Would "early strike" have been a better term than "first strike"?

Michigan · November 20, 2006 9:17AM

"Early is open to more interpretation and allows more latitude, better than "first" which if you get down to it would mean the very first coin struck. Right?

Goldbully · November 20, 2006 9:23AM

No one cares about an 'early' strike IMHO.

First strike has much more impact with potential customers, probably not so much if at all with veteran and professional collectors.

After reading the article about NGC's liberal First Strike policy in Coin World, it seems to have diminished the whole designation.

Barndog · November 20, 2006 9:25AM

no matter what it is called, it is wrong unless it says "early ship"

shirohniichan · November 20, 2006 9:30AM

<< no matter what it is called, it is wrong unless it says "early ship" >>

"Early shipped and assumed to be early strike" coins doesn't have quite the same ring to it, does it?

classiccoin · November 20, 2006 9:35AM

<< "Early is open to more interpretation and allows more latitude, better than "first" which if you get down to it would mean the very first coin struck. Right? >>

no matter what spin you put on it.. it is just a way for the grading service to take more money out of the submittors pockets and nothing more.. the graders at pcgs could not differentiate which coins were in fact first strikes by the postmark because the us mint has already said for the record that shipping dates and the very first struck coins are not necessarily the same and its all just random

JimDepot · November 20, 2006 9:36AM

Or, First Release.

Gemineye · November 20, 2006 9:38AM

Early Strike is like another can'o early worms.........

stev32k · November 20, 2006 10:22AM

I think the phase "early strike" would have the same problems as "first strike". That is TPGs have absolutely no way of telling if a coin was struck first, last, early, or late. The mint put out a highly unusual statement to refute the first strike claims. NGC as already been sued over first strike designations and I expect PCGS will be next. I also expect legal fees - win or lose - to eat up more than any profit they make from the FS labels. I also have a suspicion that may have something to do with their recent (2 year) stock price history.

cladking · November 20, 2006 10:50AM

<< I think the phase "early strike" would have the same problems as "first strike". That is TPGs have absolutely no way of telling if a coin was struck first, last, early, or late. The mint put out a highly unusual statement to refute the first strike claims. NGC as already been sued over first strike designations and I expect PCGS will be next. I also expect legal fees - win or lose - to eat up more than any profit they make from the FS labels. I also have a suspicion that may have something to do with their recent (2 year) stock price history. >>

It might be tough with bullion silver where dies are swapped out often but
you can certainly tell with most business strikes and this is especially true
for those struck in nickel or copper nickel and other very hard metals.

TAClough · November 20, 2006 11:07AM

Or, First Release.

"First Release" would state what they are better then "First Strike"

ziggy29 · November 20, 2006 11:08AM

Not really. It's a gimmick no matter what it's called.

mrearlygold · November 20, 2006 11:12AM

Ask chuck lipcon. Suddenly he's an expert in the coin business.

leothelyon · November 20, 2006 11:14AM

I don't know why PCGS doesn't/didn't make that determination themselves! Isn't that what they do, professionally grade coins?

Leo

Hugegut · November 20, 2006 11:19AM

Maybe "First Batch" would be more appropriate. Not as cool as "First Strike" though....

classiccoin · November 20, 2006 1:55PM

<< Ask chuck lipcon. Suddenly he's an expert in the coin business. >>

it doesnt take an expert in the coin business to see the facts of whats going on here and these extra costs being charged for random meaningless designations and the hype they artificially create amongst the lay collectors..

mrearlygold · November 20, 2006 2:09PM

<< 

<< Ask chuck lipcon. Suddenly he's an expert in the coin business. >>

it doesnt take an expert in the coin business to see the facts of whats going on here and these extra costs being charged for random meaningless designations and the hype they artificially create amongst the lay collectors.. >>

Chuck? Is that you Chuck?

RNCHSN · November 20, 2006 2:14PM

I read those 2 articles in Coin World with a BIG smile

on my face!

I deal in bullion, but I've NEVER bought into that "first strike" BS!

sliderider · November 21, 2006 1:51AM

So if say, the first set of dies breaks after only a few hundred coins, then they go to another set of dies on that machine, are the coins from the second set of dies still termed as First Strikes simply because they are sent in for grading in the first month?? To me, First Strike, should only be applied to the first few hundred struck before the dies broke. If the mint wears out or breaks 3 or 4 sets of dies within the first month after release, how can you can call the coins from the later dies First Strikes, when clearly they are not??

errormaven · November 21, 2006 6:05AM

A modern die typically lasts 24 hours or thereabouts. So you can generate VLDS (very late die state coins) within the first day that an issue is struck.

coynclecter · November 21, 2006 6:10AM

<< Not really. It's a gimmick no matter what it's called. >>

Does anyone think the dies they use in November are still the dies that we used in January??? They are using new dies and making "first strikes" all year long. This is just another marketing gimmick to extract sucker money.

Cladiator · November 21, 2006 6:19AM

A more accurate label would have been "First Shipped" or "First Slabbed" or "First Submitted"

robertpr · November 21, 2006 6:49AM

Maybe the term "more expensive plastic" would be the most appropriate.

mrearlygold · November 21, 2006 6:58AM

<< A modern die typically lasts 24 hours or thereabouts.

And how many strikings would these dies be good for?

relicsncoins · November 21, 2006 7:00AM

<< I think the phase "early strike" would have the same problems as "first strike". That is TPGs have absolutely no way of telling if a coin was struck first, last, early, or late. The mint put out a highly unusual statement to refute the first strike claims. NGC as already been sued over first strike designations and I expect PCGS will be next. I also expect legal fees - win or lose - to eat up more than any profit they make from the FS labels. I also have a suspicion that may have something to do with their recent (2 year) stock price history. >>

I believe PCGS was named in the class action suit.

JJ

errormaven · November 21, 2006 8:01AM

<< 

<< A modern die typically lasts 24 hours or thereabouts.

And how many strikings would these dies be good for? >>

At 800 coins per minute on a Schuler press, that would be 1,152,000 coins.

66Tbird · November 21, 2006 9:11AM

'First Bunch that were Graded'

That's got a ring of honesty to It

FoundingFather · November 21, 2006 9:15AM

Since it could be months and months of minting, and even half the total amount minted for that year, I don't see how first strike is appropriate in any way. It should be first group, first bunch, first graded, something other than an indication that the strike was in an early state. You could get poor and late strikes on a die and still get a first strike designation.

majorbigtime · November 22, 2006 9:08AM

You betcha!

StampAlarm · November 22, 2006 9:29AM

The grading system is from 1-70. That's enough.

Jerry

leothelyon · November 22, 2006 10:18AM

<< A more accurate label would have been "First Shipped" or "First Slabbed" or "First Submitted" >>

"Market Bait"

Leo

Would "early strike" have been a better term than "first strike"?

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The more qualities observed in a coin, the more desirable that coin becomes!

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The more qualities observed in a coin, the more desirable that coin becomes!

My Jefferson Nickel Collection

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Would &quot;early strike&quot; have been a better term than &quot;first strike&quot;?

Comments

The more qualities observed in a coin, the more desirable that coin becomes!

My Jefferson Nickel Collection

The more qualities observed in a coin, the more desirable that coin becomes!

My Jefferson Nickel Collection

Leave a Comment

Would "early strike" have been a better term than "first strike"?