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first day of issue?

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spaceace
Valued Member


United States
62 Posts
Posted 11/05/2009  9:55 pm  Show Profile Bookmark this topic Add spaceace to your friends list  Get a Link to this Message

What makes something a "first day of issue" coin (other than the obvious). I have seen some graded (PCGS)and labelled as "first day of issue". Most of them were presidential dollar coins that I saw in a coin shop and some online. Is there anything really different about the coin or any premium or just a way of making something seem more important or something. Just curious. Thanks
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WpgLwr
Pillar Of The Community


Canada
884 Posts
Posted 11/05/2009  10:02 pm  Show Profile Bookmark this reply Add WpgLwr to your friends list  Get a Link to this Reply

From what I can tell, it's just a lot of hype to get you to part with even more money.

First Day of Issue means much more when it comes to stamps, not so much with coins.
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scott3270
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USA
870 Posts
Posted 11/05/2009  11:06 pm  Show Profile Bookmark this reply Add scott3270 to your friends list  Get a Link to this Reply


Quote:
From what I can tell, it's just a lot of hype to get you to part with even more money.


i agree it's still the same coin whether it is the first day of issue or not so I don't see what the big deal is
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eaglefoot
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USA
4193 Posts
Posted 11/06/2009  09:28 am  Show Profile Bookmark this reply Add eaglefoot to your friends list  Get a Link to this Reply

Yeah, it's not even really a early strike quality coin either, necessarily. Because you don't know at what stage of the total minting number, the particular coin was minted. And theoretically, you can get "First Strike" coins throughout the year, every time a new die is used, until the "allotment" has been reached. So, that being said, the "First Day of Issue" coins are really nothing but a label saying that these are available on the first day of sale....but couldn't possibly guarantee that these are, in any way, "first strike" coins.
That could only be determined by the quality in examining each coin.
"Tomorrow is the most important thing in life. Comes into us at midnight very clean. It's perfect when it arrives and it puts itself in our hands. It hopes we've learned something from yesterday."
John Wayne

Eaglefoot
Edited by eaglefoot - 11/06/2009 09:29 am
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John1
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United States
1321 Posts
Posted 11/06/2009  10:32 am  Show Profile Bookmark this reply Add John1 to your friends list  Get a Link to this Reply

First strikes, First Day of Issue...Buy the coin not the holder. A MS-69 or 70 or whatever is still a MS-69 or 70 or whatever regardless of it being "labeled" first anything. IMHO,
John1

( I'm no pro, it's just my humble opinion )
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spaceace
Valued Member


United States
62 Posts
Posted 11/06/2009  12:44 pm  Show Profile Bookmark this reply Add spaceace to your friends list  Get a Link to this Reply

Kind of what I thought. Thanks for the info
Edited by spaceace - 11/06/2009 12:44 pm
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