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NGC will not give FIRST STRIKE designation to San Fran Commems!

AnkurJAnkurJ Posts: 11,370 ✭✭✭✭
in U.S. Coin Forum
I called NGC about these today, and I was told right off the bat that they will not be giving first stike designations to the San Fran gold or silver commems. I asked why, and all I was told is that it is the descision they came to. I have no idea why they wouldnt when they did for all other gold & silver US Mint coins.

Anyone know?

Ankur
All coins kept in bank vaults.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!

Comments

  • DickyBetzDickyBetz Posts: 3,825
    First strike is only for bullion.
  • RYKRYK Posts: 35,800 ✭✭✭✭✭
    That is totally unfair!!! image
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • AnkurJAnkurJ Posts: 11,370 ✭✭✭✭
    Gottcha, i thought that since this was gold that it would also qualify. My mistake.

    Ankur
    All coins kept in bank vaults.
    PCGS Registries
    Box of 20
    SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
  • airplanenutairplanenut Posts: 22,402 ✭✭✭✭✭


    << <i>That is totally unfair!!! image >>

    image
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • FatManFatMan Posts: 8,977 ✭
    First Strikes are not first strikes, they are only first shipped. TPG meaningless hype.image
  • AnkurJAnkurJ Posts: 11,370 ✭✭✭✭
    Does a coin that gets a first strike designation bring more? I didnt see any difference in prices with the Gold Buffalos.

    Ankur
    All coins kept in bank vaults.
    PCGS Registries
    Box of 20
    SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
  • XpipedreamRXpipedreamR Posts: 8,059 ✭✭
    Oh, the humanity image
  • robertprrobertpr Posts: 6,862 ✭✭✭
    Surely there must be SOME coins that are first strikes, I mean they do change dies every so often right? image

    image

    On a somewhat related note, I saw on eBay an auction for a coin, GB I believe, that they were hyping the classic blue, non-first strike holder as rare (and it is quite difficult to find). image
  • 7Jaguars7Jaguars Posts: 7,755 ✭✭✭✭✭
    Thank god, maybe they will go legit on this subject and keep up the good (non)work! I am so sick of this absolute nonsense of "first strike" non-entity.

    As we all know (if we know) there is no certainty that ANY of the first strike coins are actually first coins off a set of dies and none that any of the first released coins are of any better quality than coins released later.

    This subject has been beat to death in this chat room and in letters to Coin World, etc. I think these so-called first strikes are coins destined for the well renamed "Crime Vault"
    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • AnkurJAnkurJ Posts: 11,370 ✭✭✭✭
    So basically its just something to hype coins up? I have seen countless ads for First Strike Gold Buffalos for well over the price for a raw coin, even in MS69 so I thought it really had some significance in a coins value. Thanks everyone for clearing that up.

    Ankur
    All coins kept in bank vaults.
    PCGS Registries
    Box of 20
    SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
  • ABC123ABC123 Posts: 2,627
    Get Over It !
  • Conder101Conder101 Posts: 10,536 ✭
    Good for them.
  • CoinMaster1229CoinMaster1229 Posts: 1,092 ✭✭
    I was told that PCGS Copy wrote the term ( First Strike ) and Other grading services can no longer use it. Not sure if that is true, but I have noticed that lately the coin vault is not using it? They now call say First 50,000 struct!
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,623 ✭✭✭✭✭
    © ?

    image just remember, it's about the coin and everything's gonna be alright !

    ``https://ebay.us/m/KxolR5

  • CameonutCameonut Posts: 7,384 ✭✭✭✭✭
    Now that NGC has made a decision - is PCGS going to follow their lead? I hope so.

    I give NGC credit for stepping up and addresssing the issue.

    First Strikes are a total joke!

    “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!

  • morgansforevermorgansforever Posts: 8,486 ✭✭✭✭✭
    As we all know first strike means nothing. Buy some plastic slabs and make your own first strikes, someone will buy em.
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • JrGMan2004JrGMan2004 Posts: 7,557 ✭


    << <i>Now that NGC has made a decision - is PCGS going to follow their lead? I hope so.

    I give NGC credit for stepping up and addresssing the issue.

    First Strikes are a total joke! >>

    As far as I know, neither service has ever labeled non-bullion coins as First Strike(s). So why would they change now?
    -George
    42/92
  • bestdaybestday Posts: 4,242 ✭✭✭✭


    << <i>Does a coin that gets a first strike designation bring more? I didnt see any difference in prices with the Gold Buffalos.

    Ankur >>



    The PCGS Buffao 1st strike prf70..last sale 2901.00

    PCGS Buffalo prf 70 ................last sale 1584.00
  • AZLARRYAZLARRY Posts: 1,189 ✭✭
    Good for NGCimage
    image
  • LastExitInNYLastExitInNY Posts: 600 ✭
    good for NGC !!
  • pf70collectorpf70collector Posts: 6,753 ✭✭✭
    The mint has halted shipment of the uncirculated SFOM gold because of the plastic capsules popping open.
    Montana State Quarter Die Clash

    Box of 20
  • Conder101Conder101 Posts: 10,536 ✭


    << <i>As far as I know, neither service has ever labeled non-bullion coins as First Strike(s). So why would they change now? >>


    Uhh, Money? More fees from more submissions maybe? In another thread it was mentioned that PCGS's revenues from coin grading is actually down. It would not surprise me to see them start first strikes on other items if it would get more submissions through the door. (I think one thing that might be hurting them though is the minimum grade thing on the bulk submissions. They are still having to look at all of the coins but not getting paid for the ones that don't make the grade as long as enough of the submission does make it. I could see them adding an additional minimum fee for EVERY coin that doesn't make the minimum grade on these bulk submissions in the future.

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