<< <i>As the tape is under the label, and the packing slip is the box, that means there's no way of telling which box is really number 1. The label was attached after the box was packed. >>
Casman, you miss the point entirely. The Mint packed your box with a packing slip inside and taped the box. The label was attached afterwards. No way are the contents the first box.
<< <i>Casman, you miss the point entirely. The Mint packed your box with a packing slip inside and taped the box. The label was attached afterwards. No way are the contents the first box. >>
The cover boxes of 50 do not have the packing slip inside. The mint packaged the 50,000 covers produced into 1000 boxes of 50 and shipped the sealed boxes to some that ordered 50 or more covers. It has nothing to do with the order they were minted simply how they were packaged as others have said.
Never teach a pig to sing. You'll waste your time and annoy the pig
I may be sorry but I cancelled 200 sets yesterday. I look at the bright side though, I have 100 coming and I will sleep better not having to worry about them going over big or not.
<< <i>I may be sorry but I cancelled 200 sets yesterday. I look at the bright side though, I have 100 coming and I will sleep better not having to worry about them going over big or not. >>
I think if you saw the sets in hand you wouldn't have cancelled; but I am sure that someone out there will thank you when they get their backordered sets because you cancelled.
The box I ordered in the fist 2 minutes of availability has what sounds like a box inside the box. I have no 3 of 1000 or 12 of 1000 sticker on the outside. Is the box on the inside the one that is numbered?
Why are people cancelling their orders after they sold out from the mint in only 8 days, after people remark at how nicely done the covers are, and after they see them fetching more than double issue price on ebay? It makes me wonder if some of you purchase things hoping they will be worthless dogs with no resale value, and if they aren't, you immediately return them. What else could it be?
<< <i>Why are people cancelling their orders after they sold out from the mint in only 8 days, after people remark at how nicely done the covers are, and after they see them fetching more than double issue price on ebay? It makes me wonder if some of you purchase things hoping they will be worthless dogs with no resale value, and if they aren't, you immediately return them. What else could it be? >>
Many orders may be placed in the hopes of receiving the items early and being among the first to flip on the bay. Once people see where they are in the queue, interest may wane. It is an interesting way to drive mintage up to the max without actually buying the max mintage.
<< <i>The box I ordered in the fist 2 minutes of availability has what sounds like a box inside the box. I have no 3 of 1000 or 12 of 1000 sticker on the outside. Is the box on the inside the one that is numbered? >>
If you ordered 50 or more covers, you may have received a sealed box of 50 with a numbered label. They place the sealed numbered box containing the coin covers inside another box to ship it to you.
Never teach a pig to sing. You'll waste your time and annoy the pig
I got 2 - 50 cover boxes with the regular standard Mint label. NO box number.
Also, I don't blame people for cancelling their orders. Buying and selling is not as easy as it looks. It's stressful and takes a lot of time and organization. It's really almost a second job.
Looks like you could get them and sell them here for a profit. Probably enough to make it worh your while.
<< <i>I got 2 - 50 cover boxes with the regular standard Mint label. NO box number.
Also, I don't blame people for cancelling their orders. Buying and selling is not as easy as it looks. It's stressful and takes a lot of time and organization. It's really almost a second job. >>
Not true. Many orders from forum members were in 50 ct orders and did not receive them in numbered boxes as you indicated. >>
Which is exactly why I said you may receive a sealed numbered box.-
<< <i>f you ordered 50 or more covers, you may have received a sealed box of 50 with a numbered label. They place the sealed numbered box containing the coin covers inside another box to ship it to you. >>
Never teach a pig to sing. You'll waste your time and annoy the pig
<< <i>Lots of hype on this issue, a fast sellout - probably due to some over zealous forum members,
Secondary looks like a $20 item,
Not impressed, although some convinced me to buy 100, so i'll take my couple hundered dollar profit and run
Thats what you get for a very "unpopular" product, covers just haven't been very popular with collectors for years, >>
I believe since NGC will grade and certify the coin covers with the fiirst day of mintage label they should have more appeal to those that collect the series. Much like people like the 'First Strike' designation. I asked NGC yesterday if they will be grading the first day of mintage 50 States coin covers the same as they are now doing for the presidential coin covers, they said they will and will be announcing it once they work out the details. This should increse demand for the other covers as well. I for one am looking forward to putting together a complete set of graded presidential coin covers.
