More of my old man rambling coin chatter.

Discussion in 'Coin Chat' started by GUNNER63736, Aug 18, 2019.

  1. GUNNER63736

    GUNNER63736 Well-Known Member

    Hi all. Just got this in yesterday. I seem to have seen a trend by some collectors to buy the coin holders vs. the coin. Maybe I am misunderstanding. I am sure they know much more than me about the value of the holders. I am old fashioned and still buy the coin instead of the holder. If I just happen to get a neat certified holder with it, that is just gravy I guess. I recently purchased a 2016 PCGS MS69 coin. It is a beautiful coin. The holder is neat but that is not why I bought the coin. I don't event know if the holder collectors would consider this holder to amount to any thing. It is labled "FIRST STRIKE" 30th Anniversary with an American flag. Just wondering if this lable has any significance to you holder collectors vs. a standard holder. Thanks for the information. I do enjoy looking at unique holders on the internet though. Is there anyplace on the internet to research unique holders? Oh oh. Sounds like I am getting overly interested. LOL. How about some pics of your collectible holders. 16 sil. eagle obv.jpg 16 silver eagle rev..jpg
     
    Last edited: Aug 18, 2019
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  3. MeowtheKitty

    MeowtheKitty Well-Known Member

    Meow sees no harm in getting a nice coin in a nice holder like this as long as the price was right. So if one paid $5 over the price of a non graded one, Then one can't go wrong. But.....Paying a much higher price for a first strike ms69 feels like a bad idea. And ms70s that are really much more expensive can be really bad, as a little latter day toning or milk spotting turns it into a ms69 or worse. So as long as one pays a "Original submitter lost money" price these are OK in Meow's opinion.
     
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  4. Inspector43

    Inspector43 Celebrating 75 Years Active Collecting Supporter

    Very nice coin. I would be pleased to have it. I don't put any stock into the "First Strike" label. There is absolutely no way for anyone to tell if this came from the first days production or last days. The label was invented for commercial reasons. The mint produces coins and puts them in stock. When released they are pulled from stock, packaged and shipped. Most likely with the same system most use, first in last out. I would buy based upon eye appeal and grade, not on when it might have been produced. But, I do like it and might buy if the label didn't add too much to the cost.
     
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  5. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    The term "First Strike" is garbage lingo for "You can't prove it isn't!"

    That doesn't mean that if you paid a reasonable price for this coin and its grade that it isn't worth it.

    Chris
     
  6. PlanoSteve

    PlanoSteve Well-Known Member

    Gunner, first of all, your title is misleading. We don't know for a fact that your an "old man", & certainly you are not "rambling". While your posts seem to indicate that you are well versed, for all we know you're some 20-something punk kid (like me) just messing with us. :smug:;)

    Now as for the coin, beautiful example, hope you purchased it well. I've always wondered why these "First Strike" coins aren't all MS70, I mean they are "first strike" right? Further proof that the producer of the slab doesn't give a hoot! :shifty:

    That said, I do have a few (5 or 6) "First Strike" slabs, because I liked or wanted the coin itself. I don't recall paying a premium & I don't think I would have done so.

    I also (99.999% of the time) only buy the coin, regardless of the slab (I have some in slabs that others abhor, getting a great deal on them & finding varieties & VAMS which no one else found).

    And I actually do have about 10 - 15 slabs which I bought because of the slab (ie, first edition PCGS & NGC; doilies, etc), which coincidentally just happen to contain extremely nice, high graded coins - but I bought them for the slab. :jawdrop::cigar:

    So you see, I even break my own rules once in awhile. I guess that means I have no rules (for collecting). :D

    Continue on, I enjoy your posts! :):singing:;)
     
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  7. TheFinn

    TheFinn Well-Known Member

    The kinds of slabs that bring premiums are PCGS white labels and Doilies. NGC slabs that bring premiums are the original black holders (they have the grade on the back upside down) and white labels without borders. Accugrade with the decimal grade are good too.
     
  8. Burton Strauss III

    Burton Strauss III Brother can you spare a trime? Supporter

    First strike is definitely a marketing gimmick.

    The coins are put into tubes and the tubes into monster boxes and the boxes on to a pallet. The earliest ones are actually on the bottom. Then they're sent out to the authorized purchasers.

    The APs sometimes have coins sent directly from the Mint to PCGS to guarantee the 1st 30 days or whatever, but sometimes it gets shipped to the AP's warehouse.

    Of the ones that go to the AP's facility, they sell some boxes to customers and break them open to sell tubes and individual coins to the public. Who send them during the 1st 30 days to PCGS.

