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New Silver Eagle SF Mint Two-Coin Set

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Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 08/26/2012  5:24 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Clair I agree the details on the uncirc are great, even the bullion coins have been looking especially nice lately.

I almost wish the proofs didnt have such a deep mirror on them. I like the mirror look but its gotten so great that the slightest little thing just stands out so much it seems impossible to really have a perfectly clean one over time.

I agree too the RPs are by far my favorite. The mirror on them is great and without it taking up such a substantial part of the coin you dont run into those same clean looking problems
Edited by basebal21
08/26/2012 6:10 pm
Valued Member
United States
81 Posts
 Posted 08/27/2012  1:29 pm  Show Profile   Bookmark this reply Add addielise to your friends list Get a Link to this Reply
What is NGC hiding? They can report figures for 22,000 graded 2012 W uncirc silver eagles on a timely basis but just 255 S proofs and NO reverse proofs? Based on ebay listings, I'd have to guess that they've graded 5x-10x as many as PCGS, and they're showing about 6400 total graded so far.

I also wonder if any new orders from the first 150k are still being shipped or if they're done and now they're waiting for more. All I know is I sent back 12 sets in poor condition, got replacements 2 weeks later, and sent them back for a refund as they were just as bad.
Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 08/27/2012  5:54 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Just from availability I would guess they have graded more as 70s than PCGS and may be surprised by the low number waiting for those populations to increase a bit before releasing theirs. Or theyre just lazy who knows. It is quite odd populations for a coin that came out afterwards are up and that isn't
Pillar of the Community
United States
1026 Posts
 Posted 08/28/2012  09:54 am  Show Profile   Check omxfl's eBay Listings Bookmark this reply Add omxfl to your friends list Get a Link to this Reply
...and why wouldn't they? Just think about it - if NGC grade more coins as 70 than PCGS they will get more business from collectors. If you have the choice between them, then you're more likely to send your coins to a TPG that gives you a 70 back. Of course, NGC's reputation would be on the line if that was true. Risky, but they'll do anything for money. Consider these ER or FS designations - TOTAL BS, but idiot collectors pay for that. There is a sucker born every day...
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wif99's Avatar
United States
377 Posts
 Posted 08/28/2012  10:00 am  Show Profile   Bookmark this reply Add wif99 to your friends list Get a Link to this Reply

Quote:
but idiot collectors pay for that


I don't believe calling me an idiot when you don't even know me is necessary
Pillar of the Community
United States
1026 Posts
 Posted 08/28/2012  10:15 am  Show Profile   Check omxfl's eBay Listings Bookmark this reply Add omxfl to your friends list Get a Link to this Reply
I didn't mean to be personal, but everyone who pays quite a lot of money for FS or ER designations and does not know when the coin was actually struck should really ask themselves if the are not falling for a trap. NGC & PCGS are having a laugh at the collectors' expense here. These FS or ER designations are totally meaningless and it is beyond me how an intelligent human being falls for that.
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clairhardesty's Avatar
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1027 Posts
 Posted 08/28/2012  10:38 am  Show Profile   Bookmark this reply Add clairhardesty to your friends list Get a Link to this Reply
I see nothing wrong with informed collectors preferring and paying for FS/ER labels on their coins. I am reasonably sure that most here know that all of those designations really mean "first shipped" and nothing more, nothing about the coin itself. My issue is with the TPGs and Telemismatists who continue to imply that the labels mean that the coins are somehow special. The coins so labeled were, in fact, among the first made available to the public and were almost certainly minted prior to the release date. Unfortunately there are many casual collectors who don't know that by that time many die sets have come and gone and that there is as much variation among FS/ER coins as there will be among coins minted and/or shipped out later.
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wif99's Avatar
United States
377 Posts
 Posted 08/28/2012  10:47 am  Show Profile   Bookmark this reply Add wif99 to your friends list Get a Link to this Reply

Quote:
These FS or ER designations are totally meaningless

If they were Totally meaningless there would be no cut off date. So they obviously mean something. Maybe not what you feel they should. I buy them primarily because I like the Flag Design I believe the plain Slab is boring and The PCGS First Strike Slab is a piece of Art. It is my money and my collection there for I will put in in what I Like

Quote:
it is beyond me how an intelligent human being falls for that.