Never teach a pig to sing. You'll waste your time and annoy the pig
<< <i>Lots of hype on this issue, a fast sellout - probably due to some over zealous forum members,
Secondary looks like a $20 item,
Not impressed, although some convinced me to buy 100, so i'll take my couple hundered dollar profit and run
Thats what you get for a very "unpopular" product, covers just haven't been very popular with collectors for years, >>
Mmmmm...I don't know about that. Have you taken a recent look on what they are selling for? 4/16 $21 - $29 range...4/17 $27 - $32 range.....selling price is un the upswing...
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
<< <i>The box I ordered in the fist 2 minutes of availability has what sounds like a box inside the box. I have no 3 of 1000 or 12 of 1000 sticker on the outside. Is the box on the inside the one that is numbered? >>
If you ordered 50 or more covers, you may have received a sealed box of 50 with a numbered label. They place the sealed numbered box containing the coin covers inside another box to ship it to you. >>
You are absolutely correct!! This was what I was looking into.
Just to set things straight, I was talking directly to some of those receiving numbered labeled boxes and we were trying to figure out why some people were getting loose covers.
We thought it would be a good idea to ask some of those receiving loose covers what the actual size of the box was that they had received with the loose covers. We did some checking and I remembered that some on this board indicated that they were "robbed " or something to that effect. I sent a few PM's asking for dimensions of those Boxes.
I received a PM back with the information I had requested. I replied Thanks, we think we might have figured out why some people received them loose, but were still checking to confirm.
What I received back almost immediately was basically that "Hey, I'm on to you, I know lots of people, we order hundreds of sets and have lots of contacts, and Nobody received any boxes numbered as I indicated, and that the US MINT didn't label them with those labels and that basically I created the label myself".
I was thinking WTF, I knew someone else mentioned receiving a Box Labeled 9 of 1,000, and in about a minute, I found the post, cut and pasted it into a PM and sent it to this person saying, Well, what is this then? By that time this person had already decided to post to the boards that: "Hey guys, they are all labeled #1". If not obvious, this poster pissed me off, along with a couple other Know it all's.
That's it, in a nutshell....I'm going back to lurking....it's easier....
I see some of the later BIN's going for mid-30's and recent buys in that range. Latest action due to Mint's anouncement of "product no avaiable."
It'll be interesting to see how much of a mark up of NGC graded covers. How much does anyone think that'll be?
I haven't sold any yet. I waiting for a few more covers and waiting for collectors that don't even know they want to collect these...which I think will be in the thousands. If the artwork stays top notch this will be a sleeper hit series. The true gems will be the Prez-covers of dollars of limited mintages. That may come as early as next year.
By solving the dual problem of maintaining the US Mint Packaging and still providing a grade coupled to only a 3 cover minimum, this is HUGE!
Both benifit; the Mint buyers and the secondary collectors for the NEXT 10 years.
Now add in all the State Quarters for the past 10 years and you have a very collectable First Day of Mint Series that is a direct competitor to any First Day B.S. created by TPG marketing departments.
By solving the dual problem of maintaining the US Mint Packaging and still providing a grade coupled to only a 3 cover minimum, this is HUGE!
Both benifit; the Mint buyers and the secondary collectors for the NEXT 10 years.
Now add in all the State Quarters for the past 10 years and you have a very collectable First Day of Mint Series that is a direct competitor to any First Day B.S. created by TPG marketing departments. >>
I have to agree wholeheartedly, but the artwork is key because the coins are truly dreadful. The next couple of covers (artwork) will show the trend. Just think how beautiful a cover album will look containing all 40+ Presidents.
kinda makes the so-called 'first strikes' obsolete
For State Quarters and these Presidential Dollars, yes, it does.
The US Mint with the help of NGC has just swerved into a way to get rid of 10 years worth of FDC for the State Quarters.
In reality, this ALSO allows PCGS/NGC to provide First Strike (allow me) grading to the at least 8 years worth of State Quarters issued BEFORE FS designation was created.
