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 Replies: 13 / Views: 1,214 |
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New Member
United States
4 Posts |
Does anyone know where I can obtain prices on the Silver Eagle first strikes? Pcgs does not give the earlier dates (EG 1995 First Strike)in there price lists?
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Moderator
 United States
23522 Posts |
That's because the idea of calling something "First Strike" is a fairly recent invention in numismatics. It's something they've come up with to get more money from people who don't know better. Don't just trust me. Read it directly from the US Mint: http://www.usmint.gov/consumer/inde...ion=HotItems |
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Pillar of the Community
United States
590 Posts |
That was a real good link Dave. Can you imagine all the money people who have wasted their money on so-called "First Strike" Bullion/Coins. This should be mandatory reading for our members.
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New Member
 United States
4 Posts |
Thanks for the information. It was helpfull.
Mark
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Pillar of the Community
United States
1454 Posts |
Sorry for the abrupt news mlgarniss. I along with others believe exactly as was stated. This is only a way for people to make more money. I would not fork out hundreds of dollars for something that says "First Strike" on it. It is a ludicrous idea started by god knows who. I will stick with my just regular old NGC MS-69 ASE collection. Welcome to the forum. |
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New Member
United States
4 Posts |
I am starting to agree. I only was asking because PCGS started the "First Strike" in 2005 on there price guide. ebay has alot of sellers with NGC graded coins going back to 1986 with first strike on he label and was not sure about pricing. |
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Pillar of the Community
United States
1454 Posts |
I'm not sure how they are doing this either. I think it is probably someone had a green monster box stored somewhere and either sold it or sent it in to get graded. The box probably had the exact time it was minted and that is how they are determining first strike. I still think it is a lot of hooey.
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Member
United States
703 Posts |
wow...thanks for the link. Only 1500 coins produced from a set of dies for the Gold Proof American Buffalo. So my proof with a rotated reverse has to have a very small mintage of around 1500 or less, no wonder no one else has come up with one to my knowledge. Could very well be a nice Rare coin.
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Moderator
United States
23522 Posts |
quote:
Originally posted by Errorcoins
wow...thanks for the link. Only 1500 coins produced from a set of dies for the Gold Proof American Buffalo. So my proof with a rotated reverse has to have a very small mintage of around 1500 or less, no wonder no one else has come up with one to my knowledge. Could very well be a nice Rare coin.
Given the strict quality control exerted over Proof mintage, I'm surprised a rotated-die strike left the mint at all. There's no way an entire die run of rotated strikes ever got out of the building. To what degree is your coin rotated? |
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Valued Member
United States
288 Posts |
First Strike(out). Marketing. I prefer the 100 year old coins. These new coins with few exceptions will never be rare. They all get slabbed. The old obsolete issue coins are already tough and should remain so. IE,..Who needs overpriced diecracks... Speared Bison? Cool coin to be sure, but worth todays prices? Maybe. Remember the 1995 DDO cents? Look at the prices initially and now. Bewary of Marketing. Way too thin a coin buyers market, and lots of older low pop higher grade coins are available. What do you suppose the dealers collect? I prefer nice rare o coins over popular ones. Popularity is all too affected by Ignorance and Marketing. However, rarity does not necessarily mean valuable. Price is reflective of Supply and Demand. Popularity does seem to really count with prices. Right or wrong. You choose, Its all good. Good luck and enjoy. Gusp |
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Member
United States
703 Posts |
quote:
Originally posted by SuperDave
quote:
Originally posted by Errorcoins
wow...thanks for the link. Only 1500 coins produced from a set of dies for the Gold Proof American Buffalo. So my proof with a rotated reverse has to have a very small mintage of around 1500 or less, no wonder no one else has come up with one to my knowledge. Could very well be a nice Rare coin.
Given the strict quality control exerted over Proof mintage, I'm surprised a rotated-die strike left the mint at all. There's no way an entire die run of rotated strikes ever got out of the building. To what degree is your coin rotated?
Superdave it is rotated about 7.5 degrees which is not considered an error. BUT considering the coin and the mintage of 1500 or less, I quite like my find. When I first got it I flipped it over about a thousand times and it always confirmed the rotation. I then measured 4 times (3) with a protractor and one by photographic means and my mesurements were 8, 7, 7, 8 or an average of 7.5 degrees of rotation. Very cool since I collect errors and I only ordered one. Any one else not notice this amount (or more) of rotation on their gold proof buffalos? Thanks |
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Pillar Of The Community
3147 Posts |
The only way you can be GUARANTEED a first strike is if a representive of the grading service is on hand, with mint officials, taking the coins from the press one at a time and then putting them in a serial numbered bag to be delivered to the grading company just a France did with their D-Day commemoratives a couple of years ago. Even then they STOPPED at 200 each of the gold and silver. I paid a premium for a couple of these and they carry the French Mint Directors signature. It was all on the up and up, announced ahead of time, and photographed as the coins were struck. The first strike designation in the U.S. is NOTHING MORE THAN A CON JOB as a true first strike could come every time a die is changed and even then how many coins are first strikes? One, two, fifty, a hundred, two hundred or more. Just another way the national dealers in cahoots with the grading companies are messing with the average collector in this country and laughing all the way to the bank. We, as collectors, are in total control and continue to let this go on when all we have to do is NOT BUY the darn things. That would end it and end it quickly! The U.S. Mint has also announced that a major number of new buffalo gold pieces have a rotated reverse but it was in acceptable limits so they are not considered errors. Hey, just check out the old Buffalo nickels and see how many of them have a rotated reverse! Again a huge amount! Edited by crystalk64
08/27/2006 3:35 pm
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Member
United States
703 Posts |
quote:
Originally posted by crystalk64
The U.S. Mint has also announced that a major number of new buffalo gold pieces have a rotated reverse but it was in acceptable limits so they are not considered errors. Hey, just check out the old Buffalo nickels and see how many of them have a rotated reverse! Again a huge amount!
Terry, I have not heard that. Could you please post me a link as to this information. Was this for all gold buffalos, the unc or just the proof? Always looking for good information so thanks in advance. The Buffalo nickel was minted years ago and it was very common for rotated reverses back then. Rotated reverses are not that common on modern coins. |
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Pillar Of The Community
3147 Posts |
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Replies: 13 / Views: 1,214 |
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Posted 08/27/2006 1:06 pm
