We are now beginning to see non FS, 20th ANN sets

Bear

We shall begin to see if there is any difference

in pricing between Non FS and FS sets.

bestday

<< <i>We shall begin to see if there is any difference

in pricing between Non FS and FS sets. >>


Saw some non -1st strikes back a couple weeks ago..the PCGS PRF 69 was $$ 100.00 less than the 1st strike PRF 69

holeinone1972

I don't get it. I have a bunch for sale in the bst and everyone wants them until they findout they don't have the extra $10 label.

WTF!!

I thought it was the general consensus around here that f/s does not mean a thing.

I wish I understood.

Rob

MasterGuns

Is "First Strike" only a PCGS term, or is it used by other TPGs?

Bear

When it is all said and done, I believe that the FS designation

will prove to be more desireable and thus will elicit the higher

value. While the degree of higher value may fluctuate, it will remain

in effect.

jamakin

at 100.00 less music to my ears.
I ask again, why would one pay 100 more for the same coin?
I printed out the Mint's press release reguarding that topic and keep it handy lest I forget the answer to that question.

jrscoin

Look at the difference in price for a PCGS PR70 Gold Buffalo First Strike and Not First Strike....

$2000+ Difference

Is that going to be the case for the AGE and ASE sets?

Bear

The designation of FS, appeals to the ego.

Never underestimate the power of the human

mind. It is able to set a value beyond intrinsic

and material factors. I believe that PCGS understands

this phenomina, better then most.

jamakin

I don't know about the ego thing. The Mint makes the coins ,piles them up then ships them out in no assigned order. Gettting a label that means first shipped does not appeal to my ego.

ziggy29

I think there will be a value gap at first. But I think the gap will narrow and almost vanish completely once people realize they're paying for vapor.

Bear

People paid $ 800,000 for a dress worn by an actress

in the movie" Breakfast at Tiffanys". The dresss is exactly

like hundreds of similar dresses. If not ego, what would

account for the vast difference in valuation? While not all

people are effected by such madnes, I am afraid that many

are.

pf70collector

I think a majority of the sets will look like this maybeASE Set
Mainly because of the cut off date of Oct. 24 for the MS and Nov.11 for the other two coins.

jamakin

Bear I agee totallly with you. FS is a status thing.
And while the dress might have been worn by that actress and sold as such , I feel that the wording "first strike" is not accurate and therefore not desireable. Take it one set further , If she wore 10 of the same dresses and you could prove you own one of the first ones delivered to the studio ( not knowing if she wore that one first)would you pay more for that dress labeled first worn?

30AnvZ28

Jay Leno paid $300,000 for the first Corvette C6 that was build for production... its the same as the rest of them... just $240,000 more expensive???

renman95

<< <i>Is "First Strike" only a PCGS term, or is it used by other TPGs? >>



It's just PCGS, NGC seems to think that all 20th Ann's are first strikes...I agree. NGC has put first strike on other coins. PCGS created a successful campaign...need to watch the pending lawsuits on first strikes.
PS Semper Fi, Mac!

Bear

There was full disclosure what was being offered,

we all knew exactly what we would be getting. Either

we bought it, or we didnt, I dont see where there is a problem.

VicDaewoo

<< <i>I don't know about the ego thing. The Mint makes the coins ,piles them up then ships them out in no assigned order. Gettting a label that means first shipped does not appeal to my ego. >>

Not only that, but the mint doesnt even state that early production coins are even shipped first. They could be stockpiled for months before ever being shipped.

dbldie55

Some people pay a lot of money for the ink on the label. The coin is not even examined.

LALASD4

I am going to start selling oranges as "First Pollinated".

dragon

<<< People paid $ 800,000 for a dress worn by an actress

in the movie" Breakfast at Tiffanys". The dresss is exactly

like hundreds of similar dresses. If not ego, what would

account for the vast difference in valuation? >>>




That was however the ACTUAL dress worn by actress Audrey Hepburn in the movie though, not just a dress similar to the real one. With this First Strike thing, the buyer has no idea if they are actually getting a first strike coin or not........big difference.

53BKid

If you look at average prices paid on eBay you can get a clear sense that many collectors are bidding more aggressively for F/S. I haven't updated my figures since 12/2 but the premiums are being paid for F/S on the ASEs.

DCAM 69s F/S average price $84.45 DCAM w/o F/S $69.25 a $15.20 difference.

The difference is much wider on MS grades

MS69 F/S $164.99
MS69........$106.96

a $58.03 difference.

Not a bad return for a $10 extra fee.

RedTiger

I think it is fine and dandy. It is what it is, coins shipped and postmarked during the first thirty days of shipments.

No one seems to have learned the bit that first strike means graded once. As I understand it, a coin will never get a 70 on review if sent inside a holder. A coin cracked out, can never again be first strike. That means those First Strike 70s are one shot through. To me that is worth a significant premium.

I would pay a premium on classic coins, if there was a verifiable way to determine that they were sent in once and only once for grading. So would a large number of folks. Again, I think First Strike is fine and dandy. It is, what it is. As long as people understand that it means early shipment and graded once, that is fine by me. In my opinion, there is way too much fuss over two marketing words.

The non-FS 70s might eventually have been sent in a dozen times to get the grade. If a person wants to pay the same price for those as a one-shot 70, go ahead, but I would not.

tychojoe

Good point. "Graded only once" is the first qualitative advantage for First Strike (tm) that I've learned about, aside from the 1-dimensional appeal of the label name by itself.

