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Beware Of Coinsnap App Coin Grading Feature

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Valued Member

United States
150 Posts
 Posted 03/04/2023  10:14 am Show Profile   Bookmark this topic Add 2foxy to your friends list Get a Link to this Message Number of Subscribers
So I decided to test out the new Coinsnap app grading feature to see how reliable it is. I tried it with a bunch of different coins and the results were not consistent with what I was seeing, then I decided to try the ultimate test. I snapped this extremely low grade 1919 Wheat cent and the app gave it a mint state grading. This confirms that the coinsnap app grading feature is seriously faulty and unreliable.


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oriole's Avatar
Canada
5036 Posts
 Posted 03/04/2023  10:23 am  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
Oh, so that's where ebay pricing comes from!
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nfine's Avatar
United States
3334 Posts
 Posted 03/04/2023  10:48 am  Show Profile   Bookmark this reply Add nfine to your friends list Get a Link to this Reply
My thought exactly, oriole.
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IndianGoldEagle's Avatar
United States
33743 Posts
 Posted 03/04/2023  10:49 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
I think old school will remain for some time. Hard to beat a trained eye when grading. When in doubt, refer to the set of photos at the PCGS photo grade site.
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datadragon's Avatar
United States
1646 Posts
 Posted 03/04/2023  11:24 am  Show Profile   Bookmark this reply Add datadragon to your friends list Get a Link to this Reply
Over time I feel those apps will become extremely useful once developed properly. Grading is simply too expensive for most coins to send in (at least moderns) and knowing a general range is helpful. So right now you'll have to continue posting on the forum to get opinions.

At this time many can help but seem to not work all that well. Coinoscope just should find a matching coin helping to id foreign coins for example but that rarely hits for me.
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United States
1361 Posts
 Posted 03/04/2023  11:26 am  Show Profile   Bookmark this reply Add halfamind to your friends list Get a Link to this Reply
And how did it end up being a 1922, no D?
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Hondo Boguss's Avatar
United States
17792 Posts
 Posted 03/04/2023  3:52 pm  Show Profile   Bookmark this reply Add Hondo Boguss to your friends list Get a Link to this Reply
Such apps will soon be very accurate once the AI is refined. At least in the technical aspects. But will they ever be able to judge "eye appeal"?
Inordinately fascinated by bits of metal with strange markings and figures
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bugil46's Avatar
United States
579 Posts
 Posted 03/04/2023  4:43 pm  Show Profile   Bookmark this reply Add bugil46 to your friends list Get a Link to this Reply
Wow,
You can't more definitive than that.
App is not reliable.
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United States
3197 Posts
 Posted 03/11/2023  5:37 pm  Show Profile   Bookmark this reply Add nick10 to your friends list Get a Link to this Reply
maybe they'll not be able to judge eye appeal, only AI appeal

even humans can't judge fine grading details from a static photograph, for example, there is no substitute for being able to rotate and angle a coin to check its luster
New Member
United States
1 Posts
 Posted 09/13/2023  12:06 pm  Show Profile   Bookmark this reply Add gwbabcock to your friends list Get a Link to this Reply
I have been collecting coins for over forty years. I love CoinSnap and have graded 2000 of my coins with it. It is about 90% accurate. The two places where it has a problem is the one pointed out in this thread. Really bad coins are wildly mis-graded. The other place where grading does not work is where there is a brown stain on the coin. BTW, proper light is really important and can throw off the app. Once you discover how to properly light the coin it is very accurate.
One thing that I HATE is that when I export my library, it does not export the "Variety" which is where the mint stamp is stored. This makes it almost useless for keeping track of coins. (Use my own spreadsheet to track them).
Also, the pictures of the coins have to be exported one at a time.
Conclusion: Great for grading. Crap for keeping track of my coins.
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datadragon's Avatar
United States
1646 Posts
 Posted 09/13/2023  12:58 pm  Show Profile   Bookmark this reply Add datadragon to your friends list Get a Link to this Reply

Quote:
I have been collecting coins for over forty years. I love CoinSnap and have graded 2000 of my coins with it. It is about 90% accurate. The two places where it has a problem is the one pointed out in this thread. Really bad coins are wildly mis-graded. The other place where grading does not work is where there is a brown stain on the coin. BTW, proper light is really important and can throw off the app. Once you discover how to properly light the coin it is very accurate.


and thanks for the info on your experience. Sometimes when its someones first post and in a first post endorses a product can be suspicious but its certainly possible the app has been improving as its paid so they can continue to invest money to improve the AI as time goes on. It is also possible as you say that certain types of coins such as very worn do worse than a typical low wear, AU or mint state coin that most would use it for so others may want to revisit it at some point to see for themselves and post their experiences. With the high cost of grading, even being within a few grades would at least help some people to know whether a coin is worth looking into further or not.
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jbuck's Avatar
United States
161452 Posts
New Member
United States
1 Posts
 Posted 10/05/2024  08:00 am  Show Profile   Bookmark this reply Add Kingbowman to your friends list Get a Link to this Reply
Well in fairness, the app does give the option of disagreeing with the findings on each coin.
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Tacc's Avatar
United States
3535 Posts
 Posted 10/06/2024  1:13 pm  Show Profile   Bookmark this reply Add Tacc to your friends list Get a Link to this Reply

Quote:
the app does give the option of disagreeing with the findings on each coin

Well thank heavens for that.
I personally do not rely on that app whatsoever.
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United States
2027 Posts
 Posted 10/06/2024  1:29 pm  Show Profile   Bookmark this reply Add coin rejector to your friends list Get a Link to this Reply
That app is terrible.
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panzaldi's Avatar
United States
17491 Posts
 Posted 10/07/2024  12:56 pm  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
this is wear newbies are getting these ridiculous prices. these apps are not ready for prime-time grading yet. maybe down the road. all they are doing now is either giving folks hope they found a mega coin or aid in someone getting ripped off paying those kinds of prices.

they don't help the coin collecting community at all
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