How can this be.. New formative rail splitters have date of 4/29/09 on box.
YaHa
Posts: 4,220 ✭
I was just searching ebay and saw some people that just gotten theirs LP2 lincolns formative Rail Splitters and the box states a Date of 4/29/09.. The first penny rolls were given out until May 14 right? Wow something is not right misleading the general public like this or is it.. Maybe they wanted to be prepared.. So I guess the 4/29 date is considered the real first strikes for NGC to grade..
2009 Lincoln Penny Cent Roll US Mint Formative Year LP2
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You are bidding on one sealed box from the US mint containg a P & D set of the 2009 Lincoln cents rolls (Formative Years). I was one of the first to order these sets. The date on all the box is 4/29/09 @ 08:10 am. Like I said above, I have these sets in my possession, this is not a pre-sale. I will ship the same day if your payments are received before 3:00 pm EST. Any payments made after 3:00 pm EST will be shipped the following buisness day. As always shipping is FREE. Bidding starts at 0.99 cents and this is a one day sale. I accept paypal only. I ship only to the United States. I have a 100% feedback rating so bid with confidence. Thank you for looking and good luck with your bids.
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< Results: 2009 lp2 < 2009 Lincoln Pe...
2009 Lincoln Penny Cent Roll US Mint Formative Year LP2
Current bid: -
Time left: 16m
Bid Watch Refresh
Summary Picture Description
You are bidding on one sealed box from the US mint containg a P & D set of the 2009 Lincoln cents rolls (Formative Years). I was one of the first to order these sets. The date on all the box is 4/29/09 @ 08:10 am. Like I said above, I have these sets in my possession, this is not a pre-sale. I will ship the same day if your payments are received before 3:00 pm EST. Any payments made after 3:00 pm EST will be shipped the following buisness day. As always shipping is FREE. Bidding starts at 0.99 cents and this is a one day sale. I accept paypal only. I ship only to the United States. I have a 100% feedback rating so bid with confidence. Thank you for looking and good luck with your bids.
Current bid: -
Time left: 16m
Bid Watch Refresh
Note: To view the full item listing, visit www.ebay.com using a computer before you bid or buy.
< Results: 2009 lp2 < 2009 Lincoln Pe...
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<< <i>I was just searching ebay and saw some people that just gotten theirs LP2 lincolns formative Rail Splitters and the box states a Date of 4/29/09.. The first penny rolls were given out until May 14 right? Wow something is not right misleading the general public like this or is it.. Maybe they wanted to be prepared.. So I guess the 4/29 date is considered the real first strikes for NGC to grade..
>>
The U.S. Mint put this myth of "first strikes" to rest several years ago when it was brought to their attention that collectors and dealers alike wrongly assumed the dates on the boxes somehow reflected the dates when the coins were struck. These two activities (striking the coins and then rolling and boxing them) are completely, I repeat COMPLETELY unrelated.
A few basic facts are in order:
1) New pennies, like all U.S. coins, are struck into huge bins that sit just below the presses. Coins by the tens of thousands roll down chutes for hours and days on end into these bins. These new coins are then bagged and stored. Later on (and this could be weeks later), the coins are shipped to a third party contracted by the Mint who then rolls and boxes them because the Mint does not have the facilities to perform these activities. This procedure has been explained many times in articles published by the various coin magazines.
2) Now, you tell me. Given the timeline of how coins are minted, how in the world could anyone draw a relationship between when a penny is struck and the date/time stamped on a box for a 2-roll set? Anyone who buys into such nonsense is a "fool and his money soon parts."
To summarize, the date of the box provides absolutely no relevant information as to when the coins inside the box were struck.
Just ask NGC... they had to settle a lawsuit not long ago for designating some coins as "first strikes."
This whole "first strike" fiasco and "First Day Issue" nonsense reflects nothing more than the unlimited greediness of third party grading services like NGC and PCGS.
welcome to the forum. Did you just come here to bash PCGS? --Jerry
<< <i>
<< <i>I was just searching ebay and saw some people that just gotten theirs LP2 lincolns formative Rail Splitters and the box states a Date of 4/29/09.. The first penny rolls were given out until May 14 right? Wow something is not right misleading the general public like this or is it.. Maybe they wanted to be prepared.. So I guess the 4/29 date is considered the real first strikes for NGC to grade..
