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PCGS and NGC get sued over "First Strikes"!!
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<p>[QUOTE="Midas, post: 174218, member: 2761"]I love it...finally, a collector has had enough of this "First Strike" B.S. that he filed two independent class action lawsuits against PCGS and NGC to in essence, stop the B.S. of selling amd marketing "First Strikes" graded coins.</p><p><br /></p><p>Any serious collector will tell you that there is no way to determine if your "First Strike" did indeed come from a brand new die or was it the 10,000th coin struck from a die, but shipped with the "first" release. The mint has stated, "... that "First Strikes" represents the date the box was packed and does not necessarily correlate with the date of manufacture".</p><p><br /></p><p>Damning to PCGS's future defense will be their own co-founder, John Albanese who publically stated that, "..coin dealers and grading services must stop calling the bullion coins fiirst strikes or risk losing credibility with collectors...it is flat out wrong...It really is a marketing gimic. It shouldn't be done."</p><p><br /></p><p>A letter was written to Con World suggesting those who own one of five 1913 Liberty nickels shold resubmit their coins for grading for a "First Strike" label. Hey why not?[/QUOTE]</p><p><br /></p>
[QUOTE="Midas, post: 174218, member: 2761"]I love it...finally, a collector has had enough of this "First Strike" B.S. that he filed two independent class action lawsuits against PCGS and NGC to in essence, stop the B.S. of selling amd marketing "First Strikes" graded coins. Any serious collector will tell you that there is no way to determine if your "First Strike" did indeed come from a brand new die or was it the 10,000th coin struck from a die, but shipped with the "first" release. The mint has stated, "... that "First Strikes" represents the date the box was packed and does not necessarily correlate with the date of manufacture". Damning to PCGS's future defense will be their own co-founder, John Albanese who publically stated that, "..coin dealers and grading services must stop calling the bullion coins fiirst strikes or risk losing credibility with collectors...it is flat out wrong...It really is a marketing gimic. It shouldn't be done." A letter was written to Con World suggesting those who own one of five 1913 Liberty nickels shold resubmit their coins for grading for a "First Strike" label. Hey why not?[/QUOTE]
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PCGS and NGC get sued over "First Strikes"!!
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