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 Replies: 753 / Views: 59,693 |
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New Member
United States
13 Posts |
Hi I am new to the forum. I would like to know your opinion on this set. Is there a big difference between First Strike and Early Release on the SP70? Is that worth $70.00 difference on ebay? Thank you very much. |
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Pillar of the Community
United States
1913 Posts |
NTVN2017, my opinion is that those designations are useless in general as the strike and condition of a coin already speaks for itself. With this set though, those designations seem especially useless because it appears that all of the coin sets have been available within the first 30 days of the release. So, regardless of whether or not the coins have a special label from a 3rd party grading service, everyone knows that they were all released within the first thirty days. It's kind of like a special label on a bottle of beer. It looks nice, but the beer inside is exactly the same. It's up to you to decide if you're interested in collecting coins or coins along with special labels. Regardless of what you decide, I'd say that you should do what you enjoy and don't let the current/future value drive your decision making process.
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Pillar of the Community
United States
7624 Posts |
Welcome NTVN2017!
Just my opinion but the labels like "First Strike", Early Release", "Pawn Stars" etc are just marketing gimmicks designed to help seperate you from your money.
They are not worth it to me. I let each coin I buy stand on it's own merits. I don't need a label to help me buy a coin.
Other collectors have their own opinions and preferences. That's what makes our hobby what it is!
Edited by westernsky
08/19/2017 10:29 pm
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New Member
United States
13 Posts |
Thank you Bret & Westernsky. Since I am also new and still learning about coin collecting, I don't see much different. I very much appreciate your valuable advises.
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Pillar of the Community
United States
1913 Posts |
As of right now, these sets are available from the mint. I bought seven and five were perfect. Odds are that you'll get one without any issues. Since you're new to coin collecting, I'd suggest that you start with a series that is inexpensive and doable for you. If you make a mistake, it won't cost you a lot of money. What you learn can later be applied to more expensive coins.
BTW, you said "I don't see much different." If you can't see a difference then you either have more to learn or there is no difference. Don't rely on the opinions of 3rd party graders as a substitute for your knowledge/judgement. Ask questions here. Everyone loves to share their knowledge and there are no dumb questions.
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Moderator
 United States
189142 Posts |
I was tempted to get another set. Not sure why, but I pulled it up and thought about it for a few minutes.  |
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Pillar of the Community
United States
4901 Posts |
Quote:I would like to know your opinion on this set. Is there a big difference between First Strike and Early Release on the SP70? Is that worth $70.00 difference on ebay? The good collectors on this forum are not into graded coins and that's fine BUT what you will get are BELIEFS not facts from them which is fine but not what you asked. Over time FS/ER labels DO sell for more than graded coins from those companies without that designation The difference between the two labels you mentioned is really the perceived difference between two companies...PCGS (First Strike) and NGC (Early/First Release). Facts show that, on modern coins, they eventually sell for close to the same price. Almost ALL of the sets presently for sale are either FS or ER/FR (duh) so the choice is the company not the label. First Strike sets presently ARE selling for more than the ER/FR sets but, most likely, they will be close in price. I bought a few PCGS sets early on but recently have been buying the NGC sets (yes, Early/First release) because I BELIEVE they are a better value...no facts on this yet because the history is too short. I bought a set last night for $18.60/coin (NGC EF-70's ER). It would cost you twice that just to grade that set. Edit: Oh I forgot...  Edited by Foxwoods Man
08/20/2017 07:08 am
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Pillar of the Community
United States
2815 Posts |
Quote:
The good collectors on this forum are not into graded coins and that's fine Uh, seems like a pretty careless statement to me. Care to elaborate? The FS/ER designated labels ARE a selling gimmick. This is not a belief. This is a common sense fact. Why would they come up with something like this, except to make more money? Remember, we're talking about MODERN issues here. It's not the same as comparing a MS62 1881-S Morgan to a MS68DCAM 1881-S Morgan. You KNOW the 68DCAM was one of the first coins struck. These modern issues? They're all virtually perfect. The minting process is much improved in this day and age, so variations in strike are negligible, especially since they're not minting millions upon millions of these coins. The short of it? Just because there are people who will pay extra for such labels doesn't mean there is a difference in the coins. There is not a difference, except for how the ink is arranged on the label. Edited by Darth Morgan
