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 Replies: 21 / Views: 3,634 |
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Valued Member
United States
404 Posts |
I like barryg's idea(please note the sarcasm).
This is basically what the cards companies started to do. They would have 100 autographs from a particular player, and put out 3 subsets of that player. The red set would be numbered 1 of 10, the green set would be numbered 1 of 25, and a blue set would be numbered 1 of 65.
So now instead of having 1 set of 1 of 100, there are now 3 sets which will all have a higher value because of their "limited" production.
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Pillar of the Community
United States
6326 Posts |
I would value the " blue" slabs much higher in that case.....because it's my favorite color !  Yeah, I agree with most all of this being discussed here. I only own TWO slabbed coins. One is an M-69 ASE for 2009, and the other was a 1914-D Lincoln with a suspicious mintmark that I sent in for "authentication" and "verification", because this was a costly "key" coin. And my lesson learned, was never buy KEY COINS RAW ! .... But if you do....get it checked out by a TPG ! And I bought the slabbed ASE because I couldn't get my beloved Proofs that year.......  I've never cared anything for the "slabbing" part of coin collecting. I like em' RAW ! Some people certainly DO, though, and that's okay too. They like the look or the "stack-ability" of the slabs, etc., etc.... But the rare occasions will come up for everyone to require the needs of a TPG, those that have been mentioned already. These "special labels", as a relatively new EXTRA form of collecting, are certainly getting out of control and growing more all the time. It's too much, and it's ridiculous and unnecessary. They are "muddying up the waters" of our sport IMO. And I would agree....it smells like money maker addicts are in every facet of life to find a way to make an "extra" buck, on top of the buck they're ALREADY making. I'm going to send my two 25th Anniv. Sets to PCGS to have my "set" authenticated as such....and I'm certainly a " greenhorn" treading in " virgin territory" by doing this.....but I felt it was just the best way to go for me, at least with this one occasion......... the "FS" and/or "ER" designations are just annoying and an "extra" that nobody should need or have to bother with. If sometimes that trades for more money.......whatever....but it shouldn't be on the label in the first place, I agree. All we can do is limit our participation.......kind of like "recycling" though........if we don't ALL DO IT.....then the impact is very small and almost inconsequential, and not likely to affect the issue of the monster at hand. Edited by eaglefoot
11/23/2011 10:58 am
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Pillar of the Community
United States
968 Posts |
I think they are stupid, but given the way people react to those labels I'd happily get my coin slabbed with one (if I had one of those "special" strikes) simply because I could sell it to someone for more money than a "normal" coin.
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Moderator
 United States
189648 Posts |
Quote:
TPG's will survive as long as consumers continue to buy into any hype they create. I agree. As long as there is a market for them, they will keep doing it. Personally, I do not see the point. I barely accept slabs for what they are (an authentication and grading opinion). To each their own.  |
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Bedrock of the Community
United States
20753 Posts |
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I agree. As long as there is a market for them, they will keep doing it. Personally, I do not see the point. I barely accept slabs for what they are (an authentication and grading opinion). To each their own.
My viewpoint exactly. Although I too do not collect plastic and throw away those slabs I have purchased, put the coins in Albums, it is comforting to know a 16D is a 16D Merc and not a Chinese fake. I really don't care if a coin is a F-12, VF-30 or a MS-99. I'm a lousy grader and I suspect so are many that work for those TPS's but the maority of people think they are perfect. The worst part of it all is at coin shows I constantly hear "Of course that is rather high priced but it is in a PCGS slab you know". Actually if your going to complain about TPS's attempting to determine what is a collection, your really far from what should be complained about. The people that really try to determine what you should collect are the manufacturers of Folders and Albums. Think about this. You have to have a Lincoln Cent 1922 Plain error coin for almost all Albums. You need a 1942/41 Mercury dime to complete most sets. I have Folders that say I need a 1913 Liberty Head Nickel to complete that set. Most need a 1969/69 Indian Head cent for that collection. This is NUTS. Dansco, Whitman, Littleton, Intercept Shield, etc are the people that really determine what you should and/or MUST collect. |
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Moderator
United States
189648 Posts |
Quote:The people that really try to determine what you should collect are the manufacturers of Folders and Albums. Think about this. You have to have a Lincoln Cent 1922 Plain error coin for almost all Albums. Tell me about it...  This is my only complaint about albums! The 1922-D "Plain" hole is the only one that really affects me, since I made a custom album for Indian Head cents, Buffalo nickels, and Mercury dimes that omit all of the errors and varieties of those series. |
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Pillar of the Community
Canada
902 Posts |
It used to be about collecting coins, then slabs & flips came along
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Valued Member
United States
493 Posts |
Look at the label for what it is, same for the plastic slab. Essentially the NGC early release label shows that the coins were slabbed close to release. A buyer knows the coins did not sit around in someones musty basement, or humid southern climate for too long before they were encapsulated. It's not much, but it's something, and down the road, may mean more than you think present day, or really nothing at all. Just like collectors who refer to the ASE as bullion, they don't even see them as collectible! With all that being said, the prices for slabbing are ridiculous. Edited by everything
11/23/2011 8:25 pm
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Valued Member
United States
377 Posts |
Quote:
A buyer knows the coins did not sit around in someones musty basement, or humid southern climate for too long before they were encapsulated That is not entirely Accurate. Coins can be submitted 20 years after issue if still sealed in mint box and was shipped prior to cutoff Date for First Strike or Early release. I am 1 of the Label collectors and will not buy a Coin without First Strike in the series they exist for. I have over 500 Slabbed coins, Mostly moderns and love the different labels.but to each his own. I also have complete sets of Moderns in Dansco's Mostly from mint sets Edited by wif99
