Message:

<p>[QUOTE=&quot;TOLS196024, post: 196108, member: 3884&quot;]I took part in this.&nbsp; I know that most members of this forum are vehemently against the idea of First Strike or First Day of Issue labels, but the simple fact of the matter is that holders with these special designations do tend to sell for more money.&nbsp; I think that the PCGS First Day of Issue pieces are going to see nice price increases on Ebay for several reasons:</p><p><br /></p><p>First, PCGS gave almost no notice that they were going to be offering this new label and in order to qualify packages sent to them had to be postmarked 2/15/07 which didn&#039;t give collectors much time to get their hands on the coins.&nbsp; Second, the only way to get the label is through their bulk submission program (100 coin minimum) which can get a bit expensive for many collectors.&nbsp; Third, as others have noted, the quality of these coins is mediocre at best, and some who were planning on sending coins in for First Day of Issue decided not to.&nbsp; Lastly it is fairly cheap to get these holdered.&nbsp; If the coin doesn&#039;t grade MS66 or better it will be put into a generic &quot;First Day of Issue Brilliant Uncirculated&quot; slab.&nbsp; This may sound a lot like the junk sold off on Shop at Home, but as it only costs $6.00 each to get these lower quality coins slabbed, there is very little downside risk, and even if they are offered at a mere $15 each, there is money to be made.</p><p><br /></p><p>All that being said, I don&#039;t feel that the George Washington dollars will be a sound longterm investment at all.&nbsp; I sent in 200 for First Day of Issue holdering, and plan on flipping them out as soon I receive them back.&nbsp; At that point, I can take the money and purchase some real coins for my collection.</p><p><br /></p><p>Please feel free to go ahead and flame me now.<span style="color: red">But not on CoinTalk please.</span>&nbsp; However, before doing so, remember the mantra so frequently espoused on this forum &quot;collect what you like&quot;.&nbsp; There are people out there that like to collect First Strike and First Day of Issue coins.&nbsp; If I am able to provide them with these coins and use any profits to enhance my own collection, I don&#039;t think that is such a bad thing.</p><p><br /></p><p><br /></p><p>Tom[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in