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 Replies: 33 / Views: 4,609 |
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Bedrock of the Community
13014 Posts |
@Earle I dont think Id ever put that much into one collectable without buffet money either. Either way if they bring you joy and you can afford it by all means go for it.
@yup yes you have it right. The only thing I would add is some people also like the sealed mint shipments because it means the coins havent been cherry picked where only the duds of the lot are being sold.
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Pillar of the Community
 United States
819 Posts |
Wow! I appreciate everyone's input, I agree that whoever should be able to collect whatever......that is the foundation of the capitalist system, its your money spend it any way you want (speaking of legal endevors here, not investing in kilos of coke or anything like that).
I am just wondering when they will issue Picassio (not sure of spelling, but the Pablo guy) background label. One of his relatives started a wine company with some of his artwork on the labels, maybe it would catch hold here too!!
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Pillar of the Community
United States
819 Posts |
But after all is said and done, a Proof 70 is still a Proof 70 regardless of the label (to me anyway).
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Pillar of the Community
United States
927 Posts |
The thing that bothers me about the FS/ER labels is that people are led to believe that they are something more valuable than a "regular" slabbed coin. I know a little education goes a long way to determine if it is worth it or not, but the marketers of these products are hoping that most people will not do the research (and most are blissfully unaware). Now if the "first strike" coins were actually struck only on the first day of issue then this would mean something. Just saying.
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Bedrock of the Community
United States
17884 Posts |
Quote:
and to make sure "First Strike" only means that the coin was purchased within the first 30 days of the Mints release date for that specific coin..
Correct me if I am wrong! It means that it either arrived at the TPG within the first thirty days after the release date OR if a "monster box" arrived unopened, the packaging slip inside the box indicated it was packed before the thirtieth day after the release date. Since the ASE's were often struck months before the date on the coin it is possible to have a coin struck in Sept and one struck at the end of January both qualify as a "First Strike". In other words five months of production qualify for the First Strike designation. |
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Pillar of the Community
United States
899 Posts |
Conder that is exactly why the whole "First/Early" hype is bogus and virtually meaningless drivel. The mint has refuted any claims to it meaning the coins are the first pressing. It simply means they are the first coins sent out and as such that has no numistic bearing on the value of the coins.
I've read other people try to imply the coins are better quality because the dies are better etc... what I want to know is 5 years from now what bearing does that "title" on the slab have to the value of the PF70 coin in it? I'd say none and it has none to me today either.
What it does is grab someone with a title that says "First" as if it has some special significance, and what it really means is I thought of this label First - nothing more.
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Bedrock of the Community
13014 Posts |
Condor has nothing to do with monster boxes, just has to be in unopened mint packaging that was shipped in the first 30 days unless they changed it.
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Pillar of the Community
United States
2543 Posts |
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Condor has nothing to do with monster boxes, just has to be in unopened mint packaging that was shipped in the first 30 days unless they changed it. But since bullion isn't shipped in sealed mint boxes per coin there is no way the TPG's can determine it to be an early release unless it is in a sealed monster box distributed to an authorized purchaser. " First Strike " used to be a designation from the mint alluding to a specific number of coins that were struck with new dies. These coins were considered the highest relief coins of the series. The TPG's co-opted the designation to sell labels. They got sued, settled, refined the definition of " First Strike " and on they go. |
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Bedrock of the Community
13014 Posts |
Thats true about bullion but the resellers usually take the mint packaging off anyway. I was speaking in general
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Bedrock of the Community
United States
17884 Posts |
Quote:
Condor has nothing to do with monster boxes, No the part about the monster boxes is correct. Where do you think the early dated First strike coins come from? The First Strike designations didn't exist until the program was started in 2005. If it wasn't for unopened Monster Boxes there would be no First Strikes dated before 2005. So if a monster box of 2013's arrives at the TPG today and the packing slip inside is dated before Jan 31st 2013 they qualify for First Strike labels. As would a box of 2012's with a packing slip dated before Jan 31st 2012. Edited by Conder101
05/09/2013 09:48 am
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Bedrock of the Community
13014 Posts |
I didnt mean that it didnt apply to monster boxes, what I meant was that it didnt only apply to monster boxes. Anything in unopened mint mailing boxes that was shipped out in the proper time frame can get it. The only thing unique to the monster boxes is the ability to get the S or W on the bullion ASEs
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Pillar of the Community
United States
3789 Posts |
Wait wait .....
I cant contacted PCGS directly, but from their web site, I understand that ther'es 2 options-
1- either you get them say this set within 30 days of the release date, opened is ok, you don't need a receipt or original packing
OR
2- IF it goes past the 30 days from the release date, as LONG as the package is sealed from the mint, it can still qualify for first strike, and the way I read it, it will still qualify months later!
I Dunno maybe I shold call them some day.
I noticed their competitors basically only offer one option, that is 30 days and that's it.. unless the coins com from a authorized depository which in that case they have a 5 year limit.
i dunno .... I think I got it covered lol
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Bedrock of the Community
13014 Posts |
Quote:
2- IF it goes past the 30 days from the release date, as LONG as the package is sealed from the mint, it can still qualify for first strike, and the way I read it, it will still qualify months later! Correct. As long as the mint shipping box is still sealed you can send it in pretty much whatever, but that means you cant so much as crack the tap on the box you get from the mint and have to just put it into another box to send it in Edited by basebal21
05/09/2013 7:55 pm
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Pillar of the Community
United States
2543 Posts |
Ok so this got me thinking, since the new West Point set is only available for 30 days, does that mean that all the West Point sets are eligible for the " First Strike " label ?
Edited by denco7
05/09/2013 7:02 pm
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Bedrock of the Community
13014 Posts |
Only the first 30 days of shipping. When the mint ships them is what counts not their sale period
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Replies: 33 / Views: 4,609 |
First Page
Posted 05/07/2013 9:20 pm
