PCGS POPs 2012 Coin and Currency PF "S" Coin

HIGHLOWLEAVES · September 11, 2012 1:53AM

To whom it might concern, the latest PCGS POP figures for the 2012 s PF coin from the 2012 Coin & Currency Set is as follows: Total of 35 coins graded; 9 PF 70 and 26 PF 69. Folks, that is only 26% are PF 70's.......Interesting. Comments. PCGS Rep. just told me that there are approx. 100 coins in the grading process. We know that the FS deadline has passed. Comments......

1tommy · September 11, 2012 2:24AM

I'm In

First you have to figure these were all sent in BLIND, nobody got to take a peak and the first set I did open had nicks all over it, so it was sent back and the other 1 sent in BLIND. So it looks like a total off 135 or so got the first strike, will see if that commands anymore money. I had good luck with the 25th set sending in blind so if you hit a 70 it will be a winner. I also think you will see a few of these below 69. How many on this board sent in a set? Enjoy

coinsarefun · September 11, 2012 3:06AM

I sent in 2 sets, should get the results soon.

Overdate · September 11, 2012 5:33PM

<< We know that the FS deadline has passed. Comments...... >>

Are sealed boxes dated before the cutoff still eligible for First Strike? If so, the numbers in all grades will continue to rise for a while.

coinsarefun · September 11, 2012 6:10PM

A few graded PR70 PCGS FS coins have sold

1tommy · September 11, 2012 10:48PM

Look at the prices on a 69 (not My sale) But these are all in the dealers slabs and have first strike. Hopefully ours will be in the regular red labels with first strike. Enjoy

69 first strike. And NO More First strikes Sealed or not cutoff date sept 6th. I too always thought as long as you kept the box sealed they would accept for first strike, but was told no after sept 6th......... I also see that dealer is not selling the five dollar bill with these, just the coin. But that price after grading and buying the set surprises me.

Paulyaces76 · September 12, 2012 12:55AM

I am not doubting what anyone is saying but, could they be wrong with the #'s here they said 9 total graded 70, when 7 sold on ebay alone. I don't doubt they told you that but, they could be wrong!

HIGHLOWLEAVES · September 12, 2012 2:11AM

The PCGS coin # FOR THE 2012 s FS C&C PF ASE is #514929. You can go to their POPs and enter that coin #. Hope that helps. Mistake due happen.....

1tommy · September 12, 2012 2:33AM

I wonder if the first 35 were from dealers? All the ones sold and my link are from the same ebay seller. and all are in the mercanti slabs. So those could have gone thru bulk submission and they may have put a minumum of 69 on those. The next two weeks ours should all start showing up and in the right labels. Why would that dealer keep the five and not sell it as a whole Set?

M · September 12, 2012 6:08AM

<< Look at the prices on a 69 (not My sale) But these are all in the dealers slabs and have first strike. Hopefully ours will be in the regular red labels with first strike. Enjoy

69 first strike. And NO More First strikes Sealed or not cutoff date sept 6th. I too always thought as long as you kept the box sealed they would accept for first strike, but was told no after sept 6th......... I also see that dealer is not selling the five dollar bill with these, just the coin. But that price after grading and buying the set surprises me. >>

1tommy, are you sure about the sealed boxes and first strike? This is directly from the PCGS website:

The second way PCGS can verify that a coin qualifies for First Strike designation is when a customer does not open the sealed package that came from the mint. In this instance, the package must remain completely sealed and unopened. The customer then can send that whole package in to PCGS and the receiving department will go by the postmarked date from the mint. As long as this date is prior to the cutoff date for that particular coin, it qualifies for first strike.

1tommy · September 12, 2012 6:26AM

Hey M Never sure about anything from our host, I was told in the beginning they would not accept these out of the mints box, that changed to not out of the wrapper and as far as first strike, I got my info from the phone line and that can change from time to time, so best bet if you want to submit I would call. Like I said I thought as long as there in the MINTS BOX with the stamp than they would take them but I was told NO after sept 6. Will be interesting to see.Enjoy

HIGHLOWLEAVES · September 13, 2012 6:10AM

I just received my grades for the 5 2012 s PF FS ASE's from the 5 coin & currency sets that I submitted unopened to PCGS Modern Service three weeks ago. Four PF FS 69's and One PF FS 70. From what I understand, I am very happy to get one 70 out of five coins. You can balk at the 251,000 2012 two-coin Pf sets or complain that the 2012s PF coin is also in the possible 100,000 Coin & Currency Sets for 2012 but IMHO the PF70 FS 2012s C&C ASE is headed to be a Knock-Out Coin. Yes, one dealer on Ebay sold 5 PF70's, then another and then another; while the total PCGS PF 70 FS count was only 9 coins. Was PCGS's number wrong? Or did this dealer get awarded at least 7 of the 9 70's? There is no way for me to know, but the last 70 coin on Ebay that I saw sold for about $300. PCGS told me earlier this week that they had around a 100 coins (C&C) to grade. I would say that all of them qualify for FS.

