First Day Of Issue? - Coin Community Forum

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Author	Replies: 5 / Views: 1,280
spaceace Pillar of the Community United States 797 Posts	Posted 11/05/2009 9:55 pm What makes something a "first day of issue" coin (other than the obvious). I have seen some graded (PCGS)and labelled as "first day of issue". Most of them were Presidential dollar coins that I saw in a coin shop and some online. Is there anything really different about the coin or any premium or just a way of making something seem more important or something. Just curious. Thanks Report this Post to the Staff

WpgLwr Pillar of the Community Canada 1082 Posts	Posted 11/05/2009 10:02 pm From what I can tell, it's just a lot of hype to get you to part with even more money. First Day of Issue means much more when it comes to stamps, not so much with coins. Report this Post to the Staff
scott3270 Pillar of the Community United States 1116 Posts	Posted 11/05/2009 11:06 pm Quote: From what I can tell, it's just a lot of hype to get you to part with even more money. i agree it's still the same coin whether it is the first day of issue or not so I don't see what the big deal is Report this Post to the Staff
eaglefoot Pillar of the Community United States 6326 Posts	Posted 11/06/2009 09:28 am Yeah, it's not even really a early strike quality coin either, necessarily. Because you don't know at what stage of the total minting number, the particular coin was minted. And theoretically, you can get "First Strike" coins throughout the year, every time a new die is used, until the "allotment" has been reached. So, that being said, the "First Day of Issue" coins are really nothing but a label saying that these are available on the first day of sale....but couldn't possibly guarantee that these are, in any way, "first strike" coins. That could only be determined by the quality in examining each coin. Edited by eaglefoot 11/06/2009 09:29 am Report this Post to the Staff
John1 Moderator United States 56855 Posts	Posted 11/06/2009 10:32 am First strikes, First Day of Issue...Buy the coin not the holder. A MS-69 or 70 or whatever is still a MS-69 or 70 or whatever regardless of it being "labeled" first anything. IMHO, John1 Report this Post to the Staff
spaceace Pillar of the Community United States 797 Posts	Posted 11/06/2009 12:44 pm Kind of what I thought. Thanks for the info Edited by spaceace 11/06/2009 12:44 pm Report this Post to the Staff
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