I hope that in 20 years, FS will be seen as a gimmick from the past. If PCGS has increasing costs, I'd much rather see them build those into the grading fees rather than come up with FS designations and other fees.
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<< <i>I hope that in 20 years, FS will be seen as a gimmick from the past. If PCGS has increasing costs, I'd much rather see them build those into the grading fees rather than come up with FS designations and other fees. >>
I'm always amazed at the negativity by draconian collectors against a successful marketing tool, FS label in this case. It is a well known fact, that it has nothing to do with any first striking of coins, and I would venture to guess, that a majority of collectors know that. As an example, ask your self, "why does a national brand label normally outsell a store brand label for an identical product?" It's the Label - and the same holds true now & I suspect will hold true with the FS or Early Release labels in the future.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
I would not go First Strike on these sets since I believe they will all be shipped from the Mint within the 30-day window. The only difference will be if someone paid the fee or not. The designation is utterly meaningless for this set.
<< <i>I would not go First Strike on these sets since I believe they will all be shipped from the Mint within the 30-day window. The only difference will be if someone paid the fee or not. The designation is utterly meaningless for this set. >>
Not if you're selling. You can keep telling yourself, and others on the board can keep telling themselves, however, it boils down to what people will pay. So, I am fine if people aren't paying for FS. I don't need it, personally, but when it comes to flipping, it has continued to pay for itself and I believe will continue to do so.
<< <i>I would not go First Strike on these sets since I believe they will all be shipped from the Mint within the 30-day window. The only difference will be if someone paid the fee or not. The designation is utterly meaningless for this set. >>
Not if you're selling. You can keep telling yourself, and others on the board can keep telling themselves, however, it boils down to what people will pay. So, I am fine if people aren't paying for FS. I don't need it, personally, but when it comes to flipping, it has continued to pay for itself and I believe will continue to do so. >>
I think the premium people for FS is largely do to the fact that collectors want to keep their sets internally uniform. I am not sure the Silver Eagle coins have a high percentage of FS collectors since you cannot get older ones in FS. Therefore the premiums may not be as significant for them and at $90/set you have a higher hurdle to leap.
I totally disagree and I think your comment is totally off base. We are giving notice. The choice to submit or not is yours.
Finally, I wouldn't pay $5 to get the Mint packaging back. First of all it is far from the quality of the UHR packaging, secondly, what are you going to do with it?
Edited to add: Yes we are finding coin capsules loose in the packaging and even in some cases the coins have fallen out of the capsules. Not a great packaging job by the mint. >>
This is a bold statement, keep on raising prices in order to milk people and you might just find the hard way how esasy of a choice it is not to send them to pcgs. Just ask netflix about peoples choices.. While i do not find te fee excesive, i do think the nickle and diming needs to stop. Everytime there is something hot in the market pcgs finds a way to aquueze another penny out of people. You can only do that so long before people get tired of it. i cannot see shipping being five bucks more per box, handling is already paid for...
<< <i>It would be even "nicer" for the dealers. PCGS authorized dealers are not PCGS employees. Giving them authority to certify coins (on behalf of PCGS) as having come from a sealed mint box is not something PCGS should do and not something a collector of PCGS certified coins should be willing to accept. >>
Then that dealer cant submit FS on behalf of himself and/or other coin dealers.
"why does a national brand label normally outsell a store brand label for an identical product?"
Show me a couple national brands that are "identical" to a store brand. All the "Store Brands" I have seen are of lessor quality than the national brands, be it food, clothing, etc. The only one that I have seen that come close but I believe are still not equal are the Kirkland brand items sold by Costco.
But, as stated above, it is nothing more than a marketing tool. Remember, buy the coin, not the label.
<< <i>I would not go First Strike on these sets since I believe they will all be shipped from the Mint within the 30-day window. The only difference will be if someone paid the fee or not. The designation is utterly meaningless for this set. >>
Not if you're selling. You can keep telling yourself, and others on the board can keep telling themselves, however, it boils down to what people will pay. So, I am fine if people aren't paying for FS. I don't need it, personally, but when it comes to flipping, it has continued to pay for itself and I believe will continue to do so. >>
I think you mean buy the label to sell the label. Why look at the coin? >>
How about buy the box and sell the label? Seems like the "sealed" box policy is making a lot of box collectors. How about a nice picture of a Mint box again. Ooooh, Ahhhh.
