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How Crazy Are Special Labels Your Opinions

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Bedrock of the Community
GR58's Avatar
United States
11951 Posts
 Posted 11/23/2011  9:19 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
It is nice to see there are a lot that are thinking the same way about special labels.

I recently asked four different coin shops about FS and ER labels .. none of them paid any extra for the labels
or charged any more when selling them.

The breaking point for me is with the 25th ASE .... .. the 5 different ASE's make a set, weather they came in
the same box or not. So the TPG's cost us extra money by

- Having to have a sealed box made many collectors send in more sets than they would have if not for having to
be in a sealed box.
- If we just had to send in the different 5 coins, we would save a lot on shipping, by not having to ship the
goverment OGP/blue box both ways
-If we could see the coins before shipping them in, we could catch any that are damaged in shipping or other
flaws and swap that coin out for a better one. The goal is to have a high grade set .. not to see if we were
lucky that nothing happened to the coins before they get graded.

Everyone should voice there concerns to the TPG's ....I am just not sure the best way to do that
Bedrock of the Community
United States
20753 Posts
 Posted 11/23/2011  9:36 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:

Everyone should voice there concerns to the TPG's ....I am just not sure the best way to do that


Either your kidding or are dreaming. Saying anything to any organization about what they are doing to make money is sort of a massive waste of time. As long as they are making money, and lots of it, why should they listen to a few disgrunted individuals. That would be like sending Walmart a letter of complaint about all the things they sell that say Made In China. Ever try complaining about your taxes?
Imagine sending Whitman a letter saying a few hundred of us don't like something they do. They deal with millions of people so what is a few hundred of even a thousand people.
As long as those TPGS's are making money they do what they want.
Valued Member
everything's Avatar
United States
493 Posts
 Posted 11/23/2011  11:01 pm  Show Profile   Bookmark this reply Add everything to your friends list Get a Link to this Reply
Quote:
A buyer knows the coins did not sit around in someones musty basement, or humid southern climate for too long before they were encapsulated
-----------------------

That is not entirely Accurate. Coins can be submitted 20 years after issue if still sealed in mint box and was shipped prior to cutoff Date for First Strike or Early release.

I am 1 of the Label collectors and will not buy a Coin without First Strike in the series they exist for.

I have over 500 Slabbed coins, Mostly moderns and love the different labels.but to each his own. I also have complete sets of Moderns in Dansco's Mostly from mint sets
-------------------------------
Can you describe an example of this?, I was going off this.
http://www.ngccoin.com/services/earlyreleases.aspx
NGC offers the Early Releases designation for coins received by NGC during their first month of release
How much would NGC charge to store your unopened box for twenty years?
Edited by everything
11/23/2011 11:12 pm
Valued Member
United States
320 Posts
 Posted 11/23/2011  11:31 pm  Show Profile   Bookmark this reply Add Secret Argent Man to your friends list Get a Link to this Reply
here's the thing- they might be essentially meaningless in the great scheme of things BUT why not?

I mean if the TPG's customer wants the service and is willing to pay extra to obtain it, why would the TPG turn down that opportunity? It doesn't seem as if the TPG's are hyping it unnecessarily, they don't have a price list for first strike and another for non-first strike. I don't believe any TPG's are saying it adds any extra value at all, it's just something optional they offer.

If you don't like it don't buy it when sending in your coins and don't pay any premium if purchasing the coin later. That's all. Maybe the saying "buy the coin not the holder" could be expanded to "buy the coin not the holder or the label."

And who knows, in 100 years they might collect today's coins like we do with Morgans. Only instead of binocular microscopes and usb powered microscopes they might use a scanning electron microscope or some tool we don't even have yet... and then the "first strike" designation might actually take on a new meaning or emphasis.
Valued Member
wif99's Avatar
United States
377 Posts
 Posted 11/24/2011  3:48 pm  Show Profile   Bookmark this reply Add wif99 to your friends list Get a Link to this Reply

Quote:
Can you describe an example of this?, I was going off this.
http://www.ngccoin.com/services/earlyreleases.aspx
NGC offers the Early Releases designation for coins received by NGC during their first month of release
How much would NGC charge to store your unopened box for twenty years?


I was not aware you were talking About just NGC, I thought the satatement was about slabs in general and PCGS will Give First Strike 20 years from now without storing the box

http://www.pcgs.com/services/firststrike.html
Pillar of the Community
SteveCaruso's Avatar
United States
1796 Posts
 Posted 11/24/2011  6:24 pm  Show Profile   Bookmark this reply Add SteveCaruso to your friends list Get a Link to this Reply
I always feel a bit hesitant when people ask questions such as "Why not?" and "Who knows?" when prefaced with a firm "it's essentially meaningless." If it's truly meaningless, why do it at all? "Why nots" jump the gap from a hobby for the pleasure of it, to a game of speculation for profit.

As a hobbyist myself I find that a large number of designations a waste of time. For a company, however, extra designations mean more potential sales or rarities for their product (like the three colors example barryg expressed; it's the same thing).

The "Early Release" or "First StrikeĀ®" designations (note that the later is a registered trademark of PCGS) I find at best comical, and at worst, misleading. Unless the Mint designates "these X number of coins came out of the machines first" with some difference in the design, calling anything "First Strike/Early Release" is dishonest, as there is no means to tell one apart from the other other than a smudge of ink on a slip of paper. It's a grading company designation and not (in my opinion) a genuine variety that's worth any sort of acknowledgement.

Grading in and of itself (especially at the higher end of the Sheldon Scale) is still more art than science. Things like PCGS's Plus designation or CGS's Star designation add on additional layers of granularity and opinion that don't tell much qualitatively about the actual coin itself other than how a particular critic thinks about it. Then again, I've been of the opinion that the Sheldon Scale was a bit too granular from the start and as it stands and no one really uses the full 70 breadth of points today (so why would anyone want to *extend* it?).

Anyways, that was more than my Two Cents, as it were. :-)

To summarize: Yes, some of these special designations are quite silly in my opinion.
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