NGC changes "First Strikes" to "Early Releases" designation
KoinDawg
Posts: 890
Front page of Jan 1, 2007 issue of Coin World says that NGC will no longer label bullion coins as "FIRST STRIKES". A new designation, "EARLY RELEASES" replaces it. Seems to me that label was suggested on this very board. Why didn't you register the trademark? Now NGC can claim it.
This obviously is reaction to the lawsuit against NGC in Florida (and PCGS in California). Nothing in the story indicates any change or changes for PCGS.
My question is this: Why would an "EARLY RELEASES" coin be more valuable than a later release. Are collectors going to go crazy getting their coins in by the deadline to get the new label? Early Releases is just as much as gimmick as First Strikes. Why bother with it at all? If bulk submitters stopped paying for the label to sell to ignorant buyers, this whole scheme would die in a heart beat.
ADDENDUM: The article states that NGC will leave the "FIRST STRIKES" in the coin census and there will be no retrolabelling of existing slabs.
This obviously is reaction to the lawsuit against NGC in Florida (and PCGS in California). Nothing in the story indicates any change or changes for PCGS.
My question is this: Why would an "EARLY RELEASES" coin be more valuable than a later release. Are collectors going to go crazy getting their coins in by the deadline to get the new label? Early Releases is just as much as gimmick as First Strikes. Why bother with it at all? If bulk submitters stopped paying for the label to sell to ignorant buyers, this whole scheme would die in a heart beat.
ADDENDUM: The article states that NGC will leave the "FIRST STRIKES" in the coin census and there will be no retrolabelling of existing slabs.
Scottish Fold Gold 0
Comments
how about a premature birth strike designation?
perhaps they can serial number the coins and add a nifty hologram too.
Russ, NCNE
<< <i>Thanks for the breaking news!
Russ, NCNE >>
Hey, Give him a break!! He is probably from Canada and you know they are slower up there you hoser!!
Russ, NCNE
Looking for PCGS AU58 Washington's, 32-63.
Somehow, "Early Releases" sounds like a special release prior to official release of bullion, which it is not.
COMPLETE KENNEDY VARIETY SET, CIRCULATION STRIKES AND PROOFS
1964 MINT SET
<< <i>Not a him and not Canadian. Just been absent from the boards a few days and that thread didn't show on the first page of messages. At least I got the label correct. It's plural like its predecessor "Early Releases", not "Early Release".
Somehow, "Early Releases" sounds like a special release prior to official release of bullion, which it is not. >>
To me "Early Release" sounds like one who got out of the slammer (or Mint, in this case) early for good behavior.