<< <i>In reality, this ALSO allows PCGS/NGC to provide First Strike (allow me) grading to the at least 8 years worth of State Quarters issued BEFORE FS designation was created. >>
Maybe, maybe not. Here's the First Strike definition from the PCGS Lingo page:
<< <i>First Strike (TM) Beginning in 2004, PCGS began designating coins delivered by the U.S. Mint in the 30 day period following the initial sales date of a new product as "First Strike". For instance, new American Silver Eagles typically go on sale each January 1st, thus any coins delivered between January 1 and January 31 qualify for the First Strike (TM) designation. >>
The GW FDCCs were delivered by the US Mint more than 30 days AFTER the initial sale of the exact same GW$s through banks. So theoretically GW$ FDCCs would NOT qualify as First Strike. Of course, the definitions on the Lingo page are subject to change
Maybe, maybe not. Here's the First Strike definition from the PCGS Lingo page
LOL, whelp the next week or so will reveal a great case study about how a major market leader adapts to the changing Market demands of the customers it serves.
The source of the product they grade is stating without any doubt what the REAL definition of a First Strike is, not a trademark label's version of the facts.
<< <i>In reality, this ALSO allows PCGS/NGC to provide First Strike (allow me) grading to the at least 8 years worth of State Quarters issued BEFORE FS designation was created. >>
Maybe, maybe not. Here's the First Strike definition from the PCGS Lingo page:
<< <i>First Strike (TM) Beginning in 2004, PCGS began designating coins delivered by the U.S. Mint in the 30 day period following the initial sales date of a new product as "First Strike". For instance, new American Silver Eagles typically go on sale each January 1st, thus any coins delivered between January 1 and January 31 qualify for the First Strike (TM) designation. >>
The GW FDCCs were delivered by the US Mint more than 30 days AFTER the initial sale of the exact same GW$s through banks. So theoretically GW$ FDCCs would NOT qualify as First Strike. Of course, the definitions on the Lingo page are subject to change >>
Which is why NGC is labeling them First Day of Mintage instead of First Strike.
Never teach a pig to sing. You'll waste your time and annoy the pig
<< <i>In reality, this ALSO allows PCGS/NGC to provide First Strike (allow me) grading to the at least 8 years worth of State Quarters issued BEFORE FS designation was created. >>
Maybe, maybe not. Here's the First Strike definition from the PCGS Lingo page:
<< <i>First Strike (TM) Beginning in 2004, PCGS began designating coins delivered by the U.S. Mint in the 30 day period following the initial sales date of a new product as "First Strike". For instance, new American Silver Eagles typically go on sale each January 1st, thus any coins delivered between January 1 and January 31 qualify for the First Strike (TM) designation. >>
The GW FDCCs were delivered by the US Mint more than 30 days AFTER the initial sale of the exact same GW$s through banks. So theoretically GW$ FDCCs would NOT qualify as First Strike. Of course, the definitions on the Lingo page are subject to change >>
Which is why NGC is labeling them First Day of Mintage instead of First Strike. >>
Maybe, maybe not. First Day of Mintage is a US Mint designation and much cooler than a TPG created definition.
You know, I realize I am being a pain in the ass to you PCGS guys with these posts.
But I am a stockholder, so just lump it.
There is huge problem at PCGS, i.e. it is a lack of a realistic response to the market that is changing before our eyes on this new 10 year series.
Yes, it will damage any projections made for the FDIs of the Presidential Dollars revenues, but if reaction is quick and better than NGC and that the 100 coin bulk requirement you started with, you guys can make a ton of money on this series and capture the State Quarter Covers, as well.
Charge a bit more if they are sent in as 3's and 4's!
Jeez, people will pay!
It is not that hard to change, it is just a mind-set!
Hell, I have 400 units that when they arrive will be going to NGC as of today, given current policy.
Would I prefer PCGS, all offerings being equal?
YES! Because the market always prefers PCGS with the 'all things being equal' qualification!!
But right now? The choice is very easy to make. It is a no-brainer to go NGC.
The Mint is shipping, coins are arriving and within the next week or so, lots of decisions to go NGC will be made. And stock will be sold.
By solving the dual problem of maintaining the US Mint Packaging and still providing a grade coupled to only a 3 cover minimum, this is HUGE!
Both benifit; the Mint buyers and the secondary collectors for the NEXT 10 years.
