Ruben I can't believe people would pay a premium for 1st strike designation , does PCGS have someone at the mint checking out the 1st 1000 coins on each die . LOL
Since the designation means nothing and redefines erroneously what numismatists know the term, "First strike", to mean, it only shows how far the TPG'ers will go for profit. Hard to have much respect for them. Hope not too many buyers get burned when they sell down the road.
"In the world of coins, the designation 'first strike' has a meaning that a particular coin is one of the first coins struck from a certain die set. Normally, these coins are considered more valuable and more desirable because of being one of the first coins of that particular issue to be struck." The complaint states that the companies are using the first-strike designation "not for the first coins struck by the U.S. Mint, but rather for coins that are shipped by the Mint during the first month after the coin is issued."
They are also more valuable because being the first strike from a die, they are struck before the die is worn, so the coin has better detail.
Being our coins are low pressure single squeeze produced and with extremely low relief, I seriously doubt 90% of the time there is any difference in the first and last strikes of a die's life. It's a gimmick used by the TPG's and tv coin sellers to get suckers to pay a hefty premium on junk coins. Guy
