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 Replies: 17 / Views: 1,942 |
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Pillar of the Community
 United States
1429 Posts |
Thanks - I am referring to the "Early Release" vs Standard release for comparable grades - what does the early release provide for?
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Pillar of the Community
United States
954 Posts |
The "early release" is NGC's answer to PCGS's "first strike" coins. They are marketing techniques that some find irresistible, but they are just minted within the first 30 days or so of manufacturing them. There is no special qualities to these, just happened to be struck "early". If it was MS70 in the early release slab, it would bring a premium on ebay. |
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Pillar of the Community
United States
1429 Posts |
Thanks!
What would a slabbed MS-68 command?
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Pillar of the Community
United States
4541 Posts |
you might get anything on ebay for it... but I would not pay but a few bucks over spot for it if I were to buy it which I have no interest in buying it b/c its just a regular bullion round in a slab Edited by daviscfad
01/03/2009 8:14 pm
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New Member
United States
37 Posts |
right now on ebay a ngc ms69 early release goes for between $20-$50. a ms68 is still a ms68 early middle or late release. its value is only what someone is willing to pay. remember buy the coin not the label on the slab. |
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Valued Member
United States
115 Posts |
The coin shows on TV have taken to calling the early release tag a "pedigree" and will tell you that it means they are worth a premium, but lucky us, we can still buy them from them for only way more than what they're worth. Anyways, I think it's good to have some silver around whether it's "pedigreed" or not. I agree with the others that say it's just above spot.
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Bedrock of the Community
United States
17884 Posts |
Quote:
but they are just minted within the first 30 days or so of manufacturing them. Actually it means they were submitted within the first thrity days of having gone on sale. They could have been STRUCK up to as much as six months earlier. Production starts in August of the previous year but as long as they are postmarked by Jan 31st, or received still sealled in a green monster box with a paacking slip inside from the mint dated before Jan 31st they can be slabbed as "Early Release". Same thing goes for the First Strikes" at PCGS. They can be the lst pieces off of a worn out die and they can be slabbed as First Strike or Early Release. |
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Pillar of the Community
United States
954 Posts |
Yes, submitted not minted was the correct way to explain these.  |
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Pillar of the Community
United States
6326 Posts |
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They are marketing techniques that some find irresistible  Coin selling companies will forever use anything they can to set their coins apart from ones you can get at the Mint yourself or from some other venue. These "labels" are garbage IMHO. I wouldn't pay Two Cents extra for a label claiming "First Strike" or "Early Release"......I would only pay exta for a high grade from a reputable grading service. DCam's for example would be worth the extra money beyond a regular proof. It would signify amongst the first few coins minted on a particular die because of it's superior quality. They've just taken it a step further in the "First Strike" and "Early Release" claims to get your attention.(and more of your money!) Superior quality, visually and professionally graded, are what would deem it to be "Early" or "First" really, but I guess it's all kind of opinion too. |
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Pillar of the Community
United States
1121 Posts |
I think all comments posted are correct in my opinion, but the marketing techinque has worked. They do bring a higher premium on ebay and other stores...  HSN. The good news for the novice collector this site brings attention to such marketing "gimmicks". All I can say is "Buyer Beware". But I was told long ago that a coin is worth as much as someone is willing to pay for it..bottom line. |
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Pillar of the Community
United States
6326 Posts |
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But I was told long ago that a coin is worth as much as someone is willing to pay for it..bottom line.
That has always been my Dad's saying........he applies that to ANYTHING you collect. "Something is only worth what you can find someone to pay you for it.".......it's a good saying !....  |
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Pillar of the Community
United States
1121 Posts |
Thanks eaglefoot...wish I could take credit for it, but like you, my Grandfather told me this when I was young as well
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Pillar of the Community
United States
6326 Posts |
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Moderator
 United States
188770 Posts |
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"Something is only worth what you can find someone to pay you for it." with that as well, and I apply that to the "value" of so-called price lists. The "current price" is always going to be what it is at the moment it changes hands; it can be completely different the next time it is sold. A game of "how bad do you want it" versus "how bad does the seller want to sell it" which is influenced by other people that want or have the item in question! Price lists are pricing guides only, so make your best deal!  Edited by jbuck
01/05/2009 11:50 am
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Pillar of the Community
United States
1429 Posts |
I have paid well over CV on certain coins depending on their availability and "hunger" for it. I agree with what has been said. With these, I purchased them for Bullion price anticipating there would be some premium over time for the slabbing/First Strike. I may post one for sale on forum.
Thanks for your input.
Zohar
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Posted 01/03/2009 8:08 pm