Now add in all the State Quarters for the past 10 years and you have a very collectable First Day of Mint Series that is a direct competitor to any First Day B.S. created by TPG marketing departments. >>
On the State Quarter FDCC...I've noticed that the Mint has drastically reduced the production quotas from 100,000 to the most recent (Montana) of 35,000. In addition, they lowered the cost for the entire unsold series to $14.95 from $19.95. It does not take a "Rocket Scientist" to realize why they did that...but, on the other hand ... this entire series could become a sleeper. Only time will tell. ( I for one have not collected the State Quarter FDCC's except for the most current on. But I'm tempted to purchase all the future ones, if the Mint keeps the production low. On the FDCC's< I agree with the statement "buy the cover & not the coin."
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
By solving the dual problem of maintaining the US Mint Packaging and still providing a grade coupled to only a 3 cover minimum, this is HUGE!
Both benifit; the Mint buyers and the secondary collectors for the NEXT 10 years.
Now add in all the State Quarters for the past 10 years and you have a very collectable First Day of Mint Series that is a direct competitor to any First Day B.S. created by TPG marketing departments. >>
On the State Quarter FDCC...I've noticed that the Mint has drastically reduced the production quotas from 100,000 to the most recent (Montana) of 35,000. In addition, they lowered the cost for the entire unsold series to $14.95 from $19.95. It does not take a "Rocket Scientist" to realize why they did that...but, on the other hand ... this entire series could become a sleeper. Only time will tell. ( I for one have not collected the State Quarter FDCC's except for the most current on. But I'm tempted to purchase all the future ones, if the Mint keeps the production low. On the FDCC's< I agree with the statement "buy the cover & not the coin." >>
Once it is announced NGC WILL grade the 50 state covers as well, demand should pick. I'm tempted to grab some now too
Never teach a pig to sing. You'll waste your time and annoy the pig
Comments
<< <i>For a market that likes First Strike, even this label must be more of a pedigree >>
Touche.
<< <i>As the tape is under the label, and the packing slip is the box, that means there's no way of telling which box is really number 1. The label was attached after the box was packed. >>
I have the packing slip.
<< <i>Casman, you miss the point entirely. The Mint packed your box with a packing slip inside and taped the box. The label was attached afterwards. No way are the contents the first box. >>
The cover boxes of 50 do not have the packing slip inside. The mint packaged the 50,000 covers produced into 1000 boxes of 50 and shipped the sealed boxes to some that ordered 50 or more covers. It has nothing to do with the order they were minted simply how they were packaged as others have said.
If I really get lucky, NGC will put the box in a special holder......lets see...12/per coin * 50...$600 certification fee
Ren
<< <i>I may be sorry but I cancelled 200 sets yesterday. I look at the bright side though, I have 100 coming and I will sleep better not having to worry about them going over big or not. >>
I think if you saw the sets in hand you wouldn't have cancelled; but I am sure that someone out there will thank you when they get their backordered sets because you cancelled.
<< <i>Why are people cancelling their orders after they sold out from the mint in only 8 days, after people remark at how nicely done the covers are, and after they see them fetching more than double issue price on ebay? It makes me wonder if some of you purchase things hoping they will be worthless dogs with no resale value, and if they aren't, you immediately return them. What else could it be? >>
Many orders may be placed in the hopes of receiving the items early and being among the first to flip on the bay. Once people see where they are in the queue, interest may wane. It is an interesting way to drive mintage up to the max without actually buying the max mintage.
<< <i>The box I ordered in the fist 2 minutes of availability has what sounds like a box inside the box. I have no 3 of 1000 or 12 of 1000 sticker on the outside. Is the box on the inside the one that is numbered? >>
If you ordered 50 or more covers, you may have received a sealed box of 50 with a numbered label. They place the sealed numbered box containing the coin covers inside another box to ship it to you.
I have been away from home for several days, so now it's time to call Fedex and make sure they hold them until Saturday...
FloridaBill
I got 2 - 50 cover boxes with the regular standard Mint label. NO box number.
Also, I don't blame people for cancelling their orders. Buying and selling is not as easy as it looks. It's stressful and takes a lot of time and organization. It's really almost a second job.
<< <i>I got 2 - 50 cover boxes with the regular standard Mint label. NO box number.
