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Mint To Release GW Presedential Dollars First Day Coin Covers On April 4th at Noon - SOLD OUT

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  • << <i>FL Buff -

    Until they update the official guidance that they released on 2/13 - an internal memo does not fly - and why would a customer have an internal memo? >>


    Because I asked for it since it's no secret they will be grading the first day coin covers as FDI and it serves as guidance. All you have to do is call customer service.
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image


  • << <i>basestealer....you are waaaayy off base.....pardon the pun

    why do you think these designations exist ???????

    the market is being made in these designations, whether we agree or not.

    using fleabay as a guide does not make for a flooded market.

    I would guess and say that w/o fdcc coins, there would be no more than 50,000 fdi labels......the rumored decision wreaks havoc with a very new designation and marketing strategy......people have to buy into it or they do not grade the coins.

    you are very naive to think that this designation means nothing in the market place....just look at first strike labeling and how much $$ that brings.....

    we have all been told to buy the coin, not the holder......

    well boys and girls that has all just changed - whether we like it or not. >>


    I'm not interested in how my statements may affect marketing strategies and a dealer's bottom line, or a pedigree collector's feelings about his or her own collection. The market might be one way, and it's based on falsehoods and outright lies/manipulation/nonsense--buying further into it to save the burning house serves no purpose.

    PCGS "first strikes", as stated by the US mint, means nothing of the sort. PCGS continues to mislabel the coins for profit. Collectors continue to buy them for a number of reasons, not the least of which is misinformation. Either way, let's assume that PCGS will continue labeling coins in this manner--if they do, they have an obligation to be a third party grader, not a market maker and not the manufacturer of scarcities, and not a "dealer's best friend". They have an obligation to grade a coin as it is. And the first day covers are the only legitimate "first strike" Washington dollars. To not grade these but grade all the rolls before it would be a further shameful embarassment. A coin is either a first strike or it isn't. We already know PCGS doesn't care if it is or isn't, but at least if they grade these first day covers, at least SOME of the coins carrying that pedigree will be genuine.
  • WinPitcherWinPitcher Posts: 27,726 ✭✭✭
    I would think that leaving the first day cover alone and not sending it in would be the best thing. It is post marked and does not need PCGS's label.

    Once sent in it becomes just like all the other FDI's.

    JMO

    Steve
    Good for you.


  • << <i>I would think that leaving the first day cover alone and not sending it in would be the best thing. It is post marked and does not need PCGS's label.

    Once sent in it becomes just like all the other FDI's.

    JMO

    Steve >>


    I agree. And hopefully if everyone else send theirs in, those that left them alone will be better off in a few years.


  • << <i>I would think that leaving the first day cover alone and not sending it in would be the best thing. It is post marked and does not need PCGS's label.

    Once sent in it becomes just like all the other FDI's.

    JMO

    Steve >>


    The problem is nobody will pay $1,000 for a coin cover and they are paying $1,000 for a PCGS FDI MS67.
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image


  • << <i>

    << <i>I would think that leaving the first day cover alone and not sending it in would be the best thing. It is post marked and does not need PCGS's label.

    Once sent in it becomes just like all the other FDI's.

    JMO

    Steve >>


    The problem is nobody will pay $1,000 for a coin cover and they are paying $1,000 for a PCGS FDI MS67. >>


    Aren't they dumb bunnies!
  • The U.S. Mint and PCGS are just eating all this up. They love it!! They both profit from the FDI B.S. and can change their mind at any time for any reason about the cover FDI's. It's all greed for profit.

    IMHO...If all this hold up, the floodgates are open and the FDI's will flounder.
    I'm not a vigilante, I'm an undocumented border patrol agent!
  • WinPitcherWinPitcher Posts: 27,726 ✭✭✭
    What makes you think you will get an MS67 from the cover?

    That is a crapshoot at best.

    I would think that searching rolls for what you may think is a 67 would be better.

