http://news.yahoo.com/s/ap/20061218/ap_on_bi_ge/first_strike_lawsuit_2 Lawsuits target 'first strike' coins By CURT ANDERSON, AP Legal Affairs Writer Sun Dec 17, 7:56 PM ET MIAMI - To avid collectors, coins that stand out as rare or of exceptional quality are worth more than their weight in platinum, silver or gold. Numismatic enthusiasts are often willing to pay a premium for American Eagle, American Buffalo and other specialty coins labeled "first strikes" because they are billed as among the first of that year's batch produced by the U.S. Mint... >>>>>>>>>>>>>>>>>>>>> Just the messenger Ben
The mint produces first strikes year round - being they are actually the first coins struck by a die.
The only problem I see is that according to the article it could cost the TPG's $10 million. Where do you suppose that money is going to come from? I think it would only mean higher grading fees for all! After all NGC & PCGS didn't make more money from these lables they made the same standard fee and marketeers made the real $$ from hipe and sales pitches.
when is someone going to sue a shop at home coin show for false advertising? Someone needs to call up and ask them when they are going to appear at a show instead of on TV only. Or ask them why the dealer told them their coins were worthless.. Ya know?
Hi Nickleman...not sure about NGC but PCGS does charge an extra $10.00 for "First Strike" designation. Call them up and they will tell ya. Good hunting... RickieB