<< <i>For me it means a coin made 70 the first time submitted.. no crackout games or gradeflation. >>
Not true. All of the in hand graded F/S eligible 69's right now can be cracked out and resubmitted before FS cutoff and some could be regraded and get a 70.
re: national VS local - i worked for a food company thay produced the same item and sold it under several different brands. this wasn't the 'plain wrap' stuff.
the reason 1 sold better than the others = marketing.
<< <i>And anyone can say this coin came out of that set. That's why PCGS requires that their employees do it.
Do collectors want anyone certifying that the bullion coin came out of the set before it was mailed to PCGS or do they prefer the peace of mind knowing that when a PCGS label says "Set" the coin was actually part of the set and not a ringer. There is a reason PCGS wants to be the one to unseal the mint box - integrity. It's why you pay more for a PCGS slab that says "Anniversary Set" than you pay for an ANACS slab that says "Anniversary Set." ANACS is accepting all five coins, unsealed, for the set label. You and I know that three of the coins can be swapped out with better looking coins that were released well before the set and in massive numbers. An ASE proof coin labeled PCGS 2011 W Anniversary Set is limited to a max of 100K. An ASE proof coin labeled ANACS 2011 W Anniversary Set is limited to over 1,000,000. The "set" label from PCGS means they certified the coin was part of the set. >>
But that integrity was compromised when I saw a PCGS employee accept submissions of sets at Santa Clara. The employee opened the mint sealed box, but the submitter was then asked to open the blue boxes and place the coin capsules into the flips. Sometimes the employee's attention was distracted while this was going on, providing an opportunity for hanky panky. The coins should have never left the employee once the box was opened.
Comments
<< <i>I hope that in 20 years, FS will be seen as a gimmick from the past. If PCGS has increasing costs, I'd much rather see them build those into the grading fees rather than come up with FS designations and other fees. >>
I'm always amazed at the negativity by draconian collectors against a successful marketing tool, FS label in this case. It is a well known fact, that it has nothing to do with any first striking of coins, and I would venture to guess, that a majority of collectors know that. As an example, ask your self, "why does a national brand label normally outsell a store brand label for an identical product?" It's the Label - and the same holds true now & I suspect will hold true with the FS or Early Release labels in the future.
<< <i>I would not go First Strike on these sets since I believe they will all be shipped from the Mint within the 30-day window. The only difference will be if someone paid the fee or not. The designation is utterly meaningless for this set. >>
Not if you're selling. You can keep telling yourself, and others on the board can keep telling themselves, however, it boils down to what people will pay.
So, I am fine if people aren't paying for FS. I don't need it, personally, but when it comes to flipping, it has continued to pay for itself and I believe will continue to do so.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>
<< <i>I would not go First Strike on these sets since I believe they will all be shipped from the Mint within the 30-day window. The only difference will be if someone paid the fee or not. The designation is utterly meaningless for this set. >>
Not if you're selling. You can keep telling yourself, and others on the board can keep telling themselves, however, it boils down to what people will pay.
So, I am fine if people aren't paying for FS. I don't need it, personally, but when it comes to flipping, it has continued to pay for itself and I believe will continue to do so. >>
I think the premium people for FS is largely do to the fact that collectors want to keep their sets internally uniform. I am not sure the Silver Eagle coins have a high percentage of FS collectors since you cannot get older ones in FS. Therefore the premiums may not be as significant for them and at $90/set you have a higher hurdle to leap.
<< <i>
I totally disagree and I think your comment is totally off base. We are giving notice. The choice to submit or not is yours.
Finally, I wouldn't pay $5 to get the Mint packaging back. First of all it is far from the quality of the UHR packaging, secondly, what are you going to do with it?
