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"First Strike" and other nonsense
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<p>[QUOTE="dreamer94, post: 167244, member: 6449"]During the past few months, the fallacy of the "first strike" designation has been made unambiguously clear by the US Mint. (<a href="http://www.usmint.gov/consumer/index.cfm?action=HotItems" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.usmint.gov/consumer/index.cfm?action=HotItems" rel="nofollow">http://www.usmint.gov/consumer/index.cfm?action=HotItems</a>) They do not keep track of the date that any particular coin is struck or whether it was the first or last to be struck from a particular die. The dates on mint packages are the dates the coins were packed, not the dates they were made. </p><p> </p><p>To be most charitable, grading services and dealers may have been misinformed and believed that a packaging date correponding to the first day of sales was a true first strike. However, it is abundantly clear that this is not the case. A coin in a package with the earliest date could have been the last coin to be minted from a worn die just before it was taken out of production.</p><p> </p><p>Despite this, NGC continues to use the term "First Strikes" on its certification, most recently with 20th anniversary American Eagles and dealers continue to advertise them as such. </p><p> </p><p>In my opinion, there is no longer any justification for the continued use of the term "First Strike". Is there another side to this story?[/QUOTE]</p><p><br /></p>
[QUOTE="dreamer94, post: 167244, member: 6449"]During the past few months, the fallacy of the "first strike" designation has been made unambiguously clear by the US Mint. ([URL="http://www.usmint.gov/consumer/index.cfm?action=HotItems"]http://www.usmint.gov/consumer/index.cfm?action=HotItems[/URL]) They do not keep track of the date that any particular coin is struck or whether it was the first or last to be struck from a particular die. The dates on mint packages are the dates the coins were packed, not the dates they were made. To be most charitable, grading services and dealers may have been misinformed and believed that a packaging date correponding to the first day of sales was a true first strike. However, it is abundantly clear that this is not the case. A coin in a package with the earliest date could have been the last coin to be minted from a worn die just before it was taken out of production. Despite this, NGC continues to use the term "First Strikes" on its certification, most recently with 20th anniversary American Eagles and dealers continue to advertise them as such. In my opinion, there is no longer any justification for the continued use of the term "First Strike". Is there another side to this story?[/QUOTE]
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"First Strike" and other nonsense
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