Type2

Yes, You are right if you rec your coins in the first 30 day and got F/S you shold get a premium for your coins. But i think some of us think that the mint should have shiped all the orders within 30 days to give all the collectors a shot at that lable i got 5 set in p.c.g.s F/S holders and 10 on back order but some of collectors did not rec ther first sets i would be mad my salfe if it was me.

cullenbryant

<< <i>As I understand it, a coin will never get a 70 on review if sent inside a holder >>



so what your saying, is that ANY ms70 coin was a one shot through submission.

cullenbryant

unless submitted raw, and what are the chances of upgrading from 69 to a 70.

quarterguy

It will be interesting to see what happens to PCGS due to the lawsuit filed against them and the future of the FS designation. Most people here understand what the FS is all about but many others do not. I think the suit has merit. IMHO.

HIGHLOWLEAVES

Question, if you have a 2006 ASE MS or PRDC and each is in a 20th Anniversary PCGS Holder and you resubmit them for a possible higher grade, will PCGS relense them with the 20TH Anniversary designation? Of course, if you take either designated coin out of the holder and submitted them raw, then you loose the 20 TH Anniversary label. Correct? Thanks.

holeinone1972

<< <i>Question, if you have a 2006 ASE MS or PRDC and each is in a 20th Anniversary PCGS Holder and you resubmit them for a possible higher grade, will PCGS relense them with the 20TH Anniversary designation? Of course, if you take either designated coin out of the holder and submitted them raw, then you loose the 20 TH Anniversary label. Correct? Thanks. >>



If resubmitted they crackout and it goes to the grading room, raw with the guarantee that it cannot come back lower than it was. It will retain it's designation, wether it be 1st strike or 20th anniversary.

If you submit raw, you lose all 20th or first strike labeling, unless its a reverse proof, but then you could go from first strike to 20th anniversary only.

Rob

dragon

<<< No one seems to have learned the bit that first strike means graded once >>>


I think that's incorrect. A coin in a First Strike holder could have been submitted for regrade in the holder numerous times and possibly received an upgrade, as well as retained the FS designation on the holder.

There is no sure way of knowing if ANY coin was submitted for grading only once.

Bear

The sure way to know, is if you sent in

your own sealed boxes from the Mint.

Then, If you receive a 70, you know for sure,

that it was a first time grade.

aficionado

Getting beyond if FS means anything,

I think the regular label looks very bland and unattractive, expecially compared to the FS label. I know you old timers might not thing so, but with the flag and gold lettering the FS labels just stand out.

Here's free advice to PCGS:

Jazz up the label a bit. It's more than just a label with info now, it's part of the 'package'. Make the whole 'package' look good.

People might even resubmit to get the new cool looking label.

aficionado

<< <i>

<< <i>Question, if you have a 2006 ASE MS or PRDC and each is in a 20th Anniversary PCGS Holder and you resubmit them for a possible higher grade, will PCGS relense them with the 20TH Anniversary designation? Of course, if you take either designated coin out of the holder and submitted them raw, then you loose the 20 TH Anniversary label. Correct? Thanks. >>



If resubmitted they crackout and it goes to the grading room, raw with the guarantee that it cannot come back lower than it was. It will retain it's designation, wether it be 1st strike or 20th anniversary.

If you submit raw, you lose all 20th or first strike labeling, unless its a reverse proof, but then you could go from first strike to 20th anniversary only.

Rob >>



Are you absolutely sure? I would make sure of this before I sent in an FS for re-grading.

kimon1230

<< <i>Getting beyond if FS means anything,

I think the regular label looks very bland and unattractive, expecially compared to the FS label. I know you old timers might not thing so, but with the flag and gold lettering the FS labels just stand out.

Here's free advice to PCGS:

Jazz up the label a bit. It's more than just a label with info now, it's part of the 'package'. Make the whole 'package' look good.

People might even resubmit to get the new cool looking label. >>

I agree!
I recently submitted a set where 2 of the 3 coins where eligible for the FS designation. When they came back, the uncirculated one looked... poor

Mesquite

I think it is going to be difficult to know for sure the "value" of the FS designation, at least in the short-term. Case in point: a few weeks back segoja's (SP?) RP-70 FS went for $5885. Last week Russ sold one for $3900 (approximately). Today I see this link (with no takers). The RPs are dropping in price, FS or otherwise. So, there are two things going on in the market at the moment.

holeinone1972

<< <i>

<< <i>

<< <i>Question, if you have a 2006 ASE MS or PRDC and each is in a 20th Anniversary PCGS Holder and you resubmit them for a possible higher grade, will PCGS relense them with the 20TH Anniversary designation? Of course, if you take either designated coin out of the holder and submitted them raw, then you loose the 20 TH Anniversary label. Correct? Thanks. >>



If resubmitted they crackout and it goes to the grading room, raw with the guarantee that it cannot come back lower than it was. It will retain it's designation, wether it be 1st strike or 20th anniversary.

If you submit raw, you lose all 20th or first strike labeling, unless its a reverse proof, but then you could go from first strike to 20th anniversary only.

Rob >>



Are you absolutely sure? I would make sure of this before I sent in an FS for re-grading. >>







Here is the answer straight from CoinKing