Edited to add: Yes we are finding coin capsules loose in the packaging and even in some cases the coins have fallen out of the capsules. Not a great packaging job by the mint. >>
This is a bold statement, keep on raising prices in order to milk people and you might just find the hard way how esasy of a choice it is not to send them to pcgs. Just ask netflix about peoples choices.. While i do not find te fee excesive, i do think the nickle and diming needs to stop. Everytime there is something hot in the market pcgs finds a way to aquueze another penny out of people. You can only do that so long before people get tired of it. i cannot see shipping being five bucks more per box, handling is already paid for...
<< <i>It would be even "nicer" for the dealers. PCGS authorized dealers are not PCGS employees. Giving them authority to certify coins (on behalf of PCGS) as having come from a sealed mint box is not something PCGS should do and not something a collector of PCGS certified coins should be willing to accept. >>
Then that dealer cant submit FS on behalf of himself and/or other coin dealers.
There has to be a better way.
Show me a couple national brands that are "identical" to a store brand. All the "Store Brands" I have seen are of lessor quality than the national brands, be it food, clothing, etc. The only one that I have seen that come close but I believe are still not equal are the Kirkland brand items sold by Costco.
But, as stated above, it is nothing more than a marketing tool. Remember, buy the coin, not the label.
<< <i>
<< <i>I would not go First Strike on these sets since I believe they will all be shipped from the Mint within the 30-day window. The only difference will be if someone paid the fee or not. The designation is utterly meaningless for this set. >>
Not if you're selling. You can keep telling yourself, and others on the board can keep telling themselves, however, it boils down to what people will pay.
So, I am fine if people aren't paying for FS. I don't need it, personally, but when it comes to flipping, it has continued to pay for itself and I believe will continue to do so. >>
Go FS and win one for the flipper.
<< <i> "Remember, buy the coin, not the label. >>
Or, buy the coin, sell the label.
No Way Out: Stimulus and Money Printing Are the Only Path Left
<< <i>
<< <i> "Remember, buy the coin, not the label. >>
Or, buy the coin, sell the label. >>
I think you mean buy the label to sell the label. Why look at the coin?
<< <i>
<< <i>
<< <i> "Remember, buy the coin, not the label. >>
Or, buy the coin, sell the label. >>
I think you mean buy the label to sell the label. Why look at the coin? >>
How about buy the box and sell the label? Seems like the "sealed" box policy is making a lot of box collectors. How about a nice picture of a Mint box again. Ooooh, Ahhhh.
<< <i>For me it means a coin made 70 the first time submitted.. no crackout games or gradeflation. >>
Not true. All of the in hand graded F/S eligible 69's right now can be cracked out and resubmitted before FS cutoff and some could be regraded and get a 70.
Edited to add: I'm speaking of all S mm and RP's.
this wasn't the 'plain wrap' stuff.
the reason 1 sold better than the others = marketing.
<< <i>And anyone can say this coin came out of that set. That's why PCGS requires that their employees do it.
Do collectors want anyone certifying that the bullion coin came out of the set before it was mailed to PCGS or do they prefer the peace of mind knowing that when a PCGS label says "Set" the coin was actually part of the set and not a ringer. There is a reason PCGS wants to be the one to unseal the mint box - integrity. It's why you pay more for a PCGS slab that says "Anniversary Set" than you pay for an ANACS slab that says "Anniversary Set." ANACS is accepting all five coins, unsealed, for the set label. You and I know that three of the coins can be swapped out with better looking coins that were released well before the set and in massive numbers. An ASE proof coin labeled PCGS 2011 W Anniversary Set is limited to a max of 100K. An ASE proof coin labeled ANACS 2011 W Anniversary Set is limited to over 1,000,000. The "set" label from PCGS means they certified the coin was part of the set. >>
But that integrity was compromised when I saw a PCGS employee accept submissions of sets at Santa Clara. The employee opened the mint sealed box, but the submitter was then asked to open the blue boxes and place the coin capsules into the flips. Sometimes the employee's attention was distracted while this was going on, providing an opportunity for hanky panky. The coins should have never left the employee once the box was opened.