First Relase is a rip-off

I can follow that so my next question is this.
How does the "buyer" know it's a legit "early release"?
Would there actually be some type of pedigree as it were or does one just take NGCs and the seller's word for it?

Have no intentions of buying any such coins. Now I'm just curious.


Thanks,

clembo

 

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I agree with much of what has been said here. Those who go by the age-old ethic of "buy the coin, not the slab" are on steady ground - again.

I agree that's it's really a marketing scheme to artificially manufacture added "value" which doesn't exist.

Here's my question - is it possible this "first strike" thing grew out of stamp collecting ? They have First Day Covers, which I believe really are certifiable by the Postmaster as first day.

 

I've said this before and I think this is the solution to first strikes, early issues, etc. Each coin should be made with a serial number stamped on the front. Laser ingraved to a depth of about half way through the coin. Sort of like being done on diamonds. If enough thought went into it, the serial number could be made part of the design. For example on the Cent Lincoln's Beard could be made up of a serial number. Same with Washingtons hair. :smile OR instead of things on the reverses like Eagles, just a big number. First coin is 1, second is 2, etc. This would simplify the design of the coin and make knowing how many were made easier.
I never could figure out why anyone would want a first of any coin. If you have the first and they make trillions, the first is meaningless. If you have the last one minted, that means something because you now know how many were made. If they made 100, you'll have a low mintage coin. If they made trillions, who cares.

 

interesting idea. I think it would be really cool to be able to know which number coin you got, but sadly, the gov. will probably never do this

Even though you said that getting the first wouldnt make sense. I bet the coin with the #1 on it would go for A LOT of money, jsut because it was the first one minted.

 

PCGS still labels coins as FS.

 

Just carl, Russia does do serial number stamping for the massive 1 kilo gold coin as well as for the 3 kilo silver coin if I remember right. Example here: http://www.cbr.ru/eng/bank-notes_coins/Base_of_memorable_coins/coins.asp?cat_num=5221-0010

 

Probably read that from the first time I mentioned it and are now using my idea. Copy cats.
Just wait until our Mint reads this and copies my ideas.:whistle:

 

Oh, boy; oh, boy.

Gotta call those guys on TV and buy,buy, buy.