| Author |
 Replies: 32 / Views: 4,637 |
|
|
|
Pillar of the Community
Korea, Republic Of
1881 Posts |
It's not a better "coin," IMO it's a better "label."
|
|
Valued Member
United States
179 Posts |
It meant something decades ago but no one was there to market it. My best example of this was a Buffalo nickel I owned a few years ago. It was a 1937 Proof, with full cameo frost that earned a PCGS PR66CAM. With only one die used, the frost effect wore off very quickly. So, in this case, first strike DID mean something. Today, they run so many dies and have improved techniques so much the overall coin production is identical. First Strike is a marketing ploy. They could just as well put Mickey Mouse on the first coins graded.... Then you'd get to pay a high premium for THAT |
|
Valued Member
United States
179 Posts |
It meant something decades ago but no one was there to market it. My best example of this was a Buffalo nickel I owned a few years ago. It was a 1937 Proof, with full cameo frost that earned a PCGS PR66CAM. With only one die used, the frost effect wore off very quickly. So, in this case, first strike DID mean something. Today, they run so many dies and have improved techniques so much the overall coin production is identical. First Strike is a marketing ploy. They could just as well put Mickey Mouse on the first coins graded.... Then you'd get to pay a high premium for THAT |
|
Pillar of the Community
United States
4901 Posts |
Quote:
Basebal and Fox... garbage. There is nothing first strike - any different about these coins than any other coin sold. Well, that is incorrect and I will leave it to you to go over the history of the disjointed release of this issue. It's not an opinion...is is a fact and pointless to discuss. ...and if you actually read my entire post I agreed that these "special" labels are TOTALLY a marketing ploy BUT...and I hate to rely on facts again...FS and ER labels DO have a better resale value than their "non-special" counterparts...so if you ever plan on selling any of your graded issues it would behoove you to go with the flow and be a lemming....they get paid better. You can disagree with the premise but not the result.... Matteproof summed it up: Quote:
It's not a better "coin," IMO it's a better "label." Edited by Foxwoods Man
04/24/2014 07:01 am
|
|
Pillar of the Community
United States
899 Posts |
Fox...you are right the First Strike labels are pointless to discuss, because in the end that is all they are...labels. Pointless marketing labels and they apply to no actual strike. You could have the 12,000 coin off the presses and it could be labeled first strike... which in all probability is happening with the baseball coins.
|
|
Bedrock of the Community
Australia
21788 Posts |
In a 30-day period, MANY dies can be used and be completely worn out, with a modern high speed coining press. With proof collector coins, the situation can be a little different. A one ounce silver proof coin for instance, is fed into a press individually, and quite often multiple struck, at a rate of between 5 to 10 coins per minute. That could mean perhaps 5,000 coins per day per coining press, and also mean perhaps 50,000 or more coins off a single press in one month. With the production of high quality proof silver collector coins, die life would probably not extend beyond 10,000 coins. Potentially, this could mean that the entire production of a single one ounce proof silver coin design could be completed in a 30-day period. The entire production could be shipped within 30-days. It seems to be just advertising blurb to me.  |
|
Moderator
 United States
23522 Posts |
I wonder how many of these have the entire mintage struck before the first is shipped? And that would likely mean last in, first out.
P. T. Barnum is saluting in awed appreciation.
|
|
Pillar of the Community
Korea, Republic Of
1881 Posts |
|
|
Pillar of the Community
United States
899 Posts |
Take the current release of the 5 ounce GSM ATB... it could in all likelihood sell out in the next week or so, and nearly every coin in the release would qualify for first strike labels. While it is profitable for the resellers and expensive for the novice collector - it would seem an experienced collector would save money - and start educating people to buy the coins. |
|
Valued Member
United States
185 Posts |
If, say for example, 50,000 silver Great Smokey Mountain quarters was the final number of mintage for this coin. What % of this is considered first strike? What is the cut off point? If the cut off point was say 20%, which would be the first 10,000 what does this make the 10,001 coin? 1st coin of second release?   |
|
Bedrock of the Community
13014 Posts |
Quote:
While it is profitable for the resellers and expensive for the novice collector - it would seem an experienced collector would save money - and start educating people to buy the coins. Its not just novice collectors, people are just willing to flat out pay more for a label they like better. Its been the better part of a decade the ship has sailed on this as far as premiums are concerned and better labels fetch premiums with out without the first strike attached. People dont need to be educated about what they should like, the majority of buyers know exactly what theyre getting when they get them, they just want the design on the label. |
|
Pillar of the Community
United States
1531 Posts |
 For example, with the silver and gold foil labels... I'm getting no more value, but they're just coolEdited by Cruisinfusion
04/24/2014 1:49 pm
|
|
Pillar of the Community
United States
899 Posts |
basebal - go back and read the 1st post in this thread. The poster is wanting educated on the merits of the 1st strike label in regards to value - of a MS66 over a MS67 based on the 1st strike label on the MS66 coin.
When I check values for coins - after 10 years of ship sailing the coin market - there is no book to reference for the increased value based on cool labels.
If people want to pay extra to buy labels - more power to them - but I'll continue to tell them this is a coin collecting hobby. If you want cool labels - print them.
|
|
Pillar of the Community
United States
1812 Posts |
If memory serves, back when the U.S. Mint was selling de-faced State Quarter Dies, didn't they include the 1st coin that was struck with the numbered die? I remember ordering a few prior to 2005 for resale in my ebay coin store and at local coin shows. After having some little mini-strokes of late it seems to have fogged up what's left of my brain cells...  |
|
Bedrock of the Community
13014 Posts |
Quote:
When I check values for coins - after 10 years of ship sailing the coin market - there is no book to reference for the increased value based on cool labels.
If people want to pay extra to buy labels - more power to them - but I'll continue to tell them this is a coin collecting hobby. If you want cool labels - print them. There may not be a book for the values but there is ebay which provides real world prices actually paid. If someone thinks the coin itself is better I agree education is the right thing to do there so they can make an informed decision, but the premium wouldnt disappear because of education. Theres an entire industry within collecting built off of things that are nothing more than presentation, the label is no different. I'm not going to criticize someone for wanting a label that plays into the theme of the coin any more than I would criticize someone for building a display shelf or putting a slipcover on their album to keep the album looking nice. They arent any less of a collector if they make that conscious decision to purchase one knowing what theyre doing. Thats the point I was trying to make. I dont like to see us get critical of how someone collects, its their collection and they should do what makes them happy as they as they dont get their joy from ruining really nice coins  |
| |
Replies: 32 / Views: 4,637 |
First Page
Posted 04/24/2014 06:30 am