Also, I don't blame people for cancelling their orders. Buying and selling is not as easy as it looks. It's stressful and takes a lot of time and organization. It's really almost a second job. >>
<< <i>Buying and selling is not as easy as it looks. It's stressful and takes a lot of time and organization. It's really almost a second job. >>
I completely agree....that's why I'm only doing boxes of 50
FloridaBill
Not true. Many orders from forum members were in 50 ct orders and did not receive them in numbered boxes as you indicated.
<< <i>FL Buff
Not true. Many orders from forum members were in 50 ct orders and did not receive them in numbered boxes as you indicated. >>
Which is exactly why I said you may receive a sealed numbered box.-
<< <i>f you ordered 50 or more covers, you may have received a sealed box of 50 with a numbered label. They place the sealed numbered box containing the coin covers inside another box to ship it to you. >>
<< <i>
<< <i>Buying and selling is not as easy as it looks. It's stressful and takes a lot of time and organization. It's really almost a second job. >>
I completely agree....that's why I'm only doing boxes of 50
FloridaBill >>
Boxes of 10-20, easy to sell on ebay
Keith
Secondary looks like a $20 item,
Not impressed, although some convinced me to buy 100, so i'll take my couple hundered dollar profit and run
Thats what you get for a very "unpopular" product, covers just haven't been very popular with collectors for years,
<< <i>Lots of hype on this issue, a fast sellout - probably due to some over zealous forum members,
Secondary looks like a $20 item,
Not impressed, although some convinced me to buy 100, so i'll take my couple hundered dollar profit and run
Thats what you get for a very "unpopular" product, covers just haven't been very popular with collectors for years, >>
I believe since NGC will grade and certify the coin covers with the fiirst day of mintage label they should have more appeal to those that collect the series. Much like people like the 'First Strike' designation. I asked NGC yesterday if they will be grading the first day of mintage 50 States coin covers the same as they are now doing for the presidential coin covers, they said they will and will be announcing it once they work out the details. This should increse demand for the other covers as well. I for one am looking forward to putting together a complete set of graded presidential coin covers.
<< <i>Lots of hype on this issue, a fast sellout - probably due to some over zealous forum members,
Secondary looks like a $20 item,
Not impressed, although some convinced me to buy 100, so i'll take my couple hundered dollar profit and run
Thats what you get for a very "unpopular" product, covers just haven't been very popular with collectors for years, >>
Mmmmm...I don't know about that. Have you taken a recent look on what they are selling for? 4/16 $21 - $29 range...4/17 $27 - $32 range.....selling price is un the upswing...
<< <i>
<< <i>The box I ordered in the fist 2 minutes of availability has what sounds like a box inside the box. I have no 3 of 1000 or 12 of 1000 sticker on the outside. Is the box on the inside the one that is numbered? >>
If you ordered 50 or more covers, you may have received a sealed box of 50 with a numbered label. They place the sealed numbered box containing the coin covers inside another box to ship it to you. >>
You are absolutely correct!! This was what I was looking into.
Just to set things straight, I was talking directly to some of those receiving numbered labeled boxes and we were trying to figure out why some people were getting loose covers.
We thought it would be a good idea to ask some of those receiving loose covers what the actual size of the box was that they had received with the loose covers. We did some checking and I remembered that some on this board indicated that they were "robbed " or something to that effect. I sent a few PM's asking for dimensions of those Boxes.
I received a PM back with the information I had requested. I replied Thanks, we think we might have figured out why some people received them loose, but were still checking to confirm.
What I received back almost immediately was basically that "Hey, I'm on to you, I know lots of people, we order hundreds of sets and have lots of contacts, and Nobody received any boxes numbered as I indicated, and that the US MINT didn't label them with those labels and that basically I created the label myself".
I was thinking WTF, I knew someone else mentioned receiving a Box Labeled 9 of 1,000, and in about a minute, I found the post, cut and pasted it into a PM and sent it to this person saying, Well, what is this then? By that time this person had already decided to post to the boards that: "Hey guys, they are all labeled #1". If not obvious, this poster pissed me off, along with a couple other Know it all's.
That's it, in a nutshell....I'm going back to lurking....it's easier....
It'll be interesting to see how much of a mark up of NGC graded covers. How much does anyone think that'll be?
