Question about the Coinsnap App?

Matt97932

Does anyone use it? And how accurate is it for the pricing of your coin collection?

Matt97932

Does anyone know anything about Coinsnap? Is there a good appraisal app?

fluffy155

I tried it on a lark, it was hilariously inaccurate for the coins I own (both grade and value). Maybe for some more common series it is closer to the mark, I don't know.

Davidk7

Terrible, awful, inaccurate. You're better off learning the information yourself.

cmerlo1

If it's the one I'm thinking of, the Facebook ad shows them snapping a circulated 1964 Lincoln cent and it assigns it a value of over $200.00. That makes it garbage, IMO, because not only is that price wildly wrong, but also because they chose to depict that in their ad. I'm speaking as someone who has to deal with all of the bad info apps like this and videos on YouTube put out as factual information, at every coin show I work.

FrankH

Apps suck!

spyglassdesign

Ignore the pricing, but in my experience the coins that have consistent strikes (think most Morgan's, peace dollars (except 21), ase, etc it seems to get pretty close. On coins with wild variations from year to year (capped busts for instance - especially early years, new Orleans mint Morgan's and a few other weak strike years), it has a real hard time getting it right. It's often off by at least one grade (ie xf coin it says is VF).

Your best bet is to study coins in hand (in slabs) and coinfacts samples. At one point I literally bought a 63, 64, 65, and 66 morgan for comparison purposes to try to learn what makes each grade. An app for grading is fallable (as are humans), and can and will lead you astray until you learn to grade yourself... Then it can be a tool for getting a quick idea.