I got my 20th Ann. SAE set today but I'm afraid to open the package...OK I made up my mind.

notlogical · November 2, 2006 9:45AM

I don't know if I should or can still send it in to PCGS. I've read a lot about people getting the First Strike slabs but I can't figure out if I'm too late or not. BUT, I really want to open the box and look at my set.

What should I do?

BECOKA · November 2, 2006 9:49AM

What is the shipping date on the box? If it is after the 24th then you are out of luck for the First Strike.

If you want the 20th Anniversary label you can't open the box. If you don't care about the label then go ahead and look at your prize.

notlogical · November 2, 2006 9:52AM

Is that for the Reverse Proof too?

ddbird · November 2, 2006 9:52AM

I would look at your box....

You can always see if you can trade the one eligble for FS to someone for a small profit + an already opened set.

Do you want the coins, or do you want to sell them. I assume you want the coins, in which case you should open the box and enjoy em...

TMCS · November 2, 2006 9:53AM

That is not true.

1. As long as the box stays sealed and has a postmark by Nov 11, All three coins will get a first strike and 20th anniv. label if you pay for it.

2. If you open the box and look at your set then only the reverse proof can qualify for the first strike designation.

notlogical · November 2, 2006 9:54AM

The package says "Ship Date: 106300" whatever that means.

BECOKA · November 2, 2006 9:58AM

<< That is not true.

1. As long as the box stays sealed and has a postmark by Nov 11, All three coins will get a first strike and 20th anniv. label if you pay for it.

2. If you open the box and look at your set then only the reverse proof can qualify for the first strike designation. >>

Not true about the not true:

Direct from PCGS customer service:

"The shipment date on the shipping label must be October 24th or earlier to get all 3 coins 20th Anniversary First Strike, or November 11th or earlier to get the Proof and Reverse Proof 20th Anniversary First Strike."

If you want First Strike on all 3 the date shipped needs to be October 24th or earlier. It most definately qualifies for the Proof and Reverse Proof FS but we are not sure about the others. Unfortunately the date on the outside of your box does not make sense.

BECOKA · November 2, 2006 9:58AM

<< The package says "Ship Date: 106300" whatever that means. >>

Is there any stamps on the outside of the box that has a date on it?

notlogical · November 2, 2006 10:02AM

No, just a big shipping lable with that crazy ship date on it.

bgman · November 2, 2006 10:03AM

The post locked at the top of the page says that it must have been shipped prior to Nov 11 to receive First Strike for the Silver Eagles.

TMCS · November 2, 2006 10:03AM

BECOKA your right about the 2006 W unc coin. This will not be designated as first strike if the postmark is later than 10/24

Hyperion · November 2, 2006 10:05AM

ordinarily i frown on such things, but when the profit potential is so outrageously skewed in your favor, send 'em in and hope for 70s, especially when you're a YN and have books to buy for school.

Djord · November 2, 2006 10:21AM

<< 

<< That is not true.

1. As long as the box stays sealed and has a postmark by Nov 11, All three coins will get a first strike and 20th anniv. label if you pay for it.

2. If you open the box and look at your set then only the reverse proof can qualify for the first strike designation. >>

Not true about the not true:

Direct from PCGS customer service:

"The shipment date on the shipping label must be October 24th or earlier to get all 3 coins 20th Anniversary First Strike, or November 11th or earlier to get the Proof and Reverse Proof 20th Anniversary First Strike."

If you want First Strike on all 3 the date shipped needs to be October 24th or earlier. It most definately qualifies for the Proof and Reverse Proof FS but we are not sure about the others. Unfortunately the date on the outside of your box does not make sense. >>

The 10-24 date is for the gold sets, 11-11 is the cutoff date for the ASE sets.

The box must be sealed as you received it and the date must be 11-11 or earlier to qualify for first strike. After 11-11 they will still qualify for 20th anniversary designation but the box must be sealed.
It is $10.00 per coin extra for first strike designation, and if the boxes are returned $2.00 per set.

BECOKA · November 2, 2006 10:28AM

OK this is getting old quick. One person agrees with me and that person seems to be right.

Here is the full text for the first strike qualifications on Silver. 24th is the cut off date for all three to qualify end of story. As we mentioned before the Proof coins will still qualify until the 11th the UNC coin DOES NOT.

"First Strike designation for 3pc Silver 20th Anniversary sets:
• To get the 20th Anniversary First Strike designation, the sets must come to PCGS in the original government boxes they were shipped in.
• The box must be unopened.
• The shipment date on the shipping label must be October 24th or earlier to get all 3 coins 20th Anniversary First Strike, or November 11th or earlier to get the Proof and Reverse Proof 20th Anniversary First Strike.
• Any opened boxes or sets shipped loose out of the government boxes DO NOT qualify for First Strike Except for the Reverse Proof Silver Eagle which qualifies until November 11th, 2006.