    It is just not econimically feasable to break these FD covers hoping for a 67. IMO

    I would think that the ratio will remain the same. 65 for showing up with 1% 66 and less 67's

    Just cuz they were postmarked on the 15th of February does not mean that they are first strike proof like devoid of any marks.

    They could very well be but i doubt it.

    Steve
    Good for you.
  • My thoughts.-

    1/. Fresh dies - Coins are true 'First Strikes' - No way on knowing when the coins from bank rolls were minted.
    2/. Less handling - Coins in bank rolls have received additional handling and are more susceptible to contact marks from the additional handling
    3/. Coin Covers are usually nicer coins than can be found in circulation.

    I'll let you know how they compare to the bank rolls when I get my covers on Monday image
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image
  • I love all of this controversy, LOL.
    Having Fun At Other Peoples Expenses, One Day At A Time!
  • This is all good stuff. PCGS should be taking notes.
    I'm not a vigilante, I'm an undocumented border patrol agent!
  • Take note boys.

    The 1st Official First Day Cover for $.25 was Deleware. Second was Mass. - 100K units each

    These coins have 'partisan' appeal

    Ebay shows they were sold out and are selling at $60-$80 each on the 'bay

    I'll take my chances on getting part of the 50K sale of the First of the First.

    These coins have 'National' appeal.

    I'll tell you this, when FloridaBill pulls the trigger, it has been thought out and calculated. image

    I'm in.

  • I might send some in if I can get a First Day of Production label instead of First Day of Issue label. Otherwise, I think they are better off in the original packaging.
  • What do you think if the FDC can be graded intact and placed in a certified holder like baseball cards, currency, and toys????image


  • << <i>I ordered 2000 last night, then sent my buddy an email recommending he take a plunge here. He ordered 2000 this morning. We both did them in 50 per order increments.

    FloridaBill >>



    Very interesting. Do you realize that you and your friend now own 8% of the population of these sets?




    << <i>What do you think if the FDC can be graded intact and placed in a certified holder like baseball cards, currency, and toys???? >>



    That would be ok, but I would much rather have a regular slab indicating that the coin is not only first day issue but also first day of production. It wouldn't take much to create such a label for these coins.
  • 7over87over8 Posts: 4,733 ✭✭✭
    FL Buff -

    If you think you'll be getting a 67 when less than 1% of all so far make 67......your a bigger dreamer than I

    And if 67's are pumped out, look for a market price that falls extremely fast.

    The modern game is all about designations, anyone who doubts it and stays on the sidelines will watch others prosper

    In these widgets, its all about the holder, not the coin.



  • << <i>FL Buff -

    If you think you'll be getting a 67 when less than 1% of all so far make 67......your a bigger dreamer than I

    And if 67's are pumped out, look for a market price that falls extremely fast.

    The modern game is all about designations, anyone who doubts it and stays on the sidelines will watch others prosper

    In these widgets, its all about the holder, not the coin. >>


    I would say the reason no one has found anyything better than a 67 (and very few at that) is probably because all the FDI currently available came from bank rolls which are not exactly known for their quality since those are coins intended for circulation. What the mint has done with the coin covers is issue truly uncirculated coins that were minted on the first day they were produced. It stands to reason that nicer examples will come from these coin covers for the reasons I stated above and therfore theoretically higher grades than the FDI currently available which are 100% from bank rolls. Even the original PCGS FDI bulk pricing stucture was based on the coins grading higher which is why it was changed to a flat rate.
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image
  • 7over87over8 Posts: 4,733 ✭✭✭
    it was changed to a flat rate pricing so they would get 12 per coin instead of 6.

    with 99.9% grading 66, 65 or lower - coins cost $10 (for 66) or $6 (for 65 or lower) to grade. no where near 12.

    can I borrow some of those rose colored lenses?????? you must be dreaming again.



  • 7over87over8 Posts: 4,733 ✭✭✭
    "What the mint has done with the coin covers is issue truly uncirculated coins that were minted on the first day they were produced"


    I never heard of "truly uncirculated" coins......is that new?

    are they prefixed by "TU" instead of "BU" ?

