Do you like the new "First Stirke" holders
Steve27
Posts: 13,274 ✭✭✭
"It's far easier to fight for principles, than to live up to them." Adlai Stevenson
0
Comments
Cameron Kiefer
K S
Glenn
Here's a warning parable for coin collectors...
<< <i>What's it mean? >>
I think all it means is the coins were made early in the year.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
collections: Maryland related coins & exonumia, 7070 Type set, and Video Arcade Tokens.
The Low Budget Y2K Registry Set
<< <i>What does it mean? >>
It means that PCGS has just come up with another gimmick to part money from fools.
Just my eversohumble opinion.
Cheers,
Bob
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
The fact that it has been struck early in the year doesn't mean a thing. If it's being struck off a worn die mid-run, it doesn't matter if it's the first die used, or the umpteenth.
Obviously it's a marketing idea. I don't even see it's rationale, though, even on a con level.
Here's a warning parable for coin collectors...
BST successful dealings with:MsMorrisine, goldman86
Back in the days when coins were virtually hand-struck, the first coins off a new set of dies were generally struck better if the fates
(and dies) were aligned -- with numberous obverse / reverse combinations as dies self-destructed, leaving their tell-tale cracks and other
detritus for us to examine. Dies were polished, lapped, re-lapped, etc. until details began to disappear.
Today dies are rather disposable, and with few exceptions, one cannot be distinguished from the next.
So what we have are potentially better looking, or better struck pieces from each new die set,
which are changed out throughout the dated year.
All of which has absolutely nothing to do with the December of the previous year, during with these "rare" items are struck.
The venerable U.S. Mint seems to be heading in the direction of its Canadian counterpart, or even worse - the Coin Vault.
EC
When I can find a 2005 ASE in a regular 69 slab, I'll get one of those also
Herb
K S
<< <i>I would like to know how they confirm that it's a FIRST Strike?????? >>
They will give the first strike designation to any of them submitted in January. I don't know if you have to request it, pay extra, or if it comes automaticly.
Not true, their partners purchase 500 coin boxes from the U.S. Mint and the ones that are the earliest date (on the box) get the "First Strike" designation. "First Strike" is now a registered trademark of PCGS.
From Tulving:
"YEAR 2005 1 OZ. GOLD AMERICAN EAGLES IN PCGS MS69 WITH THE ALL NEW,
PCGS "FIRST STRIKE" DESIGNATION!!!
$439.95 EACH!!!
In The New PCGS "First Strike" Holder As Shown!!
THIS IS THE SAME PRICE AS UNCERTIFIED 2005 1 OZ. GOLD EAGLES!!!!
Each Sealed Box of Gold, Silver and Platinum Eagles From The United States Mint Contains a Tape
That Is Dated and Signed By An Employee Of The U.S. Mint.
The Date IN THAT BOX Will Determine The First Strike Status Of The Sealed Mint Box.
The Words " First Strike" Will Be Inside The PCGS Holder, On The Insert, Along With The Date And Grade Of The Coin.
These "First Strike" PCGS Coins Will Have A Different Serial Number Than Regular 2005 Gold Eagles Graded By PCGS.
IMPORTANT INFO- "First Strike" Is Now A Registered Trademark Of PCGS/Collectors Universe And Can NOT
Be Used To Describe A Non PCGS 2005 Gold, Silver Or Platinum Eagle.
ATTENTION BULK BUYERS- WE NOW HAVE ALL DENOMINATIONS OF FIRST STRIKE
PCGS MS69 GOLD EAGLES AVAILABLE- E MAIL US FOR CURRENT PRICES!!"
Jim
<< <i>My opinion is that not only does it look cheezy but it cheapens the image of PCGS as a whole. JMHO. >>
definately
AL
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
<< <i>"No thanks, Grampa, you can keep it, I think it looks like crap" >>
I agree! It looks terrible. I could have done better blindfolded!!!!!
Zach
Check my ebay BIN or Make Offers!!
Box of 20
I wouldn't pay a premium, no matter what the hype.
Seems like a good question for Homerun Hall on the Q&A Forum.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
My digital cameo album 1950-64 Cameos - take a look!
edited to add: The holder now looks ready for SAHTV.
Al
Billy
First Place Winner of the 2005 Rampage design contest!
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
Looks like something you would see in a gumball machine!
<< <i>The real question should be- how did they mange to TM a common phrase? First strike has been used in the armed forces for decades. is PCGS willing to sue the military next time they mention first strike, or will they chase every sports announcer for saying there's the first stike of the season..... >>
I don't think you can trademark "First Strike" (or another term) for everything, just for one particular use. Take Starbucks, for instance. The company is fond of suing anyone who uses anything that remotely sounds like Starbucks when it comes to coffee shops. But some different kind of business or product would not be subject to a lawsuit.
That said, "First Strike" is pretty generic when it comes to numismatics and has been around for a while.
Exactly how do they know which coin was the "First strike"? - (Maybe the coiner scratched a big "1" on the reverse!
You don't think this would be a "gimmick just to sell a common bullion coin at an inflated price? Naaa, they wouldn't do that
“It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.” Mark Twain
Newmismatist