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Replies: 1,627 / Views: 120,225 |
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Pillar of the Community
United States
3540 Posts |
Let's try this question on for size.
Early die state coins will be delivered to people with late orders? Entirely possible. Mint stacks sets built first on the bottom of the pallet....and those will be the sets sent out last.
Thoughts?
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Pillar of the Community
United States
1903 Posts |
I would think there is multiple handling of the coins......stack them the first time, earliest on bottom...ship them to Philly, handled again, earliest end up on top. Distribute them out to the packing stations...who the heck knows what part of the stack any particular order came from. Simple assumptions of earliest on the bottom assume they are handled only once and by just one person. In the real world of shipping large numbers of items like this it just isn't that simple.
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Pillar of the Community
United States
5649 Posts |
A true collector will know simply by examining the coin for an EDS, or not.........The terms Early Die State and Late Die State are for a reason and knowing the difference is helpful.
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Pillar of the Community
United States
1027 Posts |
So many die sets are used in the production of 100,000 coins (probably more than 50 pair for the reverse proof) and the coins are not kept in die order and they are shipped to SF from Philly and West Point and ... and ... and each coin has a different die life, that any given set has a complete mix of (early/mid/late) die state coins. Absolutely no correlation between shipping time and die state.
There is no magic way to determine die state for a given coin. There are clues for sure but no guarantees. There is absolutely no traceability either, which die pair minted which coin at what point in the die life is not tracked.
Edited by clairhardesty 11/12/2011 9:20 pm
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Pillar of the Community
United States
1205 Posts |
Well, I guess I'm a bit blown away by the HSN Anacs listings...not so much the price(1,500 for a 60 set doesn't seem too bad, actually), it's the VOLUME of orders they grabbed(HOW did they do THAT?), and, the speed of slabbing...Anacs made a bundle off this order, which, I don't mind, but there seems to be something haywire with a large company getting 1 "special" label, and, John Q. Public getting another...this must have been worked out weeks in advance...Lobbying at it's finest...and, there is something unsavory about think of this as "Speed Grading"....I have read all it takes is 6 seconds for a professional grader to do his thing, and, poof---DONE, and, I somewhat believe that(aren't coins supposed to be turned over to a 2nd person, THEN a third, for final agreement on grade?)---OK...18 seconds per coin for grading, plus delivery time to the person sitting next to them...make it 2 minutes per coin...I dunno....I'm a bit at a loss how I feel about this...part of me doesn't care, knowing the Coin World is run by big people with big bucks, and, the other part of me feels dissapointed by the whole thing....are we getting too greedy with our coins? Have we lost track of real collecting, and what is right, and what is wrong? Has First Strike and Early release by definition now become so "Collectible", that we have lost our minds, KNOWING the whole program is meaningless, and bent on sheer profit only? Sorry to mumble a bunch of heavy stuff, but, this seems a bit out of control here....anyone chime in, feel free. (I don't like to rag on things, without offering SOLUTIONS....my Solution to most of this is implementing a TRUE Frirst Strike system, where the coins ARE numerically tracked, and, the designation would hold REAL weight...shame on the TPG's for prostituting themselves in this regard, and, not lobbying the Mint to change it's practices...it would NOT be a hard thing to do, keeping track of first in, last out coinage production!-----another solution--CCF members could have their OWN labels on slabs.special ones just for US..wouldn't THAT be cool!)
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New Member
United States
47 Posts |
Right now on HSN Anacs first day of issue 25th anniversary set perfect 70 across the board they had 200 perfect sets at $2999.95 $18.95 s & h
they want $1499.95 for the ms and pr 69 sets
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Pillar of the Community
United States
2734 Posts |
Quote:clairhardesty: The one kind of coin that we don't have today, but that I would really like to see (because I am a child of that era) is the fully brilliant proof. Such a coin would have been a true key to this ASE set. Now that would be a great key coin for the 30th anniversary ASE Set! 
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Pillar of the Community
United States
5649 Posts |
Let all the "First struck coins" go to the last to receive the sets. I could see the mints employees placing the coins on pallets as they come off the presses, once the pallet is full wrap it up and send it off to the SF Mint and there the sets were put together open the pallets and start filling the sets, the closer you get to the bottom of "that" pallet the better or earlier the strike, or the crisper the strike/look!!!! Possible?
