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 Replies: 25 / Views: 2,641 |
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Pillar of the Community
United States
1703 Posts |
I have a question about the "first strike" importance of a coin. I understand in apperance a first strike coin should be sharper,clearer,etc,but in value whats the difference in the long run. For instance let say I purchase two 2006 Silver Eagles NGC MS70 today. One is "First Strike". What will be the difference in value in 20 or 30 years? Is it worth to pay a little more for the coin now?
Thanks. Edited by TLS5933
05/03/2006 6:02 pm
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Moderator
 United States
23522 Posts |
The importance is absolutely speculative. To me, zero. There is no appreciable difference in quality from later strikes - remember, dies are changed frequently during minting. This is, in my opinion, purely a blatant attempt on the part of the grading companies to establish a new revenue stream.
A stronger case can be made for the increased value of "older" strikes - those from worn dies which would tend to have errors.
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Pillar of the Community
United States
7123 Posts |
If I could go to the mint and hand catch the first 25 coins from brand new dies for a brand new Issue, and be photographed doing so to establish that the coins were in fact the first 25 coins struck then a pedigree could possibly be built for the coins and they would more than likely demand a first strike label and price.
The hyped first strike issues that I see everywhere ,, with no pedigree, no proof , and no number ? No way !!!
Rick
Edited by Metalman
05/03/2006 2:51 pm
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Bedrock of the Community
United States
14454 Posts |
But you ask if people in 20 years will pay more for a 'first strike" coin.....well the answer is that nobody knows what the market is going to do in 20 years, if we did we would all have the coins we knew would be BIG in that time frame
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Pillar of the Community
United States
4589 Posts |
well isn't cameo on business strikes evident of being firts strikes
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Moderator
United States
23522 Posts |
quote:
Originally posted by scoutjim99
well isn't cameo on business strikes evident of being firts strikes
True. However, that's a visible, quantifiable difference. Prooflike coins have been created by die polishing during the middle of a die's run, too, and they're also worth a premium. |
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Pillar of the Community
 United States
1703 Posts |
So First Strikes are just a marketing ploy and are worth no more than the same coin not marked as such. Thanks.  |
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Pillar of the Community
United States
1703 Posts |
quote:
Originally posted by Metalman
If I could go to the mint and hand catch the first 25 coins from brand new dies for a brand new Issue, and be photographed doing so to establish that the coins were in fact the first 25 coins struck then a pedigree could possibly be built for the coins and they would more than likely demand a first strike label and price.
The hyped first strike issues that I see everywhere ,, with no pedigree, no proof , and no number ? No way !!!
Rick
Wouldn't NGC certified be proof or no? |
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Pillar of the Community
United States
1327 Posts |
I think it is just anotherway to hype up bullion coins. I don't think there is much importance to it. I am finding it intersting how all the companys are getting the first one of the seriers back in 1986-1990 to be put into first strike holders. Kind of wounder if they really are fisrt strike or not. think it is just a way for grading and larger coin dealer to make extra money off of a first strike. But with all that said I did buy a 2006 PGCS first strike ASE. I got it for a good price and I figure you never know what the retail value might be someday. so that is one of my only investment coins I have. the rest of my silver dollar are staying in my collection. |
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Pillar of the Community
United States
5362 Posts |
Being an older collector, I can recall the days before the various MS grades were popular. All uncirculated coins were treated in nearly the same way. Then along came Brilliant Uncirculated and the marketeers took over. I think it was more fun in the old days.
Of course back in 1956 I could buy a 1955 "Double Struck" (the misnomer was the first name of the Double hubbed Die back then) for 25 cents. Too bad I only got two. I wish I had bought the whole roll.
