Cryptocurrency Q&A
Why does a coin have a 'net grading'?
Why does a coin have a 'net grading'?
Nicola
Wed Nov 13 2024
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5 answers
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I'm curious about the concept of 'net grading' on coins. Why do coins have this grading system? What purpose does it serve and how is it determined?
5 answers
CryptoVanguard
Fri Nov 15 2024
Prior to this regulation, the practice of "net grading" was common. This involved adjusting a coin's wear grade downwards due to flaws or defects.
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ShintoBlessing
Fri Nov 15 2024
However, the new regulations precluded this practice. Dealers were now required to evaluate coins based solely on their wear grade, without considering flaws or defects.
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HanjiArtistry
Fri Nov 15 2024
The introduction of new regulations in the coin market enhanced the liquidity of the coins.
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ShintoSanctum
Fri Nov 15 2024
Dealers were no longer able to place a bid and subsequently reject the coin based on disagreements with its grade. This change prevented dealers from manipulating the market and ensured fairer transactions.
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SsamziegangSerenadeMelodyHarmony
Fri Nov 15 2024
The reliability of bids was also improved, as dealers were required to commit to their bids once placed. This created a more transparent and trustworthy market environment.
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