08/20/2017 09:30 am
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Pillar of the Community
United States
4901 Posts |
Quote:
The FS/ER designated labels ARE a selling gimmick. This is not a belief. This is a common sense fact. Absolutely and I'm not arguing that point but it is a fact that they sell for more than non FS/ER coins...no common sense needed and not what the question was about Quote:
The short of it? Just because there are people who will pay extra for such labels doesn't mean there is a difference in the coins. There is not a difference, except for how the ink is arranged on the label. Never said there was a difference in the coins...the coins are obviously the same ...my ONLY point was that they will sell for more if that is your eventual end goal ..and to repeat my comment about the actual question asked: Quote:Is there a big difference between First Strike and Early Release on the SP70? Is that worth $70.00 difference on ebay? The OP was asking about the difference between two labels each from a different company...NOT whether to buy a raw, regular label or a FS/ER coin....simple question since all available graded sets right now have one of those designations on them so you are only choosing a TPG. "Is one worth $70 more than the other"...probably not (opinion) Edited by Foxwoods Man
08/20/2017 10:09 am
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Pillar of the Community
United States
2815 Posts |
Quote:
Absolutely and I'm not arguing that point but it is a fact that they sell for more than non FS/ER coins...no common sense needed and not what the question was about
Then what did you mean by this statement? Quote:
BUT what you will get are BELIEFS not facts from them which is fine Because from what I read, no one stated that there is NO difference in price between FS/ER and standard labeled sets. Their BELIEFS (Opinions?) were regarding STRIKE/QUALITY, not pricing. They WERE answering the question by giving their opinions on the coins and said labels, which is entirely appropriate. Quote:
"Is one worth $70 more than the other"...probably not (opinion) I would go a little further and say, absolutely not.  Edited by Darth Morgan
08/20/2017 2:38 pm
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Pillar of the Community
United States
4901 Posts |
Quote:
Quote:
Absolutely and I'm not arguing that point but it is a fact that they sell for more than non FS/ER coins...no common sense needed and not what the question was about
Then what did you mean by this statement? 1) in the future they will sell more than non-FS/ER slabs (which presently there are none) 2)It was not what the question was about But I repeat myself at request.... ..and regarding future value I would tend to "probably not" because the future has not been determined yet and nothing is absolute In the end a collector should buy what they want after doing their own research and not predicate their purchases on what any one poster says. I see the value in slabbed coins...some prefer raw coins. Both are a valued piece of coin collecting and investing. ...and we probably have discouraged this newbie from asking any future simple questions...  Edited by Foxwoods Man
08/20/2017 4:35 pm
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Pillar of the Community
United States
4901 Posts |
BTW...do your research if you are buying a graded set. 44 of these sold at MCM Same set I paid $186 for yesterday and $192.50 the day before Great set to try and low ball.... DO NOT PAY FULL (BIN) PRICE Edited by Foxwoods Man
08/20/2017 5:07 pm
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Bedrock of the Community
United States
10038 Posts |
The special labels may one day follow the route of the Beanie Baby craze since the only thing driving the market is the different ink - not the enclosed coin.
There is no intrinsic value to the labels except aesthetics. I can see how a collector likening a specific coin can "justify"to themselves spending more money to have more examples of the coin they like b/c the packaging gies the collected items enough "difference."
Admittedly it is only my OPINION, but I think people investing money in different slabs with the intention of them retaining or gaining value over the years will be disappointed. I think the idea of this notion is what drives people to want to call others foolish for collecting this way.
If a person collects the different ones just b/c they like them - that's a different story to me. It is their hobby, and a hobby is about fun. I also have sometimes spent good money for something I wanted simply b/c I wanted and liked the item.
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Pillar of the Community
United States
2815 Posts |
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..and regarding future value I would tend to "probably not" because the future has not been determined yet and nothing is absolute A fair enough assessment.  |
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New Member
United States
47 Posts |
The real question is how many times is Foxwoods going to keep mentioning this amazing deal he bought on some certified set.
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Replies: 753 / Views: 59,693 |
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Posted 08/19/2017 10:23 pm
