Anacs undergoing a PROCEDURE CHANGE

[ChiBitCTy]

ANACS reminds me of Ford pre-2008. They looked boxy and were cheap and they suffered until they changed.

  LOL Chi!  That is so true. And that is why we need one of our own to do our own grading.

  Before I became a Crypto coin collector I also collected stamps for 30 years.

  In the stamp collecting hobby we also have to main stamp certification services in the USA. The Philatelic Foundation and The American Philaelic Society.

 Two very important certification services. However they were not the only ones. You also had many individual persons highly respected in the stamp community

 that specialized in certain countries or area of Philately. Believe it or not, the established two sought out their advice when it came to certifying stamps that fell within their expertise

  The same can apply to us! We need one of our own who is highly respected in this forum and has the knowledge to start grading our coins.

  I will not mention names, but I have reached out to one that I can think can be the bearer of this torch! And I am sure many in this community have the same person in mind.

  

I think we might be blazing our minds out trying to figure out who that might be

Lol ..I have been spending all night trying to figure out who that person might be . My guy Krogo is always on point but I especially love this idea. Just throwing my 2 satoshis out there.

[1714111629]

1714111629

[monkeynuts]

This whole thing pisses me off. ANACS handling this poorly it seems

As far as I am concerned there isnt a change. They havent put this on their website, and the submission form is still the same

I am gonna use that form, and send a batch in as quick as I can (this weekend), and then argue like a MoFo if they try and hoof the price up once they already have them

Until they advertise it, or change the form it hasnt happened. I dont believe they have the right to charge more until they do.


I can however sympathise with them. The logistics of securing and shipping a single 25 BTC cas, or a roll of gilt 1 BTCs are very different than they were a few years ago. From a risk / reward perspective it probably doesnt add up. (The same reason we keep coins in a bank vault rather than at home)


As for a new starter becoming a grading authority, thats a tricky one. Reputation is one thing and there are a number here who have the experience (to grade consistently, and know what they are grading) and trust (reputation of being trustworthy, and to be impartial and grade the coin, rather than who submitted it). The same issue still comes back for securing and shipping, ie insurance, or more likely lack of it. Someone needs to accept(or not) the risk of the coins in transit, or at the grading location. If adequate insurance wont cover it, then terms and conditions would need to be clear, who holds the risks, and what would happen under the circumstances of fire / flood / theft /  loss.

The ANACS coin show model works best. No shipping, no coins at a graders for weeks on end.

I think a mobile grading service could have legs. ie ship the grader, not the coins.

[Blazed]

I emailed ANACS and asked what is up with these delays and here is the response I got:


Thank you for contacting us. While there is a delay in the service, the program has not been suspended. We are currently updating our label and procedures to make sure our submitters and the secondary market better understands what the ANACS cryptocurrency service includes. I expect we will be back to a normal operating schedule very soon.

Please let us know if you need anything else,

Paul A. DeFelice, Vice President
Marketing and Client Relations



I do know one of the top guys over there and will be sending him an email shortly to get better info...

[Blazed]

I emailed ANACS and asked what is up with these delays and here is the response I got:


Thank you for contacting us. While there is a delay in the service, the program has not been suspended. We are currently updating our label and procedures to make sure our submitters and the secondary market better understands what the ANACS cryptocurrency service includes. I expect we will be back to a normal operating schedule very soon.

Please let us know if you need anything else,

Paul A. DeFelice, Vice President
Marketing and Client Relations



I do know one of the top guys over there and will be sending him an email shortly to get better info...

I would have expected a better answer considering the amount of coins we grade with this company.
Hopefully this is straightened out soon!!

I emailed Andrew and will see what he has to say.

[monkeynuts]

Andrew is usually spot on

It does seem like the left hand doesnt know what the right hand is doing over there. Lots of different answers 

[Blazed]

Got a reply from them...

Thank you for reaching out.  Paul’s statement is accurate and the best information I have available.  I do know that discounted submissions will be renegotiated, but to what extent I do not know yet.  We should be back on track soon, I saw a Proof of the new label last week!





Sounds like they have a special crypto label coming and some price changes.

