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 Replies: 41 / Views: 8,351 |
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Bedrock of the Community
 13014 Posts |
Quote:
Back in the 1800s, the idea of a coin being designated a first strike was meaningful, since such coins were often presentation pieces to those who attended striking ceremonies, and often were better detailed than later strikes.
If that still held true today I would be very interested in them. Honestly I do wish they would either drop the label all together, or work something out with the mint where the first 10-15 percent of the mintage could be set aside and first strike would actually mean first strike. Quote:
Now, that first strike goes to anyone anywhere willing to pay a premium, and we already have a grading system pointing out the better struck coins. When 90% of an issue is MS69/70, even those lofty grades are pretty much meaningless. My feeling is that for moderns, in our lifetime at least only the 70 is meaningful. Its almost assumed that any raw is a 69 or 68 at worse (assuming it hasnt been handled) making it pretty much worthless for the time being to have it graded saying that. The only advantage I could see to that would be for passing it along to future generations of the family where it could one day command a premium like the older coins. |
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Rest in Peace
United States
9104 Posts |
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I do wish they would either drop the label all together, or work something out with the mint where the first 10-15 percent of the mintage could be set aside and first strike would actually mean first strike. No practical way to do this, when some issues are all struck before initial release. |
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Pillar of the Community
United States
1285 Posts |
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No practical way to do this, when some issues are all struck before initial release. Not sure how many coin collectors realize this FACT. |
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Pillar of the Community
United States
2295 Posts |
I don't see why First Strike should matter, since you can't get better than MS-70, it shouldn't add any extra value to the coin. They are sucker hunting. I find it very funny that they call a 2005 coin old! How old is the seller? Three years old?  |
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Pillar of the Community
United States
2295 Posts |
Quote:
Personally I think the fewer grading companies the better. Get everything under 1 roof with 1 standard. Then there would be a monopoly and it would be much worse, since there would be no competition. Competition keeps people more honest. |
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Pillar of the Community
United States
2295 Posts |
Quote:
Honestly I do wish they would either drop the label all together, or work something out with the mint where the first 10-15 percent of the mintage could be set aside and first strike would actually mean first strike. Well, if no one buys them, then they wouldn't issue those types of labels. It is all based upon demand. If there is no demand, the product will go away on its own. |
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Rest in Peace
United States
9104 Posts |
I don't recall it being mentioned even during SQ production. You could order sets of silver proof quarters fairly early in the year, yet the issues came out around 10 weeks apart.
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Bedrock of the Community
13014 Posts |
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No practical way to do this, when some issues are all struck before initial release.
Itd have challenges but often times you can buy these coins on sites before the Mint officially releases them or graded ones on the day of that were clearly sent in before. If the mint were to just separate out the first lot and keep it separate from the rest itd be easy to keep track of. But quinn makes a great point. You cant get better than a 70 so the coin itself wont be any better, just something else to make your collection unique I guess |
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New Member
United States
16 Posts |
First Strike or Early Release designations; what impact on the value of a coin? Or is this just marketing to boost $$$?
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Pillar of the Community
United States
4901 Posts |
Well a bit of faulty data in the reply..from the PCGS POP report (not the Registry link provided) the were the following numbers of MS70 2005 bullion ASE's graded by PCGS: 150...MS70 non-FS 447...MS70 FS 555...MS70 FS Mercanti Signature ...and.. Quote:
I don't see why First Strike should matter, since you can't get better than MS-70, it shouldn't add any extra value to the coin. It really doesn't matter what you (or I) "think". Beliefs shouldn't trump facts and the facts are that FS (or ER) labels DO sell for more than non-FS coins. |
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Bedrock of the Community
United States
17884 Posts |
Quote:Well a bit of faulty data in the reply..from the PCGS POP report (not the Registry link provided) the were the following numbers of MS70 2005 bullion ASE's graded by PCGS: 150...MS70 non-FS 447...MS70 FS 555...MS70 FS Mercanti Signature Interesting figures considering the FS designation didn't start until 2005 and the Mercanti signature until much more recently yet it has the highest population. Edited by Conder101
07/22/2014 3:16 pm
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New Member
United States
12 Posts |
A lot of people put together first strike sets would be my guess.
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Pillar of the Community
United States
4901 Posts |
Quote:
Interesting figures considering the FS designation didn't start until 2005 and the Mercanti signature until much more recently yet it has the highest population. Just using the PCGS POP reports.... Quote:
519409 1986 $1 Silver Eagle Mercanti Signature MS
+ 290 Quote:
89816 1988 $1 Silver Eagle First Strike MS
+ 93 |
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Pillar of the Community
United States
1247 Posts |
the numbers are wrong on this coin..
PCGS says 447 ms70 with FS label
and 1152 total with MS70 grades...
pcgs says 800.00 for an ms70, 49.00 for an ms69..... buy the coin not the label... I can't tell the difference between a 69 and 70.
and they did 2800+ PR 70's
Edited by stampvirgin
07/22/2014 5:11 pm
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Pillar of the Community
United States
4901 Posts |
Quote:
the numbers are wrong on this coin..
PCGS says 447 ms70 with FS label
and 1152 total with MS70 grades. Yup...that was mentioned a few posts above yours |
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Posted 05/22/2012 04:27 am