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Bedrock of the Community
United States
10048 Posts |
@ilikeikes There were some of us when the TPGs first came into existence who saw them as nothing more than a way for someone to profit from the coin collecting hobby. We speculated future scenarios similar to what we now see happening in front of us. It used to be people valued each coin by its own rarity. It was more fun to collect when each year and mintmark had differing values instead of what now seems to be, overall, everything but keys in a set are valued pretty much the same. It was more exciting to find a 1941 S nickel than a 1941 P since the mintage was lower. Now you can grab an entire set minus keys for next to nothing on ebay b/c the playing field for all other dates has been leveled. Yes, slabbed coins have, in theory, made it possible to "know" you have a perfect coin. However, the ONLY slabbed coin I ever bought is an MS70 ASE. Under 10X magnification, you can see gouges in some of the lettering. Needless to say my now-older-self has my ears ringing with words my once-younger-self used to say. I always thought the TPGs sold the concept of "certification" as a way to open a new market - for their own, future exploitation. Although some good has come from it, I fear the bad has outweighed the good and their true intent is becoming more and more evident. I am not down on anyone who collects slabbed coins. Again, legitimately slabbed coins (actually going through the process claimed and done with an eye to making dead sure of the grade) give a collector great confidence. But I will never again buy a slabbed coin and just accept it is what the label says. I will have my magnifying glass out and inspect the coin. BTW - jokingly I used to say that one day someone would come up with a way create a market for certifying the certified, slabbed coins. When getting back into the hobby a few years ago, guess how non-surprised I was to discover this is exactly what has happened! Now we see these cute little holographic stickers on our slabbed coins and another 10.00 added to the price... hmmm. Anyone want to predict the next step? Its probably not too hard to do! edited for syntax
Edited by Earle42 11/13/2011 01:22 am
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Pillar of the Community
United States
5839 Posts |
ANACS are no different than other corporations, when there's money to be made, ANACS will not turn the other way to ignore it.
I can't tell between MS 69 or MS 70, I truly believe is a gimmick for selling to investors, if I were to crack out set of 69 and set of 70 coins, and have all CCF members here to grade it, what would everyone think the result would be.
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Pillar of the Community
United States
929 Posts |
I saw earlier today that HSN was selling 200 sets of MS70/PF70 coins for $2999. And they were selling fast. Probably gone already. And the poor suckers that bought them probably think that they got a great deal. That is way more than I thought they would sell them for. This whole grading thing of getting a 70 grade instead of 69 doubles the price is ridiculous. Who can really tell the difference anyway. I can't.
I am still waiting for my 1 set to be shipped. My order was accepted at 4:45 so I am probably going to be one of the last ones to get it from the mint. At least I did not get the cancel email. I am happy about that. Still anxious though.
For a short while I thought maybe I should not open the box and send it in for grading. Heck with that! I am going to enjoy my set in the OGP and it will stay that way. I don't intend to ever sell it anyway. I am so turned off with grading modern coins anymore.
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Pillar of the Community
United States
1027 Posts |
Earle, I agree about treating coins as individuals. I try to tell newbies to use the grade only as a guide, that they should learn to self grade the coins they are interested in collecting. With the average price difference between grade steps for classic coins typically a matter of doubling, that 2 to 1 ratio becomes the difference between a high 65 and a low 65 and you need to decide for yourself where the coin lies, and if the assigned grade is even right to begin with. Aside from direct from the mint acquisitions, I only buy coins that I can hold and examine and ones sold on line with images of high enough resolution and clarity that I can come to a grade decision of my own. I buy slabbed coins as long as I don't have to pay any premium for the slab or what it says but once a coin is in my collection to stay, the slab comes off. With moderns, the issue is even more important because there is virtually one value for everything up through 69 and 70s cost five to ten times that number. The notion of perfection is a joke and this year especially, the TPGs are starting to dig their own graves by returning so many 70s. Sure, you can say that the increase is because TPG customers are pre-screening better but it is the TPG population reports that created the artificial condition rarity of the "perfect" coin in the first place. If perfection becomes commonplace, it literally and figuratively looses its luster, and with that, its value. The attempt to once again create rarity out of thin air with limited edition labels was doomed to failure from the start because the coins themselves aren't even involved in the equation. Collapse of third party grading may not be at our doorstep but it is on the horizon.
Edited by clairhardesty 11/13/2011 04:21 am
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Pillar of the Community
United States
7840 Posts |
By hearing about "sealed sets", I thought that there would be some form of security tape around the box. Nope. Just regular old clear packing tape. Fortunately the tape was not broken, and it's off to it's new owner in New England.
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Valued Member
United States
301 Posts |
"First Strike" "Early Release" and my favorite the "San Francisco" silver eagle bullion coins are great examples of TPG's creating value for themselves and no one else. It's pure nonsense that I absolutely will not buy in to. It's unfortunate that so many others do. I would much rather have my ASE set in the original packaging from the mint. Breaking the set into 5 individual slabs doesn't seem right to me. They (the TPG's) could have at least created a 5-coin holder for it. I think that TPG's do have a place. They are good for certifying non-modern coins and sorting out counterfeits.
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Pillar of the Community
United States
4901 Posts |
Quote: It seems to me the TPGs are replacing them with "out of set" coins to flesh out a full five coin 70 set. I don't understand that statement. Are you saying that that the grading companies are making up sets of 70's with regular issue coins? Makes zero sense to me...especially since the issue seems to be the S burnished coin which doesn't exist "out of set"..and why would they care anyway. Dealers (or everyday sellers) will make a 70 set out of what they have. It doesn't imply that they sent in one set and they all came back with a 70 grade. Send in 20 sets and you will be able to make up a few 70 sets....send them to ANACS and you will probably get 10-15 back
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Replies: 1,627 / Views: 120,225 |