First time I've seen an APMEX / PCGS encapsulation....
ms70
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Never saw this before. Interesting wording on it too.
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That is APMEX Mint Direct Premiere Holder. They have had those for awhile now. It appears that they have made a deal with PCGS that coins in these holders can be labeled by PCGS as 1st Strike at a later date as long as the holder is still sealed.
Very interesting! Great partnership by PCGS and APMEX.
We just need the US Mint to ship sealed, transparent containers too!
2020 1 Oz. Mexico Libertad Silver .999 Low Mintage Of 300K! PCGS FS APMEX MINT
An authentication without a grade. Interesting from that standpoint. So far as the "First Strike" designation goes ...
It will be interesting to see how this impacts First Strike value as many more coins (100,000s to millions?) will remained qualified for decades.
Calling a mintage of 300,000 as 'low' is certainly relative but remember very few will ever be lost, spent or otherwise make that 300k look scarce.
https://www.apmex.com/mintdirect-pcgs
Just in case anyone is interested in learning more about the 'Mint Direct Premier + PCGS FS' program.
For example: when it started, which coins are included, free PCGS membership offer, the fact that coins are NOT 'screened/searched', etc.
Does PCGS have an employee over there verifying these are legit 1st Strike before they go into these holders?
The ad copy implies that APMEX is self-certifying (i.e., PCGS relies on the APMEX "process").
"APMEX has partnered with PCGS, one of the most trusted names in numismatics, to further enhance the MintDirect® Premier program. PCGS has rigorously reviewed and confirmed the process we have in place to secure coins from mints around the world and proudly stands by our products being received within 30 days of initial release and stored in a way that ensures the unadulterated condition of the coins."
Source: https://www.apmex.com/mintdirect-pcgs
FWIW - APMEX currently has two 'MintDirect' tiers: 'MintDirect' (unsearched) and 'Mint Direct Premier' (unsearched + received within 30 days of initial release). They have been selling 'MintDirect Premier' items since at least Q2-2018. During this timeframe, these items have been marketed as being received within 30 days of initial release. The only difference now is that PCGS recognizes the 'Premier' designation, and will accept it for labelling purposes.
Anyone know just how tamper proof that packaging is? Peace Roy
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I'm not a fan.
I ordered three 2021 Silver Eagles from APMEX. They are the Mint direct PCGS certified versions. I pre-ordered them last November. They are scheduled to ship on 01/11/2021.
It’s a great idea for bullion coins IMO. Just a simple authentication is all you need for ease of resale.
My local coin shop had these for sale a couple of years ago. Charging the same price as the raw counterparts in OGP. Or I could have paid spot plus $150 for MS69/70s. I jumped on these and then went back the following week for more, but he had sold the rest.
MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940
Really good move on the part of Apmex...shows innovative business acumen. Cheers, RickO
My eye roll at this cross-packaging partnership is tempered by the fact that if PCGS makes a lot of money selling labels celebrating delivery schedules, it must be keeping the costs of the services I do use from escalating faster.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
If I were buying a raw BU I'd rather spend the extra buck that it roughly seems to be packaged this way verses receiving one in a mylar flip or plastic bag.
Pocket Change Inspector
If it fits nicely into a PCGS box I would order one, not sure if it does or not. It seems like a good way to store a collection of these.
K
It’s just bullion and $60 an oz is too much regardless of the holder. My LCS would probably offer to pay melt or slightly more.
I wouldn't pay that up above. Just saying when looking at any of the current 1 oz silver on APMEX and as an example, I saw a 2022 Kangaroo and 2023 Britannia packaged like that for about $1 and change more than the BU they offer and send in a bag.
Pocket Change Inspector
If I have rolls of Premier bullion older than 2018, will PCGS certify them as FS?
I knew it would happen.
I found this:
Source: https://www.pcgs.com/news/pcgs-announces-partnership-with-apmex