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Pillar of the Community
United States
3499 Posts |
I just find it funny how the guys on the Coin Vault love to emphasize that a coin is a "first strike." Also, back in 1999 I remember when they were offering 5 BU Delaware quarters for $120. They claimed that the State Quarters will be an incredibly small run and will never be seen in circulation. In fact, I think that they claimed that the 5 coins would only appreciate in value. |
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Pillar of the Community
United States
6326 Posts |
Yeah the term "First Strike" is just a marketing ploy obviously ......
Shame on them !
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Pillar of the Community
United States
6326 Posts |
You know......just pondering here......but just imagine the amount of stockpiles of coins that they have !......And the way business always seems to be moving for them......and the amount of stuff they buy for future sales.......
I bet their "warehouse" contains an eye popping massive bulk of crap !!
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Pillar of the Community
United States
5318 Posts |
Quote:
I bet their "warehouse" contains an eye popping massive bulk of crap !  If they're not careful, it will reach critical mass and blind everyone for a city block. |
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Pillar of the Community
United States
6326 Posts |
Can't we get together and start a petition or something ?......class action lawsuit ?
They come just short of "bald face lying" sometimes.....and it scores the sale !.....leading people on about the incredible value of their products, compared to the value on the market now, and the eventual thousands of $$$$$ that it'll be worth someday.......
gold and platinum "plated/dipped" coins where no trace of "parts per billion" can be found AT ALL !!
Ignorant people have a right to buy products at ridiculous prices, but they've gone LIGHT YEARS BEYOND THIS NOW !!
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Pillar of the Community
United States
5318 Posts |
Quote:
...leading people on about the incredible value of their products, compared to the value on the market now Small players compared to Wall St. who packaged toxic investments, promptly rated them AAA, and pimped them to investors. They're the master deceivers, and the HSN guys are lowly apprentices. I'm sooo off-topic, lol. Wall St. is safe and sound...nothing to worry about, move along. Edited by KurtS
06/27/2008 1:38 pm
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Pillar of the Community
United States
6326 Posts |
After reading what Kurt has pointed out, Eaglefoot leaves the room and begins immediately to withdraw his stock investments in a frantic worry, so as not to participate in this horror !  .... Eaglefoot then realizes that he's a "Capitalist" and sometimes that means others get hurt, stepped on, or killed, so that we can make some money, and he leaves the "stock" right where it is.....  Edited by eaglefoot
06/27/2008 1:56 pm
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Rest in Peace
United States
1501 Posts |
So is the same to be said about PCGS's use of the term "first strike" on their certifications?
eaglefoot wrote; Quote:
Yeah the term "First Strike" is just a marketing ploy obviously ...... Since the mint has stated that there is no way to tell as to when a certain coin is struck, and PCGS uses this to mean coins certified within the first thirty days of issue, is this also just a marketing ploy? |
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Pillar of the Community
United States
5318 Posts |
"...and PCGS uses this to mean coins certified within the first thirty days of issue, is this also just a marketing ploy?" Lemme guess.  If "First Strike" cannot be evident from details on the actual coin, what does it matter? Edited by KurtS
06/27/2008 3:24 pm
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Pillar of the Community
United States
6326 Posts |
 From what I understand, throughout the year, the Mint changes to a new planchet for every and any particular denomination. They only press so many coins with each one, and then replace it. So yeah, that "First Strike" claim is only evident in the "detailed quality" of the first so many coins minted with that particular planchet. The more minted with that particular one......the less quality detail. It's exactly the same concept with the "DCam" proof coins right ?....the first so many will give that really high quality........then the regular beautiful proof coins will follow until that planchet is replaced to begin minting more and more until, throughout the year, the mintage limit has been reached. So, I guess it's the "Get yours now" claims that pronounce "First Strike" as if you can only get these early and soon in the year and that's it. And besides.......THIS NUMBER IS UNKNOWABLE !.....one could only guess at how many produced off of each planchet were the "First Strike" quality. HSN has done "First Strike" Sacagawea's, ASE's, Quarters, Commemoratives, and God knows what else.......probably everything !...and theirs are certainly "slabbed & certified First Strike".......so ........dunno......i guess if people want to "buy" that....it's fine. Like Kurt said.....just judge the "actual coin" and you'll be okay I think ! Putting "First Strike" on a slab isn't "inaccurate" so much as it's "misleading" I suppose...... Am I explaining this correctly ?....... Edited by eaglefoot
06/27/2008 4:57 pm
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Pillar of the Community
United States
3499 Posts |
Everyone, I actually know of a major shop in the midwest that actually is the one who sells HSN and the coin vault a lot of their stock. And let me just say, the guy who owns the place is a bit shady himself. This just makes me wonder if there is some sort of HSN/ shady dealer conspiracy.
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Pillar of the Community
United States
6326 Posts |
From what I understand, throughout the year, the Mint changes to a new planchet for every and any particular denomination. They only press so many coins with each one, and then replace it. So yeah, that "First Strike" claim is only evident in the "detailed quality" of the first so many coins minted with that particular planchet. The more minted with that particular one......the less quality detail. It's exactly the same concept with the "DCam" proof coins right ?....the first so many will give that really high quality........then the regular beautiful proof coins will follow until that planchet is replaced to begin minting more and more until, throughout the year, the mintage limit has been reached. So, I guess it's the "Get yours now" claims that pronounce "First Strike" as if you can only get these early and soon in the year and that's it. And besides.......THIS NUMBER IS UNKNOWABLE !.....one could only guess at how many produced off of each planchet were the "First Strike" quality. HSN has done "First Strike" Sacagawea's, ASE's, Quarters, Commemoratives, and God knows what else.......probably everything !...and theirs are certainly "slabbed & certified First Strike".......so ........dunno......i guess if people want to "buy" that....it's fine. Like Kurt said.....just judge the "actual coin" and you'll be okay I think ! Putting "First Strike" on a slab isn't "inaccurate" so much as it's "misleading" I suppose...... Am I explaining this correctly ?....... Had to reset this near top of new page....Heh Heh..Edited by eaglefoot
06/27/2008 5:12 pm
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Pillar of the Community
United States
3499 Posts |
eaglefoot- I think that all in all a first strike is not really a major issue since the amount of detail applied is usually based upon the wear on the dies. So certain cons struck when a fresh die is used are of better detail. Ultimately, this means that quality and the presence of detail varies throughout the entire production run of a coin for a given year.
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Valued Member
United States
100 Posts |
I have to agree with you. It astounds me that people are willing to pay anywhere from 25% to 50% more than what the coin is worth from them. The only exception I could think of is if you just needed one more coin to complete your draped bust set or something like that and were willing to go to crazy lengths to get it.
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Rest in Peace
United States
1501 Posts |
Well misleading as to terminology, yes. The purpose of any TPG (basement slabbers not included) is to establish a grade of a coin that is acceptable throughout the industry. That said, an MS-60 coin submitted to PCGS in the first thirty days of issue could indeed(in theory)be labeled with a first strike designated label, even though the coin would not have the characteristics of a coin struck with fresh dies. I believe that NGC had the right idea by changing their "First Strikes" to "Early Releases" Thus avoiding any mis-interpretation of the industry standard. |
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Posted 06/27/2008 11:18 am