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Valued Member
United States
458 Posts |
Can anybody tell what the difference is bwt a first strike 2006 ASE in MS70 and a regular MS70? besides the label and the insulting prices they are asking? To me it is all a gimmick invented by PCGS--since they started this stuff with 1994 ASE a year or so ago--A marketing ploy to rip off collectors with 2 words -FIRST STRIKE-  So, the rest of the TPG world said, "hey whats good for the goose is good for the gander", It's like a mama duck, where ever she goes, the little chicks follow---Don't waste your money, buy what you want, spend your coin money wisely, first strike is a fad that will fade aaawwwwwaaaayyyy soon enof, I guarantee there will be buyers remorse as the prices for this gimmick plummets-- CiScO  Edited by CiScO
05/04/2006 09:59 am
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Pillar Of The Community
3147 Posts |
I have two coins that were struck by France commemorating D-Day recently. The first 200 coins were struck, one at a time, then placed in serial numbered containers by a representitive of PCGS and the French Mint Director and flown to the U.S. for grading and encapsulation. I was the FIRST person in the U.S. to acquire about purchasing a couple of these silver euro commemoratives. I actually called the dealer (firm) before they even realized they would be selling those 200 gold and silver commemoratives here in the states. Remember I was the FIRST to call and a couple of weeks later the firm called me back. Again I ask them if I was the FIRST to call concerning the silver euros which they did confirm. I asked for the lowest numbered slabs available and the representive claimed he would take care of me but....they had already been offered, since the time I called, over $600 each for numbers 1 and 2? Yeah right!!! Well to make a long story short the good old boys said they would do the best they could, whatever that means and I received numbers #131 and #132? The only good thing to come out of this was the fact that one of the slabs has a huge misprint and the coin information contains the date 20004! PCGS actually screwed one up? The slab is also signed by the French Mint Director so getting it reslabbed is out of the question. I can now say I have the only coin in the world struck in 20004! Well got to go now! Its BACK TO THE FUTURE for more coins!
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Valued Member
United States
382 Posts |
First Strike would mean something if the mint could PROVE that you are receiving, for instance, one of the first 50 coins struck with a brand new die. But then again, would you pay more for a coin struck with a brand new die as #1 over the 50th coin struck with a "new" die? Between Jessica Lynch signed slabs and this First Strike nonsense, this has soured my view of some of the TPG's. First Strike Designation Slabs = nonsense Jessica Lynch Signed Slabs = more nonsense |
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Rest in Peace
United States
2884 Posts |
Although this has been stated before, dies do not last forever and are replaced throughout the minting process. Sharp strikes can and do occur throughout the process. Premium? Not for me just because a TPG says so. Buy the coin, not the holder....Mike |
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Pillar Of The Community
3147 Posts |
I guess the point which I failed to make is the fact those two first strikes from France really mean absolutely nothing to me. I would assume the next 200 proofs looked just as good as mine and seeing how PCGS graded them only PRF69 I don't have perfect coins. But I can find no fault in them what so ever? I wanted the silver commemoratives and bought them. I just found it amazing, since I was the first to call, that the dealer (firm) doing the selling could actually tell me that someone had offered them $600 each for the first two serial numbers? Guess they thought I would make a counter offer? None the less I do have a very few slabs as I refuse to play something that is nothing more than a game and collectors and investors are getting caught up in the "mine is better than yours" and "I have to keep up with the others" mentality. I just read a story where a proof 1993W gold eagle brought $36,960.00 due to the fact is was only one of two graded as a perfect coin. This indeed proves the fact there is a fool born everyday and a fool and his money is soon parted!!! They always fail to mention how many have actually been submitted for grading and in my mind a few coins submitted out of thousands minted does not make that coin so special. Bullion gold is just that...bullion gold!
Edited by crystalk64
05/04/2006 9:35 pm
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Pillar of the Community
United States
4589 Posts |
well other ways they get us before the modern fad of first stikes ar full split bands, full head,full steps and so on these coins are consider to have a little higher premium or are they in your opionion just a complete strike or first strike I mean how can a coin be graded above ms 65 and not have full split bands etc.. just wondering what you all think about that
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Replies: 25 / Views: 2,641 |
Posted 05/03/2006 2:50 pm
