Two Coin Eagle Set

Discussion in 'Bullion Investing' started by capthank, Sep 9, 2019.

  1. capthank

    capthank Active Member

    I recently purchased a two coin 2010 Eagle set at auction certified first strike 141 of 746. When I went on line to verify that they are first strike coins and legitimate I would get an error message on both coins when I entered the number. Concerned I called ANACS customer service and after discussing and waiting I was told to send the coins in as this number and old slab is discontinued. They will re-slab/renumber for free but I pay shipping and handling. Does this sound OK? I am new at this and just asking to educate myself. Thanks for any assistance. Silver Eagle ANACS.jpg Gold Eagle ANACS.jpg Gold Eagle ANACS.jpg Silver Eagle ANACS.jpg Gold Eagle ANACS.jpg Silver Eagle ANACS.jpg Gold Eagle ANACS.jpg
     
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  3. spirityoda

    spirityoda Coin Junky Supporter

    I would leave them as is. Wait for other opinions...
     
  4. capthank

    capthank Active Member

    Thanks. I'll wait
     
  5. midas1

    midas1 Exalted Member

    If you're going to resubmit them I'd use NGC or PCGS.
     
  6. capthank

    capthank Active Member

    thanks
     
  7. Kentucky

    Kentucky Supporter! Supporter

    ANACS will do it for no charge, whereas you are gonna pay a bunch to do them through NGC or PCGS and probably will not make up in value what you have to pay. We have dealers on here who might be able to address this. Don't be in a hurry.
     
  8. capthank

    capthank Active Member

    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.
     
    Kentucky likes this.
  9. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    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?

    Chris
     
    midas1 and Inspector43 like this.
  10. Inspector43

    Inspector43 70 Year Collector

    The US Mint can guaranty that only one coin is First Strike because they only have one and they keep it. First Strike, Early Release and other labels are just promotional gimmicks developed by big business to attract people that don't know what the mint process is. First In - Last Out like any other inventory process. Soon they will be making coins for 2020 and putting them in storage for release next year. I wouldn't spend a nickel to have them corrected.
     
  11. Inspector43

    Inspector43 70 Year Collector

    Following is a response I got from Coin World Senior Editor. This was subject to West Point, but it applies to all mints.

    "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."
     
    Randy Abercrombie likes this.
  12. Santinidollar

    Santinidollar Supporter! Supporter

    I see two things here that I think are of questionable value. One has been pointed out: the first strike designation. The other is grading a bullion coin. I know that will get some contrarian views, but that’s how I see it.

    Either leave them alone or ship them back to ANACS. For all you know, NGC or PCGS will downgrade them.
     
  13. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I agree with this. Graded bullion is still simply bullion. Most buyers will not pay a premium for the plastic.
     
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  14. capthank

    capthank Active Member

    Price was right. I did not pay a premium for the plastic or grade but my question is why would I get an error when I enter the certification number and then be directed to send them back for re-slab and re-numbered.
     
    Kentucky likes this.
  15. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Who knows! They may have screwed up and certified 7,450 as MS70 instead of 745.

    Chris
     
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