So, You Want A "First Strike" Gold

well that confirms what everyone has been saying from the get go of the TPG's First Strike designation, that it was all marketing hype and had absolutely no meaning behind it what so ever. From what they are saying in that first month 50% of the total mintage would have already been minted so if they sold out 50% of the total coins out there would be considered first strike by the TPG's that use that designation, thats just totally amazing that half of a population coule be considered first Strike

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Originally posted by biokemist6

There is only one way to get a true "first strike" coin and they are available from the US Mint. You can buy one of the used die sets at $34.95 a pop! The die set comes with one of the first coins produced with that particular die making it a genuine "first strike". Although the main selling point is not the coin but the die itself

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There IS one other way, maybe more....I have all of them so far...quarters too....

http://catalog.usmint.gov/webapp/wc...tegory=10197

mm

I wonder what impact that article is going to have on the value of the first strikes. I think there are going to be some upset people when they read that. I'm glad I'm not one who fell for that marketing gimmick.

Thanks for the post. I think it's disgraceful that the TPG's have involved themselves in something like this. A total rip off from companies that are supposed to be completely unbiased when it comes to coins. I wonder how they will now justify the "first strike" designation they gave to those coins? It will be interesting to see if they start back peddling now that the US mint has made this statement public.

I can imagine a lot of folks will not only be upset about this but demanding their money back! I know I would. Some of those supposedly first strike coins were sold for ridiculous amounts of money. This really makes the TPG's look bad. I am so glad I never bought into the hype. Does anyone know if any PCGS or NGC has made a response to this yet?

Margaret

Im sure they knew,a long time ago.I remember the coin vault guys with a big bunch of bull about how they investigated and talked with the Mint to 'assure' this First Strike was the reality.Got Coin Age mag yesterday,with a story about the T.V. hucksters.The coin vault buys esclusively from Silvertown.

Nothing more than a MAJOR CON JOB and it has been all along! Does that help put the national dealers and national grading services into perspective! It has with me!!!

This is the kinda stuff that makes me nervous bout collecting hehe. Same thing with errors etc. I try to stick with the original stuff I'd hate to get caught up in something like this that just dissapears.