    The quality in the coin covers is no different than US mint Sets which are cra* as well.

    I will bet you will not find another 67. Even if you think you have one, it will be knocked down to a 66 in finalization. It always does.

    Hence the rarity factor, and a bunch of guys thinking they will find the grail.


  • << <i>"What the mint has done with the coin covers is issue truly uncirculated coins that were minted on the first day they were produced"[i]


    I never heard of "truly uncirculated" coins......is that new?

    are they prefixed by "TU" instead of "BU" ?

    The quality in the coin covers is no different than US mint Sets which are cra* as well.

    I will bet you will not find another 67. Even if you think you have one, it will be knocked down to a 66 in finalization. It always does.

    Hence the rarity factor, and a bunch of guys thinking they will find the grail.
    >>


    People that buy the coin covers have different opinion than yours.-


    << <i>If the state quarter covers are any indicator, these covers will be a good investment if left unopened in their cardboard mailers. If you check the prices of full sets through 2006 of quarter first day covers,unopened, you'll find that they bring a pretty good price.I like to get a few of each, then I open one to be able to look at and stash the others. I've always found them to be above average strikes with very few if any minor contact marks. Good luck ! CC >>


    Your coin crystal ball is no different than mine. I will let you know how I think they compare to the bank rolls when I get my coin covers on Monday image
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image
  • pf70collectorpf70collector Posts: 6,749 ✭✭✭
    Well, if Florida Bill bought 2000 and his friend bought 2000 and there were supposodely 21,000 left from this thread I see a sellout soon. I won't be submitting these. The holder from the mint will do just fine for me. The only way I would submit is if the TPG allowed the whole holder to be graded like NGC did with OGP Morgan Dollars.
  • OPAOPA Posts: 17,142 ✭✭✭✭✭


    << <i>My thoughts.-

    1/. Fresh dies - Coins are true 'First Strikes' - No way on knowing when the coins from bank rolls were minted.
    2/. Less handling - Coins in bank rolls have received additional handling and are more susceptible to contact marks from the additional handling
    3/. Coin Covers are usually nicer coins than can be found in circulation.

    I'll let you know how they compare to the bank rolls when I get my covers on Monday image >>



    Please do, in the meantime, I've ordered 25 more sets before they sell out. Happy Easter to everybody.image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • 08HALA2008HALA20 Posts: 3,066 ✭✭✭


    << <i>Take note boys.

    The 1st Official First Day Cover for $.25 was Deleware. Second was Mass. - 100K units each

    These coins have 'partisan' appeal

    Ebay shows they were sold out and are selling at $60-$80 each on the 'bay

    I'll take my chances on getting part of the 50K sale of the First of the First.

    These coins have 'National' appeal.

    I'll tell you this, when FloridaBill pulls the trigger, it has been thought out and calculated. image

    I'm in. >>




    I like the the way FloridaBill thinks. Jump in with two feet.

    I just ordered another 50 that puts me over a 100 just in case I decide to give PCGS the business. I plan to keep them intact though.

    Rookie Joe

  • I was told that there are still about half left to be sold. Plenty to go around yet. I'm still deciding on what to do...get more or not....
    Having Fun At Other Peoples Expenses, One Day At A Time!


  • << <i>I was told that there are still about half left to be sold. Plenty to go around yet. I'm still deciding on what to do...get more or not.... >>



    Plenty to go around is relative to the fact that they sold over 1/2 the total mintage in 3 days. 4/4 - 4/7 If anyone is planning to buy these, they should not wait until next week. They could sell out any time.
    Seth


  • << <i><< I was told that there are still about half left to be sold. Plenty to go around yet. I'm still deciding on what to do...get more or not.... >>



    Plenty to go around is relative to the fact that they sold over 1/2 the total mintage in 3 days. 4/4 - 4/7 If anyone is planning to buy these, they should not wait until next week. They could sell out any time. >>



    considering floridabill and his partner bought up 8 percent of the total issue amount, i wouldn't be surprised if they're already gone.


