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NGC Strikes Out w/ "First Strikes" - ANA The Big Winner
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<p>[QUOTE="Troodon, post: 345822, member: 4626"]Well I thought "First Strike" was a rediculous scam from the beginning... this only proves it... even though techically they admitted no wrongdoing. Perhaps other grading companies will follow suit if they thing this will cause people no to buy into the "First Strike" myth. It always seemed silly to me anyway... dies are changed constantly and you can have a well struck coin on the 1 millionth strike just as easily as the first (and a perfect strike is hardly guaranteed, even on the first, for that matter). All that should matter is the condition of the coin, regardless whether it was struck first, millionth, or billionth. And I also think it's rediculous to treat some PR stunt by the Mint in the guise of a "First Strike ceremony" as if it somehow imparts additional value on the coin. I find it hard to feel sympathy for anyone who was dumb enough to buy "First Strike" coins... but if there was a settlement against a company that used it, I think it only fair that they're entitled to a piece of it, or at least a refund of whatever premium was apid for them above what they would have paid for the same coin in the same holder without the designation.[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 345822, member: 4626"]Well I thought "First Strike" was a rediculous scam from the beginning... this only proves it... even though techically they admitted no wrongdoing. Perhaps other grading companies will follow suit if they thing this will cause people no to buy into the "First Strike" myth. It always seemed silly to me anyway... dies are changed constantly and you can have a well struck coin on the 1 millionth strike just as easily as the first (and a perfect strike is hardly guaranteed, even on the first, for that matter). All that should matter is the condition of the coin, regardless whether it was struck first, millionth, or billionth. And I also think it's rediculous to treat some PR stunt by the Mint in the guise of a "First Strike ceremony" as if it somehow imparts additional value on the coin. I find it hard to feel sympathy for anyone who was dumb enough to buy "First Strike" coins... but if there was a settlement against a company that used it, I think it only fair that they're entitled to a piece of it, or at least a refund of whatever premium was apid for them above what they would have paid for the same coin in the same holder without the designation.[/QUOTE]
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NGC Strikes Out w/ "First Strikes" - ANA The Big Winner
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