Using Artificial Intelligence (AI) in Coin Collecting

Computing power has become so exponential that we can no longer fathom it. Granted, not everybody can afford a super computer or the energy to run one but every one they come out with is vastly superior to the next. Would imagine the gains will spread to everything as far as what is economically possible for the public. High tech seems to be getting cheaper. We probably haven't seen anything yet.

 

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There are theoretical limits to computing power, but we're faaaaaarrrr away from them. On the other hand, we're already well into the realm of diminishing returns with current chip technology. (That's what new technologies are for.)

 

Not all AI is created equal. Sometimes, you have to lead it to the best answer. Sometimes, you have to pit one against the other to get the best answer.

 

I've been using AI for about 2.5 years to grade coins. BTW - you missed CoinSnap in the apps you listed. A couple of thoughts...

1) I've used CoinSnap, CoinKnow, Grade EZ, Claude, Gemini as well as PCGS Photograde (not AI) just as a double check.

1) CoinSnap was good enough to get me "in the ballpark" about 2.5 years ago. Clearly, it has gotten better and better to where CoinSnap is my now "go to" grading tool and it's a little scary as to how good it is.

2) CoinKnow gets a lot of chatter that it's better than CoinSnap so just yesterday, I did a 1:1 contest. Based on this unscientific test, CoinKnow seems to overgrade consistently.

3) For CoinSnap, once you get into post colonial coins and earlier, it really struggles to identify the coin and will give you crazy results.

4) CoinSnap, as well as Claude and Gemini will give you detailed descriptions as to why they graded it the way they did.

5) Claude and Gemini will give you selling strategies for online platforms such as how to price it, BIN as well auto accept prices, etc. They will even write the headline and a detailed description of the coin for you for the listing.

6) I sometimes have to provide a FMV for a specific coin at a specific point in time such as March, 2021. As an example, I tell Gemini that I need the FMV of a 1936 Mercury dime that is raw and would have straight graded VG-8 (from CoinSnap grade) in March 2021. It then goes about and somehow accesses eBay (and other online auction records) to provide a price for that coin for that time period and it give you an explanation as to why that price. You may be aware that eBay only allows access to the past 3 years of records but I think Gemini accesses the "internet archive" to dig up this information.

7) Gemini and Claude will generally correct you so that if you upload a photo of a 1817 whatever and you tell it to grade the photos of the 1818 whatever, it will call out that the whatever is 1817, not 1818.

8) Gemini (and probably Claude) will also give you strategies that if you want to sell it on, say, Great Collections. It will tell you that should grade it with X grading service based on value that grading service brings to buyers, how lenient or strict the grading service is, the cost of the grading service and how it may get a straight or details grade depending on the service. Given all that, and the cost of different grading services, commissions and a projected auction price, it tell you what to do to maximize income.

9) Finally, I've found that you can tell CoinSnap that it is X variety in a sort of drop down box. On a few occasions, the variety I needed wasn't there. When I reached out to them, they were amazingly responsive and told me they agreed that it should be added and they said they would do so. I haven't checked to see if they did or not.

Overall, I think I can use CoinSnap and the other tools to get me pretty close to how a TPG would grade it (for free or almost free!). In the end, you need to be observant because these tools sometimes won't call out those cleaning marks (or whatever) that would generate a details grade. These tools need to work on telling you if the coin will get a details grade or not, but clearly, they are getting better at it, I can see the improvement.

My 2 Cents.

 

I use it when I need a laugh...

I remember the old adage "garbage in = garbage out".

I do my own research with the help of trusted Friends.

 

I’ve never heard of any of those programs to grade coins. The best resource is the Red Book by R.S. Yeoman. Just read the explanations for each grade and be honest with yourself to get close to the grade. I tend to be on the conservative side so rarely am I disappointed.

 

@Jack D. Young @Collecting Nut ...Hi, yes, it does give you laugh sometimes as it once graded a penny MS when it looked like it was sandblasted. But, I do take the results and confirm with the Red Book guidance on grading and I do use the PCGS online Photograde manual tool. Essentially, the AI tools give me a "place to look" and confirm. Generally, they are pretty much in the ballpark and they can help when you have no idea what you have. They occasionally point out flaws that I missed too. It's a learning experience and helps me grow my skills - I will make an educated guess as to the grade and then see if the AI and I agree (or not) and why. eBay now requires the seller to offer a ballpark grade of a raw coin (a total 180 degree turn from where they used to be until recently). Therefore, if you post the AI results they may offer a novice buyer some type of confidence (even if it's not a whole lot) that the claimed grade is in the ballpark.

 

I research and document counterfeits and if accurate AI could be a great assist; my problem is it also needs to be taught, and I rather like working with people interested in the Hobby 1st...

 

That's pretty amazing! Does he take requests? My favorite is the Walking Liberty Half!

 

Pretty cool!

 

Thanks! (BTW, your '38-D is awesome!)

BTW, which AI did you use?

I didn't realize I could do it with free-accounts. I tried it with ChatGPT and Gemini and got the following two images respectively:

and, from Gemini:

 

Not necessarily anti-technology but I do avoid AI if possible. I do all of my Google searches ending with -ai. I feel like I already put enough demand on the electrical grid.

 

The AI answer has some errors and some of the info is incomplete or out of date. Both PCGS and NGC maintain consolidated auction results. But currently, results of only a few auction companies appear there. Most of the data these days comes from Heritage and Stack’s Bowers. Great Collections quit supplying them with data several years ago. Teletrade disappeared long ago.

However, getting recent auction data on U.S. coins is easy compared to world and ancient coins. There are many auction companies throughout the world. There are some consolidated databases, like coinarchives.com, but they are not complete and getting full features is expensive. The auction archives of many companies consist of catalogs and prices-realized lists, but no search function. I compile databases for world and ancient coin series in which I’m interested. But it’s a lot of work.

Mike

 

It is my thinking that training AI to attribute coins would be worlds easier than training it to grade coins. The Attribution dataset is all purely objective while the coin grading dataset is mired by subjective opinion.

 

Try asking it to do a pole dancing stripper version of walking liberty. Asking for a friend.