All ASE 25th anniv sets are First Strikes, right?

LowBudget · October 27, 2011 1:01PM

If they sold in one day, in theory, all are eligible, sealed box or not right? Edited to add this from PCGS site: There are two ways PCGS can verify if a coin was shipped out from the mint within the first 30 days. The first is when a coin is shipped to PCGS from the customer with a postmarked date before the cutoff date for that particular coin. In this example, PCGS only needs the coin to be mailed in. No extra mint packaging is needed (i.e. boxes, certificates, etc.). So you could mail it in once it is opened, as long as within that date it seems

notwilight · October 27, 2011 1:37PM

Makes sense. Will probably see that announcement.

blu62vette · October 27, 2011 1:38PM

Orders dont equate to shipping dates.

Coupdescrounge · October 27, 2011 2:13PM

Makes sense. Will probably see that announcement.

ianrussell · October 27, 2011 2:37PM

Only two of the coins are first strikes - the S-mint and the Reverse Proof. The others are identical to earlier issues, so do not qualify for first strikes.

I think PCGS will designate FS on the two coins only (although all five will say "25th Anniversary" if they are submitted in sealed boxes).

- Ian

ianrussell · October 27, 2011 2:38PM

<< If they sold in one day, in theory, all are eligible, sealed box or not right? >>

Also, First Strike goes by shipping date, not order date. I suspect (like many others) that the Mint may have a fulfillment issue with these 100,000 sets... clearly they are not going to ship on the same day or perhaps even the same week.

- Ian

LowBudget · October 27, 2011 4:08PM

<< Orders dont equate to shipping dates. >>

and shipping date has nothing to do with when they were struck...ah what do I know.

pf70collector · October 27, 2011 6:02PM

Dealers may pressure PCGS for all first strikes.

lightcycler · October 27, 2011 7:02PM

<< Dealers may pressure PCGS for all first strikes. >>

I sure hope not then I have to pay for it. 2 out of 5 is pricey enough on 5 sets.

morgansforever · October 27, 2011 8:40PM

So as of now, PCGS hasn't posted the offical rules regarding FS?

OPA · October 27, 2011 8:47PM

It would not be out of line if PCGS allows a FS label for all 5 coins, if they receive an unopened set. After all, PCGS definition of FS is: Not when it was struck, but "within of 30 days of issue." Just my 2 cents worth of interpretations.

morgansforever · October 27, 2011 8:54PM

@OPA: right on, that's how I interpret it too.

TwoSides2aCoin · October 27, 2011 9:04PM

No, just the first ones.

ricko · October 27, 2011 9:09PM

Actually it should be called "Early order/shipment"...EOS..... since it obviously has nothing to do with the first coin struck. Ah well, this has been rehashed to death in the past... it is what it is... Cheers, RickO

MacCrimmon · October 27, 2011 11:24PM

If you were able to get through to the USM, PCGS should design a label designated as . . . . . . . .

LUCKY STRIKE™

shorecoll · October 28, 2011 12:08AM

The Mint could be pulling the non-unique ones out of old monster boxes, so there's no way they should be designated first strike...likely even the Mint wouldn't know if they were.

OPA · October 28, 2011 1:27AM

<< The Mint could be pulling the non-unique ones out of old monster boxes, so there's no way they should be designated first strike...likely even the Mint wouldn't know if they were. >>

You need to read PCGS's definition of what defines "First Strike"...it has nothing to do as to when they were produced.

"Coins delivered by the U.S. Mint in the 30 day period following the initial sales date of a new product"

Although 3 of the coins in the set are not new, but the set is & all coins should be eligible for the FS label, just like the 20th Anniv set, where 2 of the 3 coins were issued earlier.

LowBudget · October 28, 2011 1:38AM

so if you get them to PCGS by Nov 26th they are eligible for FS, opened or not? Correct?

Bochiman · October 28, 2011 1:47AM

<< so if you get them to PCGS by Nov 26th they are eligible for FS, opened or not? Correct? >>

Your first real flip?
It depends on what PCGS defines, and stays with, by the time these get in-hand.
The current for FS is by postmarked shipping on a sealed box, or by the first 30 days after something ships. If the box is opened, and the product has already been on the market for more than 30 days, then no FS. If it is still sealed, then you can get FS (unless, in the future, they stop doing it/make changes, etc.....there is no explicit contract that they will always do FS).

Zubie · October 28, 2011 1:53AM

Im think FS will be valid from 11-10-11 to 12-09-11. I think, if all sets are mailed within those dates, all sealed sets should be FS eligible?

LowBudget · October 28, 2011 1:58AM

<< 

<< so if you get them to PCGS by Nov 26th they are eligible for FS, opened or not? Correct? >>

Your first real flip?
It depends on what PCGS defines, and stays with, by the time these get in-hand.
The current for FS is by postmarked shipping on a sealed box, or by the first 30 days after something ships. If the box is opened, and the product has already been on the market for more than 30 days, then no FS. If it is still sealed, then you can get FS (unless, in the future, they stop doing it/make changes, etc.....there is no explicit contract that they will always do FS). >>

I want one set for myself and will have to open the box for that. I see no reason why a box would have to be sealed if sets get to PCGS in time. I hope they see it this way too.