  • << <i> Well, if Florida Bill bought 2000 and his friend bought 2000 and there were supposedly 21,000 left from this thread I see a sellout soon. >>



    The figure of 21,882 remaining quoted by mas3387 was after my order of 2,000 was placed but before my buddies order of 2,000. Plus I don't have a high degree of confidence in how closely the numbers are being tracked by the mint over Easter weekend. I suspect they did not expect a run on these. Yes, these will sell out soon...

    In fact, I think the possibility exists that the quality for these coins may well be above the crappy quality of the general release coins (as others have stated). As several posters here are receiving their sets tomorrow, we will be the first to know. If that does turn out to be the case, look for the window to close very quickly and the aftermarket to make an immediate jump.

    Suggestion to my fellow members...why not go ahead and place an order for the quantity you will have wish you had bought if: 1)the reported quality is better, and 2)the windows closes very quickly, and 3)the market jumps to $35-$40 per by this time next week. With new orders now being given a 4-23 shipping date, you have plenty of time to cancel if it doesn't pan out. It's another free call option, courtesy of the US Mint! And if it does pan out...WAHOO!

    FloridaBill
  • image
    Seth
  • lookout if some errors show up in these sets. threads for weeks. image
  • How much is the mint paying forum posters to pump these! image


  • << <i>

    << <i> Well, if Florida Bill bought 2000 and his friend bought 2000 and there were supposedly 21,000 left from this thread I see a sellout soon. >>



    The figure of 21,882 remaining quoted by mas3387 was after my order of 2,000 was placed but before my buddies order of 2,000. Plus I don't have a high degree of confidence in how closely the numbers are being tracked by the mint over Easter weekend. I suspect they did not expect a run on these. Yes, these will sell out soon...

    In fact, I think the possibility exists that the quality for these coins may well be above the crappy quality of the general release coins (as others have stated). As several posters here are receiving their sets tomorrow, we will be the first to know. If that does turn out to be the case, look for the window to close very quickly and the aftermarket to make an immediate jump.

    Suggestion to my fellow members...why not go ahead and place an order for the quantity you will have wish you had bought if: 1)the reported quality is better, and 2)the windows closes very quickly, and 3)the market jumps to $35-$40 per by this time next week. With new orders now being given a 4-23 shipping date, you have plenty of time to cancel if it doesn't pan out. It's another free call option, courtesy of the US Mint! And if it does pan out...WAHOO!

    FloridaBill >>


    Also in the worse case, the mint also offers a 30-day no questions asked return policy.
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image
  • 7over87over8 Posts: 4,733 ✭✭✭
    FloridaBill -

    There are much better issues to spend the capital on coming down the pike. Some you may know of, some will fly under the radar. Some many expect to be mass produced - and when the mint shuts them off early - they will be very surprised.

    The track record of these covers even after sellout is terrible.

    There are some groups of individuals waiting in the wings to invest 50K plus each in some issues, but not this one.

    What you dont want is to be stuck with these when another opportunity comes along.

  • SUMORADASUMORADA Posts: 4,797
    fbuffalohunter makes a good point,if the 4/23 date holds (i think it will be more like 5/10) it's gives you time to cancel if you want,these will probaly be on ebay by wed,thurs and sold out at the mint too,order now just in case...........i ordered 650...
  • With the cancel order option along with the return option, there is no reason to even think about it. Win or break even scenario. No loss other than maybe the postage back.
    image


  • << <i>With the cancel order option along with the return option, there is no reason to even think about it. Win or break even scenario. No loss other than maybe the postage back. >>



    Yeah, but I've had things that we're backordered and the next thing you know its in my mailbox. So you can't really go by that, your still taking achance. Heck, I had my Gold Proofs in hand before they even took the money out of my account this year.
    Having Fun At Other Peoples Expenses, One Day At A Time!
  • 7over87over8 Posts: 4,733 ✭✭✭
    you have to have enough buyers of this cr&p or they will sit in your inventory. not everything is an instant winner.

    what sucks is being stuck with selling this garbage one at a time, competing with fellow ebayers to see who can outsell who when prices are falling through the floor.

    dont expect huge returns on this one.
  • all it will take is for the US Mint powers that be to allow one letterless edge out in these sets and its all over...


