HSN and ANACS??

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Actually, Pharmacists don't work like that and neither do Rabbi's and possibly school teachers. The last 2 are callings. For Pharmacists its just an unhealthy emotional disorder.

 

The first few coins struck from new dies are often proof-like with very sharp details. These coins are called "first strike" coins. The dies quickly wear so only the first few coins struck by the dies will have the characteristics of "first strike" coins.

New dies are not put into use only on the first day a coin series goes into production. As dies wear out or become damaged new dies are put into use. The first coins struck from those new dies may have "first strike" characteristics even though they were struck months into production of that coin series.

The "First Strike" phenomenon with the grading services preyed on the ignorance of the general population that does not understand the definition of "first strike" and would believe that any coin struck on the first day of production would be among the "first strikes". After being shamed by the coin collecting community I guess the grading services changed their designation to "First Day Of Issue", a mostly meaningless term to knowledgeable coin collectors.

"First Strike" and "First Day Of Issue" are pure hype and salesmanship.

 

no apology is needed...it's hard to read the thoughts of those on the other end of the connection.


the point i was trying to make [and, should have made more clear] was; in comparison to the number of customers served/coins graded over a period time, there are only a handful of entities that provide the service.

and the available openings for ''professional graders'' at these firms is finite/limited...this may explain the ''musical chairs'' effect of graders moving from tpg to tpg.

or why many ''professional graders'' also move to and from or work for auction houses or high volume/high end b and m's [catalogers or buyers].

the latter could also be a stepping stone or catapult one into a position with a tpg.

 

while i completely agree with "First Strike" and "First Day Of Issue" are pure hype and salesmanship.

i would/could accept a premium on a ''first strike'' that is truly the first strike. if the coin could be accurately documented as the ''ceremonial first strike'' pulled off the press, then holdered.

in this case there would be only one ''first strike'' piece for each set of new dies at each mint.

but, it's absurd to think that an arbitrary time period is used to designate ''first strike''...it's laughable how tpgs use shipping dates on mint packages/shipping data to decide ''cut-offs'' for ''first strike'' designation.

 

Have to agree with you CBDs, recently there's been a myriad of (head shaking) marketing ploys utilized by the various TPGs over the past few years. They aren't stupid, but at times, the buyers....

I just chuckle, when seeing or hearing about newly discovered HOARDS (Wells Fargo, Omaha, New Orleans, etc.) of rare/mint state/S-mint marked coins coming to light. One aspect which is telling when these announcements are made is that only one TPG is initally offering the discovered/found product.

Collect for Fun/Party On...
Ben

 

Look at what the Omaha Bank Hoard did to the pops !!!! Perceived or not, that p'd a whole lot of people off, I had one guy email me on an auction saying he would never buy an OBH coin, they set his value back on his collection of Roosy's quite a bit. I guess thats only if your pop chaser or registry builder.

 

Come on Jack, you are keen to advertising techniques/motives... Why not just call it an MS-62/64 1956-D Nickel? Why add the HOARD title? @Well, HOARDS draw the inquisitive, and the 'keep up with the Jones' type...' BTW, there NEVER was an (Omaha Bank) in Omaha...

 

Dont get me wrong, I agree, but , there were some high end stuff ( perceived?) in them bags. Also the preffered treatment when submitting .......(shhhhhhh, it does not happen, right?)


Look at all the junk Binion dollars out there, selling WAY over value just because it says Binion, ahhhh , the lore of the west

I have several of the NGC Morgan " Battle Creeks ", they are all high end toners with stars, I would have bought them just as quick without the BC designation, they are just plain ol perty dollars

Like I said, it's pop chasers and registry guys

 

What Bags? There never were any BAGS...

Tomorrow Night you can go to Deadwood, SD an get all the Silver Dollars (w/o dates) you can win/carry home. Silver Dollar night 31 DEC 2007...

Never heard of them...

Just messing with ya...

Ben

 

Is it a pre sale I thought the 2008 would not be sold to major dealers till Jan 3 2008 ?

THE OTHER BRUCE.

 

Just messing with ya...

 

Maybe the big question is whether there will be a way to distinguish original ANACS holders from the new ones that they will be spinning out from Colorado......

 

It was a 2007 coin in a 2008 slab. This was for demonstration purposes since these coins are pretty close. One has and 07 and the other has an 08. Anyhow the tall guy said he wanted to make this perfectly clear since he did not want to deceive anyone.

 

This might be splitting hairs but PCGS and NGC used "First Strike" which is impossible to verify even if purchased on the day of issue. ANACS is using "First Day of Issue" which can be verified I guess but what difference it makes other than a marketing gimmick I don't know.

 

I've always had a problem with "First Strike"/"First Day of Issue"/"First such-and-such" designations. I would never even consider buying one unless it was a really nice coin and, most importantly, could be had for the same price as a non "First." I certainly would not pay a premium for it. Obviously other collectors disagree or there would be no demand.

By participating in such "schemes" the 3rd party graders did little more than lower their reputations amongst those collectors not already put off by slabs. Futhermore, there are lots of numismatists who want nothing to do with "professional" graders, and this whole "First" business serves to validate their conceptions that TPGs are more in it for the money than anything else. Is that wrong? I guess that depends upon your perception. Profit motives aside, my belief as a collector is that NGC, PCGS, ANACS and others should be held to the highest of high standards because they bill themselves as the true professionals of our hobby. As such, they should be taken to task when necessary.

As has been noted in prior posts there is really no way to verify wheteher or not something is truly a First Strike. There's the rub. Yeah, the holder says it is but, for example, I'm sure we've all seen coins in holders that had been assigned a grade that we questioned. The collector is free to disagree with an assigned grade, and he can make up his own mind if he has the coin in hand. A "First" designation can not be debated because there is no way to prove/disprove it.

 

The number one rule in business is -- protect the brand. Whenever a TPG does anything to boost current profits at the expense of the perception of the serious collector, they threaten the long term viability of the business. The numismatic industry is not blessed with an abundance of business smarts at many levels.

 

Thank you for your reply I thought as much just did not see it in any of the post thanks again.

THE OTHER BRUCE.

 

Doug, you're spot on, "Great Post." Team, please don't associate Me with We...