First Strike- Really A Better Coin? - Page 3

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just carl Bedrock of the Community United States 20753 Posts	Posted 04/24/2014 4:39 pm Quote: 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? Interesting point of view. Are those 1st Strike(s) or 1st Strike. Just how many are or could be 1st Strike(s). Where does the 1st Strike end or does it? Actually, as with the topic of this post, it is 1ST STRIKE. That means only ONE coin could be that 1ST STRIKE. Other than that, 1st strikes could go on and on and on and on. Only when someone lables a coin as 2ND STRIKE, does the 1st end. This all means we should have 1st, 2nd, 3rd, etc. strike coins all the way to possibly the 5,00,000,000th coin. Now picture a coin with the lable of the 5 millionth strike coin. Report this Post to the Staff
barryg Pillar of the Community United States 5862 Posts	Posted 04/24/2014 5:02 pm The question isn't whether coins with "first strike" labels are currently worth more to [certain] collectors. The question is whether they will still command a premium down the road for those people who consider coins to be investments. I'm of the opinion that the labels are just another gimmick to increase sales and any increase in value is wholly incidental and likely to be short lived. I mean, I love DMPL Morgan dollars because they are DMPL. True, they may be DMPL because they were early strikes off a new die, but I wouldn't pay extra for an early struck Morgan dollar that wasn't DMPL. Of course, I could be wrong. Maybe in 20 years anything with a "first strike" label will be worth twice anything without that label. Or maybe the market for modern bullion coins will drop out completely and nobody will value a PF70 "First Strike" ASE any higher than spot value. Ask me again in 20 years... Expanded Digital U.S. Type Set Album \| Dansco 8100 (Lincon Cents) Album \| Digital Proof Type Set \| Digital U.S. Currency Type Set \| Foreign Bullion Coins Report this Post to the Staff
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