Are "First Strike" Coins Worth It?

I've got a few slabs that are "First Strike" coins. As with most things, I'm not exactly sure why I decided to buy the First Strike version....in fact, I've ended up with everything from a few Silver Eagles in a "First Strike" version all the way to owning the entire (released so far) set of National Park 1oz silver quarters all in the "First Strike" 69DCAM version.

Is the designation worth it from a collector's perspective? Do you feel "First Strike" coins will bring a better value in the future from a collector's perspective than other coins of the same version?

 

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No
It's a marketing gimmick IMO

 

Some people do collect first strikes. I know not why. They are not necessarily first strikes, but are actually the earliest to be shipped by the mint. There is no way to tell where in a run any such individual coin was struck.

I have had coins graded as first strike only for the purposes of a higher resale price.

 

No..

 

It will command more value to label collectors. Outside of that, these are struck on new, clean dies. That's about it.

 

Yup, devalued, at $3.50 a pop, they're a great addition to any collection.

 

With so many minted and sold slabbed, where is the potential profit? I don't see it.

If it ever leaves the slab, you can longer sell it as a first strike. You cannot prove it.

I agree with furryfrog02. To me, it's a gimmick.

 

Not sure on this.....I guess in Moderns it makes it different. Me? I have a few but do not really care that much about it.

 

Even the TPGs admit that there's nothing special other than they were shipped in a certain time frame.

 

The term, First Strikes, is the excuse bidiots require to justify wasting their money. You can say the same thing for "Early Releases" and "First Day of Issue".

Chris

 

Oh I know whereof you speak. When I was a kid I thought all my FDC stamped covers would be worth something. Lucky to get 10 cent a piece now irregardless of face value of the stamps. Bad idea and lessoned learned.

 

If there was a first strike coin and a non first strike coin, same grade, same price, etc, I would pick the first strike one first. So possibly it could help get your coin sold a little easier? Doubt it would bring a premium though.

 

It would sell a lot easier if the TPG misspelled it.......Furs Strike.

Chris

 

I agree...

It's all a marketing scheme, since there's absolutely no way to distinguish between (for example) a 69-DCam first strike or last strike except for the 'label'...It's called creating a market and a demand for something that doesn't actually exist....and charging a premium for the 'honor' of owning a "First Strike".

 

No.

 

NO, NO and one more time - NO!!!!!!

Buy the coin and not the plastic coffin it is stuck in nor the stupid label that's on it.

I would take the last coin struck, if it was an MS-70 over any first strike MS-69 any day, any time!!!!

 

Definitely a bastardization of the term "First Strike" as the coins have absolutely NOTHING to do with being "First Struck" (presumably off of a die pair) and have EVERYTHING to do with submitting the coins within 30 days of their release from the US Mint.

If you pay EXTRA for a "First Strike" slabbed coin, you just threw your money away.

 

Buy the coin, not the gimmick. LOL.

 

I have had been saying it for years now..."all the dealers who are selling these PR/MS 69/70 modern day coins should be executed". I wonder how can they sleep at night...

 

If the market is marketed enough to take those grades seriously it's not the dealers' fault for cashing off on that marketing. There was a time when Clorox Bleach sold for 3X ordinary bleach, even though the two are indistinguishable. Credit Clorox's marketing for that. That's not the retailers' fault.