How long has NGC done the "Early Release" label?

Hello,

I am putting together a collection of Certified MS-69 NGC ER (Early Release) American Silver Eagles and have a 2007 MS-69 ER that I wish to trade for a 2006 MS-69 ER, my only question is, how long has NGC done the ER labels?

I rather know the exact year they started then rather search for a label that doesn't exist.

Thanks!

 

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around 2004

 

Well that was easy... thank you

 

Good luck on your quest ...

 

Thanks. Now my only question is, is their a price premium for the farther you go back with the ER's?

 

Excuse me but NGC started with a "First Strike"™ Label in 2005. I believe they continued through 2006 until a lawsuit was filed in late 2006.

They were being sued for misleading information (i.e. First Strike) and lost. Part of the settlement was an agreement to NOT use the term First Strike™ on their slab labels unless it could be proven that the coin was the first struck from new dies. They then changed the label to "Early Release" leaving First Strike™ to PCGS who clearly states on their label theat the coin within the slab was submitted within a 30 day time from of its release..

You should NOT be able to find any Early Release 2005 - 2006 Kennedy's unless the coin(s) has/have been reholdered.

http://www.lipcon.com/our-firm-in-the-news/ngc-settles-first-strikes-laws/

 

PCGS started the First Strikes nonsense in 2005. NGC followed suit in 2006. Due to the lawsuit they switched to Early Release in 2007. Beginning in I believe 2014 you could get either First Strike or Early Release.

Now as to how far back you can find Early Release ASE's, you can get them all the way back to 1986 I believe. One of the ways to get the Early Release label was to submit unopened monster boxes and if the packing label inside the box was dated before Jan 30th the coins could receive Early Release labels. Once the Early Release fad took off a lot of dealers and hoarders started sending in their older boxes. And since may of these boxes were packed as much as five months before the date on the coins, a lot of them were eligible for Early Release. So you will find plenty of ER ASE's dated before 2006/07.

 

Well I have one member who says no but he refers to Kennedy's... the other says yes... ????????

 

"First Strike" and "Early Release" were initially programs started for bullion coins only.

I know that PCGS expanded their First Strike program to include literally ANYTHING submitted for grading within 30 days of its release.

Now that think of it, I could not say for sure that any Early Release Kennedy's exist prior to 2011? which is around when PCGS started their program expansion. BTW, First Strike has to be requested at PCGS in addition to an $18 per coin charge.

As for coins with earlier dates? Conder is correct in that the program (for PCGS) started on 2005 but if a sealed green monster box was submitted for grading which had a dated quality control slip inside of it, the coins could then qualify for First Strike label.

The last time I'd checked, the earliest Silver Eagles in First Strike Slabs were 1988's.
The current Pop Reports still show only 1988 SAE's with First Strike.

It's really only a marketing scheme but there are folks out there that collect slab labels and not necessarily the coins within the labels. I imagine that if a collector had a sealed and dated original shipping bix of uncirculated sets that they could get First Strike or Early Release labels but then, I jumped off that ship about 5 years ago.

As for my earlier reply regarding Kennedy's? I don't know what the he'll I was thinking other than I had Kennedy's on my brain when I replied.

 

NGC started early release program in 2006

 

For too long, really.

It's all marketing hype, and too many suckers have fallen for PT Barnum's bait.

 

PT Barnum's bait? You mean David Hannum?

 

No, I mean PT Barnum. Hannum allegedly made the comment you are referring to when talking about Barnum.

 

I'm a big fan of getting the much rarer First First release sticker. (yes it's a bad photoshop job but I did it like 2 minutes).

 

I'm pretty sure you are incorrect and it's the other way around. PTB got the credit.

https://en.wikipedia.org/wiki/There's_a_sucker_born_every_minute

 

MUCH more valuable than the Second First Release!

 

Really not even sure what you are trying to say anymore, as the first sentence of the article you posted says ""There's a sucker born every minute" is a phrase most likely spoken by David Hannum, in criticism of both P. T. Barnum, an American showman of the mid 19th century, and his customers. The phrase is often credited to Barnum himself. It means "Many people are gullible, and we can expect this to continue.""

 

Honestly i wish NGC would just do the standard brown label only. just too many cheesy picture designs i`ve seen from them lately.

 

Ok, that takes of that

Ok so NGC did have their "Early Release" labels in 2006 but only for a short time. So is that a confirmation on 2006? Because I'm more confused now then I was before I asked this question?!?!?!?