2014 Kennedy Silver 4 Coin 50th Anniversary Set

I purchased the aforementioned set in the originally sealed shipping box online and it is flagged as "First Strike Eligible". If I choose to send it in for grading to a TPGS, what if anything do I need to do to have the slabs marked as such and is there much more of a premium being designated as such? I have never sent in any of my collection to be graded so far, but this could start the ball rolling? Any input from my peers here would be appreciated. No pictures... it's just a brown box and a label.

 

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I do not believe it is still eligible for that notation. But fear not - that notation is "bogus on steroids" at the best of times. One of the truly great con jobs of all time.

 

Cutoff date for submitting that set for first strike designation was November 30,2014. First Strike designation is an $18 fee added to the service level a person chooses.

 

I forgot the link.

https://www.pcgs.com/firststrike

 

I wouldn’t worry about the first strike designation. I’m in agreement with Kirk.

 

I agree with Kurt also about the designation. Y'all knew there was a but. But, people pay more for that label. That is something I have noticed watching coin purchases on E-Bay. That "First Strike" label brings a premium.


Not to be prejudice toward one grading company or the other here is a link to NGC.

https://www.ngccoin.com/coin-grading/designations/

 

I am a firm believer of buy the coin, not the holder. Too bad that's not everyone's creed.

 

PCGS and NGC made an artificial market for coins with this designation. As far as I can see, there is no true numismatic value to them.

 

IMO, it all started with trying to get more $$$ out of Silver Eagles. But based on the market, these labels do bring a premium. It's kind of like dealer added pin striping on a car.

 

If it's still sealed in the original box the mint shipped it in they're eligible basically forever. If that box has ever been opened though they lose it. Basically you have to just hope they're good enough to send in if you want the designation after the open submission period ended.

This. Whether or not anyone likes them they do bring a premium as a lot of buyers do want them even knowing exactly what they mean.

As for this set it's feast or famine. You have to get the 70s last time I had seen some prices on them. I wouldn't send these in if it were me, it's too easy to lose on them.

 

Good Lord you've aged in such a short period of time..........the move to Harrisburg?

 

There are MANY MANY things people will pay more for that are complete garbage. Even the U.S. Mint says they (First Strike attributions) are garbage.

 

As true as all that may be @baseball21, I feel it is ALSO corrosive to the hobby in the long run. (As I also believe of Registry Sets.)

 

I never understood registry sets. I feel it unnecessarily turns this fun and enjoyable hobby into a needless competition. Sure, I love to see high-grade, rare, low-mintage images of past presidents, Greek gods, birds, Indians, and marble buildings (as well as errors) stamped on various metallic discs. And I love competition and competitiveness. But it seems in collectibles, like coins, it taints the spirit of collecting as it should be.

 

Exactly.

The First Strike™ Program was conceived in 2005.
How do you suppose that these got the First Strike™ Designation?







Hint: Sealed Boxes of Silver Eagles with dated US Mint Inspection slips.
If the dates were within the 30 Day Window? Voila!

 

Easy. Complete and utter fiction. Next question.

 

I don’t see them as important enough to have any adverse impact. Most of the time people just like the social label it has for presentation aspects. Granted there are some entities that really stand on the line with how they talk them up, but those places will find a way to over hype and over sell things whether or not those designations existed.

They’re however people want to use them. They’re only as competitive as someone makes them. Most people use them for an inventory sheet or as a goal to work for. If someone wants to make it competitive there’s nothing wrong with that, collecting should be however someone enjoys it whether that means they want it to be causal or competitive. Everything with collecting is very individualized preferences and there’s nothing wrong with that.

 

@baseball21, I have to disagree with only one itty bitty part of that, and my disagreement MAY boil down to a PCGS vs. NGC thing. In NGC's software, one can use the Collection Manager module without even touching a registry set, and I do exactly that. Perhaps in PCGS' world, they're more tightly knit together? I wouldn't know. They are "cousins" in NGC, but not closer than that.

 

I only dabbled in the registry a few years ago before giving it up and going more towards a whatever I like approach. From what I remember you could add inventory to the PCGS site without having to actively add it to a registry set which sounds like what you are describing on the NGC one. I know you also had the option of keeping some sets private where people can just see the name and the score of it.

One thing I have noticed more recently with it is the digital album feature seems to be a big draw with a lot of people. I believe you have to have an active set to use that though

 

I have to agree that the First Strike designation *should not* have an impact on price. Except it does in The open market.

Additionally I do not understand why certain coins shouldn't all be eligible irregardless of the box. For instance the 2016 mercury gold dime was a total sellout in seconds; thus shouldn't all of them be eligible for the label?

But the high risk collector can be fickle. I know I've overpaid for some coins in the past rather then wait. And I know I've taken advatange of the absurd market at times to sell.

What I've learned is that there are all types of buyers for all types of coins. And that's not even including the TV sales.