Are We Buying Labels or Coins?
DisneyFan
Posts: 2,066 ✭✭✭✭✭
The latest from last night's GC
Plain label sold for $1,693.12 in March
Tagged:
3
Comments
I'm not sure you can conclude anything from 2 coins. The plain label might have sold for $2k+ last night.
personally for me if the coin gets my notice i could care less about labels and also the coin has to fit into my budget
Coins for sale at link below
https://photos.google.com/album/AF1QipOVMv7FZDb2BvqQnSIUKnelz2nhX9TVEMcKHgHm
I wouldn’t buy either for those prices.
Also. One is SP. the other MS. the burnished does sell for more
Check out GC's Auction Archive.
Check out my second comment. Those are two different types.
2008-W MS or SP is burnished
Some collectors are definitely paying for labels - compare prices realized on some recent issues for first strike vs. first day of issue vs. advanced release vs. various signed labels.
Some buy labels, some buy coins, some buy the holder. Life wouldn't be at all interesting if everyone liked the same things.
Just my eversohumble opinion...and 2¢
USAF (Ret) 1974 - 1994 - The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries. Remembering RickO, a brother in arms.
Odd... why did PCGS use two different grades?
yes
11.5$ Southern Dollars, The little “Big Easy” set
Some of this and some of that. Been waiting weeks for some new submissions to get returned.
I have never and will never pay one dime extra for a special label.
Fair question, but how is this different between those who prefer PCGS plastic over NGC or restricting themselves to only CAC labelled coins?
In a hobby that reinforces OCD, I don't think the point is revelatory.
"Got a flaming heart, can't get my fill"
Are we buying labels or coins? Yes.
Collector, occasional seller
Very rare coin in first strike
Labels rule!
Basically, we're buying whatever we find attractive enough to justify the price.
Coinlearner, Ahrensdad, Nolawyer, RG, coinlieutenant, Yorkshireman, lordmarcovan, Soldi, masscrew, JimTyler, Relaxn, jclovescoins
Now listen boy, I'm tryin' to teach you sumthin' . . . . that ain't an optical illusion, it only looks like an optical illusion.
My mind reader refuses to charge me....
Heck, why not both?
Coin Photographer.
With “fdoi “ regularly getting 25-30% more? I would say yes.
Now fdoi is a little different from FS / ER in that they retain their premium during selling, while FS/ER not so much. There’s exceptions to everything. 😉🦫🙀
🎶 shout shout, let it all out 🎶
Some 1965 to 1967 sms coins were graded MS instead of SP.
Also the case with Satin Finish coins of 2005 to 2010. Here is a kennedy graded ms69 on the holder but called sp69 in the set registry.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Modern stuff? Who knows?
What day is this?
One is a bullion coin with no numismatic value and shouldn’t have been slabbed (imo) and the other is a SP with “some” numismatic value.
Both are not worth much more than spot imo.
Despite the MS on the second label, both coins are burnished.
Coin #1: Cert Verification #44908117
Coin #2: Cert Verification #13278182
I'm learning something new everyday!
The PCGS First Strike program designates coins issued in the first 30* days of the Mint's release.
Total minted 2,481
Total PCGS 563
PCGS "70" 335
PCGS First Strike "70" 40
Could all 2,481 coins have been struck within the first 30 days?
It's not really when they are struck. It's when they are shipped. It is sort of a meaningless designation. HOWEVER, there are people who like their set to match and so want the 1st strike holder. As you can see from the numbers, it is harder to find the 1st strike for whatever reason.
Source
Labels convey certain details the TPG deems relevant. And yes, some collectors do collect labels. I do not, but let those who like coins with this type of information also enjoy that nice of collecting. Some people collect thimbles or spoons... Whatever makes lives interesting.... Cheers, RickO
Odd that the “First Strike” coin has a higher, more recent serial number. I guess there is no expiration on “First Strike” as long as it is in the sealed, postmarked box.
Many dealers and vest pockets will look to buy coins graded MS or PR70 at slight premiums then run them online for full market value.
Speaking of burnishing, the PCGS isn't exactly burnishing its reputation with antics like this.
Sometimes we buy both. The coin is first for me. The label(s) are secondary, but also have some importance.
Donato
Donato's Complete US Type Set ---- Donato's Dansco 7070 Modified Type Set ---- Donato's Basic U.S. Coin Design Set
Successful transactions: Shrub68 (Jim), MWallace (Mike)
Spending $650 for a nicer label could be considered the equivalent of spending $650 for a nicer grade.
Can’t get any better than this coin as it’s already graded 70. This is an extremely tough coin to get in first strike, believe me.
Collect what you like... For many people that First Strike premium, especially on 2000-2010 era Moderns is well worth it to enhance their registry sets.
The label is indicating a certain time period in which it was shipped from the Mint. 200 years ago, this would have been something very interesting, to know when certain coins were shipped from the Mint.
CoinBlog.net
For me, that's the opposite, I'd pay more for the standard label. I like a normal looking slab.
My YouTube Channel
I made a special request to have this normal:
My YouTube Channel
Hope mine come out that good (still waiting ...)
Many collectors collect plastic and stickers (if applicable) with the coin only being of secondary or tertiary importance. The number seems to have grown immensely since the early 2000s and is probably driven in part by the registry craze. (Aren’t first strikes weighted differently? Even if not the registries certainly created a label and plastic obsession that arguably bled over to special labels.) I do not think it is healthy for the market.
Speaking of special labels, TV peddler Mike Mezack is now offering HIS signature on NGC slabbed 2021 burnished American Silver Eagles. Saw it on his Saturday morning infomercial on the History channel.
People collect all kinds of things. Sometimes, they collect things other people think they shouldn't.
My Grandfather always used to tell me - "If you got it, spend it, do what you want while you can because there is only one conclusion in life!!!!!!!"
"When they can't find anything wrong with you, they create it!"
Not a fluke. Two sold in last nights GC. All three are Burnished. $4,200 for the label!
Winning Bid $7,861
Winning Bid $7,800
Compared to:
Winning Bid $3,600 - March 6, 2022
Again, this is a VERY rare coin in a first strike label. Honestly I think the 2 coins went somewhat cheap tonight as these do not surface very often. Think I’ve seen less than 8 total available ever.
i buy whatever coin gets my interest no matter the label and fits my budget
Coins for sale at link below
https://photos.google.com/album/AF1QipOVMv7FZDb2BvqQnSIUKnelz2nhX9TVEMcKHgHm
Yes. First day of issue only. ( if value and future potential is important)
Not I will not pay extra for… FS. ER… All the same as plain label. ( advanced release is beyond comprehension for me, why the heck is having something that was released a week earlier than the commoner can have them and at 3x the price!😂😂 so ego stroking, important? )
Again I rant. Sorry 😉🙀🦫
Buy and collect what you like 😎
🎶 shout shout, let it all out 🎶
Source
Are We Buying Labels or Coins?
Labels of course.
Anyone can buy a coin, but a rare label is priceless.
BHNC #203