Grading Coins - A Few Basic Questions.

[Blazed]

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.

[1714680356]

1714680356

[1714680356]

1714680356

[Pistachio]

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?

[mrbrt]

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.

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

[Blazed]

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?

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 #

[Blazed]

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.

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

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

[m_rippon]

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

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

[monkeynuts]

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.
<ie applies to funded and unfunded coins>

-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.

[Quickseller]

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

[monkeynuts]

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

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

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.

[monkeynuts]

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

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

[m_rippon]

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.

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.

[abhishekthakur]

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

[m_rippon]

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

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.

[Blazed]

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.

[monkeynuts]

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.

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

[BitcoinPenny]

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?

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

[monkeynuts]

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 !)

[monkeynuts]

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?

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

[BitcoinPenny]

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

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

[Blazed]

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

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.