@jmlanzaf said:
At some point, the market is going to scoff at First Strike labels.
When they mint 200,000 of the things and stockpile them and then ship them all in a week, First Strike means nothing. You could very well receive the first package the mint ships and have it be the LAST strike since they put the later coins on top of the original coins in the warehouse.
Most people don't give a hoot about the f.s. designation, but they do like the label (American Flag) that's associated with with it. F.S. may be meaningless, except when it's time to sell and has been so for "ages." I've heard the same argument about the "misleading" f/s label for years, but it still generates a premium over non f/s designations.
I can sell you some flag stickers for $1 each, shipping included. You can slap the label on your cheaper slab and save a fortune.
Now that doesn't make a bid of sense. The flag label is on the inside of the slab. Of course you knew that, claiming to be a dealer.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@OPA said:
Most people don't give a hoot about the f.s. designation, but they do like the label (American Flag) that's associated with with it.
I'm one of those that likes the American Flag label. At the 70 grade it usually costs extra in the secondary market, at 69 and below it usually does not. So I generally collect flags and avoid 70's.
@OPA said:
Most people don't give a hoot about the f.s. designation, but they do like the label (American Flag) that's associated with with it.
I'm one of those that likes the American Flag label. At the 70 grade it usually costs extra in the secondary market, at 69 and below it usually does not. So I generally collect flags and avoid 70's.
I'll let the completed PCGS 70 F/S flag label auction prices compared to non flag labels speak for themselves.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@OPA said:
Most people don't give a hoot about the f.s. designation, but they do like the label (American Flag) that's associated with with it.
I'm one of those that likes the American Flag label. At the 70 grade it usually costs extra in the secondary market, at 69 and below it usually does not. So I generally collect flags and avoid 70's.
I'll let the completed PCGS 70 F/S flag label auction prices compared to non flag labels speak for themselves.
My point is that by not chasing after 70's, I'm able to obtain the flag labels without paying extra for them.
@OPA said:
Most people don't give a hoot about the f.s. designation, but they do like the label (American Flag) that's associated with with it.
I'm one of those that likes the American Flag label. At the 70 grade it usually costs extra in the secondary market, at 69 and below it usually does not. So I generally collect flags and avoid 70's.
I'll let the completed PCGS 70 F/S flag label auction prices compared to non flag labels speak for themselves.
My point is that by not chasing after 70's, I'm able to obtain the flag labels without paying extra for them.
That's fine if you plan on not selling them your life time. Most MS69 modern coins do not sell for much over issue price and for the most part, price wise, are in the same category as raw coins.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@OPA said:
Most people don't give a hoot about the f.s. designation, but they do like the label (American Flag) that's associated with with it.
I'm one of those that likes the American Flag label. At the 70 grade it usually costs extra in the secondary market, at 69 and below it usually does not. So I generally collect flags and avoid 70's.
I'll let the completed PCGS 70 F/S flag label auction prices compared to non flag labels speak for themselves.
My point is that by not chasing after 70's, I'm able to obtain the flag labels without paying extra for them.
That's fine if you plan on not selling them your life time. Most MS69 modern coins do not sell for much over issue price and for the most part, price wise, are in the same category as raw coins.
and most people can't tell the difference between a 69 and a 70.
That's why we have graded coins.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@OPA said:
That's fine if you plan on not selling them your life time. Most MS69 modern coins do not sell for much over issue price and for the most part, price wise, are in the same category as raw coins.
I agree, but if I do decide to sell some of them I don't expect my sell price to be much lower than my buy price. Like raw coins, the value of a 69 lies mostly in the coin itself, not the label. So I can enjoy both the coin and the (flag) label for around the price of the coin by itself.
And there's no guarantee that 70's are all going to appreciate either. Quite a few of them have come down in price over the years.
@BackroadJunkie said:
Over a hundred sets went on sale this week, and the number is still negative. Of course. It all makes sense now. (No it doesn't.)
