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 Replies: 25 / Views: 2,515 |
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Valued Member
United States
179 Posts |
There is a thread here which solidly proves "First Strike" is a fiction, just a ploy by marketing guys to pad their pockets.
Having said that, I haven't received the silver yet, but the gold reverse proof is absolutely spectacular.
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Valued Member
United States
390 Posts |
I guess the "First Strike" label is supposed to be for only those coins delivered from the mint within the first 30 days, and you have to have confirmation of this and send in the box from the mint unopened to get it. I think that is the guidelines I read, anyways.
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Valued Member
United States
208 Posts |
quote:
Originally posted by Guido
I guess the "First Strike" label is supposed to be for only those coins delivered from the mint within the first 30 days, and you have to have confirmation of this and send in the box from the mint unopened to get it. I think that is the guidelines I read, anyways.
That is how I understood it when reading about 2006 Buffalo First Strikes. I Picked up a NGC MS-69 2006 Buffalo First Strike. Very beautiful coin. |
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Pillar of the Community
 United States
1203 Posts |
quote:
Originally posted by Guido
I guess the "First Strike" label is supposed to be for only those coins delivered from the mint within the first 30 days.
That is only part of the reason, and a small part at that! The bigger reason is to fleese some deep pocket collectors out of more of that green stuff that is required to have such a thing. It's known as EGO and can cost you a lot of money.  |
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Valued Member
United States
390 Posts |
No arguments on that one, OldDan. It is kind of hard to imagine why a coin considered "First Strike", which is within the first 30 days of shipment would be that much different from the rest of the coins produced (who knows how many coins are produced and then shipped within that first 30 days. There is a lot of room for cheating it seems). Perception is what it's all about, and the perceived value of a "First Strike" is higher now, until someone or something sets things straight (if that happens, anyways).  |
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Valued Member
United States
397 Posts |
quote:
Originally posted by Guido
Perception is what it's all about, and the perceived value of a "First Strike" is higher now, until someone or something sets things straight (if that happens, anyways).
The record HAS been set straight..... http://www.usmint.gov/consumer/inde...ion=HotItemsSee second paragraph MM  |
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Valued Member
United States
179 Posts |
Thanks for the link, Morganman,  I've seen that info but still don't know how to make a link...I'm pretty much a ssslllooowww learner with these computers.  To the subject, OldDan is right on target...folks, this "First Strike" business is a fabrication of the marketers.  The USmint in the linked article Morganman posted stated that shipment of a coin bears no relationship to the order it was struck. Translated: the last coin shipped out of the mint is just as likely to be a Pr70 or MS70 as the first one shipped. In my humble opinion, the "added value" of these first strike labels will soon evaporate as collectors educate themselves. |
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Valued Member
United States
390 Posts |
quote:
Originally posted by morganman
quote:
Originally posted by Guido
Perception is what it's all about, and the perceived value of a "First Strike" is higher now, until someone or something sets things straight (if that happens, anyways).
The record HAS been set straight.....
http://www.usmint.gov/consumer/inde...ion=HotItems
See second paragraph
MM
Thanks, MM!  I seem to vaguely remember reading something about that, but now we have the definitive proof from the U.S. Mint itself. Boy, I hope they stick it to all those TPG's doing First Strikes! I'm even seeing 2001 first strike ASE's now! |
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Valued Member
United States
208 Posts |
The 20th Anniversary ASE looks sharp. The reverse proof is nice, and the mint mark on the BU, I think will make it a more valuable coin. The price from the US Government mint is 100.00. I will probably buy one in the near future. |
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Pillar of the Community
United States
595 Posts |
How exactly do they do a reverse proof? The proof coin is easy to figure out -- polish the planchet first. How do they polish the raised parts? (Devices, are they called?)
Got my set last week, and yes, them coins is mighty nice.
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Valued Member
United States
390 Posts |
You are right. The reverse proof has the raised figures in shiny condition while the background is misty, just the opposite of a regular proof. I don't remember the correct names for each of these, but basically that's what it is.
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Valued Member
Australia
335 Posts |
Is that what they call FRUNC, or is that just how they describe a similar process but for uncirculated coins?
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Valued Member
United States
390 Posts |
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Pillar of the Community
United States
1203 Posts |
Way back in 1955 when they issued the proof ASE with the W mint mark along with the gold coins, there may have been any number of people who were collecting ASE's and had a full set. After they issued the 95W there could have been a total of only 30,125 complete sets, as that is the number of coins sold. How we have the uncirculated ASE with the w mint mark and the reverse proof ASE being issued in special sets. How many complete sets would you estimate there are at this time? This should over time increase the value of complete sets, I would think.  |
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Pillar of the Community
United States
1283 Posts |
EDIT: REPLY WENT TO WRONG THREAD. WEIRD BUG
Edited by USArmyParatrooper
10/22/2006 7:27 pm
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Replies: 25 / Views: 2,515 |
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First Page
Posted 10/17/2006 2:01 pm