If that makes me an Unintelligent human so be it.
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clairhardesty's Avatar
United States
1027 Posts
 Posted 08/28/2012  12:19 pm  Show Profile   Bookmark this reply Add clairhardesty to your friends list Get a Link to this Reply
The FS/ER labels do mean something, just not what their name implies. They mean that the coin was shipped out by the mint in the first 30 days of shipments. This almost certainly means that the coin was minted before shipments began. The value of this sort of provenance is clearly questionable but for those who, like wif99, buy coins so labeled because they enjoy the look of them, the value they attribute to the label is something they have determined to be worth their money. It is not the buyers of these items we should attack or even deride, it is the makers and perpetrators of false meaning and false value that we should shine out lights on.
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basebal21's Avatar
13014 Posts
 Posted 08/28/2012  12:20 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
..and why wouldn't they? Just think about it - if NGC grade more coins as 70 than PCGS they will get more business from collectors. If you have the choice between them, then you're more likely to send your coins to a TPG that gives you a 70 back.


Theres two sides to that. Some people may then switch to sending into NGC while others may then switch to PCGS wanting the harder to get 70.



Quote:
I see nothing wrong with informed collectors preferring and paying for FS/ER labels on their coins




Theres nothing wrong with some one knowing what it is and saying I want it anyway I like the look ect. I like the flag on it too but wont pay much if any premium for it. I wish the normal labels did have designs by the series and do enjoy the ones that get designs on them.

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Foxwoods Man's Avatar
United States
4901 Posts
 Posted 08/28/2012  1:49 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
My Two Cents:

First Strike is a meaningless term (explanation above)

Early Release actually makes sense...the coin was from a early release (shipment) of the coin. Nothing mentioned about when it was minted just when it was "released" and at no extra cost it is a no brainer when having coins graded.
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SA4H's Avatar
United States
2764 Posts
 Posted 08/28/2012  2:05 pm  Show Profile   Bookmark this reply Add SA4H to your friends list Get a Link to this Reply
MCM has NGC PF70 sets available (about 40 total) and the price was raised from 289USD to 299USD..... seemed like the PF70 set prices are keep creeping up.... NGC PF70 sets are trailing PCGS PF70 set by about 130USD..... so unless NGC 70/69 ratio is significantly higher than PCGS, it's in NGC best interest to release those figures to bring up the value of NGC PF70 sets.
Valued Member
talkcoin's Avatar
United States
110 Posts
 Posted 08/28/2012  2:19 pm  Show Profile   Bookmark this reply Add talkcoin to your friends list Get a Link to this Reply

Quote:

I didn't mean to be personal, but everyone who pays quite a lot of money for FS or ER designations and does not know when the coin was actually struck should really ask themselves if the are not falling for a trap. NGC & PCGS are having a laugh at the collectors' expense here. These FS or ER designations are totally meaningless and it is beyond me how an intelligent human being falls for that.


.... Well, let's see.... Those who bought the PCGS FS pr70's sets from ST for $239 in the beginning... Hmmm, then there are people like you, who feel it is meaningless to buy these labels and they wait & wait & wait... Well, if people like you want PCGS 70's right now, your going to pay close to $450 for it; so who is the "unintelligent human being" as of right now? The answer is pretty simple... You

Erik
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Foxwoods Man's Avatar
United States
4901 Posts
 Posted 08/28/2012  2:33 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
Let me explain how my brain works....

I will NOT send in a bunch of coins to PCGS, pay for grading and shipping AND then add $18 for 2 words on a label. Yes, a 70 FS does have good value on resale but the % of 70's makes this a losing proposition. That $18/coin adds up and the number of 69's make it hard to break even.

I will BUY the FS 70's at a good price since that removes all grading unknowns. MUCH more cost effective. I did buy a bunch of the original ST 70's which were a no brainer.

I WILL submit to NGC since their % of 70 seems to be appropriate....AND the Early Release designation costs no more than just the San Fran label. Their coins have decent value and they play less "perceived value" games.

Just me and my thinking....

Valued Member
wif99's Avatar
United States
377 Posts
 Posted 08/28/2012  3:03 pm  Show Profile   Bookmark this reply Add wif99 to your friends list Get a Link to this Reply

Quote:
I will NOT send in a bunch of coins to PCGS, pay for grading and shipping AND then add $18 for 2 words on a label. Yes, a 70 FS does have good value on resale but the % of 70's makes this a losing proposition. That $18/coin adds up and the number of 69's make it hard to break even.


I sent in 5 sets of 2011 Eagles that's 15 coins to PCGS at a cost of $510, Got back 2 RPs, 1 S, 2 Regular Proofs certified 70 Just the 2 PRs paid for the cost, the rest were Bonus

Had I sent the Same Coins to NGC as other members reported My Percentage of 70s would have been better at less cost, but in my opinion I would have had less Quality.

NGC is to free with their 70 grades and there for will always sell for less than PCGS

With the 2012 I sent 6 sets in to PCGS at a cost of $418 and the jury is still out, but in the long run at 30% 70s I believe I will Make my money back +
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