I haven't sold any yet. I waiting for a few more covers and waiting for collectors that don't even know they want to collect these...which I think will be in the thousands. If the artwork stays top notch this will be a sleeper hit series. The true gems will be the Prez-covers of dollars of limited mintages. That may come as early as next year.
Ren
By solving the dual problem of maintaining the US Mint Packaging and still providing a grade coupled to only a 3 cover minimum, this is HUGE!
Both benifit; the Mint buyers and the secondary collectors for the NEXT 10 years.
Now add in all the State Quarters for the past 10 years and you have a very collectable First Day of Mint Series that is a direct competitor to any First Day B.S. created by TPG marketing departments.
<< <i>This will be a home run.
By solving the dual problem of maintaining the US Mint Packaging and still providing a grade coupled to only a 3 cover minimum, this is HUGE!
Both benifit; the Mint buyers and the secondary collectors for the NEXT 10 years.
Now add in all the State Quarters for the past 10 years and you have a very collectable First Day of Mint Series that is a direct competitor to any First Day B.S. created by TPG marketing departments. >>
I have to agree wholeheartedly, but the artwork is key because the coins are truly dreadful. The next couple of covers (artwork) will show the trend. Just think how beautiful a cover album will look containing all 40+ Presidents.
Ren
For State Quarters and these Presidential Dollars, yes, it does.
The US Mint with the help of NGC has just swerved into a way to get rid of 10 years worth of FDC for the State Quarters.
In reality, this ALSO allows PCGS/NGC to provide First Strike (allow me) grading to the at least 8 years worth of State Quarters issued BEFORE FS designation was created.
Ren
<< <i>In reality, this ALSO allows PCGS/NGC to provide First Strike (allow me) grading to the at least 8 years worth of State Quarters issued BEFORE FS designation was created. >>
Maybe, maybe not. Here's the First Strike definition from the PCGS Lingo page:
<< <i>First Strike (TM)
Beginning in 2004, PCGS began designating coins delivered by the U.S. Mint in the 30 day period following the initial sales date of a new product as "First Strike". For instance, new American Silver Eagles typically go on sale each January 1st, thus any coins delivered between January 1 and January 31 qualify for the First Strike (TM) designation. >>
The GW FDCCs were delivered by the US Mint more than 30 days AFTER the initial sale of the exact same GW$s through banks. So theoretically GW$ FDCCs would NOT qualify as First Strike. Of course, the definitions on the Lingo page are subject to change
<< <i>... the artwork is key because the coins are truly dreadful. The next couple of covers (artwork) will show the trend. ... >>
Talk about buying the holder and not the coin....
LOL, whelp the next week or so will reveal a great case study about how a major market leader adapts to the changing Market demands of the customers it serves.
The source of the product they grade is stating without any doubt what the REAL definition of a First Strike is, not a trademark label's version of the facts.
<< <i>
<< <i>In reality, this ALSO allows PCGS/NGC to provide First Strike (allow me) grading to the at least 8 years worth of State Quarters issued BEFORE FS designation was created. >>
Maybe, maybe not. Here's the First Strike definition from the PCGS Lingo page:
<< <i>First Strike (TM)
Beginning in 2004, PCGS began designating coins delivered by the U.S. Mint in the 30 day period following the initial sales date of a new product as "First Strike". For instance, new American Silver Eagles typically go on sale each January 1st, thus any coins delivered between January 1 and January 31 qualify for the First Strike (TM) designation. >>
The GW FDCCs were delivered by the US Mint more than 30 days AFTER the initial sale of the exact same GW$s through banks. So theoretically GW$ FDCCs would NOT qualify as First Strike. Of course, the definitions on the Lingo page are subject to change
Which is why NGC is labeling them First Day of Mintage instead of First Strike.
<< <i>
<< <i>... the artwork is key because the coins are truly dreadful. The next couple of covers (artwork) will show the trend. ... >>
Talk about buying the holder and not the coin.... >>
Guilty as charged!
