Topic: Grading Coins - A Few Basic Questions. - page 2. (Read 3772 times)

More or less the same way any other coin can be graded.

See: http://www.anacs.com/PDFFiles/ANACS_Brochure.pdf which explains how ANACS grades coins.

How can a crypto coin be graded ? Please provide information on this topic.

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.

I submit batches of 40 coins at a time ... not just to spread out the shipping fees

I cant tell you any levels of discount  , but I dont get the discount with smaller batches

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.

Future grading .... it would depend on demand. Likleyhood is that ANACS have become the defacto standard here. Thats why I did the cross grading, to show how the CGS graded coins compare, so that when selling / buying CGS graded coins, folks had a direct comparison with the ANACS graded coins out there. Obviously couldnt be a guarantee of the grading a CGS coin would recieve with ANACS if cross graded, but would be a good indicator of the quality of the coin to assist a sale, and provide reassurance for a buyer.

BUT ... if I had an ungraded coin, at this time, I would grade with ANACS, mainly because the community is more used to and can freely compare the ANACS coins.

How many coins does one generally need to submit to ANACS before they start to consider special/discounted rates?

A very quick response from ANACS

-Yes, we will include printing of first bits in the price of $19.  No need to add $7 attribution fee under this new tier. You will also notice there is not a minimum quantity.

-All physical cryptocurrencies are to be submitted under this new tier of service.  Modern and standard tiers are not applicable regardless of the view on tokens currently with or without digital currency.  It is cryptocurrency whether the private key is used or not.


-Any bulk rates should be discussed with ANACS directly.  The turnaround time is the same as the non-us standard tier, roughly 3-4 weeks.  $100 max value because we are grading the token in the condition it is in, not based on the digital currency.

-Customers are urged to use their best judgement regarding what is or isn’t appropriate to submit under this new tier.  We will review once the order is received and make adjustments if necessary.  I would direct them to Page 2 under Submitter Agreement on the left side.



So, hopefully that offers an improvement over $14 + $7 = $21 versus the $19, that will include attribution, and no need to get a batch of 5 together to recieve that rate. And provides clarification where needed.


I will keep an eye on the thread, and relay any further questions (and answers) to (and from) ANACS.

You are UK based. Would you use ANACS or Kent-based CGS?

Economy is normally 3 weeks

New prices add up when sending in bulk coins...


My last submission for an example - 5 x coins ($14 per coin + $7 per coin for first bits printed) = $21 per coin x 5 = $105 + shipping ($26) = $131


Now it will be 5 x coins ($19 per coin + $7 per coin for first bits printed) = $130 + return shipping ($26) = $156

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 #

What is the rough turnaround for about a dozen economy coins?

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?

Easy enough to declare them a lower value - I already do that to save on shipping. I want to know if they will honor "economy" still.. The only nice thing is that non economy is a lot faster for the turn around time.

I have emailled them the questions here, and will let you know any responses I get

This is a great question, and I'd love to know ANACS' answer. How do they define "cryptocurrency?"

Technically, even the popular Casascius coins are simply tokens. After all, once the BTC is redeemed, the Casascius is no longer a wallet, but a mere collectible token [with the potential to become a wallet someday].

I wonder how ANACS views this?

Regards,
Me

Is there a general price point per coin that you would not submit a coin due to the fees of grading/mailing/insuring??

$20 per coin plus shipping/insuring seems to be a little pricey (also now that it seems they removed the batch pricing)

So the new form says for physical cryptos the max value is $100 per coin......   
This low price point per coin seems that most of the cryptos we would want graded will be excluded.
What category to select then??

And if the category is "cryptocurrency" would this exclude any coin that does not have an area/recess for a private key??
since anything without this available to make a "wallet" would be considered a token??

Just some questions....

Thanks

You can submit cryptocoins of any value ... you just state a max value of $100 per coin as far as insurance cover goes

Have they removed the economy options for grading bulk batches? If so we getting jacked for an extra $5 per coin! Used to be batches of 5+ got it for $14 + $7 per coin...now it is $19 + $7?

I have just recieved a new grading form from ANACS. They wont be publishing it on their website for a week or 2, but they have given me the green light to share here. Its been talked about for a little while, but it has finally happened.

Its a bit special, in that they are recognising the physical crypto coins as their own distinct category on the submission forms. Thats a real step forward in my eyes ... mainstream here we come 

I cant let it pass without restating what a shame it is that ANACS will give us our own section, but the forum wont. (Mods, please take note)

I have put a copy of the form on PDFy
https://pdf.yt/d/vA7tlh6CBIvV23PJ
You can download, or print straight from there

The ANACS office manager has said
"They decided to go with the verbiage of “Physical Cryptocurrency” instead of “Private tokens and medals”, however these are the changes we discussed previously.  Max value of $100 per token. The only additional change is a max submission value for international orders of $5000.  Meaning the total value for the entire submission is capped at $5000 in insurance value."

Any discounted rates negotiated previously will also be honoured. But having a 'base rate' of $19 is also positive for submitting lower numbers of coins

Please feel free to use this, share this, and reference it in any other threads. Lets get this form out to those of us who do submit coins, return some of the faith that ANACS have placed in physical crypto.

It will be really interesting to see if given this change by ANACS, if any of the other big grading organisations take note, and reconsider their stance wrt cryptocoins


Matthew / Elianite
If you need any contacts in ANACS, or an intro, let me know


ALSO ....

If anyone in Europe needs any coins grading, I am happy to put in with the coins I ship there. The shipping there and back is the killer internationally, so needs to be spread between as many coins as possible (I do batches of 40 to spread the cost, whilst keeping risk down).
(Just PM me)

Happy to help, if you need a hand