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Posted 06/14/2016 1:36 pm
So far as I'm concerned the whole "First Strike" thing is a bunch of bull. The U.S. mint makes coins before it sells them. Those coins are mixed together regardless of when they were struck. Then the mint ships the coins out to the buyers.
The buyers send the unopened mint packages within a very short time of receiving them to PCGS or NGC to get the special markings. I don't know the specific timeframes for the "First Strike" thing, but it doesn't matter because it's nothing but marketing. Dealers sell these things as something special which they are not. These were not necessarily the first coins to be made. They are first coins to be shipped that were forwarded for grading.
Getting a 1 ounce or any other size gold eagle graded usually doesn't make much sense. There are some collectors who post these pieces on a registry site where they get points for the grade assigned. If the coin is graded MS-69, it means nothing on the registry. It just means that someone wasted their money to get it into a holder.
The gold eagle is a bullion coin, and the main use for it is to be used as a way buy gold bullion that is easily bought and sold. If you want to invest in gold, it's good way to go in my opinion. Unlike bars, the gold eagles don't have to be tested by dealer before they will buy them. Most of the bullion coins don't have very much numismatic value.
The buyers send the unopened mint packages within a very short time of receiving them to PCGS or NGC to get the special markings. I don't know the specific timeframes for the "First Strike" thing, but it doesn't matter because it's nothing but marketing. Dealers sell these things as something special which they are not. These were not necessarily the first coins to be made. They are first coins to be shipped that were forwarded for grading.
Getting a 1 ounce or any other size gold eagle graded usually doesn't make much sense. There are some collectors who post these pieces on a registry site where they get points for the grade assigned. If the coin is graded MS-69, it means nothing on the registry. It just means that someone wasted their money to get it into a holder.
The gold eagle is a bullion coin, and the main use for it is to be used as a way buy gold bullion that is easily bought and sold. If you want to invest in gold, it's good way to go in my opinion. Unlike bars, the gold eagles don't have to be tested by dealer before they will buy them. Most of the bullion coins don't have very much numismatic value.
Edited by billjones
06/14/2016 1:37 pm
06/14/2016 1:37 pm
