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2009 Lincoln 2 roll set formative question
steamer
Posts: 133
Can any tell me when the mint started to package the 2 roll set and what the earliest dates and time would be on the first packaged sets.I just recived my sets yesterday and the date was 4/17 and the time was 9:38 and 9:39 The earliest I have seen on Ebay has been 4/20 Just wondering and does the date and time really mean anything for FDI or first strike
B. I.
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<< <i>time was 9:38 and 9:39 >>
Your lucky that was in the early shift.I hear them mint workers get mustard and mayo on them in the afternoon shifts...
<< <i>Can any tell me when the mint started to package the 2 roll set and what the earliest dates and time would be on the first packaged sets.I just recived my sets yesterday and the date was 4/17 and the time was 9:38 and 9:39 The earliest I have seen on Ebay has been 4/20 Just wondering and does the date and time really mean anything for FDI or first strike >>
In short, no. The U.S. Mint put this myth to rest several years ago when it was brought to their attention that collectors and dealers alike erroneously assumed the dates on the boxes somehow reflected when the coins were struck. These two activities (striking the coins and then rolling and boxing them) are completely, I repeat COMPLETELY unrelated.
Common sense and a few basic facts dictate:
1) New pennies, like all U.S. coins, are struck into huge bins that sit just below the presses. Coins by the tens of thousands roll down chutes for hours and days on end into these bins. These new coins are then bagged and stored. Later on (and this could be weeks later), the coins are shipped to a third party contracted by the Mint who then rolls and boxes them because the Mint does not have the facilities to perform these activities. This procedure has been explained many times in articles published by the various coin magazines.
2) Now, you tell me. Given the timeline of how coins are minted, how in the world could anyone draw a relationship between when a penny is struck and the date/time stamped on a box for a 2-roll set? Anyone who buys into such nonsense is a "fool and his money soon parts."
Suppose the mint has an unlimited supply to sell the first day........
If the mint had sales locations in every wal mart, they may sell out the first day, but instead they go with what is humanly possible to sell the first day online or by phone or at a local gathering in KY or elsewhere.
Just a gimmick, IMO. For some reason (money) PCGS doesn't like to pull the plug on something they have already made a decision on, so they keep it alive. It truly IS possible to sell out an issue in one day........making all those coins FDI. So what?
<< <i>Can any tell me when the mint started to package the 2 roll set and what the earliest dates and time would be on the first packaged sets.I just recived my sets yesterday and the date was 4/17 and the time was 9:38 and 9:39 The earliest I have seen on Ebay has been 4/20 Just wondering and does the date and time really mean anything for FDI or first strike >>
PCGS doesn't grade the cents as First Strike, nor do they issue First Day of Issue labels to members. It's dealers only for the FDoI label.