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First Strike Designation - I'm not letting go...
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<p>[QUOTE="Midas, post: 103894, member: 2761"]I am in agreement that this whole first strike designation is just plain nonsense. Let's put it this way. They market coins that are minted during the very first days of mintage, hence the term "first strike".</p><p><br /></p><p><b>But what would you rather have: The 10,000th coin minted from a given die during this initial period of time...or...the first coin minted from a brand new set of dies later in the year? </b></p><p><br /></p><p>Call me crazy, I would rather have a coin minted at the beginning of a die's life than one minted during the first month near the END of a die's "life". So all of this first striked stuff is just "fluff"...nothing more and in my opinion, a way for TPG's to try to generate additional income on modern's which really are the future of their business.</p><p><br /></p><p>After all, how many times can you grade a coin 100 years old? Put "crack-out and resubmissions" aside for minute...the TPG's all realize that coins that have been submitted from the past have pretty well already been submitted, graded, and encapsulated.</p><p><br /></p><p>The future of TPG's business again, is with moderns! Mint Sets, Satin-Finish (another bogus item to generate more cash), Proofs, Commem's, etc. If the TPG's can figure out how to generate MORE with this 1st Strike nonsense, they will![/QUOTE]</p><p><br /></p>
[QUOTE="Midas, post: 103894, member: 2761"]I am in agreement that this whole first strike designation is just plain nonsense. Let's put it this way. They market coins that are minted during the very first days of mintage, hence the term "first strike". [B]But what would you rather have: The 10,000th coin minted from a given die during this initial period of time...or...the first coin minted from a brand new set of dies later in the year? [/B] Call me crazy, I would rather have a coin minted at the beginning of a die's life than one minted during the first month near the END of a die's "life". So all of this first striked stuff is just "fluff"...nothing more and in my opinion, a way for TPG's to try to generate additional income on modern's which really are the future of their business. After all, how many times can you grade a coin 100 years old? Put "crack-out and resubmissions" aside for minute...the TPG's all realize that coins that have been submitted from the past have pretty well already been submitted, graded, and encapsulated. The future of TPG's business again, is with moderns! Mint Sets, Satin-Finish (another bogus item to generate more cash), Proofs, Commem's, etc. If the TPG's can figure out how to generate MORE with this 1st Strike nonsense, they will![/QUOTE]
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First Strike Designation - I'm not letting go...
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