Discussion in 'Bullion Investing' started by capthank, Sep 9, 2019.
Log in or Sign up to hide this ad.
Thanks. I'll wait
Thanks. They are already MS 70 so I wouldn't want pay more than shipping if they re-slab/re-number the coins. I just found it interesting that they recommended doing this.
The "First Strike" attribution is just garbage, anyway. Suckers (No offense intended!) are paying for an attribution that can't be proven and means nothing. Oh sure, ANACS attributed 745 sets in MS70, but that doesn't mean that there weren't 10,000 other coins of each denomination that were "First Strikes". There is a big difference in the quality of the very first strike and the 10,000th strike where the condition of the die is concerned. Can you prove which one you have?
"We have written a number of stories on the subject. It may be time to do another.
The Early Release and First Strike designations are a marketing tool. Like I said in my previous response, NGC and PCGS reserve those designations for coins shipped out of the West Point Mint within the first 30 days of release. There’s no way of knowing whether the coin is the first struck off a pair of dies or the 1,500th or 2,000th, for that matter, depending on die life. The West Point Mint ships the coins to the U.S. Mint’s contracted order fulfillment center in Memphis, and it’s from there the coins are shipped to the customers who ordered them."
Either leave them alone or ship them back to ANACS. For all you know, NGC or PCGS will downgrade them.
I agree with this. Graded bullion is still simply bullion. Most buyers will not pay a premium for the plastic.
Who knows! They may have screwed up and certified 7,450 as MS70 instead of 745.
Separate names with a comma.