[WARNING] Grading Redeemed Coins

[Kryptowerk]

Coins are always submitted in plastic flips... they hold the coin pretty snug/securely inside
Zero idea/reason why the coin and hologram would have been removed before they got to the grader.

My guess is a new employee who thought it was trash and just threw it away. This is the sort of thing that screams diversity and inclusion in the workplace to me. I know, I know. Terrible person. I doubt this happens if the employee has ever graded a coin with a hologram before.

I have the opposite opinion. I think the person who submitted it for grading believed it contained the 25 BTC, so they completely removed the hologram in an attempt to access those bitcoins. Unfortunately, it’s absolutely crazy that something like this could happen.

If that would truly be the case it would be even more insane. My first guess would be just someone trying to clean up things or maybe some part of the holo just detached by itself.

Does anyone know how stable the first bits part is sticking to the coin usually?
Super weird situation, especially when the first bits are written on the slab... what the f happened?

[2stout]

Coins are always submitted in plastic flips... they hold the coin pretty snug/securely inside
Zero idea/reason why the coin and hologram would have been removed before they got to the grader.

My guess is a new employee who thought it was trash and just threw it away. This is the sort of thing that screams diversity and inclusion in the workplace to me. I know, I know. Terrible person. I doubt this happens if the employee has ever graded a coin with a hologram before.

This sort of comment screams ignorance.  If anything, you make the argument for inexperience, which has nothing to do with diversity and inclusion and has more to do with a business wanting to increase profit by keeping labor costs lower.  Also, Florida has laws against the 2 things you mention and enforces them.  NGC is in Florida.

[MoparMiningLLC]

Coins are always submitted in plastic flips... they hold the coin pretty snug/securely inside
Zero idea/reason why the coin and hologram would have been removed before they got to the grader.

My guess is a new employee who thought it was trash and just threw it away. This is the sort of thing that screams diversity and inclusion in the workplace to me. I know, I know. Terrible person. I doubt this happens if the employee has ever graded a coin with a hologram before.

I have the opposite opinion. I think the person who submitted it for grading believed it contained the 25 BTC, so they completely removed the hologram in an attempt to access those bitcoins. Unfortunately, it’s absolutely crazy that something like this could happen.

minerjones is the one who submitted it - and he bought it peeled. believe that was covered in the OP

[philipma1957]

I recently bought a redeemed Casascius 25 BTC coin to add to my collection.

It came with the hologram still "attached" to where it still stuck to the coin when out of the capsule

I sent it into NGC to be graded and they sent it back with no hologram.... yet there are still first-bits on the slab.

Now how can a coin with no hologram have first bits?

NGC claims it might have not been included or lost and will not reimburse me due to their "Fragile Coin" policy.


BEFORE GRADING:



AFTER GRADING:

i would argue they swapped the coin. it has nothing to do with the coin you sent.

i would tell them it is not that they damaged a fragile piece of the original coin it is that they swapped it with a different coin.

[Steeley]

the markers look like they match. I think it is the same coin