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First time I've seen an APMEX / PCGS encapsulation....

ms70ms70 Posts: 13,946 ✭✭✭✭✭
edited January 3, 2021 10:06AM in U.S. Coin Forum

Great transactions with oih82w8, JasonGaming, Moose1913.

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    ZoinsZoins Posts: 33,867 ✭✭✭✭✭
    edited January 3, 2021 10:39AM

    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

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    291fifth291fifth Posts: 23,939 ✭✭✭✭✭

    An authentication without a grade. Interesting from that standpoint. So far as the "First Strike" designation goes ...

    All glory is fleeting.
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    ZoinsZoins Posts: 33,867 ✭✭✭✭✭
    edited January 3, 2021 10:46AM

    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.

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    fiftysevenerfiftysevener Posts: 897 ✭✭✭✭

    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.

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    MetroDMetroD Posts: 1,936 ✭✭✭✭✭

    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.

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    SeattleSlammerSeattleSlammer Posts: 9,959 ✭✭✭✭✭
    edited January 3, 2021 11:27AM

    Does PCGS have an employee over there verifying these are legit 1st Strike before they go into these holders?

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    MetroDMetroD Posts: 1,936 ✭✭✭✭✭

    @SeattleSlammer said:
    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.

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    Namvet69Namvet69 Posts: 8,672 ✭✭✭✭✭

    Anyone know just how tamper proof that packaging is? Peace Roy

    BST: endeavor1967, synchr, kliao, Outhaul, Donttellthewife, U1Chicago, ajaan, mCarney1173, SurfinHi, MWallace, Sandman70gt, mustanggt, Pittstate03, Lazybones, Walkerguy21D, coinandcurrency242 , thebigeng, Collectorcoins, JimTyler, USMarine6, Elkevvo, Coll3ctor, Yorkshireman, CUKevin, ranshdow, CoinHunter4, bennybravo, Centsearcher, braddick, Windycity, ZoidMeister, mirabela, JJM, RichURich, Bullsitter, jmski52, LukeMarshall

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    cameonut2011cameonut2011 Posts: 10,061 ✭✭✭✭✭

    I'm not a fan.

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    CoinHoarderCoinHoarder Posts: 2,464 ✭✭✭✭✭
    edited January 3, 2021 7:28PM

    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.

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    rickoricko Posts: 98,724 ✭✭✭✭✭

    Really good move on the part of Apmex...shows innovative business acumen. Cheers, RickO

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    messydeskmessydesk Posts: 19,698 ✭✭✭✭✭

    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.

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    Stingray63Stingray63 Posts: 299 ✭✭✭

    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

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    ElKevvoElKevvo Posts: 4,064 ✭✭✭✭✭

    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

    ANA LM
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    SmudgeSmudge Posts: 9,252 ✭✭✭✭✭

    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.

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    Stingray63Stingray63 Posts: 299 ✭✭✭
    edited November 2, 2022 5:54PM

    @Smudge said:
    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

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    jmski52jmski52 Posts: 22,376 ✭✭✭✭✭

    If I have rolls of Premier bullion older than 2018, will PCGS certify them as FS?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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    MetroDMetroD Posts: 1,936 ✭✭✭✭✭

    @jmski52 said:
    If I have rolls of Premier bullion older than 2018, will PCGS certify them as FS?

    I found this:

    Source: https://www.pcgs.com/news/pcgs-announces-partnership-with-apmex

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