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 Replies: 32 / Views: 4,631 |
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Pillar of the Community
United States
2077 Posts |
The requirement for first strike designation is that it has to ship within the first 30 days of release. How about extremely popular releases like the gold Baseball HOF? They sold out right away. Does that mean that every one can be a first strike, even the last one? Also, how long does a die last? Isn't it possible that a die could get exhausted in the first month? I'm not sure what makes this designation special except the label. Is a 66 FS better than a regular 67? |
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Pillar of the Community
United States
4897 Posts |
Pure marketing genius! Creates a perceived value....that is all. imo
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Pillar of the Community
United States
1391 Posts |
I agree with amida, it doesn't add any value. Just because a coin is shipped in the first 30 days doesn't mean it was one of the first ones struck.
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Pillar of the Community
United States
4901 Posts |
Actually with the HOF silver and gold First Strike does actually mean what it says. Those that were delivered already were from the first batch struck. Everyone else is on hold waiting for the rest to be struck and packaged...
With ANY other coin FS does mean only first shipped.
I should also add that as dies wear out they are replaced so you can have one of the first batch and have it be a coin struck from a soon to be replaced die....and with later coins shipped they could have been the first ones struck from a new die....
Marketing.....
Edited by Foxwoods Man
04/23/2014 10:57 am
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Pillar of the Community
United States
1699 Posts |
I agree. But what's so great about haVing a coin that's struck in the first batch anyways. Unless a coin has some proven record of being one of the first very few being struck ( like the 1921 Morgan dollars for example) I wouldn't be interested. Edited by ErrorCoins222
04/23/2014 11:49 am
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Pillar of the Community
872 Posts |
A newly polished die for the first strikes has a higher potential to stike MS-70 PRF-70 coins, since the die is new and wont have wear or be clogged or have any repairs or cleanings at all. I think the people want to try to get that "70" knowing that the first 1,000 or so coins have a chance at getting a 70. After the first strike, its a guessing game when a new die will be used, and whether you will be rewarded with a true 70 example.
Its much like black friday scenario...you know a product is coming out and you have an awesome shot at getting one if your one of the first in line. After that its unpredictable if another sale / offer will come across the table in time.
I don't know if its so much how long die will last, but how long the die has the potential to strike a potential MS/PF - 70. My guess would be betweenthe first 500 coins for sure, maybe 1000 if everything is right on.
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Bedrock of the Community
United States
12437 Posts |
The term "First Strike" has NOTHING to do with die strike emmission order so it is no guarantee of any high grade at all. Coins that "qualify" for First Strike designation within the first 30 days of sales could come from dozens of different die pairs. You can have a Late Die State(LDS) First Strike but you can also have an Early Die State(EDS) non-First Strike coin that was one of the first few coins struck with a new die pair.
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Bedrock of the Community
United States
20753 Posts |
I highly doubt that the Mints have people standing there to separate the first coins struck for anyone. I believe that the term 1st strike is like Unsearched or I know nothing about coins and inherited these. I really would like someone to have the Mints stipulate that any coin is separated out for that term of 1st strike. |
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Pillar of the Community
United States
1511 Posts |
 completely.... Marketing scam to make more money. Collector-Corner- no offense intended but, unfortunately your statement isn't further from the truth though that's what many are lead to believe by that designation. biokemist 6 (and others) are absolutely right in that the "first strike" designation has absolutely nothing to do with the order in which the coins were struck, that's a common misconception many have when they buy these.. Paying a premium for absolutely nothing. Thinking they're "superior quality" or a higher chance of a "70" when in reality it couldn't be further from the truth. It's only the order in which they were shipped, like mentioned they could be the last coins off the die and still get the FS designation if they're shipped first. (  while were on the topic of "scams" to make money.. I don't believe in a "70" grade anyways... Nothing's 100% perfect... Especially pointless on bullion  ) though I know many disagree which is totally fine... Just my personal beliefs  |
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Valued Member
United States
185 Posts |
I am a big fan of LS coins (Last Strike) I heard the value of these are on the up and up. |
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Bedrock of the Community
13014 Posts |
Fox nailed it, with the baseball coins it really does mean what it says since most won't ship until June. The Baltimore ones were also specifically selected by the mint and overall do have a higher quality.
Other than that it is first shipped.
Whether or not it should happen the market does generally assign a premium to them. A good number of people that like them seem to know what it is and realize they're just paying a little extra for the special label.
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Pillar of the Community
United States
899 Posts |
Basebal and Fox... garbage. There is nothing first strike - any different about these coins than any other coin sold. The definition of first strike as defined by the marketing people at TPG - is a coin received within the first 30 days of shipment from the mint. Yeehaw - boy and howdee... I've said it in many other threads. TPG knows most collectors will either send a coin to be graded right away or not at all. These labels are nothing more than an attempt to get people to send them in right away - within 30 days of purchase. That is pure marketing and has nothing to do with the strike or release quality of the coin. Stop promoting this fallacy. |
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Bedrock of the Community
13014 Posts |
Quote:
Basebal and Fox... garbage. There is nothing first strike - any different about these coins than any other coin sold. Thats really not true. The massive order backlog and delayed shipping has created a unique situation here. Theres been around 700k sold across the whole series last time I checked. A couple thousand max were sold at Baltimore, those were without question struck first. From that point on weve has orders slowly getting shipped here and and there but in two weeks when the deadline passes theres still going to be the 100s of 1000s of coins on backorder with shipping dates in June and July. Coins shipping in June and July without question were not stuck at the same time as the coins that did ship in April and the first week of may. They just wouldnt sit for over a month with the backlog of orders there are. Like I said though generally you are just paying for a label with a better design which is fine, but in this particular case whats shipping when tells us there is more to it than just the label for the baseball coins. |
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Bedrock of the Community
United States
20753 Posts |
Quote:
I am a big fan of LS coins (Last Strike) I heard the value of these are on the up and up. Could be more true than you think. For example if it was released that a certain coin was minted with only 5 thousand or less, no one would really know that until the last one was made. Also, so many dies would have been worn, broak, etc. that the last coins may well be so messed up, could be error coins. I would like the Mint to start stamping 1st Strike on all 1st Strike coins. Right accross the faces. |
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Valued Member
United States
118 Posts |
You get a cool label and can say you got one of the first batch released.
IMO: Big deal.
To some people, it is a big deal and worth a premium.
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Bedrock of the Community
United States
10045 Posts |
Quote:I am a big fan of LS coins (Last Strike) 'Last strikes' can be pretty interesting  Edited by DVCollector
04/24/2014 03:10 am
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Replies: 32 / Views: 4,631 |
Posted 04/23/2014 09:51 am
