ANAC's & Bit Coins??

I don't really understand why the hurt feelings over ANACS slabbing this token. Just like a store token from a couple decades ago - only useful as an exchange between a small number of people. Ignoring what bitcoins are I think this thing is rightly called a token. Now about that grade...

 

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What are the grading standards for a bit coin?

 

What are the grading standards for world coins, exonumia, and error coins that TPG's grade?

 

I'm with you!

However, I loosely grade some my tokens EF, AU, MS, but only those because they're either very nice or very nice for their age. Anything worse isn't worth mentioning and I usually mention things that would details a U.S. coin such as holed, corroded, bent, scratched, and countermarked.

 

I'd like to know how they grade error coins? How do they net grade a uniface error on one side?

 

How about planchetes or nails?

 

There's a funny April's Fools joke about a planchet error. Fittingly enough, from an exonumia dealer. It's the first post-Ken Barr.

https://www.google.com/url?sa=t&source=web&rct=j&url=https://groups.google.com/forum/m/#!topic/rec.collecting.coins/EBCzveKQvwc&ved=0ahUKEwjGjfLMrdfLAhWEVh4KHeowCIcQFgggMAE&usg=AFQjCNF4ZuCA79SeCltd8kBIzArzeBbKsQ&sig2=COUEO4tbAUxMLVL6OJKTnA

 

Anything is easily graded once you form a clear view in mind defining the best that particular piece could have been and "downgrading" from there. As a judgement call, I would hold the ceiling for an error coin of that type to the highest grade where strike begins playing a major role in grade - >MS65 in my own opinion. It'd be kinda silly trying to compare a coin to "theoretical perfection" when that would never have been possible for it.

I wouldn't know about "net" grading; I have no interest in it. Net grades - if we define them as an attempt to define grade-equivalent market value - are no better than the majority of "published" price guides.

 

Thankyou. But forming a clear view of what could have been is too easy to abuse.

 

http://m.ebay.com/itm/Postal-Money-...2-1951-NR-Unique-USA-/391408420089?nav=SEARCH

You never know.

 

Haha!

 

Thank goodness you posted that -- I hadn't seen that they'd cut the price 10%! This changes everything.

 

Unlike everyone else, I'm fascinated with this. I just want to understand a bit more about them first.

 

No you didn't. These tokens have absolutely nothing to do with umm, "real(???)" Bitcoins, which ARE exclusively electronic. Any physical representation is nothing more than a prop, for like doing stock photos. I put 'real" in quotes, followed by question marks, because it is clear to me that there is nothing real about Bitcoin at all.

 

That, now, is funny!

 

Thelma Vasco?

 

I should start a new thread. Besides normal coins/currency, nails, bit coins and money orders what else do the TPG'ers grade?

 

For some of them, those with the longest list of okayed items, if you've got the money, they've got the plastic. For NGC and PCGS, the list is shorter. Besides, what is the actual difference between a "wrong metal" strike and a nail? Shape? I'm struggling to come up with another one. Keep in mind, for production striking, coins are struck HORIZONTALLY, not VERTICALLY, like in the old days. That means that anything that falls from above can fairly easily get between dies. Don't know about you, but every time I pick up a hammer, nails will be falling.

 

Why are there nails inside the mint facilities to begin with?

 

Has anyone got a link to that hilarious PCGS thread where the guy pushes the limit of what ICG will slab? It reached the point where it seemed like ICG was cooperating in the process for humor's sake and as a challenge to their evaluation skills. IIRC they drew the line at a wooden nickel.