever had a coin graded which did not receive an MS rating? I suspect not but would be interested to know. I cannot see why it would be sensible to grade a damaged crypto-coin unless it was extremely rare.
Do fingerprints affect the grade? I would assume so, but I'm curious. I have a stash of WDC Antaui's and the maker didn't wear gloves while putting them in the lock tight cases.
Most have one or two finger prints. How can I expect this to affect the grade? Thanks guys.
Most have one or two finger prints. How can I expect this to affect the grade? Thanks guys.
Just saw this:
http://www.anacs.com/contentPages/Specials/CotM_Special.aspx
$30 off (min 10 coins submission)
http://www.anacs.com/contentPages/Specials/CotM_Special.aspx
$30 off (min 10 coins submission)
Out of interest, other than ANACS and CGS, are there any other graders that will accept and grade crypto-currency?
ICG
You can send the coins in air tites, and if you already have them in air tites then it is probably best if you keep them in them because if you remove them you are risking that you somehow damage the coins (even if you take precautions, use velvet gloves, etc). If you do send the coins in air tites then you will not get them back when ANACS sends back your coins
Out of interest, other than ANACS and CGS, are there any other graders that will accept and grade crypto-currency?
Every coin I have ever had graded has got the silver sticker on
Have a look at
http://www.anacs.bounce.so/coins.php
Look at the coins I posted the ANACS references of before
4908284 - 4908287
They were all ANACS imaged (costs $3 a coin)
On their rears they have the silver "AUTHENTICATED" sticker
Have a look at
http://www.anacs.bounce.so/coins.php
Look at the coins I posted the ANACS references of before
4908284 - 4908287
They were all ANACS imaged (costs $3 a coin)
On their rears they have the silver "AUTHENTICATED" sticker
AUTHENTICATED, That's what I meant. Not VERIFIED.
Are you saying that you received the AUTHENTICATED sticker on your coins without paying the verification fee? I hope it's the case. I've always been unclear as to what the "Variety Attribution Verification & Errors" $7 fee was for. I asked once in an email, but they never answered me. I've been paying it on my submission form as instructed by a member here, but I have no clue what I'm paying for. Does anyone have a clear answer on this?
Regards,
Christopher
The $7 fee is to print the first bits on the slab. Every slab from ANACS gets that sticker on it to prove it is a real slab from them.
Every coin I have ever had graded has got the silver sticker on
Have a look at
http://www.anacs.bounce.so/coins.php
Look at the coins I posted the ANACS references of before
4908284 - 4908287
They were all ANACS imaged (costs $3 a coin)
On their rears they have the silver "AUTHENTICATED" sticker
Have a look at
http://www.anacs.bounce.so/coins.php
Look at the coins I posted the ANACS references of before
4908284 - 4908287
They were all ANACS imaged (costs $3 a coin)
On their rears they have the silver "AUTHENTICATED" sticker
AUTHENTICATED, That's what I meant. Not VERIFIED.
Are you saying that you received the AUTHENTICATED sticker on your coins without paying the verification fee? I hope it's the case. I've always been unclear as to what the "Variety Attribution Verification & Errors" $7 fee was for. I asked once in an email, but they never answered me. I've been paying it on my submission form as instructed by a member here, but I have no clue what I'm paying for. Does anyone have a clear answer on this?
Regards,
Christopher
I guess everyone should get a last batch sent off before the new form hits.
Is it worth it to pay the $7 for verification per round? If we don't add that option, will the label include less info?
Is it worth it to pay the $7 for verification per round? If we don't add that option, will the label include less info?
The verification fee covers the cost of printing the first bits onto the slab - you need to do it. Yes I am going to be sending out a batch before they enforce it ASAP.
Here is an example form (.pdf) https://www.dropbox.com/s/mkcwqcr9cgi18ez/Example_Submissionform.pdf?dl=0
ANACS calls the first bits the serial #
Doesn't the fee also include the shiny silver holographic "VERIFIED" sticker on the back? It might not mean much, but it looks very official, and it may help persuade some potential buyers / collectors who are on the fence.
Regards,
Christopher
Every coin I have ever had graded has got the silver sticker on
Have a look at
http://www.anacs.bounce.so/coins.php
Look at the coins I posted the ANACS references of before
4908284 - 4908287
They were all ANACS imaged (costs $3 a coin)
On their rears they have the silver "AUTHENTICATED" sticker
The golden standard is ANACS and we should obviously stick with that. ANACS was cool enough to accept our coins + the UK scale is totally different. Monkey can you make the grading thread for these guys? If any of my input is needed I will contribute, but I lack the ambition to get it going - lol.
