| Author |
 Replies: 41 / Views: 8,345 |
|
|
|
Bedrock of the Community
 13014 Posts |
Quote:
If that was the case then why would the other guys not us ICG as well? None of the shows sell anything less than MS or PF 69 on the modern stuff. Again, they are no different than the other three. What the networks/shows sell them for after they are graded is NOTHING any of the TPGs can control. Because HSN may have made them sign an exclusive agreement for shows like that? And it is a fair point that the TPGs have no control what the networks do with them. That said they still almost always seem to have the highest populations of perfect coins. Theyre not a basement slabber by any means but at this point PCGS and NGC dominate the modern market and I still stand by my statement we would be better off if they just combined and everything was graded with the same standard. |
|
Pillar of the Community
Australia
7096 Posts |
|
|
Bedrock of the Community
13014 Posts |
Quote:
Whenever I hear the words First Strike, I think of Mike Mezack of HSN touting this as a rare coin. It is not rare, it is a coin with a mintage of just under 9 million pieces. First Strike designation should have no affect on the value. Thats exactly what I was thinking of as well. For a single eagle only a 1995-w could get me to even consider paying that much and it better be a perfect 70 for that price. But even of thinking about that I am not sure I could ever spend that much on an eagle. I do collect them and would like to one day have a full set, but for that type of money Id rather use it on a classic commem. I do think its a bit dishonest to tout it as only 114 first strike 70s. There is no difference between those and the other 70s besides the label, and to me I would be more interested in the total 70 pop, but like you said with 9 million proof and uncirc coins minted I just dont see how they could ever fetch much of a premium over the price of the new perfect eagles. Maybe in a couple decades but not in the near future |
|
Bedrock of the Community
13014 Posts |
Quote:
Soo, I take it none of you blokes are bidding on this beauty Dont forget theyre open to offers too  |
|
Pillar of the Community
United States
3755 Posts |
You need to watch Coin Vault and Barry Chapel (sp?) and the rest of them. Trust me, there are just as many 70s from the other three. And there is a good reason for that. The mint has gotten so good at striking coins that more of them are perfect or nearly so than in the past.
As for first strike, the others do that as well. Its cool, but not something to pay a ton extra.
|
|
Bedrock of the Community
13014 Posts |
Quote:
As for first strike, the others do that as well. Its cool, but not something to pay a ton extra.
Which we can thank the HSN guy for. I like the idea of what the first strike designation was intended to be, if they actually were first strike coins or say the first 10 percent of the mintage for each coin |
|
Pillar of the Community
United States
1285 Posts |
This IMO is rather silly...paying large premiums for labels. Depending on which side of this issue you are on and some folks are going to be left holding items which are worth less in the future. Another good example is the various labels they used for the 25th silver eagle anniversary 5 coin set. As it is today raw opened mint sets are at or above sets graded 69 from a price perspective. Buying sealed boxes is another waste of money (what's in the box? Rocks..who knows!). Nothing wrong with collecting coins graded 70 etc...that's coin collecting and is totally different than collecting "what's on the label" / "what inside the box" etc All of the above my 2 cents FWIW..someone on ebay paid a $2,000 premium for a 2007 first spouse gold coin which had the "first strike label" about 3 or 4 weeks ago. Edited by Ceylon62
05/20/2012 2:16 pm
|
|
Bedrock of the Community
13014 Posts |
Ceylon I couldnt agree more with what you said. I dont mind paying a premium for a 70 coin, but I dont want to pay a premium on top of that for a label. If it was a dollar or two for a cooler label I would do it but not much more than that and certainly not hundreds of dollars more with out Mercanti himself signing things saying this actually was one of the first coins produced not just the first one graded. I could be wrong but I have a feeling the first strike premiums will die down over time as more people realize it means nothing. I do sort of understand the sealed box thing for 25th anniversary ASE sets so you know they didnt replace any coins but other than that I dont get the premium for ungraded sets. I know people hope it will be a 70 if they send it in, but if you want a 70 just buy a 70. At this point very few if any would get 70s as they dont want the population to explode and it was already against your odds in the first place to get that. Im actually shocked someone would pay that type of premium for a label. Honestly I'm shocked someone paid that much for that coin in general as those things barely sell in the first place |
|
Pillar of the Community
United States
1285 Posts |
Once you look beyond the hype etc on the 25th anniversary set....There are 2 coins that have 100K mintage and that's NOT about to change for while whether the coins are sealed inside a box or NOT. This is the point that most are missing with this set and at some point these "original" raw sets will dry up / be collected for what they are. The rest of it is just a lot of "noise"....jmo
Also the mint has good at striking collector coins and most would grade 69 or 70 as long as you keep it the way they came from the mint.
|
|
Bedrock of the Community
13014 Posts |
Ceylon I think your right about a lot of the different types of 25th Anniversary set ways to buy is just a temporary fad. At the end of the day there are only 100k of the two unique coins and no amount of coin swapping ect can do anything to increase the number of sets.
Personally I'm more interested in those two coins than the others, especially the reserve proof, but would like a completed set if the right price comes along. I'm probably in the minority on this but for the other 3 coins I dont get why they fetch a premium for the 25th anniversary label since they literally are the same coins you could buy all year they just happened to be shipped in a box with the two special coins. I mean you can argue theres only 100k that could have that label, but just like first strike labels theres nothing special about the actual coin
|
|
Rest in Peace
United States
9104 Posts |
Quote:
It is not rare, it is a coin with a mintage of just under 9 million pieces. First Strike designation should have no affect on the value. Back in the 1800s, the idea of a coin being designated a first strike was meaningful, since such coins were often presentation pieces to those who attended striking ceremonies, and often were better detailed than later strikes. Now, that first strike goes to anyone anywhere willing to pay a premium, and we already have a grading system pointing out the better struck coins. When 90% of an issue is MS69/70, even those lofty grades are pretty much meaningless. |
|
Bedrock of the Community
13014 Posts |
Quote:
Back in the 1800s, the idea of a coin being designated a first strike was meaningful, since such coins were often presentation pieces to those who attended striking ceremonies, and often were better detailed than later strikes.
If that still held true today I would be very interested in them. Honestly I do wish they would either drop the label all together, or work something out with the mint where the first 10-15 percent of the mintage could be set aside and first strike would actually mean first strike. Quote:
Now, that first strike goes to anyone anywhere willing to pay a premium, and we already have a grading system pointing out the better struck coins. When 90% of an issue is MS69/70, even those lofty grades are pretty much meaningless. My feeling is that for moderns, in our lifetime at least only the 70 is meaningful. Its almost assumed that any raw is a 69 or 68 at worse (assuming it hasnt been handled) making it pretty much worthless for the time being to have it graded saying that. The only advantage I could see to that would be for passing it along to future generations of the family where it could one day command a premium like the older coins. |
|
Rest in Peace
United States
9104 Posts |
Quote:
I do wish they would either drop the label all together, or work something out with the mint where the first 10-15 percent of the mintage could be set aside and first strike would actually mean first strike. No practical way to do this, when some issues are all struck before initial release. |
|
Pillar of the Community
United States
1285 Posts |
Quote:
No practical way to do this, when some issues are all struck before initial release. Not sure how many coin collectors realize this FACT. |
|
Pillar of the Community
United States
2295 Posts |
I don't see why First Strike should matter, since you can't get better than MS-70, it shouldn't add any extra value to the coin. They are sucker hunting. I find it very funny that they call a 2005 coin old! How old is the seller? Three years old? |
| |
Replies: 41 / Views: 8,345 |
First Page
Posted 05/20/2012 01:38 am
