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

Will first strikes be lost or a gain?
Why buy them?
Lets here some good reason why to buy or have that detail?

 

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Lost. It wouldn't be your first coin that you find behind your desk ;-)

 

I think that since they are all mostly graded MS69 or MS70, this will help distinguish them some in the future. May almost be like having a variety attribution like old coins have, since new coins are all pretty much the same. That's my best guess.

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A Bust 1/2 must be an Overton R3/R4 or higher to bring a premium. E.g. the 1907 Bearded goddess comes to my mind now.

So with moderns, I don't think FS vs. regular issue will make a big difference. Nothing to get excited about. That's only me, there may be other opinions

 

25-50 years later there's probably a good chance that nobody will even know what "first strike" is supposed to mean, much less care about it. Heck, I already don't care about it now; there's no proof that first strikes are any better than any of the thousands that came after. All that matters is the condition of the specific coin.

I wouldn't advise paying any extra for a "first strike" than that same coin would otherwise be worth, absent such a designation. Because out of the plastic, there's no way to tell. We're supposed to be collecting coins, not slabbing gimmicks lol...

 

I wouldn't pay more as the strikes on these coins are all great anyways . How many coins do they get out of one pair of dies anyways . Remember these are proof coins anyways , struck under higher pressure and more than once . I bet 99.9% of collectors if shown a P-69 with a 1st strike or one without couldn't tell the difference . IMHO

 

You make that sound like 50 years is ages. People will definitely still know what the first strike thing is. Will it be thought of as a gimmick?.. probably.. but c'mon you think in 25 years we'll all be dead and it'll be a mystery what this strange "first strike" label will mean, like its in hieroglyphics or something?

 

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any NCLT is just bullion to me unless it's mintage is less than say 50-100 thousand or less.

 

Provided PCGS and NGC are still around in 25-50 years, I seriously doubt that First Strike™ and Early Release will hold any premiums at all.

They are, after all, simply a marketing fad that is bolstered by past prices and registry sets. Take away the registry sets, explain the incredulity of an MS/PF70 coin for its real value (i.e. not perfect but as struck) with a solid understanding that the only accurate label is the Early Release and you're left with a nice looking bullion piece.

Absolutely NOBODY can guarantee that PCGS or NGC will be around since all it takes is one or two public screw ups to get the ball rolling which would seriously eat away at credibility. Just look at how quickly Accugrade fell apart with the right folks posting substantiated claims.

 

If all coins produce in the first month were slabbed and labeled First Strike, then maybe this designation would actually mean something. As it stands, it is just a gimmick to get people to pay more money on the belief that these coins are better. The label collectors love them but this infatuation will likely pass over time.

 

Theses bulk programs, (100 coin min.) are for the dealers, to rip everyone off, they wouldn't even grade, what a base grade coin would, not even close

 

I think they'll be "interesting" in the future in the same sort of way that slab samples are. Some people will seek them out, but I don't think the popularity and relative price will be what they are today.

 

IMO, its a sales gimmick by the TPG'ers to create a larger variety of product and charge a higher premium and 50 yrs from now there will still be FS/ER labels among others as new consumers enter the market and continue to buy the label and not the coin, the market will be flooded with these labels but i think these coins will still always carry a premium because there will always be people who buy them for the label...

 

I agree in the past two to four years their a label running out the ying yang.

 

It was an exaggeration for the sake of humor and to emphasize a point lol... wasn't meant to be taken literally. Sorry if that wasn't clear. Sarcasm doesn't work well in written form lol... the downside to message boards as opposed to spoken communication is that tone doesn't come across. I suppose I could use emoticons to help matters, but I just don't like them and refuse to use them. Maybe I'm just old-fashioned that way.

 

You're description sounds really, really stupid but it's the ABSOLUTE Truth.
Folks still believe that these coins were the first off the press and they are willing to fork over serious money.

 

In theory, First Strike (in general) should bring a premium, since earlier strike --> better details/less erosion. After all, that's why we have FH, FSB, etc. to designate such coins, and which bring heavy premiums today. The only problem is that nowadays the quality is so high (production wise; not design wise lol) that there is minimal erosion of the dies on modern strikes. So I would think that today's "First Strike" designation does nothing other than to create an arbitrary (and therefore subjective) belief that the coin encapsulated somehow exceeds other coins' quality.

 

And therein lies the reality.

First Strike only exists in the TPG's mind. They've qualified it with their get out of jail free card and as such, the bullpoop is allowed to prosper!

 

I am waiting for the David Hasselhoff signed slabs *LOL*