Yep, will do at some point fairly soon.
But need to get some other bits done first of higher priority (like selling some of the coins that have been graded !)
I guess everyone should get a last batch sent off before the new form hits.
Is it worth it to pay the $7 for verification per round? If we don't add that option, will the label include less info?
Is it worth it to pay the $7 for verification per round? If we don't add that option, will the label include less info?
The verification fee covers the cost of printing the first bits onto the slab - you need to do it. Yes I am going to be sending out a batch before they enforce it ASAP.
Here is an example form (.pdf) https://www.dropbox.com/s/mkcwqcr9cgi18ez/Example_Submissionform.pdf?dl=0
ANACS calls the first bits the serial #
Doesn't the fee also include the shiny silver holographic "VERIFIED" sticker on the back? It might not mean much, but it looks very official, and it may help persuade some potential buyers / collectors who are on the fence.
Regards,
Christopher
I have coins that have been graded by both
I also have coins that have been graded by CGS and then those same coins cross graded by ANACS
I will post up a comparison of the cross grades in a sales thread, and I would be selling both CGS graded coins, and the cross graded coins (plus some coins just graded by ANACS). Be interesting to see what the market makes of them.
I also have coins that have been graded by CGS and then those same coins cross graded by ANACS
I will post up a comparison of the cross grades in a sales thread, and I would be selling both CGS graded coins, and the cross graded coins (plus some coins just graded by ANACS). Be interesting to see what the market makes of them.
CGS have their own grading system which ranges from 1 to 100. Doesn't that make comparisons with ANACS difficult?
Their website says: "Surprisingly there is no universally accepted bench mark standards for the grading of English coins, by this we mean there is no universally recognized independent publication giving bench marks for the grading of English coins. The broad terms in use (see below) Very Good, Fine, Very Fine, Extremely Fine, and Uncirculated although broadly consistent in the main body of the professional UK dealer and bigger auction houses, are subject to the individual “subjective” opinion of the grader at the time based on his experiences and paradigms. To our knowledge no one refers to any accepted universal guide (as none exists) or retains sets of coins to refer to for consistencies sake. How then has grading been done? Basically the grader looked at a coin and decided based on his experience and memory what grade it is, if he is not sure then a plethora of middle grade attachments and riders are introduced such as about Uncirculated, near to Very Fine, approaching EF, better than Fine, Good Very Fine, BU, Gem, Choice we could go on it seems almost endlessly. The CGS UK system arrives at a numeric grade between 1 and 100 with 100 being absolute perfection. It is not our intention to replace the traditional grading terminology (listed below) but it can easily be argued that once a numerical grade is attached the need for some additional narrative description is superfluous. However CGS UK numerical system will broadly translate as follows."
They then have a table which compares their grades and Sheldon grades.
This is the result of the 4 coin cross grading I did. It is exactly because ANACS has a 70 scale, and CGS has a 100 scale, that I felt it needed to be done to try and have some yard stick to draw a comparison from (and as we know even between grading orgs that use the 70 scale, they still differ between them)
Coin manufacturer BTC face value Manuf. Date Series Metal Coin Public key CGS Grade CGS Reference ANACS Grade ANACS Reference
Casascius 0.1 2013 3 Silver 1AgzMWdZ 96 34734 68 4908286
Casascius 0.1 2013 3 Silver 1AgzZrqz 97 33409 68 4908287
Casascius 0.1 2013 3 Silver 1AgzAJSA 97 34735 68 4908285
Casascius 0.1 2013 3 Silver 1AgzNtiP 98 34737 69 4908284
I will get this sales thread up over the weekend, or early next week. I have pics of each coin before in the CGS slabs, and after in the ANACS slabs. Just need to get the time to organise everything so that it can be displayed and interpreted
Effectively what the table says is that the equivalent grades, on this sample of 4 coins were
CGS Grade ANACS Grade
96 68
97 68
97 68
98 69
Obviously isnt gonna be an exact transposition each time, but it certainly shines some light on it
The golden standard is ANACS and we should obviously stick with that. ANACS was cool enough to accept our coins + the UK scale is totally different. Monkey can you make the grading thread for these guys? If any of my input is needed I will contribute, but I lack the ambition to get it going - lol.
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