Bid it to the moon then! If I were bidding I would drop a crazy high bid to show everyone who is boss  Well, would like to have it, but the 0.1 Cas is higher on my want list at the moment. Of course I'll probably only be able to find a 0.1 in one of those terrible old yellow insert holders and not one of the ultra-rare greenies.  |
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~
These slabs will be rare since we are telling ANACS to get fucked so you best get one for history's sake! Note the amazing hologram ANACS placed on this slab...the precision is simply amazing.
This is one of the best Auction intro I came across so far! Made me chuckle!  I tend to agree and nevertheless rare item. Ha! My thoughts exactly. Considering bidding just because I was so entertained by that ANACS hate. |
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ANACS has also reminded me why I hate USPS Registered Mail. Takes half a century for a package to go from one coast of the USA to the other.  |
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Yeah.....not sure what might have caused them to do that. Still, they have conducted themselves horribly over the last few months. I wouldn't be shocked if they up and decided to stop accepting crypto submissions altogether. Which is fine with me since I will never send another coin to them. |
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That is funny. I don't have a Twitter account or otherwise I'd be piling on too!!
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Thoughts on what these go for now?
These come up for sale so infrequently that the only thing you can do is put it out for auction and see what the market says it is worth. |
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At least they didn't sweep any of the coins
You mean peel and sweep. That has been a worry that they at some point will have a rougue employee who who wait for a good "batch" to come in and hit it hard. Sounds paranoid but this exists for any company you send a coin to. Just takes one dopehead to get his hands on a couple hundred thousands of dollars to wipe out your stack How about not using any coin grading service at all as long as you have eye(s). Anacs altered their grading behavior in the past which sucks in addition. There are a lot of reasons to want to slab cryptocoins, as much as any other type of coin. I think what most are upset about is that we had a nice thing going with ANACS until they decided to alter the process to the degree they have. Granted, not perfect, but it was tolerable. Now they've tanked the whole program for us. So at this point there is either the ICG option or keeping them raw. So I guess collectors will choose one or the other at this point. |
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It's pretty terrible. No two ways about it. Hoping ICG doesn't get the same idea about bastardizing their label with some dumb disclaimer that likely offers them no real legal protection anyway.
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Unreal. Ugly as hell. Not to mention that they practically put a glowing neon sign on these placing doubt in the mind of anyone considering purchasing a physical crypto that the digital value might not actually be on the coin. If they gave me a choice, I would have just had them return them raw rather than put them in these monstrosities. Thanks ANACS. |
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I like MJ's idea of "walking down the street" to one of the two and asking nicely..worth a shot right?
See the other thread about this subject. Highly unlikely that PCGS or NGC will every grade cryptos. |
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So what is everyone's thoughts on using ICGS? I just think it is a step backwards from ANACS and even ANACS is bottom of the barrel. I really prefer my coins slabbed because they are easier to manage and look consistent rather than 10 different types of air-tites etc... Part of me says we were getting a good deal with ANACS, but the way they handled this change was bullshit. I think we as a community should decide to either:
1) Boycott ANACS and let them know (not that they will really care)
2) Keep using ANACS and suck it up
3) Use ICGS
4) Just leave them in air-tites and continue hating on ANACS
5) ?!?!
I am going to try icgs for the time being. I refuse to go back to ANACs after the way we were just treated. Same. While I would never say "never", the way ANACS handled this was terrible. So bad that at one point I thought they were exit scamming the 3PG industry altogether. Just ridiculous really. They would need to have make a huge overture to the community and rethink their new pricing structure. Also, how hard is it in this day and age to have a decent looking website? They look like they are still using a Frontpage template from the 90's. Lastly, as I understood it from the person I spoke to at ANACS, all that was changing about he slabs was the labels and not the slabs themselves. Was anyone else under the impression that they were changing the entire slab? I guess we will find out shortly one way or another. I will be trying ICG as well for the next round and see how that goes. |
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Funny, we keep saying "someone should do X, or someone should do Y". I have a feeling we are really just talking about one of us on this board.  A price guide of some sort would be cool. Maybe a site that just tracks eBay sold auctions. There was a site like that for collectibles back in the day. And comic books have an online real-time price guide of some sort. |
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It seems part of the issue here are potential grading fees being too low, considering the insurance requirements etc for high-value items.
Would it make sense for a crypto-grading service to charge a percentage of face value? It would allow cheaper items to be graded while still budgeting for necessary security regarding funded items.
Would you pay more if you could get what you want?
Since values change drastically all the time, I would say that charging based upon value doesn't work. However, you could have a pricing matrix based upon a sliding value scale as declared by the submitter for insurance purposes. Again, this is assuming that we are talking about NGC or PCGS. I would not pay any sort of premium to ANACS or ICG. |
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I've always had a good experience with ICG on my regular coin submissions. Haven't tried any cryptos yet, but will be in the future. $29 is total BS for ANACS to be charging.
I agree that ANACS sucks and is considered #3 grading wise after PCGS and NGC. I think it sucks to move from the 3rd best to the 4th best service though. Why even bother grading these if the name on the slab is considered crap? I only graded coins in the past for higher resale values (buy the coin sell the slab). Personally, I am done grading these coins until PCGS or NGC starts accepting them. I think we should really reach out to them and see what it takes for them to grade for us.
Also, while the premium is nice for slabbed coins, I primarily send cryptos in to be graded for the presentation and storage value. Also, slabbing coins in any holder (ICG or ANACS) potentially extends the life of the holograms by being less exposed to the elements. Just another thought to consider. |
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I think that convincing NGC or PCGS to grade cryptos will be a real uphill battle. First off, the potential legal risk of authenticating cryptos would be enough to scare away any company. In fact I'm half surprised that ANACS and ICG even do it given that they have no idea of whether or not these coins are truly funded and that the private keys under the holos are even authentic, or match the public address.
2nd, the market just isn't big enough for the risk. Even if PCGS graded 1000 coins per year at $20 per coin, it's not worth the potential insurance risk of grading and guaranteeing these. So I just don't see it happening, because frankly they don't need the money or the headache.
ANACS and ICG need the business and therefore are willing to take more of a risk.
Just my 2 cents.
Very good assessment of the situation, plus Merit for you! They grade 10,000+ chinese pandas and morgan dollars a month, they don't need the headache and risk of a few 1000 crypto coins per year. Thanks. Another thing is that both NGC and PCGS are publically traded companies, so they could have potential regulation issues now or in the future related to cryptos. No good for the stock price!! I take no pleasure from saying this either, because I would love for either, or both NGC and PCGS to slab some cryptos. Hell, I'd send in all of my ANACS for crossovers straight away. |
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I think that convincing NGC or PCGS to grade cryptos will be a real uphill battle. First off, the potential legal risk of authenticating cryptos would be enough to scare away any company. In fact I'm half surprised that ANACS and ICG even do it given that they have no idea of whether or not these coins are truly funded and that the private keys under the holos are even authentic, or match the public address.
2nd, the market just isn't big enough for the risk. Even if PCGS graded 1000 coins per year at $20 per coin, it's not worth the potential insurance risk of grading and guaranteeing these. So I just don't see it happening, because frankly they don't need the money or the headache.
ANACS and ICG need the business and therefore are willing to take more of a risk.
Just my 2 cents.
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