PCGS Labeling?

I'm sure this egg has been hatched before but I can't seem to find any info. in the search engine. Being the old poot that I am, probably not wording it correctly anyway. I like PCGS PRF69DCAM silver coins. Do these fancy labels they put on some of them really make any difference? FIRST DAY OF ISSUE, FIRST STRIKE, AMERICAN FLAG, etc. etc.
Myself, I just buy the certified coin and not the label so I kind of ignore this stuff. Am I missing something I should actually be looking for? Does it add any value?

 

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Only to fools!

Chris

 

Don't forget the idiots, and greedy making the "market".

 

I wouldn't go that far. They couldn't be that stupid because they realize that there are plenty of fools who will buy it.

Chris

 

People paying extra for labels is probably so their sets will be uniform. Like having all First Strike designated coins. They pay extra because they don't want to miss out. Some of the Hall of Fame baseball coin labels get crazy expensive with limited edition autographs. The same goes with Silver Eagle autographed labels, some of those carry premiums. Stick with collecting the coin first, it should serve you well.

 

The idiots are the buyers.

 

The only reason I have these is because JT was a friend. R.I.P. buddy!


Chris

 

Those special labels are just a gimmick.

 

Then they're not collecting the coins anymore.

I will pay more for types of holders, like doilies, but not for a special color, or a dead man's rotopen signature creating an artificially perceived rarity.

 

People pay extra for certain labels for a number of reasons (some already mentioned). The ones I can think of:

*Uniformity (want everything to look the same in their collection)

*Hype/marketing (people believe the sales pitch that certain labels are rare/could be worth more at some point)

*Misinformation (some-not many though-might still think that a "first strike" means the coin was an early strike as opposed to the reality: it was certified during a certain window and wasn't necessarily struck earlier than a non-first strike label)

*Flipping (since some people are willing to pay for first strikes, others get into the market to flip these labels to those that collect them)

*Just because (some just like them-and that's fine if you go into the purchase aware of what you are buying)

As for you @GUNNER63736 , as long as you are collecting the coin and enjoying it-don't worry what design the label has.

 

And to TV coin peddlers.

 

What's ironic is I see more modern coins in "First Strike" slabs than slabs without the designation

 

Just so you know, JT signed these in my presence at the FUN Show. You can tell from the slight differences in each autograph that they were not signed using an autopen. So, please don't show your ignorance by assuming that all signatures are signed that way.

Chris

 

JT was really cool. I wish I had the chance to meet the guy. Many years ago he was really active over on CU. He was always helping folks understand what was going on with a coin. We had a lot of fun PMs before his health went bad. I miss the guy.

 

And which MLB team did he play for in the '30s and '40', the Yankees or Red Sox?
Did you read my comment?

 

Yes, I did! Do you understand what you said? Let me refresh your memory.

Chris

 

Wow. I didn't mean to start a war here. I buy the certified coins for what they are. Never paid any attention to the label style. I guess what I was really wondering is whether I was missing something by not paying any attention to the labels. Thanks for the info guys.

 

These 2 coins are on Ebay. Same coin and both are PCGS PR70.
Which do you want, the regular label or the Earth Rising Label?



BTW... the regular label coin is $20 more than the Special Earth Rising Label.

 

I would buy the less expensive regular label without even thinking about it.

 

The special label does not add any value to the coin. Having said that, I readily concede that label nonsense has made them more expensive to buy since scads of people obviously don’t hold my viewpoint.