Grading Coins - A Few Basic Questions. - page 3.

Blazed

legendary

Activity: 2128

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Quote from: minerjones on August 06, 2015, 07:45:57 PM

Quote from: ?? on ??

Hi there. I have acquired a few physical coins myself from different sources here, and am struggling with the ANACS paperwork. Can anyone suggest a thread or person who can help me out? I have the coins, the forms and blazedout419's example, but still need some help

Willing to pay some btc for help as well. Wink

Cheers and thanks for any help at all - As a newbie physical coin addict, i'm just anxious to get mine in for grading, but really don't want to f*** it up! Sad

This is a good idea.
I know I have a few coins I want to submit and need a little help with the forms/mailing.

A thread could be started......

I have actually provided this service multiple times in the past (people shipped me their coins). If you guys want the forms filled out I will help you with it. Send me a PM with the coins you are having graded and I will make you an example form.

Send me the following:

Coin Type / year / face value / your fiat value of the coin - Also some basic info for shipping (just either USA or not USA is all I need)

I will fill out a form for you.

I have started making my "how to grade crypto coin" thread - will post it soonish.

minerjones

legendary

Activity: 3206

Merit: 3596

Quote from: ?? on ??

Hi there. I have acquired a few physical coins myself from different sources here, and am struggling with the ANACS paperwork. Can anyone suggest a thread or person who can help me out? I have the coins, the forms and blazedout419's example, but still need some help

Willing to pay some btc for help as well. Wink

Cheers and thanks for any help at all - As a newbie physical coin addict, i'm just anxious to get mine in for grading, but really don't want to f*** it up! Sad

This is a good idea.
I know I have a few coins I want to submit and need a little help with the forms/mailing.

A thread could be started......

mrbrt

hero member

Activity: 707

Merit: 500

Does anyone pay for the $29 (flat fee per submission form) ANACS conservation option? Wondering if this is worth it or not.

BitcoinPenny

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BitcoinPenny.com

Quote from: Blazed on August 05, 2015, 08:20:54 AM

Sorry I keep meaning to do this for the community, but always forget too. I have talked with ANACS and they agreed to answer questions we had for them. I will make the thread this evening and lay it all out about grading.

Really looking forward to this. Thanks, Blazed!

Regards,
Christopher

Blazed

legendary

Activity: 2128

Merit: 1119

Quote from: m_rippon on August 05, 2015, 03:59:46 PM

Quote from: Possum577 on August 05, 2015, 01:18:25 AM

Some people swear that the hologram - it's condition, alignment on the coin, and the first bits alignment on the hologram (e.g., many on Casascius coins are crooked) - is not considered as part of the grade. I'm not convinced, given that these coins are rarely circulated so most would have a very high and same grade if not for variances in the hologram.

Maybe you could try to interview someone from ANACS to get a real understanding of how crypto-coin grading is perceived and conducted.

ANACS have an interesting Guide which explains how they grade coins. Of course, they do not mention anything about crypto-currency or holograms! They do state that, typically, the obverse of the coin is less important than the front. I suspect that this model cannot work for physical bitcoin since the front is not superior to the back.

Here is the Guide: http://www.anacs.com/PDFFiles/ANACS_Brochure.pdf (30 MB).

As I read the Guide, I thought that speaking with someone from ANACS would be useful. It's a great idea and I'll do it.

I know for a fact that the hologram only comes into play if it has been removed. The grades depend strictly on the coin strike.

m_rippon

newbie

Activity: 17

Merit: 0

Quote from: Possum577 on August 05, 2015, 01:18:25 AM

Some people swear that the hologram - it's condition, alignment on the coin, and the first bits alignment on the hologram (e.g., many on Casascius coins are crooked) - is not considered as part of the grade. I'm not convinced, given that these coins are rarely circulated so most would have a very high and same grade if not for variances in the hologram.

Maybe you could try to interview someone from ANACS to get a real understanding of how crypto-coin grading is perceived and conducted.

ANACS have an interesting Guide which explains how they grade coins. Of course, they do not mention anything about crypto-currency or holograms! They do state that, typically, the obverse of the coin is less important than the front. I suspect that this model cannot work for physical bitcoin since the front is not superior to the back.

Here is the Guide: http://www.anacs.com/PDFFiles/ANACS_Brochure.pdf (30 MB).

As I read the Guide, I thought that speaking with someone from ANACS would be useful. It's a great idea and I'll do it.

Blazed

legendary

Activity: 2128

Merit: 1119

Sorry I keep meaning to do this for the community, but always forget too. I have talked with ANACS and they agreed to answer questions we had for them. I will make the thread this evening and lay it all out about grading.

elianite

legendary

Activity: 1401

Merit: 1143

The Cryptonumist

Quote from: Possum577 on August 05, 2015, 01:18:25 AM

Quote from: m_rippon on July 27, 2015, 08:52:32 AM

I have a few questions for those who are knowledgeable about the grading process.

Which companies grade crypto-coins? ANACS does and CGS in the UK but who else?

Maybe you could try to interview someone from ANACS to get a real understanding of how crypto-coin grading is perceived and conducted.

This would be excellent

Possum577

sr. member

Activity: 434

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Loose lips sink sigs!

Quote from: m_rippon on July 27, 2015, 08:52:32 AM

I have a few questions for those who are knowledgeable about the grading process.

Which companies grade crypto-coins? ANACS does and CGS in the UK but who else?

ANACS is in the US. And to my knowledge your list is correct. The challenge though is that ANACS is seen as a less reputable coin grading firm (although it's one of the oldest) compared to the others out there. I guess it doesn't matter much when they're one of two firms doing grading, or maybe their willingness to grade any crypto-coin reinforces the "less reputable" perception.