>>
The U.S. Mint put this myth of "first strikes" to rest several years ago when it was brought to their attention that collectors and dealers alike wrongly assumed the dates on the boxes somehow reflected the dates when the coins were struck. These two activities (striking the coins and then rolling and boxing them) are completely, I repeat COMPLETELY unrelated.
A few basic facts are in order:
1) New pennies, like all U.S. coins, are struck into huge bins that sit just below the presses. Coins by the tens of thousands roll down chutes for hours and days on end into these bins. These new coins are then bagged and stored. Later on (and this could be weeks later), the coins are shipped to a third party contracted by the Mint who then rolls and boxes them because the Mint does not have the facilities to perform these activities. This procedure has been explained many times in articles published by the various coin magazines.
2) Now, you tell me. Given the timeline of how coins are minted, how in the world could anyone draw a relationship between when a penny is struck and the date/time stamped on a box for a 2-roll set? Anyone who buys into such nonsense is a "fool and his money soon parts."
To summarize, the date of the box provides absolutely no relevant information as to when the coins inside the box were struck.
Just ask NGC... they had to settle a lawsuit not long ago for designating some coins as "first strikes."
This whole "first strike" fiasco and "First Day Issue" nonsense reflects nothing more than the unlimited greediness of third party grading services like NGC and PCGS. >>
<< <i>Shoebox,
welcome to the forum. Did you just come here to bash PCGS? --Jerry >>
Since when is telling the truth bashing?
1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
Any help locating any of these OBW rolls would be gratefully appreciated!
<< <i>and "First Day Issue" nonsense reflects nothing more than the unlimited greediness of third party grading services like NGC and PCGS. >>
First Strike I'll go along with but First Day of Issue has absolutely nothing to do with strikes. The coin was simply submitted on or before the First Day of Issue.
Both are just slab labels with no numismatic relevance beyond collector appeal. They made millions of these and the only way to distinguish one from the other is by having different submission standards for different slab labels.
Some folks like to have a First Strike™ labels on their SAE, GAE, or PAE's and they will pay for them.
Likewise, there will be plenty of Lincoln BiCentennial Collectors that want a complete set of "First Day of Issue" coins. There is a limited window with which to submit these and that makes the label limited.
Otherwise, folks'll just have common everyday coins.
Neither are fiasco's. They are markets and your whining won't change that.
The name is LEE!
<< <i>
<< <i>Shoebox,
welcome to the forum. Did you just come here to bash PCGS? --Jerry >>
Since when is telling the truth bashing? >>
Because he's not telling the "truth". He's leveling a biased opinion which in itself bashes those that LIKE to collect First Strike™ slabs. He's assuming that the folks that collect them have no clue as to what they are doing and in implying that, calling them stupid for enjoying their collecting interest!
The name is LEE!
Really?
Like how much they charge you to participate on this forum?
They are a public company, do you know what a public company is suppose to do?
Just curious. Your points get lost in your overzealous sensationalism.
The US Mint DOES NOT DISTINGUISH which coins were struck in what order. 4/29/09 is simply the date that the coins were packaged into the box. It has absolutely zero to do with when the coins were struck, etc. etc.
In fact, the coins were probably sitting in the warehouse for weeks before being packaged into rolls and boxes. May 14th is not misleading at all, that's when the coins were first released. The actual "first strikes" probably took place some time in March or before.
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<< <i>
<< <i>
<< <i>Shoebox,
welcome to the forum. Did you just come here to bash PCGS? --Jerry >>
Since when is telling the truth bashing? >>
Because he's not telling the "truth". He's leveling a biased opinion which in itself bashes those that LIKE to collect First Strike™ slabs. He's assuming that the folks that collect them have no clue as to what they are doing and in implying that, calling them stupid for enjoying their collecting interest! >>
Where did he call anyone stupid?
First Strike is a gimmick. First Day of Issue is a gimmick.
If you'd like to pay extra for these gimmicks, go right ahread. It's your money.
But is an MS70 coin vs. an MS70 FDI coin any less because it was not issued on the first day? Of course not!