Returns outnumbered sales....this thing just needs to sell out already.
Heavens forbid, but is it possible, that the Mint has been telling the truth and does not resell most returns? After all, they've been publicly saying that for years.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Sales on ebay appear to be drifting downward a bit to the $32-$35 range with free shipping.
I thought there might be a slight bump in prices after the sets went unavailable, but that has not been the case. I suspect that is due to the length of time they were on sale and the glut of sets for sale on ebay.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
@grote15 said:
Sales on ebay appear to be drifting downward a bit to the $32-$35 range with free shipping.
I thought there might be a slight bump in prices after the sets went unavailable, but that has not been the case. I suspect that is due to the length of time they were on sale and the glut of sets for sale on ebay.
They will continue to “drift” south. Next stop, $20 by mid 2018.
@jmlanzaf said I could sell you cheap flag labels for $1.00 each. I will take you up on that offer and buy many of them. Anyone else need cheap flag labels at 1.00 each? How many do you have at that price?
@grote15 said:
Sales on ebay appear to be drifting downward a bit to the $32-$35 range with free shipping.
I thought there might be a slight bump in prices after the sets went unavailable, but that has not been the case. I suspect that is due to the length of time they were on sale and the glut of sets for sale on ebay.
They will continue to “drift” south. Next stop, $20 by mid 2018.
$40 by mid 2018 as they continue to drift up.
These sets have not even started to drift anywhere. They were selling on eBay for $32 to $35 all along and they were selling on the Mint site for $30. The price really hasn't moved at all.
Of course! What took you so long to respond!! You are slacking!!
I think the reason people buy flag labels is to coordinate the sets over the years. A complete set in one type label looks better and sells for more then a mixed bag. To each his own. I agree about buying the coin for the coin, but on the newer releases the grades will be 69 or 70 so you don't go wrong and so if you want matching labels to earlier sets, I would pay more for the look. To each his own.
I still have my 4 raw sets, put away, but did want the Lincoln, the Roosevelt, and the kennedy in PCGS SP70.
I was tempted to buy raw, but held off.
I just tossed in a "dummy" bid on a 10pc set in PCGS SP70 First Strike (w/ Flag label, obviously) just yesterday, and won it today, for $133.50.
I was going to wait to see if they hit ~$100 (ie... $10/coin) but with the 8% ebay bucks, I got $10.69 back in those, so, I kinda just paid under $123 for the 10pc set. I can be ok with $12.30/coin I guess...
Now to see if they continue to drop, since I just bought mine...which is usually what happens to me...
PS...there is NO WAY that I, as a small/collector submitter, could have gotten a set in PCGS SP70 FS for even close to that price of $133. NOT EVEN CLOSE. So, as Howie used to say on "Deal or No Deal"....."I made a good deal"
@Kkathyl said: @jmlanzaf said I could sell you cheap flag labels for $1.00 each. I will take you up on that offer and buy many of them. Anyone else need cheap flag labels at 1.00 each? How many do you have at that price?
Millions. Billions if you want them. You do know I'm talking literally about little sticky labels with flags on them.
I buy Flag Labels because I am an AMERICAN and support our Flag & Country.
@grote15 said:
Sales on ebay appear to be drifting downward a bit to the $32-$35 range with free shipping.
I thought there might be a slight bump in prices after the sets went unavailable, but that has not been the case. I suspect that is due to the length of time they were on sale and the glut of sets for sale on ebay.
Sell out is meaningless ... nothing new added to news . m> @Bochiman said:
Ok....I have a confession to make....
I still have my 4 raw sets, put away, but did want the Lincoln, the Roosevelt, and the kennedy in PCGS SP70.
I was tempted to buy raw, but held off.
I just tossed in a "dummy" bid on a 10pc set in PCGS SP70 First Strike (w/ Flag label, obviously) just yesterday, and won it today, for $133.50.