Bochiman · October 28, 2011 2:01AM

<< 

<< 

<< so if you get them to PCGS by Nov 26th they are eligible for FS, opened or not? Correct? >>

Your first real flip?
It depends on what PCGS defines, and stays with, by the time these get in-hand.
The current for FS is by postmarked shipping on a sealed box, or by the first 30 days after something ships. If the box is opened, and the product has already been on the market for more than 30 days, then no FS. If it is still sealed, then you can get FS (unless, in the future, they stop doing it/make changes, etc.....there is no explicit contract that they will always do FS). >>

I want one set for myself and will have to open the box for that. I see no reason why a box would have to be sealed if sets get to PCGS in time. I hope they see it this way too. >>

You are correct on that....with the IF THEY GET SENT TO PCGS IN TIME. I agree 100% with that (that is for the 2 unique coins, right?).
Reason it wouldn't be able to include the other 3, even if PCGS were allowing them FS, is that there would be no "proof" that they were part of the set and not a coin from earlier in the year when that one was released. See the difference?

Ex: The proof coin. If you open the 25th annv box that the mint sends, can you prove to PCGS, in a way they will accept, that it was not a proof from 3 months ago?
Now, if it is the reverse proof...well, there are none on the market yet, so yes, it can ONLY be from one that was set in the set AND if it is sent within the first 30 days, then there can be no doubt, right?

LowBudget · October 28, 2011 2:08AM

I updated first post, it seems clearer after reading that though they may have to rule whether all 5 coins will be given FS designation

jeremym · October 28, 2011 3:19AM

<< I updated first post, it seems clearer after reading that though they may have to rule whether all 5 coins will be given FS designation >>

I spoke to PCGS and at this time, only the two key coins will be FS.

LowBudget · October 28, 2011 3:54AM

<< 

<< I updated first post, it seems clearer after reading that though they may have to rule whether all 5 coins will be given FS designation >>

I spoke to PCGS and at this time, only the two key coins will be FS. >>

great so no sealed box?

ClairHardesty · October 28, 2011 10:22AM

There are two aspects to this set in terms of labels. For the three non-unique coins to receive 25th anniversary set labels they will have to arrive in sealed boxes because opened boxes might contain coins that did not ship with the set. This labeling is independent of when the coins are submitted. For the three non-unique coins to receive 25th anniversary set first strike labels, they will have to be submitted in sealed boxes again because they could be coins that were not delivered with the set and because the first strike period for non set coins has expired. For the two unique coins, they will all get 25 anniversary set labels but will only be eligible for first strike if they are submitted in sealed, dated boxes or submitted before the cutoff date (however, it is likely that all sets will ship before the cutoff making first strike lose meaning, even in the PCGS definition). Thus: if you want all five coins to get 25th anniversary set labels they must be submitted in a sealed box. If you want all five coins to get first strike labels you must submit a sealed, dated box or a sealed box before the cutoff date. Truly, first strike has no meaning for this set and should not be offered or even supplied gratis. All of the coins in the sets were minted specifically for use in the sets (even the bullion coins) and all were in capsules before sales began. All sales were concluded before any sets shipped. The time from first shipment to last is likely to be less than 30 days but even if it is not it would not be right to differentiate them based on the actions of PBGS (the private company that handles all mint order fulfillment). If sent opened, the three non-unique coins are not eligible for any special labeling but the two unique coins are always eligible for all special labeling (or at least should be). I still haven't seen anything on the PCGS website about how they are going to handle the set. NGC has information on their website but others report that they have been told conflicting information by NGC employees about how they will handle the sets/coins. ANACS has stated that the sets will not get any special handling and that they do not want the mint packaging, sealed or not (they will put 25th anniversary set labels on the 2 unique coins and no others). ICG does not appear to have any information about the set on their website either.

ibex66 · October 28, 2011 11:33AM

^ good stuff. Do you know if PCGS is offering a special five coin holder? Its probably been talked about but my guess is no. I know NGC is NOT.

19Lyds · October 28, 2011 11:43AM

Forst Strike™ designation requires an additional fee of $18 per coin. So if you're send in a 5 pack box be sure to include an additional $450 if you really want First Strike.

Caleb · October 28, 2011 12:36PM

<< Forst Strike™ designation requires an additional fee of $18 per coin. So if you're send in a 5 pack box be sure to include an additional $450 if you really want First Strike. >>

Why do people pay extra for a label to read "First Strike" when in reality it means nothing?

I guess it is true what they say about those litle moles jum[ing off of the cliffs after each other

DRUNNER · October 28, 2011 12:40PM

So these things are hot???

Never paid any attention to modern crap. . . . but maybe the joke is on me?

Are they in Doilies? Must be, since people want them . . . . . Just Mint manufactured bullion? What am I missing? Compare these to a Doily $20 Saint? ?????????

Drunner

fiveNdime · October 29, 2011 6:01AM

<< 
Why do people pay extra for a label to read "First Strike" when in reality it means nothing?

>>

since the mint sold out in 1 day, aren't they are all FS?

OPA · October 29, 2011 6:06AM

<< 

<< Forst Strike™ designation requires an additional fee of $18 per coin. So if you're send in a 5 pack box be sure to include an additional $450 if you really want First Strike. >>

Why do people pay extra for a label to read "First Strike" when in reality it means nothing?

I guess it is true what they say about those litle moles jum[ing off of the cliffs after each other

>>

It may mean nothing to you, but to some of us when it's time to sell, it means a lot more $$ in our pockets.

All ASE 25th anniv sets are First Strikes, right?

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