Post
Topic
Board Collectibles
Re: Question: What is going to protect authentic physical bitcoins?
by
OgNasty
on 14/07/2021, 01:51:27 UTC
Is seems like cheapo knock-offs are multiplying and that non-loaded tokens are screwed. The funded coins at least have the blockchain as an authenticator. With ANACS out of the game maybe IGC gets serious and doubles down with more service? Maybe something new needs to arise to help validate and preserve the value that designers are creating?

I think there will be more value accrued to the graded/slabbed coins that have provenance that they were graded early on / well before known passable fakes come out (whenever that is).

I agree. I think the value of grading is going to increase by multiples if the physical bitcoin collectibles grow in interest.

Grading companies don’t authenticate these products as there would be no way to do so with many of the small makers involved, they grade it’s condition. It’s likely this misconception that has them refusing to further grade crypto coins. I doubt it would have been hard to get a fake graded a few years ago. People did used to address this concern with signed chains of ownership and dealing only with trusted members. I always thought at one point reputable sellers with long held collections would be a coveted premium, but we aren’t there yet from my experience.