| Author |
 Replies: 12 / Views: 2,186 |
|
|
Pillar of the Community
United States
2589 Posts |
I really dont understand this early release nonsense. I can understand a small premium, but $5000 dollars over the price of a normal coin that is exactly the same is simply mindboggling. http://cgi.ebay.com/2009-20-Ultra-H...em255a1aab42Oh, and did I mention that at $10,000 the reserve hasnt yet been met, pure foolishness if you ask me. -XoG Edited by XavierOfGreen
04/20/2010 9:24 pm
|
|
|
|
Valued Member
United States
463 Posts |
|
|
Pillar of the Community
United States
2335 Posts |
Amazing...on a good day if you cracked that thing out & reslabbed you might get the MS-70 & PL designations but it's impossible to get the early release. It's not about the coin, it's all about the words printed on the piece of paper in that slab. Do the words fool, money, & parted come to anyone else's mind?
|
|
Pillar of the Community
United States
1882 Posts |
Quote:
Oh, and did I mention that at $10,000 the reserve hasnt yet been met I don't understand the "reserve" game, and won't bid on an auction that still has one. |
|
Pillar of the Community
United States
968 Posts |
So the TPGs are in on the ridiculous hype game too? So the coin was an "early release"... who cares. It isn't any different than the ones that will come out during a normal release. I'd take a very early release St. Gaudins over this coin any day. Say something released in the 1907-1933 range.
|
|
Pillar of the Community
United States
1882 Posts |
For the most part, I'm in the "who cares" camp, so I agree with you. But the first coins, struck on fresh dies, will have better detail.
|
|
Rest in Peace
 United States
1380 Posts |
I'm definitely in the "Who cares?" camp, especially since, even though early releases are from fresh dies, they replace dies with fresh ones repeatedly during a coin's production run, so coin number 3 million can be from a brand new die and just as sharp or sharper than coin number 20.
|
|
Pillar of the Community
United States
6326 Posts |
 ...........I've said it before....I'll certainly say it again..... that "designation" is complete garbage !It lines everyones pockets except the last one to own it !! ..... It's a complete financial marketing thing....and those who profit from it, have absolutely no problem with it at all. |
|
Valued Member
United States
105 Posts |
I collect Graded ASE and see this early release notation all the time and I think it's ridiculous. I never buy them.. |
|
Pillar of the Community
United States
1571 Posts |
I agree with all the above, and will include the TPG scenario, et al, as well. I don't see where a plastic "body bag", no matter how fancy makes any coin worth any more than its own merits! It is the GMC/CHEV thing. You buy a part for the GMC, that actually is the same part for the Chevy, but you pay more for it! I have several "slabbed" coins that came with the coins purchased from a small collection, but only one I paid for, and learned the hard way that it isn't worth the time, or trouble. ANACS,(the Texas version), taught me a lesson, and I ouldn't buy another slab, no matter what the cost! If a slab was only meant to protect the coin, then, yes, but it should NOT be considered in any way, as part of the "value" of the coin! The "proud owner of a 1965 MS-65 slabbed, spotted, $30.00 quarter! Gobble, Gobble, Gobble! Edited by livingdinasaur
04/21/2010 2:31 pm
|
|
Pillar of the Community
United States
968 Posts |
Good point about the fresher die on early coins, I hadn't thought about that. Still doesn't change my opinion though. Anyway, isn't that in part what the very highest MS and PF grades deal with anyway? I mean even if you hand picked a coin minted in the later stages of a die's life out of the press it probably wouldn't get a 70 grade, would it?
|
|
Bedrock of the Community
United States
12437 Posts |
Quote:
even though early releases are from fresh dies Nope, it has absolutely nothing to do with fresh dies and that is the reason why the Early Release/First Strike stuff is one of the biggest piles of cow patties around. The Mint does not keep track of the emission sequence from dies(except in a couple special cases, see below) and there is no way to know when a coin was minted other than the broadly based early, mid, and late die states. All you need for an Early Release slab is to send the coin in for grading within the first 30 days of the release. You could have an Early Release coin that was minted with the last strike of a die before retirement  There are only a couple instances when you could call a coin a "First Strike" and that would be in a First Day Coin Cover and the Coin and Die Sets. The coin covers come from the very first production run and the coin included with a die is one of the first coins produced with that specific die. |
|
Pillar of the Community
United States
1285 Posts |
Somewhere on the mints website it states that they change the die every 300 COINS it's in the Q&A section. I researched this last year and called and talked to them as well and was pointed to this section in the Q&A. BTW, someone wanted the last few coins struck and the mint told them no such thing would happen. This was written about either on coin news or some other online news letter and they wanted to call it something like "LAST Strike".  Peace |
| |
Replies: 12 / Views: 2,186 |
|
Posted 04/20/2010 9:23 pm
