Commemorative Grading? - Coin Community Forum

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Author	Replies: 5 / Views: 2,513
jerkyg New Member United States 10 Posts	Posted 11/17/2006 03:44 am Howdy Coin Folks, So, I really like commemoratives. What should I look for regarding grading. For example, there is a comm. coin for sale. COA and a box...they state that it is a 67 grade. How do these coins come out of the mint? First strike would be...? Second strike....? Or should one just assume that it will be of the lowest grade...otherwise, why would they have it bidding for $10...right? Warm coin regards, Jerkyg Report this Post to the Staff

texasmick Pillar of the Community United States 751 Posts	Posted 11/17/2006 10:18 am Hey, Jerky The average seller on ebay isn't capable of distinguishing between a 65 and 69 on a modern issue. I would go further and say neither is the exceptional seller. So don't put any stock in such a numerical grade. How do these coins come out of the mint? Not sure I understand the question. Modern commems are usually outstanding: 67-70. But there are dogs too, with spots, hazing, scratches, etc. My feeling is that most of these end up on ebay because in person you would move on to the next specimen. That's not to say most on ebay are dogs, mind you. Also, just because it's in OGP doesn't mean that some knucklehead didn't open the acrylic and plant a big fingerprint on the coin. First strike would be...? Second strike....? A farce. Ignore. Or should one just assume that it will be of the lowest grade... If there aren't truly outstanding pictures to show a coin is PQ, then yes, assume it's at the bottom of the range. But I'm not sure I completely follow you here. Are you proposing that you might bid 69 or 70 money (based on the PCGS price guide or some such) on a raw OGP because the seller says so? Uh...no. otherwise, why would they have it bidding for $10...right? Don't assume that because the coin is bidding $10 with hours (minutes) to go in an auction, it has only bullion value. Most bids will come in the final seconds. Read some of the other threads on sniping. Good luck and welcome Report this Post to the Staff
mishap-coins Valued Member United States 344 Posts	Posted 11/17/2006 10:51 am Seems the word first strike would pertain to that one coin struck first with that die , which would in all reality be the one and only first coin (planchet)struck, with all coins after that first coin be not considered first strike. . recent article in Coin World below about NGC Grading Company. Claims designation violates state trade law ! A Florida man has struck back at a grading service that is labeling coins with a "First Strikes" designation by filing a class-action lawsuit, alleging the company is engaged in violating the Florida Deceptive and Unfair Trade Practices Act Report this Post to the Staff
Southern Yankee Pillar of the Community United States 891 Posts	Posted 11/17/2006 4:06 pm When I buy the commems I look for good clean coins. No scratches, spots, fingerprints etc. Have to to good pictures to tell. If not good pictures I pass. Too many out there. I try to pay raw price even if it is in a slab. Report this Post to the Staff
Bryan1315 Bedrock of the Community United States 14454 Posts	Posted 11/17/2006 4:19 pm There are actually all of the TPG using the "First Strike" term and it is nothing but a bunch od hype and the mint set the record straight themselves and wrote an atricle about how many coins are usually minted in the first 30 days of issue and said the TPG First Strike is just a marketing ploy because usually over half of the original amount would be minted in the first 30 days so the TPG first strike is no more better looking than a coin that is not considered a First STrike. Now about modern commems, most of them will be in a range of 67 and up because of the way the mint is doing these coins, if you get one below a 67 something went bad wrong at the mint because they take very good care of the coins while they are in their possession and try to reach a perfect quality coin. The classic commems are different because some of them were actually in circulation and the mint didn't take as many steps to make sure the quality of the coins were as good as they are now days Report this Post to the Staff
jerkyg New Member United States 10 Posts	Posted 11/17/2006 4:25 pm quote: Originally posted by mishap-coins Seems the word first strike would pertain to that one coin struck first with that die , which would in all reality be the one and only first coin (planchet)struck, with all coins after that first coin be not considered first strike. . recent article in Coin World below about NGC Grading Company. Claims designation violates state trade law ! A Florida man has struck back at a grading service that is labeling coins with a "First Strikes" designation by filing a class-action lawsuit, alleging the company is engaged in violating the Florida Deceptive and Unfair Trade Practices Act Thanks to all who wrote. Very interesting info...especially, the class action suit. The PCGS even makes reference to "first strike" in their pricing guide with higher prices for FS coins. Will be interesting to see what happens! Warm coin regards, Jerkyg Report this Post to the Staff
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