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First Strike Designation - I'm not letting go...
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<p>[QUOTE="GDJMSP, post: 104912, member: 112"]They make extra money because there is a large segment of the collecting hobby that have no idea what they are doing when it comes to collecting coins. These people mistakenly believe that the coins they are buying in these slabs with the first strike label to be first strike coins as defined by the traditional definition. These people think these coins in these slabs are something special - when in reality they are not.</p><p><br /></p><p>But because there are so many people willing to buy into this false idea, dealers are able to submit huge numbers of these coins, 500 or more at a time, and have them slabbed and labeled as first strikes. The dealers then sell these to the unsuspecting public. </p><p><br /></p><p>This whole thing allows the TPGs to grade & slab twice as many, perhaps more, of these coins as they normally would. Thus they make more money.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 104912, member: 112"]They make extra money because there is a large segment of the collecting hobby that have no idea what they are doing when it comes to collecting coins. These people mistakenly believe that the coins they are buying in these slabs with the first strike label to be first strike coins as defined by the traditional definition. These people think these coins in these slabs are something special - when in reality they are not. But because there are so many people willing to buy into this false idea, dealers are able to submit huge numbers of these coins, 500 or more at a time, and have them slabbed and labeled as first strikes. The dealers then sell these to the unsuspecting public. This whole thing allows the TPGs to grade & slab twice as many, perhaps more, of these coins as they normally would. Thus they make more money.[/QUOTE]
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First Strike Designation - I'm not letting go...
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