Some people swear that the hologram - it's condition, alignment on the coin, and the first bits alignment on the hologram (e.g., many on Casascius coins are crooked) - is not considered as part of the grade. I'm not convinced, given that these coins are rarely circulated so most would have a very high and same grade if not for variances in the hologram.

Maybe you could try to interview someone from ANACS to get a real understanding of how crypto-coin grading is perceived and conducted.

Good luck with the crypto-coin book!

Pistachio

legendary

Activity: 1470

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ICG will grade these and a blind comparison showed that ANACS was comparable within 1 or 2 grades of ICG. I find ICG to be more consistent than ANACS (albeit on the higher end). Others here may disagree.

http://postimg.org/image/km5r29i2l/
http://postimg.org/image/wmr72zph9/
I can provide better pictures if needed.

gentlemand

legendary

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Welt Am Draht

Quote from: m_rippon on July 27, 2015, 08:52:32 AM

What difference does the grade make to the re-sale price? For example, what
would a rise from MS-63 to MS-66 achieve? Or from MS-67 to MS-68. Would a
Casascius MS-70 sell for vastly more than an MS-69?

Is it possible to receive an MS-70 grade?

ANACS seems to have become the accepted standard for physical coins. I have a few and wouldn't bother getting them graded elsewhere.

I guess it's the comparative rarity of the super high grades that drives the price rather than the grades themselves. 1 BTC silver coins with MS68 or above seem to have sold for a big percentage higher than the 65/66 coins have.

elianite

legendary

Activity: 1401

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The Cryptonumist

Quote from: m_rippon on July 27, 2015, 08:52:32 AM

Matthew

I'de like to formally introduce Matthew Rippon.

He is a Department Member of the Queens University of London, and is co-authoring the book which I am currently working on with him.

Mr. Rippon has gained a great interest in the physical crypto coin phenomenon, and contacted me to conduct an interview for an article he was writing for the International Journal of Entrepreneurship and Innovation. I have since had many discussions with him about the subject, to the point that he accepted my invitation to co-author the book which is an extension of my first work; The Casascius Guide.

As an up and coming academic, he has been conducting a thorough analysis of everything involving physical crypto coins, and will no doubt be asking many questions. With Matthew's, the book is being transformed from a simple catalogue to an intriguing work analysing the ideas, values, culture, and community behind the physical crypto coin phenomena and forming various theories about it.

Please, take a look at the book's sale thread at https://bitcointalksearch.org/topic/paperback-encyclopedia-of-physical-bitcoins-and-crypto-currencies-1022071
Up to 100 physical copies will be printed, numbered, signed, and shipped to those with a reserved pre-order!

I'm sure everyone will find Matthew highly interesting to discuss the subject with.

TookDk

legendary

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One coin to rule them all

Quote from: m_rippon on July 27, 2015, 08:52:32 AM

Would people grade coins from, say, Crypto Imperator or Microsoul?

ANACS will grade almost anything, including Crypto Imperator and Microsoul:

My sales thread:
https://bitcointalksearch.org/topic/closed-casascius-lealana-cryptoimperator-vericoin-maxcoin-antaui-1120743

Quickseller

copper member

Activity: 2996

Merit: 2374

Quote from: m_rippon on July 27, 2015, 08:52:32 AM

I have a few questions for those who are knowledgeable about the grading process.

Which companies grade crypto-coins? ANACS does and CGS in the UK but who else?

AFAIK, they are the only reputable companies that will grade physical crypto coins. You should get it graded by ANACS though as they are much more reputable.

Quote

I understand that PCGS and ICG have refused to grade crypto-coins. Did they provide a rationale?

No clue. Blazedout419 probably knows.

I know that Mitchell sent emails to both last week and my understanding was essentially that they do not grade those coins.

Quote

Would you be suspicious if a Casascius coin came up for re-sale and had not been graded?

No however it would be possible that it would be a fake and the buyer may give additional scrutiny.

Quote

What difference does the grade make to the re-sale price? For example, what
would a rise from MS-63 to MS-66 achieve? Or from MS-67 to MS-68. Would a
Casascius MS-70 sell for vastly more than an MS-69?

A higher grade means the coin is in better condition. Better condition coins would naturally be in higher demand and coins become more rare as their condition approaches perfect condition (lower supply). Basic economics would imply that this mean prices would increase as the grade increases.

Quote

Is it possible to receive an MS-70 grade?

Thanks!

Matthew

Yes, however AFAIK no casascius coins have ever gotten a MS70 grade. I know that a lot of OgNasty's nasty fans coins have gotten very high grades, several MS68 and MS69 I believe. I would not be surprised if a MS70 pops up sometime.

m_rippon

newbie

Activity: 17

Merit: 0

I have a few questions for those who are knowledgeable about the grading process.

Which companies grade crypto-coins? ANACS does and CGS in the UK but who else?

I understand that PCGS and ICG have refused to grade crypto-coins. Did they provide a rationale?

Would people grade coins from, say, Crypto Imperator or Microsoul?

Would you be suspicious if a Casascius coin came up for re-sale and had not been graded?

What difference does the grade make to the re-sale price? For example, what
would a rise from MS-63 to MS-66 achieve? Or from MS-67 to MS-68. Would a
Casascius MS-70 sell for vastly more than an MS-69?

Is it possible to receive an MS-70 grade?

Thanks!

Matthew

Topic: Grading Coins - A Few Basic Questions. - page 3. (Read 3787 times)