[digicoinuser]

Have they given an explanation to "what the ANACS cryptocurrency service includes" or is that expected to come out when they finalize their new terms?

We are currently updating our label and procedures to make sure our submitters and the secondary market better understands what the ANACS cryptocurrency service includes.

[Blazed]

Have they given an explanation to "what the ANACS cryptocurrency service includes" or is that expected to come out when they finalize their new terms?

We are currently updating our label and procedures to make sure our submitters and the secondary market better understands what the ANACS cryptocurrency service includes.

He wouldn't give it up to me. I assume they are still finalizing the new setup and probably do not know 100%. My guess is crypto gets a special label from now on to make them look different than regular slabs. The old slabs are now more rare so lets pump those premiums ASAP.

[wheelz1200]

Have they given an explanation to "what the ANACS cryptocurrency service includes" or is that expected to come out when they finalize their new terms?

We are currently updating our label and procedures to make sure our submitters and the secondary market better understands what the ANACS cryptocurrency service includes.

He wouldn't give it up to me. I assume they are still finalizing the new setup and probably do not know 100%. My guess is crypto gets a special label from now on to make them look different than regular slabs. The old slabs are now more rare so lets pump those premiums ASAP.

Pre btc gold fork, post bcash fork, pre crypto slab ANACS graded ms 67 loaded coins coming soon

[Lesbian Cow]

As if the forks weren't making pricing these coins hard enough! 

WritingG123 will argue it makes the most sense to crack the slab, peel the coin, and sell the label....

[Fattcatt]

....is everyone having fun yet?

[Fattcatt]

Anacs are a bunch of money grubbers. We need to BOYCOTT ANACS.
Especially if all we get for triple the money is a different colored insert. Time will tell all.

[elianite]

Agreed. Someone with years of coin collecting/grading experience + crypto collectible experience should start a small company to fill this niche. I'd use the service.

Regards,
Chris

Lets make it an ICO.. First decentralized / semi-decentralized coin grading service.
Utility Token: Each token is good for one coin grading.

Thoughts?

[Zeroxal]

Agreed. Someone with years of coin collecting/grading experience + crypto collectible experience should start a small company to fill this niche. I'd use the service.

Regards,
Chris

Lets make it an ICO.. First decentralized / semi-decentralized coin grading service.
Utility Token: Each token is good for one coin grading.

Thoughts?

It's not a problem of money but human resources. We need to find someone trustable in the grading field first.

[monkeynuts]

My thoughts are some form of partnership / cooperative

At least 1 grader US, 1 grader europe. May need more depending on volume / geographical demand (as many collectors are not US or European)

Hi res imaging mandatory / part of the service (to ensure consistency from day 1)

Possible DB or tracking of custody (and capacity to continue chain of custody there after), as well as the watermarked images

Proper population reports by each coin type / grade

Difficulty comes in the volume of coins needed to justify a grader traveling, per grading batch

Only alternate is using coin shows / crypto events and run a 'bring and grade' service (but then security could be a concern)

[Fattcatt]

I agree with MN, there needs to be a US based & another over the pond. Both under the same umbrella of rules, costs, etc.....consistency.

[Blazed]

There simply is not enough volume of coins to get something like this off of the ground. I suppose we could find some coin experts and make it a part time side thing for them. I do know a guy who is very into these coins and is also a rare coins dealer in the USA. I will point him to this thread and see what he thinks.

[Fattcatt]

Yeah, we're open to hearing what he has to say    Thanks Blazed

[johnny211]

Any estimates as to how many crypto-style coins get graded yearly?

my 2 cents as a systems guy new to this stuff:

monkeynuts thinking regarding how to achieve objective consistency should help enable a sustainable model even if based on several geodistributed part-timers. can more be done to this end? Consistency would seem to be one of the more important qualities.

The post-grading value-added stuff like CoC-tracking / population db's etc. should also help motivate a resonable fee level especially considering the value it would provide over time.

[Fattcatt]

Any estimates would be screwed up due to coins being regraded. Anacs hasn't been the best at "consistency" in the past.... there's so many kinds and new makers every other week it seems.