I was going to wait to see if they hit ~$100 (ie... $10/coin) but with the 8% ebay bucks, I got $10.69 back in those, so, I kinda just paid under $123 for the 10pc set. I can be ok with $12.30/coin I guess...
Now to see if they continue to drop, since I just bought mine...which is usually what happens to me...
PS...there is NO WAY that I, as a small/collector submitter, could have gotten a set in PCGS SP70 FS for even close to that price of $133. NOT EVEN CLOSE. So, as Howie used to say on "Deal or No Deal"....."I made a good deal"
@grote15 said:
Sales on ebay appear to be drifting downward a bit to the $32-$35 range with free shipping.
I thought there might be a slight bump in prices after the sets went unavailable, but that has not been the case. I suspect that is due to the length of time they were on sale and the glut of sets for sale on ebay.
Sell out is meaningless ... nothing new added to news . m> @Bochiman said:
Ok....I have a confession to make....
I still have my 4 raw sets, put away, but did want the Lincoln, the Roosevelt, and the kennedy in PCGS SP70.
I was tempted to buy raw, but held off.
I just tossed in a "dummy" bid on a 10pc set in PCGS SP70 First Strike (w/ Flag label, obviously) just yesterday, and won it today, for $133.50.
I was going to wait to see if they hit ~$100 (ie... $10/coin) but with the 8% ebay bucks, I got $10.69 back in those, so, I kinda just paid under $123 for the 10pc set. I can be ok with $12.30/coin I guess...
Now to see if they continue to drop, since I just bought mine...which is usually what happens to me...
PS...there is NO WAY that I, as a small/collector submitter, could have gotten a set in PCGS SP70 FS for even close to that price of $133. NOT EVEN CLOSE. So, as Howie used to say on "Deal or No Deal"....."I made a good deal"
Dummy bid ..LOL nice grab
I don't disagree as the sets were on sale for such an extended period of time as to make even a sellout rather meaningless.
If mintage is finalized at 210,000, will be interesting to see if prices slide further or bump up in the future.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
@grote15 said:
Sales on ebay appear to be drifting downward a bit to the $32-$35 range with free shipping.
I thought there might be a slight bump in prices after the sets went unavailable, but that has not been the case. I suspect that is due to the length of time they were on sale and the glut of sets for sale on ebay.
Sell out is meaningless ... nothing new added to news . m> @Bochiman said:
Ok....I have a confession to make....
I still have my 4 raw sets, put away, but did want the Lincoln, the Roosevelt, and the kennedy in PCGS SP70.
I was tempted to buy raw, but held off.
I just tossed in a "dummy" bid on a 10pc set in PCGS SP70 First Strike (w/ Flag label, obviously) just yesterday, and won it today, for $133.50.
I was going to wait to see if they hit ~$100 (ie... $10/coin) but with the 8% ebay bucks, I got $10.69 back in those, so, I kinda just paid under $123 for the 10pc set. I can be ok with $12.30/coin I guess...
Now to see if they continue to drop, since I just bought mine...which is usually what happens to me...
PS...there is NO WAY that I, as a small/collector submitter, could have gotten a set in PCGS SP70 FS for even close to that price of $133. NOT EVEN CLOSE. So, as Howie used to say on "Deal or No Deal"....."I made a good deal"
Dummy bid ..LOL nice grab
I don't disagree as the sets were on sale for such an extended period of time as to make even a sellout rather meaningless.
If mintage is finalized at 210,000, will be interesting to see if prices slide further or bump up in the future.
After 15 weeks in circulation, sets not making money .. just small change .... sellout indeed meaningless
Comments
Now that doesn't make a bid of sense. The flag label is on the inside of the slab. Of course you knew that, claiming to be a dealer.
I'm one of those that likes the American Flag label. At the 70 grade it usually costs extra in the secondary market, at 69 and below it usually does not. So I generally collect flags and avoid 70's.
I'll let the completed PCGS 70 F/S flag label auction prices compared to non flag labels speak for themselves.
the pcgs labels look naked without the flag
My point is that by not chasing after 70's, I'm able to obtain the flag labels without paying extra for them.