    Do you have ANY way of telling which are really the coins from that 1st box on the bottom of the pallet? Didn't think so.


    Plus the dies get changed out fairly frequently. Isn't a coin from a fresh die better than the last coin from that 1st die even though it's day 33 instead of day 1?

    One of the sellers at ANA had their cases loaded with 20 different labels in piles.

    The people making money on grading modern bullion are the grading companies ($5/coin) and ???
     
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  9. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    That holder has no special meaning or value to me. If you like that it has the flag on it, then I'm happy for you.

    The bigger issue I see with this coin, however, is how did it grade 69 with those prominent spots and giant scratch on the reverse?
     
  10. Inspector43

    Inspector43 Celebrating 75 Years Active Collecting Supporter

    I got this response from a Coin World editor:

    We have written a number of stories on the subject. It may be time to do another.

    The Early Release and First Strike designations are a marketing tool. Like I said in my previous response, NGC and PCGS reserve those designations for coins shipped out of the West Point Mint within the first 30 days of release. There’s no way of knowing whether the coin is the first struck off a pair of dies or the 1,500th or 2,000th, for that matter, depending on die life. The West Point Mint ships the coins to the U.S. Mint’s contracted order fulfillment center in Memphis, and it’s from there the coins are shipped to the customers who ordered them.

    The previous response:

    The First Strike or Early Release references coins shipped by the Mint within the first 30 days of release. Technically there is only one first strike which is the first coin struck from the first dies for an issue. And the Mint keeps that coin for archival purposes.
     
  11. ewomack

    ewomack 魚の下着

    The closest thing that I have to a collectible slab is the 2016 125th anniversary $1 Eagle that the ANA gave me for submitting a 3-year renewal. I didn't renew for the slab, but it seemed like a nice bonus. I actually renewed and received the coin right in the lobby of the ANA building in Colorado Springs.

    Anyway, I don't collect slabs and I don't like the idea of collecting slabs. I do like coins, though.
     
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  12. MeowtheKitty

    MeowtheKitty Well-Known Member

    The best reason Meow likes slabs is because Meow thinks they are the best way to keep a coin from getting tarnished over the years.
     
  13. ddddd

    ddddd Member

    Some people collect moderns with the "First Strike" label. Some coins do carry a significant premium with that label (mainly when there is a low population and high demand). Most however have a slight to no premium since they are almost as common as the other types of label.
     
  14. ldhair

    ldhair Clean Supporter

    Some folks collect the FirstStrike slabs to have a matching look to the set. I would not pay extra for the slab but some will.
     
  15. ewomack

    ewomack 魚の下着

    Coins can tarnish in slabs and they are not generally considered to be air tight. I keep all of my slabs in Intercept boxes for this reason, but even then there is no solid guarantee that they won't tarnish, but the likelihood decreases substantially.
     
  16. MeowtheKitty

    MeowtheKitty Well-Known Member

    Yep, there is no way of stopping time. Even in a TPG holder.
    Ancient Egyptians TPG Cats at one time, and none of them look MS70 at all now.
    8151456889_a9ab8c012f_z.jpg
     
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  17. willieboyd2

    willieboyd2 First Class Poster

    Sometimes a slab tells a story:

    [​IMG]
    Clive of India Treasure Brazil 6400 Reis 1750-R
    Gold, 32 mm, 14.30 gm (approx), 0.4215 oz (0.917 fine)
    NGC graded as "UNC DETAILS ENVIRONMENTAL DAMAGE"

    Robert Clive (1725-1774), "Clive Of India", was a British officer credited with establishing the British rule of India.
    He sent these coins to India on the ship "Doddington" which was wrecked off South Africa in 1755 and salvaged in 1977.

    :)
     
    Last edited: Aug 18, 2019
  18. GUNNER63736

    GUNNER63736 Well-Known Member

    LOL. I am a young 70 years old.
     
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  19. GUNNER63736

    GUNNER63736 Well-Known Member

    Paid $26.00 for it shipped. I usually get out my latest Coin World magazine and look a price up there that is in the raw. Just use that for a rule of thumb for pricing
     
  20. GUNNER63736

    GUNNER63736 Well-Known Member

    Scared me. Got it out to look at it. No spots on the coin and the scratch was some kind of residue on the holder. Came off with a wet finger tip and the edge of my t-shirt. Must just be the lousy pics.
     
  21. GUNNER63736

    GUNNER63736 Well-Known Member

    Thanks for all the input folks. I am on a learning curve every day. I think I will stick to my previous way of buying and just buy the coin, not the holder. If I slop into something extra with a holder, which probably won't happen, I will just consider it gravy. Have fun collecting all.
     
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