11/23/2011 9:07 pm
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Bedrock of the Community
 United States
11951 Posts |
It is nice to see there are a lot that are thinking the same way about special labels. I recently asked four different coin shops about FS and ER labels .. none of them paid any extra for the labels or charged any more when selling them. The breaking point for me is with the 25th ASE .... .. the 5 different ASE's make a set, weather they came in the same box or not. So the TPG's cost us extra money by - Having to have a sealed box made many collectors send in more sets than they would have if not for having to be in a sealed box. - If we just had to send in the different 5 coins, we would save a lot on shipping, by not having to ship the goverment OGP/blue box both ways -If we could see the coins before shipping them in, we could catch any that are damaged in shipping or other flaws and swap that coin out for a better one. The goal is to have a high grade set .. not to see if we were lucky that nothing happened to the coins before they get graded. Everyone should voice there concerns to the TPG's ....I am just not sure the best way to do that |
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Bedrock of the Community
United States
20753 Posts |
Quote:Everyone should voice there concerns to the TPG's ....I am just not sure the best way to do that Either your kidding or are dreaming. Saying anything to any organization about what they are doing to make money is sort of a massive waste of time. As long as they are making money, and lots of it, why should they listen to a few disgrunted individuals. That would be like sending Walmart a letter of complaint about all the things they sell that say Made In China. Ever try complaining about your taxes? Imagine sending Whitman a letter saying a few hundred of us don't like something they do. They deal with millions of people so what is a few hundred of even a thousand people. As long as those TPGS's are making money they do what they want. |
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Valued Member
United States
493 Posts |
Quote: A buyer knows the coins did not sit around in someones musty basement, or humid southern climate for too long before they were encapsulated ----------------------- That is not entirely Accurate. Coins can be submitted 20 years after issue if still sealed in mint box and was shipped prior to cutoff Date for First Strike or Early release. I am 1 of the Label collectors and will not buy a Coin without First Strike in the series they exist for. I have over 500 Slabbed coins, Mostly moderns and love the different labels.but to each his own. I also have complete sets of Moderns in Dansco's Mostly from mint sets ------------------------------- Can you describe an example of this?, I was going off this. http://www.ngccoin.com/services/earlyreleases.aspxNGC offers the Early Releases designation for coins received by NGC during their first month of release How much would NGC charge to store your unopened box for twenty years? Edited by everything
11/23/2011 11:12 pm
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Valued Member
United States
320 Posts |
here's the thing- they might be essentially meaningless in the great scheme of things BUT why not? I mean if the TPG's customer wants the service and is willing to pay extra to obtain it, why would the TPG turn down that opportunity? It doesn't seem as if the TPG's are hyping it unnecessarily, they don't have a price list for first strike and another for non-first strike. I don't believe any TPG's are saying it adds any extra value at all, it's just something optional they offer. If you don't like it don't buy it when sending in your coins and don't pay any premium if purchasing the coin later. That's all. Maybe the saying "buy the coin not the holder" could be expanded to "buy the coin not the holder or the label." And who knows, in 100 years they might collect today's coins like we do with Morgans. Only instead of binocular microscopes and usb powered microscopes they might use a scanning electron microscope or some tool we don't even have yet... and then the "first strike" designation might actually take on a new meaning or emphasis. |
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Valued Member
United States
377 Posts |
Quote:Can you describe an example of this?, I was going off this. http://www.ngccoin.com/services/earlyreleases.aspxNGC offers the Early Releases designation for coins received by NGC during their first month of release How much would NGC charge to store your unopened box for twenty years? I was not aware you were talking About just NGC, I thought the satatement was about slabs in general and PCGS will Give First Strike 20 years from now without storing the box http://www.pcgs.com/services/firststrike.html |
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Pillar of the Community
United States
1796 Posts |
I always feel a bit hesitant when people ask questions such as "Why not?" and "Who knows?" when prefaced with a firm "it's essentially meaningless." If it's truly meaningless, why do it at all? "Why nots" jump the gap from a hobby for the pleasure of it, to a game of speculation for profit. As a hobbyist myself I find that a large number of designations a waste of time. For a company, however, extra designations mean more potential sales or rarities for their product (like the three colors example barryg expressed; it's the same thing). The "Early Release" or "First Strike®" designations (note that the later is a registered trademark of PCGS) I find at best comical, and at worst, misleading. Unless the Mint designates "these X number of coins came out of the machines first" with some difference in the design, calling anything "First Strike/Early Release" is dishonest, as there is no means to tell one apart from the other other than a smudge of ink on a slip of paper. It's a grading company designation and not (in my opinion) a genuine variety that's worth any sort of acknowledgement. Grading in and of itself (especially at the higher end of the Sheldon Scale) is still more art than science. Things like PCGS's Plus designation or CGS's Star designation add on additional layers of granularity and opinion that don't tell much qualitatively about the actual coin itself other than how a particular critic thinks about it. Then again, I've been of the opinion that the Sheldon Scale was a bit too granular from the start and as it stands and no one really uses the full 70 breadth of points today (so why would anyone want to *extend* it?). Anyways, that was more than my Two Cents, as it were. :-) To summarize: Yes, some of these special designations are quite silly in my opinion. |
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Posted 11/23/2011 10:55 am