Any how, looks like the overall response is to not open the box. Submit it with the form and under the Variety put First Strike and maybe they will do all three. Depends on how strict they are as you could be a couple days late for the UNC.

pf70collector · November 2, 2006 10:33AM

PCGS is basing the first strike designation based on the two coin gold and silver anniversary set that was released on Sept. 24. The cutoff date for this FS MS ASE is Oct. 24(exactly 30 days) not Nov. 11.

ellewood · November 2, 2006 10:33AM

notlogical,

My personal opinion is that, further down the road, the First Strike designation is not going to bring anymore $$$$ than the same coin in a regular PCGS holder. If you bought this coin with the intention of slabbing it and flipping it...then you outta get the FS designation because people are paying crazy money for it RIGHT NOW. Keep in mind, the general "coin public" out there is not far behind all of us board members in finding out what the First Strike designation really means (or in this case DOESN'T mean

).

What if you DIDN'T open your coins and your reverse proof has a noticeable mark on it...or haze on it...and it is returned to you in a PR68DCAM holder. Then where does that put you? You wasted the grading fees.

If you open the package up (like I will in December or whenever the heck mine arrive) then you will be able to see what coins you are about to submit. It absolutely boggles my mind that people are sending these coins in without even looking at them. These things are going to be selling for a lot of money down the road (at least the RevProofs) and, IMHO, no one will give a darn whether they are in a regular PCGS holder or a "First Strike" holder...

Good luck with whatever you decide to do!

My two cents.

P.S. What does your father think?

notlogical · November 2, 2006 10:34AM

If there isn't a shipping date that anyone can figure out, like my package, how does anyone know when it was shipped and if it is too late or not.

FatMan · November 2, 2006 10:37AM

This plastic craze is a real shame. Don't be afraid Samuel, open your box and enjoy your coins. That is what real collectors do. The coins themselves will be the basis of value in the future, not the plastic with a silly marketing phrase that hold no numismatic value.

BECOKA · November 2, 2006 10:39AM

<< If there isn't a shipping date that anyone can figure out, like my package, how does anyone know when it was shipped and if it is too late or not.

>>

There is a packing slip inside the box that will have a date on it. Unfortunately only they will know.

As far as the previous post goes he is right about the first strike, down the road more people may catch on and the prices will come in line with the non first strike.

On the other hand there is still a reason to not open it. You can get the 20th Anniversary label for no extra charge but the box must not be opened otherwise only the reverse proof qualifies.

holeinone1972 · November 2, 2006 10:45AM

Bad news, if you just got it, it is too late for first strike. BUT you can still get 20th anniversary on the unc.

The rev proof and the proof CAN get the first strike still.

So do what you want. Open it play with it, and if the rev proof is that nice, you can still send it in and get the grade and fs designation on it.

The rev proof is the clear cut winner in the set, so you do not have much to lose if you do open it.

Remember the best you can get on the unc. is a ms-69 so will it really matter?

I have a nother 5 sets coming and I can't wait to open them, and enjoy them.

Rob

TommyB · November 2, 2006 10:45AM

Obviously, everything about getting these things graded by PCGS is very clear cut and easy to understand.

CoinHusker · November 2, 2006 10:52AM

<< 
P.S. What does your father think?

>>

Samuel just logged off so I'll put in my 2 cents worth since I was asked.

I think he should enjoy his coins and let the speculators worry about shipping dates and have told him as much BUT....

I think Fats hit the nail on the head as far as what I think he should do.

He was so excited about ordering these with some money he's saved up, and has been waiting with baited breath to get them and now all this plastic speculating has taken all the fun out of it. Kind of bugs me to be honest.

Hyperion · November 2, 2006 11:06AM

presents a good life lesson all the more. think about it; dont rush into it, make a reasoned decision and go with it ! never look back !

Im curious what'll be done

RedTiger · November 2, 2006 11:33AM

Geez, after all those posts from PCGS, confusion still reigns. Best to call them during business hours, get a name and a phone extension and write that info on the submission somewhere and what they told you. It is before 11/11 so at least two coins are eligible for First Strike. Send them priority mail insured and the coins will make it there in plenty of time. Waiting until after 11/11 and it gets murkier because of the weird dating on the package.

As to whether it is worth it or not, that is a tougher call. Some coins are coming in at 68, at that grade they will not pay for the grading fees. The odds of a 70 are slim, but the payoff can be large. Depends on how lucky a person feels.

morgansforever · November 2, 2006 11:37AM

Don't do anything, sit on that unopened box of ASE's and wait a year or so. You may be the only one with an unopened box of ASE sets.

morgans

Oak · November 2, 2006 1:09PM

posting just for quick reference when/if my ASE come in a timely manner.

krazyace5 · November 2, 2006 2:28PM

Whats the deal with the reverse proof? Is this going to bring a premium right out of the gate?

notwilight · November 2, 2006 2:45PM

Remember, The needs of the many...outweigh the needs of the few...or the one.

itsnotjustme · November 2, 2006 2:47PM

It would be best if PCGS would put full and complete information on the Submission Center Web Page. A submitter should not be required to read endless message board threads!