Ren
<< <i>
<< <i>
<< <i>In reality, this ALSO allows PCGS/NGC to provide First Strike (allow me) grading to the at least 8 years worth of State Quarters issued BEFORE FS designation was created. >>
Maybe, maybe not. Here's the First Strike definition from the PCGS Lingo page:
<< <i>First Strike (TM)
Beginning in 2004, PCGS began designating coins delivered by the U.S. Mint in the 30 day period following the initial sales date of a new product as "First Strike". For instance, new American Silver Eagles typically go on sale each January 1st, thus any coins delivered between January 1 and January 31 qualify for the First Strike (TM) designation. >>
The GW FDCCs were delivered by the US Mint more than 30 days AFTER the initial sale of the exact same GW$s through banks. So theoretically GW$ FDCCs would NOT qualify as First Strike. Of course, the definitions on the Lingo page are subject to change
Which is why NGC is labeling them First Day of Mintage instead of First Strike. >>
Maybe, maybe not. First Day of Mintage is a US Mint designation and much cooler than a TPG created definition.
<< <i>
<< <i>... the artwork is key because the coins are truly dreadful. The next couple of covers (artwork) will show the trend. ... >>
Talk about buying the holder and not the coin.... >>
But at least those are OGP holders
<< <i>Which is why NGC is labeling them First Day of Mintage instead of First Strike. >>
Maybe, maybe not. First Day of Mintage is a US Mint designation and much cooler than a TPG created definition. >>
I agree and a much more exclusive one at that.
But I am a stockholder, so just lump it.
There is huge problem at PCGS, i.e. it is a lack of a realistic response to the market that is changing before our eyes on this new 10 year series.
Yes, it will damage any projections made for the FDIs of the Presidential Dollars revenues, but if reaction is quick and better than NGC and that the 100 coin bulk requirement you started with, you guys can make a ton of money on this series and capture the State Quarter Covers, as well.
Charge a bit more if they are sent in as 3's and 4's!
Jeez, people will pay!
It is not that hard to change, it is just a mind-set!
Hell, I have 400 units that when they arrive will be going to NGC as of today, given current policy.
Would I prefer PCGS, all offerings being equal?
YES! Because the market always prefers PCGS with the 'all things being equal' qualification!!
But right now? The choice is very easy to make. It is a no-brainer to go NGC.
The Mint is shipping, coins are arriving and within the next week or so, lots of decisions to go NGC will be made. And stock will be sold.
<< <i>aw coinboy...talk like that will get our nice 600+ post thread nuked >>
I agree. Take that talk to Yahoo Finance.
It is a no-brainer!
Post still stands.
<< <i>This will be a home run.
By solving the dual problem of maintaining the US Mint Packaging and still providing a grade coupled to only a 3 cover minimum, this is HUGE!
Both benifit; the Mint buyers and the secondary collectors for the NEXT 10 years.
Now add in all the State Quarters for the past 10 years and you have a very collectable First Day of Mint Series that is a direct competitor to any First Day B.S. created by TPG marketing departments. >>
On the State Quarter FDCC...I've noticed that the Mint has drastically reduced the production quotas from 100,000 to the most recent (Montana) of 35,000. In addition, they lowered the cost for the entire unsold series to $14.95 from $19.95. It does not take a "Rocket Scientist" to realize why they did that...but, on the other hand ... this entire series could become a sleeper. Only time will tell. ( I for one have not collected the State Quarter FDCC's except for the most current on. But I'm tempted to purchase all the future ones, if the Mint keeps the production low. On the FDCC's< I agree with the statement "buy the cover & not the coin."
<< <i>
<< <i>This will be a home run.
By solving the dual problem of maintaining the US Mint Packaging and still providing a grade coupled to only a 3 cover minimum, this is HUGE!
Both benifit; the Mint buyers and the secondary collectors for the NEXT 10 years.
Now add in all the State Quarters for the past 10 years and you have a very collectable First Day of Mint Series that is a direct competitor to any First Day B.S. created by TPG marketing departments. >>
On the State Quarter FDCC...I've noticed that the Mint has drastically reduced the production quotas from 100,000 to the most recent (Montana) of 35,000. In addition, they lowered the cost for the entire unsold series to $14.95 from $19.95. It does not take a "Rocket Scientist" to realize why they did that...but, on the other hand ... this entire series could become a sleeper. Only time will tell. ( I for one have not collected the State Quarter FDCC's except for the most current on. But I'm tempted to purchase all the future ones, if the Mint keeps the production low. On the FDCC's< I agree with the statement "buy the cover & not the coin." >>
Once it is announced NGC WILL grade the 50 state covers as well, demand should pick. I'm tempted to grab some now too