My question... say even a 1,000 C&C sets that all qualify for FS are eventually submitted and the rate of PF 70's are running 25%, then when all is over you have say 250 2012s PF FS Silver eagles labelled "From the C&C Set"exist, is that a rare Top TPG Co. coin that collectors will pay high prices for in the future just to have one of the +- 250 70 coins? Please comment......

coinsarefun · September 13, 2012 6:41AM

Ah, I see the thread raised towards the top. Got my results today. One graded 70 and one graded 69

So do I sell or hold to see if prices raise on the PR70?

OPA · September 13, 2012 7:01AM

<< Ah, I see the thread raised towards the top. Got my results today. One graded 70 and one graded 69

So do I sell or hold to see if prices raise on the PR70? >>

Just with most new US Mint graded 70 products, "it's the early bird that catches the worm." SELL, before the price begins to drop.

Manorcourtman · September 13, 2012 8:36AM

<< 

<< Ah, I see the thread raised towards the top. Got my results today. One graded 70 and one graded 69

So do I sell or hold to see if prices raise on the PR70? >>

Just with most new US Mint graded 70 products, "it's the early bird that catches the worm." SELL, before the price begins to drop. >>

^^^^^^THIS^^^^^^^^^^

Overdate · September 13, 2012 10:16AM

<< Ah, I see the thread raised towards the top. Got my results today. One graded 70 and one graded 69

So do I sell or hold to see if prices raise on the PR70? >>

I would say HOLD! This coin (with the PCGS C&C Set label and First Strike) has the potential to be a monster.

As reported above, the current pop. is 9 PR70 and 26 PR69. If there are 100 more coins in the queue and the ratio holds, that would add up to about 35 PR70 and 100 PR69 or lower.

The question is how many more First Strikes are likely to be graded. If none are permitted after the cutoff date, the final total is likely to be not much higher than 135 in all grades.

On the other hand, if First Strikes can still be obtained for unopened, sealed boxes with appropriate shipping dates, the number could rise somewhat, but would still likely be low. Sealed boxes of the C&C set are nonexistent on eBay. I doubt that a huge number were saved.

For either outcome, the PCGS PR70 First Strike numbers for the C&C Set Silver Eagle will almost certainly blow away the numbers for any other First Strike proof Silver Eagle. The next scarcest proof is in the high triple digits. On the uncirculated side, the lowest MS70 First Strike is the 2007 business strike with a population of 61, and this coin is fetching in the neighborhood of $2,000.

The 2012-S from the C&C set has pretty much flown under the radar up until now. Most of the action has been with the 75th Anniversary Set, with upwards of 3400 PR70 First Strikes graded for each of the proof and reverse proof. There is a good chance that the C&C set coin will come in at around 2% to 3% of that number, possibly less.

Usually it makes sense to take profits early on First Strike 70's, but this time it really could be different. IMO.

coinsarefun · September 13, 2012 10:42AM

<< 

<< Ah, I see the thread raised towards the top. Got my results today. One graded 70 and one graded 69

So do I sell or hold to see if prices raise on the PR70? >>

I would say HOLD! This coin (with the PCGS C&C Set label and First Strike) has the potential to be a monster.

As reported above, the current pop. is 9 PR70 and 26 PR69. If there are 100 more coins in the queue and the ratio holds, that would add up to about 35 PR70 and 100 PR69 or lower.

The question is how many more First Strikes are likely to be graded. If none are permitted after the cutoff date, the final total is likely to be not much higher than 135 in all grades.

On the other hand, if First Strikes can still be obtained for unopened, sealed boxes with appropriate shipping dates, the number could rise somewhat, but would still likely be low. Sealed boxes of the C&C set are nonexistent on eBay. I doubt that a huge number were saved.

For either outcome, the PCGS PR70 First Strike numbers for the C&C Set Silver Eagle will almost certainly blow away the numbers for any other First Strike proof Silver Eagle. The next scarcest proof is in the high triple digits. On the uncirculated side, the lowest MS70 First Strike is the 2007 business strike with a population of 61, and this coin is fetching in the neighborhood of $2,000.

The 2012-S from the C&C set has pretty much flown under the radar up until now. Most of the action has been with the 75th Anniversary Set, with upwards of 3400 PR70 First Strikes graded for each of the proof and reverse proof. There is a good chance that the C&C set coin will come in at around 2% to 3% of that number, possibly less.

Usually it makes sense to take profits early on First Strike 70's, but this time it really could be different. IMO. >>

Thanks for your thoughts. I was thinking or wondering the very possibility you stated. I really don't have that much money invested in
the two coins and worse case senerio it drops to $200 for the pr70 fs flag holder.

I guess I will hold and see what happens, not sure what the demand will be though?

bretts911 · September 13, 2012 11:25AM

So I am thinking of maybe buying one? but not wanting to send into PCGS because I do not have a membership but would it be worth just to keep it sealed?

MsMorrisine · September 13, 2012 12:41PM

what you are planning to do would require you to buy a sealed box one that shipped from the mint before the first strike cutoff date.

HIGHLOWLEAVES · November 4, 2012 2:22AM

PCGS Pops today 11/4/12 for set jumped by 35 and all 35 were graded PF 70 FS........ Oh Well !!