notwilight · November 2, 2006 2:56PM

As I understand it, PCGS's business model revolved around accepting submissions only from dealers. They eventually somewhat reluctantly developed the collector's club and allowed collectors to submit directly. They charge collectors a lot more than dealers because they demand a lot more customer service. Dealers sent in coins, get back slabs, end of story. Collectors demand to know where their coins are, who is grading them, what they had for lunch, and what the turnaound time is for 13 different submission methods...so they're ok if collectors who don't want to figure it out for themselves don't submit. That's just my read. --jerry

RedTiger · November 2, 2006 2:58PM

<< Don't do anything, sit on that unopened box of ASE's and wait a year or so. You may be the only one with an unopened box of ASE sets.

morgans >>

Given the weird postmark, keeping the sealed box may be the worst of all worlds. Early shipped sets are selling at a premium. Without a postmark that shows this, this set will be no better than all the tens of thousands of sets that will ship in December. With the weird postmark, this sealed set will most likely be worth less after 11/11. Besides after the gold set hoopla about sealed boxes, I'd bet that lots of folks will keep sealed sets. Some people will order extra single sets just to do this.

pf70collector · November 2, 2006 6:17PM

Try to keep the integretity of the set together by either slabbing or keeping it unopened. The 20th Anniversary labeling on all three coins together will bring a premium. An unopened box will also bring a premium. Once the box is opened you will loose the 20th Anniversary set designation except for the reverse proof. If you just want to keep it for yourself and have no plans of selling down the road than open it.

classiccoin · November 2, 2006 6:40PM

<< This plastic craze is a real shame. Don't be afraid Samuel, open your box and enjoy your coins. That is what real collectors do. The coins themselves will be the basis of value in the future, not the plastic with a silly marketing phrase that hold no numismatic value. >>

very well said.. and all this plastic designation bs on brand new coins is a real shame indeed.. the coins are what they are

19Lyds · November 2, 2006 10:31PM

Lets see, you received the box on 11/2 which is well before the 11/11 cut-off so regardless of the weird shipping date on the box it is obvious it was shipped before 11/11. Additionally, there is a packing slip inside the box that will show a shipping date.

I don't see a problem with sending the thing in and asking for the First Strike designation.

Personally, I would not hesitate for 1 second because its all just a big gamble which could pay off for you.

It also appears that you only ordered 1 set so you do not appear to be a speculator with regard to making a killing on these so if you do not want to take that gamble then open it up, if you want to take the chance then send it in.

pf70collector · November 2, 2006 11:05PM

A slabbed version of a regualr proof or MS version with the 20th Anniversary Labeling FS or not, will sell for more than the raw version. It is a crap shoot if you want to send it in and maybe get 70's. I gambled on my unopened 3 piece AGE set and got a FS 20th Anniversary Regular AGE gold PF 70 DCAM. A key to having a complete PCGS AGE 70 set. Its stands now that there will be only 60 complete sets of these with the FS designation (though meaningless the market doesn't seem to care or know the true meaning of the FS designation). This populaton could change if there are unopened boxes that may still fall in the category of FS designation. In this market the plastic does make a big difference. If you are just a collector than open it, but if you think you may want to sell it later on than slab it, you will get a better return than just a raw version of a set.

notlogical · November 2, 2006 11:15PM

I still don't know what to do.

RYK · November 2, 2006 11:18PM

Sam,

I share your concern.

ziggy29 · November 2, 2006 11:18PM

I'm guessing the "06300" part of the shipping date means the 300th day of 2006. Which would be October 27, I believe, if I'm right.

Leiana · November 2, 2006 11:22PM

<< I still don't know what to do.

>>

They are your coins, Sam. You bought them to enjoy them, yes? So who cares what a TPG says, or what silly designations they might or might not recieve!

I think you should open them, enjoy them, display them- anything! They look really nice in the box the Mint sends them in from pictures I have seen. From your dad's post above, I guess that you bought them because you liked them. Don't let anyone tell you what you should do with them (myself included), just do what you want to do with them.

-Amanda

notlogical · November 3, 2006 7:19AM

I decided to open the box and look at them and enjoy them. I have a birthday next week and I was getting all worried about something that should be fun. Collecting coins! So I thought what would be fun to do. So that's what I'm doing.

So I'm going to open the box as a early birthday present to myself!

If one looks extra nice I can always send it in to be graded later. But I'm going to enjoy them NOW!

Leiana · November 3, 2006 7:20AM

<< I decided to open the box and look at them and enjoy them. I have a birthday next week and I was getting all worried about something that should be fun. Collecting coins! So I thought what would be fun to do. So that's what I'm doing.

So I'm going to open the box as a early birthday present to myself!

If one looks extra nice I can always send it in to be graded later. But I'm going to enjoy them NOW!

>>

-Amanda

notlogical · November 3, 2006 7:29AM

Thanks Amanda! I think it's going to be a fun weekend!

tggr · November 3, 2006 8:02AM

Mine also came in today

I opened them up within 5 min
All beautiful coins no marks or milk spots.

FatMan · November 3, 2006 8:12AM

Good for you Samuel. Enjoy your beautiful coins.

Edited to add: Happy Early Birthday!

I got my 20th Ann. SAE set today but I'm afraid to open the package...OK I made up my mind.

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