1St Strikes 25-50yrs later????

who told you that, has nothing to do with when coins were struck, this is a bulk program, you could buy 2010 coins, send in 100 of them, now they will put on first strike, and so on, again, has nothing to do when coins were struck

 

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I thought PCGS/NGC would only put an FS label on coins received within the first 30 days of production or when documentation is provided that the coin was actually bought/shipped from the US mint in the first month. Correct me (& the Wikipedia entry for FS) if that's not true.

 

thats true, sorry my mistake

 

heres the guide lines, for pcgs http://www.pcgs.com/firststrike/

 

No problem, we all agree anyways that it's a marketing gimmick ;-)
Excellent link, thx for posting.

 

Ya label seam too be a sales game for Tpg
Hall of fame set seam too have a big list of labels using baseball players now signed

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productivity lol

 

This is kinda true in that Collectors Club Members can submit individual coins for First Strike™ Slab Labels as long as they are submitted within the 30 Days window.

The BULK Submission program works a little differently.

A Bulk Buyer can buy 10 sealed monster boxes of what ever. For Silver Eagles, there is a "dated" inspection slip in EVERY Green Monster Box. When the date on that slip falls within or before the 30 First Strike™ window, then each coin in the box qualifies for the First Strike™ slab label.

Something else to note: The Bulk Submission program has a maximum of 200 coins which can be submitted on one order. If a green Monster Box contains 500 coins, what happens to the extra 300 coins??

Simple. PCGS Stores them in their vault for a later submission!

They do this with Presidential First Day of Issue Dollars and they do this with any coin which can be submitted for the First Strike Program which was created in 2005.

 

They problem is that a great many of the "first strike" coins are actually from the middle or even the end of the dies production run. Die life especially on proofs, commems and ASE's tends to be very short. Die life on proofs is less than 5,000 coins. MS commems and ASE's maybe 100K. that would mean that for the MS commems or ASE's the die life is about 54 hours of production or about 4 days (assuming a 30 coin per minute coining rate. So an ASE struck during the first 10 minutes of the dies life is a "first strike" and is sharp and well struck. One from the same die 4 days and 53 production hours later, right before the die is retired, is also a "first strike"

No, within the first 30 days of RELEASE or availability (Or in the case of ASE's with packing dates in the unopened monster box that were before the 30th day). the coins may have been struck long before that time. Back in 2006 when the First Strike first took off big, packing dates in monster boxes showed that the 2006 ASE's had been struck as early as Sept 2005, so the first five months of production all qualified for "First Strike" Designation.

 

Ngc also has a few 1987 +1990 before the red label was stopped . If sealed and tape/list date is 30days first strikes can be a opposition .

 

How long before the mint makes varieties on purpose to increase sales.
" Each mint roll of coins contain 1 or more un-struck planchet, off-center, or strike through. " , "One out of every 5,000 rolls include coin struck in wrong metal".

Shades of childhood bubble gum cards to come.

 

It's all about money .
Sale !

 

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One more of the three I own.


but my number is 014

 

im waiting to see "FIRST STRIKE-DIE SET #2" ..

 

It annoys me to some degree that there's enough people that buy into this gimmick to make it worth what it is (at least until the fad dies out lol) but well, it's their money. I'm not spending any money on these (at least not a penny more than what it would otherwise be worth without the "first strike" nonsense). "First strike" just doesn't really mean anything. Even if first strikes could be better, the grade on the slab would already indicate that. Answer this: is a MS69 first strike better than an MS69 that's not a first strike? Can you even tell the difference? I strongly doubt anyone can. If you can't tell it's a first strike by just looking at the coin, then it being a first strike is completely meaningless.

 

This sums it up for me.

 

Old baseball player are signing
the Hall of fame set. I guess everyone get into the label game.

 

Better question is a MS-69 first strike from one of the last pieces from that die pair, better than a MS-69 non first strike from a brand new pair of dies?

 

I hear ya!
I am sure that if their is a premium 40-50years. Down the road I won't see it at my age.