1tommy · November 4, 2012 3:00AM

I Have tried to Move on as this still bothers me greatly, Now IF it was a BULK submission of 100 sets and others have already said they CANNOT have a minimum of Proof 70 than WHERE are the 69's? I guess a phone call tomorrow to our host and ask this question is in order. It makes NO sense at all how these are showing up in the pops ALL 70's with NO 69's

Nickcap · November 4, 2012 3:46AM

Forgive my ignorance on this type of coin,

What makes the "Coin and Currency" Coins more collectable?

blu62vette · November 4, 2012 4:02AM

One way that only 70s get graded without 69s is to request not to
grade the 69s, even when you submit in bulk for min 69 grades. I know
one dealer that although he pays to grade 69s, he instructs PCGS not
to encapsulate the 69s and he gets them back raw, with the 70s that
grades.

1tommy · November 4, 2012 4:30AM

<< One way that only 70s get graded without 69s is to request not to
grade the 69s, even when you submit in bulk for min 69 grades. I know
one dealer that although he pays to grade 69s, he instructs PCGS not
to encapsulate the 69s and he gets them back raw, with the 70s that
grades. >>

Thanks for taking the time to explain, advantage to the dealers........................Enjoy

Nickcap there were not many of these graded and there are some folks that collect 1 of each of these labels. My only problem with this being allowed not only does this affect the pops (false pops) but I would image the dealer than turns around and sells these raw to folks that have no idea the coin was already pregraded and failed.........I understand ampex does this and I am sure other big dealers but it bothers me that its ok to sell the rejects to the unknowing public...........

M · November 4, 2012 6:41AM

They definitely sell the rejects and no way I'd buy another thing from them in OGP. But in this case, how would they (or anybody) get the coin back in the plastic holder for resell?

1tommy · November 4, 2012 7:23AM

<< They definitely sell the rejects and no way I'd buy another thing from them in OGP. But in this case, how would they (or anybody) get the coin back in the plastic holder for resell? >>

Very good question and I went and opened my package that I got back,and Yes it can be easily put back inside the 2 way plastic holder (it opens up to hold the coin) Than just slips back in the Display slot. wow ............Enjoy

Overdate · November 4, 2012 8:08AM

Quite a few people collect moderns in OGP. It shouldn't be a problem as long as they're not paying more than MS69 prices.

Easycoinsales · November 4, 2012 1:34PM

I called them as well and they will accept!!!! As long as the box is sealed. They will be given first strike designation.

Tiggs2012 · November 4, 2012 1:59PM

<< Forgive my ignorance on this type of coin,

What makes the "Coin and Currency" Coins more collectable? >>

Nothing. I second the notion that prices will just keep dropping. With higher mintage and less desirable than the RP, the trend is obvious.

HIGHLOWLEAVES · November 4, 2012 11:26PM

Has any member gotten an explanation from PCGS as to how all 35 C&C coins graded last week were PF 70'S ?? I am going to call PCGS later today. Thanks.

M · November 5, 2012 1:20AM

<< Quite a few people collect moderns in OGP. It shouldn't be a problem as long as they're not paying more than MS69 prices. >>

Why would anyone consider buying a reject from Amex or similar in OGP when these are still available from the Mint? At least they have the possibility of getting a 70 and a return policy if it's not. I see these and other available Mint products on ebay all the time selling for more than Mint price, go figure.

1tommy · November 5, 2012 1:54AM

Here is the original link to all the previous counts and there has been more than 1 case of all the pops that week being 70's with no 69's. Folks if you don't read the whole thread you cannot understand that this has nothing to do with the price but with the advantage of not only getting 70's but that it also affects the true POP results. Instead of a 70 being rare out of all the ones they graded it makes it look as tho the 70's outnumber the 69 being given out and that is NOT the case. I agree with the fact some people buy off ebay instead of directly thru the mint, but for all those buying these after they have already been graded and did not pass, do you honestly think the dealers are saying the coins have been thru and didn't meet there minimum? I doubt that very much. Face it a dealer sends in 100 sets gets 35 70's takes the other 65 and sells them for alittle over there cost from the mint, MEANWHILE the 35 70's they got, they sell for 3 to 4 hundred dollars. This is being done not only with these but has been going on for the pucks and the Silver Eagles, now the mint sells to these AP's alittle over cost thinking that these companies are selling them to the public directly, but instead they take a case or two and do a bulk submission, its a win win for them........Enjoy tom Original Thread on the 2012 CC set

Overdate · November 5, 2012 4:42AM

<< One way that only 70s get graded without 69s is to request not to
grade the 69s, even when you submit in bulk for min 69 grades. I know
one dealer that although he pays to grade 69s, he instructs PCGS not
to encapsulate the 69s and he gets them back raw, with the 70s that
grades. >>

If this practice is widespread, it may result in a shortage of 69's for those who want the C&C First Strike label without shelling out $400 or more for a 70. Currently there are only 240 PR69's graded. Compare that to about 4,500 PR70's for the same coin from the 75th Anniversary set.

PCGS POPs 2012 Coin and Currency PF &quot;S&quot; Coin

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