I really am ammazed how valuable a first strike tag can be!

coolest · August 20, 2011 9:17AM

http://www.ebay.com/itm/2008-W-Platinum-Eagle-50-PCGS-PR70-FS-1-2oz-POP-24-/280722469585?pt=LH_DefaultDomain_0&hash=item415c5cf2d1

over $4000 for this coin when the same coin can be found (no FS) for sale with BIN price of $2700 and it just sits on the shelf I just dont get it?

RB1026 · August 20, 2011 9:26AM

Proof yet again that "perception IS reality".

I'm in the camp of WHO CARES about a cert label but the market continues to mock me. I wonder how the LONG term will play out on this kind of thing (10+ years out from now). If it makes you feel better, I don't get it either and think those that pay huge premiums for FS are making a mistake. To date.....the polls say I am losing that wager. Doesn't mean we're wrong. Just means in the short term the fad goes the other way.

MarkInDavis · August 20, 2011 9:35AM

There is no explaining stupid.

LanLord · August 20, 2011 9:47AM

Yeah, I'm not sure that being a "first strike" means ANYTHING toward how well the coin looks in hand. It makes little sense to me, but apparently someone is willing to pay more for it.

19Lyds · August 20, 2011 9:49AM

Proof yet again that "some folks are simply committed to collecting First Strike Slabs" for whatever reason they want.

OPA · August 20, 2011 10:18AM

<< <i>Proof yet again that "some folks are simply committed to collecting First Strike Slabs" for whatever reason they want. >>

I believe, that a majority of modern coin collectors, even though the majority know that label is meaningless as to the coin condition or production, prefer that label over a non fs labels and will pay a premium to obtain it. In comparison, some collectors will pay a premium for coins in certain older slabs, sample slabs, TPG's or minor irrelevant mint errors.

Just check out the completed sales for FS UHR's compared to the non FS UHR's to get a feel.

notwilight · August 20, 2011 10:52AM

Premiums for first strike are real, no matter how much bashing they get here. I have a lot of customers who are willing to pay the premium. And if you look at price trends over the past few years, they have done better with First Strikes in most cases than with Blue Labels.

I am currently shopping for some first strike gold proof fractionals. if you have any to offer please contact me.

--Jerry

Overdate · August 20, 2011 11:28AM

Only the MS or proof 70 First Strikes get the big bucks, so the high price is probably related to registry set competition. The 69's and below carry little or no premium.

OPA · August 20, 2011 12:03PM

<< <i>Only the MS or proof 70 First Strikes get the big bucks, so the high price is probably related to registry set competition. The 69's and below carry little or no premium. >>

Not to sure about your theory about registry competition. None of my FS 70's are in any registry competition and I would guess, I'm not alone.

itsnotjustme · August 21, 2011 12:16AM

Same applies to doilies.....no effect on coin.

DCW · August 21, 2011 12:38AM

The older labels (doilies, OGH, etc.) bring premiums on the assumption that the coin was graded under a period of tighter standards. It can also show that a copper coin has not changed color in its holder in "x" amount of time.
The first strike label baffles me. It has already been established that the coins aren't of an early die state, just shipped within the first 30days. All you need is the $20 and you can slab any mint product "First Strike."
Why would the shipping date be important to anyone if there is no way to distinguish this coin (out of the holder) to any other?
Would anyone pay the $ to imprint only the shipping date on the label, without the American flag/First Strike nonsense?

ricko · August 21, 2011 12:44AM

There appears to be no rational explanation for the interest in 'first strike' labels. We know what it means, but obviously it adds 'sizzle'. And you know what I think of sizzle without the steak. Cheers, RickO

RedTiger · August 21, 2011 12:44AM

This topic comes up every once in a while. FS means graded once. Now that a book is out saying if you submit a 69 five times you are likely to get a 70, the premiums for FS will likely expand, because the supply of other 70s is going to go up for any coin with a big gap in value. Supply of FS70s will not go up. Capiche?

The same would apply to classic coins, if there were a designation that almost certainly meant that a coin was graded once and only once, those coins would almost certainly trade at a premium to those without the designation. FS is a tired topic. If someone wants to pay more for graded once coins, more power to them, it makes clear common sense to me.

CertifiedGoldCoins · August 21, 2011 1:48AM

<< <i>"Supply of FS70s will not go up." >>

Combine that with what motivates many collectors: the competitive desire to own something better than the next guy, which is why MS/PR 70's often go for much more than 69's, even though no difference is readily discernible.

johnny9434 · August 21, 2011 4:29AM

<< <i>There is no explaining stupid. >>

stupid should be painful at times

I really am ammazed how valuable a first strike tag can be!

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