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 Replies: 95 / Views: 14,325 |
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Pillar of the Community
Canada
1823 Posts |
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Pillar of the Community
 Canada
2360 Posts |
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... SP70 50TH ANNIVERSARY CANADIAN FLAG FIRST RELEASES" 2 sold for $250 ... What is the definition of First Releases? |
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Pillar of the Community
Canada
1823 Posts |
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What is the definition of First Releases?
I think they make them in batches. The first batch is the 1st release just my guess. |
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Pillar of the Community
Canada
2019 Posts |
First release is like "Specimen Strike" The first batch of coins from Fresh new dies. But I think $250 for one is just silly, but its appears people will pay that price for one, crazy.
Plus just because someone says it a "First Release" how do you really know it is, I guess if its slabbed then it "Might be"
Edited by Northerncoins
02/27/2015 08:52 am
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New Member
Canada
22 Posts |
Went ahead and ordered a couple from CP...good for the kiddies...not sure if I like the look, but I think it will be well received by them
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CCF Master Historian of USA Commemoratives
 United States
12296 Posts |
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What is the definition of First Releases? "First Release" (or "First Strike" or similar) is a term the third-party grading services (e.g., PCGS, NGC, ANACS) apply to coins that are among the first to be graded. There is a specific time limit after release (generally 30 days) during which the coins must be submitted to the grading service to be eligible for the designation. The "First Release" label does not mean the coin was necessarily among the first to be struck, it simply means it was among the first to be graded. Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
Canada
2019 Posts |
Quote:
"First Release" (or "First Strike" or similar) is a term the third-party grading services (e.g., PCGS, NGC, ANACS) apply to coins that are among the first to be graded. There is a specific time limit after release (generally 30 days) during which the coins must be submitted to the grading service to be eligible for the designation.
The "First Release" label does not mean the coin was necessarily among the first to be struck, it simply means it was among the first to be graded. Ok I get ya, But thats even more silly since a coin at so called first release could have been the 1 millionth coin punched but if it gets graded within 30 days its a "first release" Just another money grab using terms that really don't mean much to scam unsuspected buyers, shame on them. |
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CCF Master Historian of USA Commemoratives
United States
12296 Posts |
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Just another money grab using terms that really don't mean much to scam unsuspected buyers, shame on them. The grading services have created a market for modern coins in "special label" holders. Coins encapsulated with "First Strike" or "Early Release" labels along with those with special graphical inserts have all become a very collectible segment of the modern market. While I agree that the practice is a bit of a "money grab" by the grading services and large dealers of modern material, I don't view the use of the labels as a practice meant to "scam unsuspecting buyers." Many of these special-label coins are eagerly sought out by those who purchase them. Some collectors look to collect the same coin in all of the various holders available. If it makes them happy, it's good for them and good for the hobby. I think the only folks who might get "scammed" by the various labels are those who do not take the time to understand what the labels mean and assign a meaning to them on their own - these folks might then be disappointed if their assumed meaning is not correct. The grading services explain the various labels on their web sites, they are not trying to hide anything. As always, the knowledgeable collector is the successful collector. Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
Canada
2019 Posts |
I didn't mean the grading companies where a scam, I meant the first release designation was, But now that you mention it , another questionable practice from coin graders in the grading of bullion , lots of write ups on line about that so I wont bother going into detail here.
Coin Grading is great for circulation coins but for brand new NCLT and Bullion its very questionable.
But anyway to each their own most of my "ungraded" bullion and NCLT is just as good as most of those graded/ carded ones. Actually maybe more so since my NCLTs have not been taken from their airtight capsule and handled , then put into a plastic holder.
Edited by Northerncoins
02/27/2015 4:00 pm
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Pillar of the Community
Canada
2360 Posts |
I have seen the frenzy that the first release of the Kennedy Gold 1/2 Dollars 2014 caused at the ANA big show in the states. http://www.kitco.com/ind/Stuppler/2...isaster.htmlI didn't think that this designation was to be used on regular NCLT. I thought that it was only for special releases. I can't see me paying any more for the 2015 1/2 Ounce Maple Leaf just because someone sent it in within the first 30 days of issue. But it is the coin owners right to have it graded. This is a money grab plain and simple. You are payng for the sticker. No value added it seems, but with a First Release designation, it would add some value to those who collect them specifically. First Release designation added $3,000 to the value of a 2014 50th Anniversary Gold Kennedy 1/2 Dollar. Thanks Commems for the information. Edited by SilverDon
02/27/2015 6:31 pm
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Pillar of the Community
Canada
6768 Posts |
The same with package, COA and other stuff comes with the coin.
Tell to the Star Trek fans that two silver cons (Kirk and Enterprise) they can buy in separate, without overpaying for plastic, with led and batteries, toy.
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Pillar of the Community
Canada
2360 Posts |
The term Hand Selected comes to mind on the 1912-1914 Gold $5 and $10 Coins.
Paid extra for that designation as well. With Special Gold Hoard Sticker on Slab.
More Holograms, and stuff just like Hockey Cards. Hope this hobby doesn't follow the
same trajectory as sporting cards.
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Pillar of the Community
Canada
1528 Posts |
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Tell to the Star Trek fans that two silver cons (Kirk and Enterprise) they can buy in separate, without overpaying for plastic, with led and batteries, toy. I don't think they care about the coins. It's more of the transporter that they want and it happen to have two star trek coins in there :) |
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Pillar of the Community
Canada
6768 Posts |
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It's more of the transporter that they want and it happen to have two star trek coins in there :) Even didn't think this way. I assumed, that there is full of similar stuff around (like Transporter). [Like for example, these days, the Disney Store and Toys R Us full of "Star Wars" items] |
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Pillar of the Community
Canada
2019 Posts |
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Even didn't think this way. I assumed, that there is full of similar stuff around (like Transporter).
[Like for example, these days, the Disney Store and Toys R Us full of " Star Wars" items] Thats all true but most toys are mass produced and don't have a mintage of only 1500, if these transporters had a unlimited mintage like most toys then the set wouldn't be worth much more then the value of the coins. Now if there were a third coin with Spock in the set ,these would be even hotter. I wonder who will be the first to bring out a Memorial Spock/Nimoy coin. Edited by Northerncoins
02/28/2015 07:20 am
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Posted 02/27/2015 08:28 am
