Some good info from the US Mint on so called First Strike coins. Seems to me it's just a selling ploy to gain a small premium over regular graded coins!! http://www.usmint.gov/consumer/?action=firststrike
Now, now - too early to start getting sarcastic!! At least wait till later in the afternoon before ya start cracking them open!!
Yep, First Strike and Early Releases is as big a joke as a pound of pre-82 copper cents being worth the Grade A copper price. Chris
WHAT???? Coin Vault says they are a great investment!! They even gaurantee that you will absolutely sell them for less than what you paid!!
Yet the Mint helped perpetrate the Kennedy Gold "first coin" fraud at the big show on release day. Rob
Oh great, now I suppose you are going to be telling us there is no Easter Bunny and no Santa Claus either. What a buzzkill you are, Markus! I mean, it's not like some of us on here have been preaching the same thing for years. Now, if we can just get people to stop wasting their money paying premiums for graded modern bullion.... Anyway, here is our life lesson for today from the movie "Hero" starring Dustin Hoffman:
Anybody who knows anything about coins has always known this. From the very first day that one of the TPGs came up with this designation on a slab, they have known it. It was even written about on this very forum within days of its first occurrence.
The real first strike is often the coin held by an official, "pol," overpaid bureaucrat, some so-and-so high functionary, dignitary or whatever usually in a gloved hand for a photo-op, published in Coin World, Numismatic News, The Numismatist or another hobby publication. I am usually not cynical about coin collecting, but these special certification labels are right there with the whole certification slab frenzy itself. I buy the coin and not the holder.
As has been said since they first appeared back in 2005. And this information from the mint isn't new either. They posed that opinion of the practice years ago.
The only "First Strike" I would be interested in, if I could ever get them. Read the caption to the last photograph in this link (TPG companies eat your heart out): http://mintnewsblog.com/2014/08/pro...nd-reverse-proof-silver-kennedy-half-dollars/
Nope they sure didn't. And in point of fact way, way, too many people bought into the nonsense. Too many still do ! My only point was this is nothing new.
Who knows, in 50 years people might look back on this thread in wonder at how collectors dissed the First Strike John Mercanti autographed labels.