  • << <i>you have to have enough buyers of this cr&p or they will sit in your inventory. not everything is an instant winner.

    what sucks is being stuck with selling this garbage one at a time, competing with fellow ebayers to see who can outsell who when prices are falling through the floor.

    dont expect huge returns on this one. >>


    If the quality of the strikes are better than the bank rolls as I believe they will be, these will definitely turn out to be a huge winner in the FDI grading game. image
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image


  • << <i>image >>



    It is difficult to read the wording on this picture, but I think it reads:

    Philadelphia
    First Day of Mintage
    November 9, 2006

    Denver
    First Day of Mintage
    November 28, 2006

    First Day of Issue
    February 15, 2007

    So, will PCGS offer a First Day of Mintage label? If not, will their competition offer such a label to distinguish these coins?
  • tyler267tyler267 Posts: 1,305 ✭✭✭✭
    Guys, I have a question about mint returns. Let's say that you ordered 500 sets, took delivery. and waited to see what happens to the market. The market goes south and you return all 500. I assume there would be no problem and the mint would take them back.

    But let's say you did over and over, I would assume at some point the mint would refuse your orders do to the cost of restocking all these items.

    Also another spin on the same question what if you ordered 500 coins and you cherry picked them for the best quality, so you return 400 to the mint for credit. Again I would assume at some point the mint would begin to refuse your orders.

    I'd be interested in hearing from anyone who has experience in returning items to the mint.

    Thanks
  • FullStrikeFullStrike Posts: 4,353 ✭✭✭


    << <i>How much is the mint paying forum posters to pump these! >>




    I'm getting nothing. BUT, they did guarantee me some "godless" Dollars would be in MY sets. image


  • << <i>

    << <i>How much is the mint paying forum posters to pump these! >>




    I'm getting nothing. BUT, they did guarantee me an order for 10 Plat Anniversary sets would be honored. image >>




    I expect my thick envelope to be placed at the usual location very soon.
  • I expect my thick envelope to be placed at the usual location very soon

    LOL!


  • << <i>But let's say you did over and over, I would assume at some point the mint would refuse your orders do to the cost of restocking all these items. >>



    I've never heard of this, but I suppose if you did it often enough, it's possible. But remember, being government-run, the U.S. Mint is NOT a rational organization. Even though it might make good business sense to "block" such a person, that doesn't mean the Mint would do it.

    Bottom line...who knows?
    I heard they were making a French version of Medal of Honor. I wonder how many hotkeys it'll have for "surrender."
  • I'd be interested in hearing from anyone who has experience in returning items to the mint.

    Mint Refund Thread
  • Coinboy brings up a good point. It usually takes the mint a couple of months to issue a refund (a couple months, plus 4+ hours on the phone with them). Something of a hassle, but worth it.

    I heard they were making a French version of Medal of Honor. I wonder how many hotkeys it'll have for "surrender."
  • pf70collectorpf70collector Posts: 6,749 ✭✭✭
    I returned a $1500 order last month, but the 50 sets were unopened and they refunded my money back in about 3 weeks. I guess if you make it a usual practice they may flag you and purposely hold onto your money to discourage sending back their products in the future.
  • tincuptincup Posts: 5,412 ✭✭✭✭✭
    I really expect the Mint to change their return policy one of these days. Once the bean counters figure out how much it is costing them in shipping, return shipping, paperwork, restocking, etc.

    A very generous policy. And one that will probably not last.
    ----- kj
  • 7over87over8 Posts: 4,733 ✭✭✭
    this is going to be a dog. dont bet the kitchen sink on this one.


  • << <i>this is going to be a dog. dont bet the kitchen sink on this one. >>



    We'll remember this quote, LOL!
    Having Fun At Other Peoples Expenses, One Day At A Time!

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