Today I received my second double eagle. The first one was received on March with a mailing/packing slip of March 11, 2009. Been new in this hobby, I was not aware of the "early releases" nor the "first date..." This week I will be sending the coins for grading, but how can I request "early out designation"? I was told that since 30 days after receiving the coin had gone by the coins are not candidate for the designation... Is there a waiver, something that can be done? I have the original shipping box, the emails at time of ordering the coin, the packing slip, the charges on the credit card (statement), invoices, and more. It is a shame to loose that designation when in fact I have all of the supporting documents showing it as an "early out coin." What is the deal with this matter? It is like if they, grading companies, would not grade a 50 year old coin because of an "expiration validity date" on the box. I do not understand when does a grade 70 early release is better than a regular grade 70! But the monetary $$$ factor is in issue here. Please advice! Thanks, Leoq. Thanks again, Leoq.
Here is a good article that may explain the process with rolls. but it works with any unopened box from the mint. http://news.coinupdate.com/how-to-make-your-own-first-day-coin-products/
Perhaps I am just to old as this appears to be going to extremes for me. I would say "so what." Unless there are hundreds of collectors into this type of thing, I don't see the value down the line. This just appears to be a current fad.
There really isn't any value difference at all. It was just a marketing ploy by the TPGs a while back and some people really bought into it. But, for the most part...the majority of collectors don't care.
If you opened the box to look at your prize I'm affraid you are out of luck. The Early Release or First Strike labels look nice but for this one I don't think it makes a big difference in value.
Yes many people collect the first strike label and are willing to pay a premium. This is true or at least has been true for some series and not for others. I'm thinking Proof Gold buffalos come to mind.
I have never noticed much of a price difference, but then again I don't care what the label says so maybe I have unknowingly avoided those.
For awhile I collected these but recently sold them as I wanted to focus on my Classic Head collectoin. I had to buy a couple that I did not get from the mint and could not for the life of me get one for the same price as a non first strike. When I went to sell all the First strike labeled buffalo's sold for 5-20% more than the non first strike.
Yes, there is a monetary price difference... But it is the fact of not getting the designation. I am not going to sale them (for now) but would be nice to have all the extras in case they make , in hte futre a difference. I have also a Buffalo (1/4 oz) that deserves the designation. Such is life...
Dealers at the recent ANA show were paying a 5% premium for what people were buying direct from the mint right at the same show. So you can still do that.
I am telling you that there are quite a few coin dealers out there who will pay 5% more for the coins than you paid for them. They are doing this because they can only buy 10 and they want lots of them for promotions. The mint had a booth at the ANA show in LA and they sold approx 2500 of the coins there at the show. A large percentage of those coins were sold to dealers at that show for a 5% premium.