That's fine if you plan on not selling them your life time. Most MS69 modern coins do not sell for much over issue price and for the most part, price wise, are in the same category as raw coins.
That's why we have graded coins.
I agree, but if I do decide to sell some of them I don't expect my sell price to be much lower than my buy price. Like raw coins, the value of a 69 lies mostly in the coin itself, not the label. So I can enjoy both the coin and the (flag) label for around the price of the coin by itself.
And there's no guarantee that 70's are all going to appreciate either. Quite a few of them have come down in price over the years.
Sales for the week?
I'm guessing negative.
Over a hundred sets went on sale this week, and the number is still negative. Of course. It all makes sense now. (No it doesn't.)
(edit bcus I kant spel.)
in the context of a LEPS selling out with 920 under max, it all makes complete sense!
Returns outnumbered sales....this thing just needs to sell out already.
Don't quote me on that.
Heavens forbid, but is it possible, that the Mint has been telling the truth and does not resell most returns? After all, they've been publicly saying that for years.
Sales on ebay appear to be drifting downward a bit to the $32-$35 range with free shipping.
I thought there might be a slight bump in prices after the sets went unavailable, but that has not been the case. I suspect that is due to the length of time they were on sale and the glut of sets for sale on ebay.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
They will continue to “drift” south. Next stop, $20 by mid 2018.
@jmlanzaf said I could sell you cheap flag labels for $1.00 each. I will take you up on that offer and buy many of them. Anyone else need cheap flag labels at 1.00 each? How many do you have at that price?
Best place to buy !
Bronze Associate member
So not real flag label for graded slabs like we get from grading. I thought you meant those because they do cost more then a dollar. Shucks.
Best place to buy !
Bronze Associate member
I need it . Didn't make it to the limited edition proof set. They were sold out. So I'm getting this one..
Of course! What took you so long to respond!! You are slacking!!
I think the reason people buy flag labels is to coordinate the sets over the years. A complete set in one type label looks better and sells for more then a mixed bag. To each his own. I agree about buying the coin for the coin, but on the newer releases the grades will be 69 or 70 so you don't go wrong and so if you want matching labels to earlier sets, I would pay more for the look. To each his own.
Best place to buy !
Bronze Associate member
>
If that happens I will begin to ingest more of them.
I'm not holding my breath waiting for a $20 bottom. Not gonna happen with a mintage of around 210k.
Ok....I have a confession to make....
I still have my 4 raw sets, put away, but did want the Lincoln, the Roosevelt, and the kennedy in PCGS SP70.
I was tempted to buy raw, but held off.
I just tossed in a "dummy" bid on a 10pc set in PCGS SP70 First Strike (w/ Flag label, obviously) just yesterday, and won it today, for $133.50.
I was going to wait to see if they hit ~$100 (ie... $10/coin) but with the 8% ebay bucks, I got $10.69 back in those, so, I kinda just paid under $123 for the 10pc set. I can be ok with $12.30/coin I guess...
Now to see if they continue to drop, since I just bought mine...which is usually what happens to me...
PS...there is NO WAY that I, as a small/collector submitter, could have gotten a set in PCGS SP70 FS for even close to that price of $133. NOT EVEN CLOSE. So, as Howie used to say on "Deal or No Deal"....."I made a good deal"
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
I buy Flag Labels because I am an AMERICAN and support our Flag & Country.
Besides I think they look cool
Yup...good price
Sell out is meaningless ... nothing new added to news . m> @Bochiman said:
Dummy bid ..LOL nice grab
8 % ebay bonus bucks offers expires tonight
I don't disagree as the sets were on sale for such an extended period of time as to make even a sellout rather meaningless.
If mintage is finalized at 210,000, will be interesting to see if prices slide further or bump up in the future.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
After 15 weeks in circulation, sets not making money .. just small change .... sellout indeed meaningless