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I was a Monkey
<< <i>The first dates I saw on these was on 04/28/09. So that being said the 04/29/09 box which is in discussion would not in any way be romotely considered First Strikes. IMHO >>
Based on the fact that it was at least 1 day into production when it was packaged. But, more to the point, it could not even remotely be considered First Strikes since the packaging date has nothing to do with when the coins were struck.
To support LordM's European Trip, click here!
<< <i>
<< <i>The first dates I saw on these was on 04/28/09. So that being said the 04/29/09 box which is in discussion would not in any way be romotely considered First Strikes. IMHO >>
Based on the fact that it was at least 1 day into production when it was packaged. But, more to the point, it could not even remotely be considered First Strikes since the packaging date has nothing to do with when the coins were struck. >>
Tru
I was a Monkey
Actually it helps to create an additional form of
rarity. If a lot of people did not like the idea
then TPGs would not do it. If you do not like it,
that's alright too. You will not buy it and I will
not worry about it.
Camelot
<< <i>Where did he call anyone stupid? >>
Its an implication in the same vein that First Strike™ is a gimmick or that First Day of Issue is a gimmick.
<< <i>But is an MS70 coin vs. an MS70 FDI coin any less because it was not issued on the first day? Of course not! >>
It most certainly is!
Is an MS69 any less than an MS70?
Is an MS68 any less than an MS69?
The coins are all the same coins but its the "assigned grade" which makes them different.
The MS70 FDI or First Strike™ coin will be no different, numismatically, than their counterparts, but they are still "different" just because of the label. The restrictions placed on getting the "label" creates a limited number which in turn creates a limited market and higher prices for those that "want" to collect them.
I suppose if you want to refer to First Strike™ or First Day of Issue as gimmicks then you need to include pedigreed collections there as well since the coins within those collections are no different (other than grade) than any other coin within its series but the pedigree makes them "different".
The name is LEE!
I'm used to seeing bashing from the rest of you but you usually have something else to say in other threads. --Jerry
<< <i>
<< <i>I was just searching ebay and saw some people that just gotten theirs LP2 lincolns formative Rail Splitters and the box states a Date of 4/29/09.. The first penny rolls were given out until May 14 right? Wow something is not right misleading the general public like this or is it.. Maybe they wanted to be prepared.. So I guess the 4/29 date is considered the real first strikes for NGC to grade..
>>
The U.S. Mint put this myth of "first strikes" to rest several years ago when it was brought to their attention that collectors and dealers alike wrongly assumed the dates on the boxes somehow reflected the dates when the coins were struck. These two activities (striking the coins and then rolling and boxing them) are completely, I repeat COMPLETELY unrelated.
A few basic facts are in order:
1) New pennies, like all U.S. coins, are struck into huge bins that sit just below the presses. Coins by the tens of thousands roll down chutes for hours and days on end into these bins. These new coins are then bagged and stored. Later on (and this could be weeks later), the coins are shipped to a third party contracted by the Mint who then rolls and boxes them because the Mint does not have the facilities to perform these activities. This procedure has been explained many times in articles published by the various coin magazines.
2) Now, you tell me. Given the timeline of how coins are minted, how in the world could anyone draw a relationship between when a penny is struck and the date/time stamped on a box for a 2-roll set? Anyone who buys into such nonsense is a "fool and his money soon parts."
To summarize, the date of the box provides absolutely no relevant information as to when the coins inside the box were struck.
Just ask NGC... they had to settle a lawsuit not long ago for designating some coins as "first strikes."
This whole "first strike" fiasco and "First Day Issue" nonsense reflects nothing more than the unlimited greediness of third party grading services like NGC and PCGS. >>
First Boxed, not First Strike. I don't see First Boxed as a very marketable term though.
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<< <i>I was just searching ebay and saw some people that just gotten theirs LP2 lincolns formative Rail Splitters and the box states a Date of 4/29/09.. The first penny rolls were given out until May 14 right? >>
In addition to what everyone has already pointed out, the rolls that were sold at the ceremony and other sites on May 14th were bank wrapped rolls whereas these are the Mint wrapped rolls. Two different markets.