National Geographic

National Geographic this month has an add with the letters

NGC
Certified

across the top in bold big letters. Its from a company called 1st national Reserve Ltd and they are selling NGC certified 2006 Eagles marked First Strike. I thought this was bogus but it looks real and they are charging only $10.70 per coin. Does anyone know this company or what a NGC first strike is because generally "First Strikes" go for a bit more that 11 bucks.

Ruben

 

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Well that same company is selling 2006 first strike NGC MS69's for $24.95 so I would imagine a lesser grade could go that cheap and the dealer could make a buck or two..especially if the S&H is above $5.This might be one of those NGC certified but not graded deals.
They are also selling raw UNC for $11.69 so it must be a one shot promotional thing.

 

Do you have a URL for them? What is it with the first strike designation. Doesn't that imply the strikes are great and coins struck when the dies are new?

Ruben

 

It actually appears to be a conglomeration of several dealers under one banner.Here is the main site:
http://www.quicksilvercustom.com/1st-national-reserve-gold-and-silver-coins.html
I can't re-locate the link I clicked to find this info on..it appears the site changes by the hour..hmmm

 

There is an advertisement in the February issue of American Rifleman by the First Fidelity Reserve.

1 oz. $1 Silver Eagle for $10.65 plus shipping. In December 2005, the price was $8.85 plus shipping.

They call them "Early Strike".

What are these gold-plated silver dollars all about? $60 per coin, with 1/10th oz of 22k gold on 1 oz of .999 silver. In December 2005 they were $52 each. They are certainly pretty, but are they coins or medals?

 

Interesting. Can you tell me which issue exactly and roughly what page number?

 

That's funny, the January Field&Stream had NGC certified First Strike ASE's for $10.60 plus $3.25 S&H with prices subject to change. Gold 1/10 ounce 2006 were $55.

This company was called Fidelity something, but considering all the ads are the same, except for name, it's probably the same people.

 

Well, I picked up 5 of the 2006 NGC silver eagles because at 10.60 each and $10.00 shipping it seems to be a pretty decent deal and anything about the first strike is gravey. They seemed mostly interested in selling me other Quarter Eagle Indians and Liberty Indian Golds of various denomination. It looks to me as if they are just hustling for a dollar, all on the up and up. (but who knows).

Ruben

 

The first strike definition means that the coin was shipped from the mint's distibution warehouse during January or February of the year. I actually has NOTHING to do with the condition or newness of the die used to strike the coins.

 

ANACS is now doing First Strike....

Speedy

 

Ya know GDJMSP.....I would agree.
The first time I talked to Mr Taylor he was really nice and willing to help with any questions I had.....but the last time it was like....oh boy....just another person....when will he be done.
I got the point after just about 3 min that he really didn't want to talk to me---so I didn't stay on too long.

I think the changes are trying to get ANACS up there with PCGS and NGC....IMHO they were before they changed....now they are going the other way it seems.

The one big mess-up they did is putting problem coins in the old slabs....that is will mess up tons of new collectors and hurt the hobby IMHO.

Speedy

 

What is wrong with slabbing most problem coins?

Ruben

 

I finally found another dealer in our area here in NC, seems to be a decent guy. Usually will have time to talk coins with anyone as long as a comic shipment didnt come in that day. He quit sellign ANACS recently becuase fo the changes that had occurred. He said NGC, but maybe in some cases PCGS, but he isnt happy about al ot of their stuff that he had seen. Maybe I'll let him laugh at the Gallery Coind Collection slabs I found lol

 

Nothing.....the only thing is that they have new holders....they will only slab non-problem coins in the new holders....if it has a problem it goes in a old holder....now when someone new comes into coins they will say...old white holder means cleaned....now all of these GOOD coins in old holders aren't cleaned but it will take some time for them to know that so they are going to be passing up alot of good coins just because ANACS made a bad move.

Speedy

 

And I think the reason the coins in the old slabs will sell for less is because the dealers will have a harder time finding buyers for them....so they will mark them down.

I know that I'm going to be looking for more older ANACS slabs than newer ones....I've looked on ebay and as you posted above.....some look just plan bad....overgraded.

Speedy

 

ICG grading service is trying to rise in the market with ngc and pcgs: Would I buy a MS66 to to MS68 morgan dollar from their service at the same price as same graded ngc or pcgs? NOT1