Okay this requires explaination

Discussion in 'Coin Chat' started by kaosleeroy108, Jul 16, 2020.

  1. Collecting Nut

    Collecting Nut Borderline Hoarder

    Just something new to promote sales.
     
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  3. Robert Ransom

    Robert Ransom Well-Known Member

    Next it will be "First Restrike" followed by "Second Restrike"...
     
  4. Conder101

    Conder101 Numismatist

    Green monster boxes don't have postmarks, they have packing slips which I believe are inside the sealed box. Other mint products will have postmarks, but they will not be dated before the release date. If it is postmarked on the first day of issue, you might qualify for an "Early Production" label, but I have a feeling this is more aimed at the silver eagles.
     
    Kentucky likes this.
  5. John Burgess

    John Burgess Well-Known Member

    It's a gimmick. If you cracked a coin out of the slab you wouldn't get the label again so this should tell you it's got nothing to do with the coin really and not worth the premium

    As it stands the American Silver Eagles are bullion coins and only worth their melt value really if you sold it regardress if it's slabbed or not unless you find a sucker. But a dealer is paying melt for it and don't care about the slab. If they are lower mintage maybe it's worth a bit above melt, that's about it.

    They do this all the time really always looking for a way to make a new label that people will buy and try to market a couple extra dollars out of it. All just marketing gimmicks you won't necessarily get you money back out of if you bought them and wanted to sell it later. ASE's SHOULD be MS69 or 70 unless mishandled. The earlier dates from the 80s and early 90s might be worth it for a collector for the premium. But still they are bullion coins not meant to be circulated, just put away for periods of time and then change hands.

    I'm sure there are opposing opinions and "what about this scenario?" There are exceptions I'm sure.
    My rule of thumb is if you cracked it out of the slab could you tell? and if you resubmitted it and won't get the same attribution on a new label then it's not worth whatever the cost additional is and it's a marketing gimmick.
     
  6. UncleScroge

    UncleScroge Well-Known Member

    When I get rolls of coins from the Mint they always have a date and time stamped on the end of the box they're packaged in. I would assume that this date and time is when the roll was packaged into the box. Therefore, the roll of coins had to be produced prior to the time that it was packaged. If the box hasn't been opened, then the date and time stamp might be a very good indication of an 'early release' if that's something you're in to. I'm not because it doesn't change the value of the coins one bit!
     
  7. baseball21

    baseball21 Well-Known Member

    That's really not true and there's a very long very established market that shows otherwise on the graded ones. It's perfectly fine if someone wants to ignore that market and just get the raw bullion ones, but denying the existence of the market is inaccurate
     
    markr likes this.
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