NGC Certified "First Day of Issue" BU Abraham Lincoln Golden Dollar

Early releases were as much garbage four years ago as they are today. Or vice versa.

 

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Yeah, I was as adamant 4 years ago about this subject as I am today/

Chris

 

First Strikes and Early Releases are the TPGS' equivalent of the eBay bidiots.

Chris

 

Both are meaningless, but at least early release is factual, first strike is an outright lie.

 

What is TPGs?
Third Party Graders, like PCGS,ANACS,NGC, etc.

 

TPGS.........Third Party Grading Service

Chris

 

Umm... I think he has a point about the "early release" labels regardless of design. NGC originally used the term first strike but was sued for it and as part of the settlement, it discontinued the use of the old term. It is absolutely worthless and is nothing more than a way to promote submissions for labels and draw more submissions. If it didn't, PCGS's equivalent would take away submissions, so yeah, it is a way for them to make money.

 

Granted, the Florida lawsuit forced NGC to change from First Strike to Early Releases, but the only reason PCGS wasn't included in that lawsuit is because they are based in California, not Florida. What do you think they would have done if they were a Florida corporation? Regardless, do you think NGC should have given in completely and allowed PCGS to take over a larger share of that market?

Chris

 

No, but let's not pretend that economic consideration of the TPGS's bottom line wasn't an issue. That was my point. If it wasn't about money, NGC wouldn't even grade modern coins at all. Remember that at one time, NGC refused to grade moderns because it thought it would create artificial scarcity. It is interesting how time has changed everything. Now they grade moderns and add special labels all to generate submissions and more revenue. The post I responded to suggested that the TPGS's bottom line wasn't at play.