Comments on: Limited Edition Silver Proof Set for Last Year

By: Jim raitmaier

Jim raitmaier — Fri, 22 Jan 2016 00:52:09 +0000

Let’s clarify with 2 finger typing. The finish on the backs of the coins(obverse quarters reverse rest)on the 2013 and 2014 sets is different – they ARE NOT “leftover and reject coins from other runs. I’ve been trying to tell people this for over a year – I would like to think that this would make these coins extremely desirable as I have alot of sets for stated reasons. $$$

By: Liz

Liz — Thu, 05 Nov 2015 12:32:25 +0000

Thanks Jim, I learned from your reply. Very interesting I thought first strike and early release were the same, so technically only the mint should be able to label a coin first strike!

Liz

By: bobby

bobby — Thu, 05 Nov 2015 00:48:06 +0000

In reply to jim. You want graded buy graded. and be carful buying online not all 70s are the same.

By: jim

jim — Wed, 04 Nov 2015 17:42:41 +0000

Liz –
“First Strike” is a misnomer since there’s no way anyone can tell if a coin was struck first or last. It really should be “First Release” instead. The mint makes coins well in advance of their release date and stores them away. Actually they are distributed in last-in-first-out sequence. Plus the dies are replaced frequently with new dies which if there was a way to tell, would be “First Strike” coins as well. The “First Strike” label is a construct created by the graders to generate sales and nothing more (it’s just a piece of paper after all). It adds nothing to the quality or value of the coin but there are those who blindly follow the graders and pay more for these labels in the secondary market.
The graders have certain restrictions for a coin to qualify for the label but certainly quality is not one of them. So you are right, if you are paying more for a 70 coin with a “First Strike” label than for a 70 coin without that label you are being ripped off. The sad thing is that there are people who believe in the label and will pay more for it which raises the general price of a coin with that label anyway, regardless of the coin’s true value.

By: Liz

Liz — Wed, 04 Nov 2015 13:24:05 +0000

I’m a new collector, and looking for explanation why we pay graders extra for the ” first strike” label upgrades on coins that sold out first day offered by the mint?

If a particular set sold out then isn’t true all of the coins are first strike/ early release? To me the the label is a rip off. I would love a conversation around this labeling.

By: bobby

bobby — Wed, 15 Apr 2015 14:19:30 +0000

the US mint is the only government organization that shows a profit. until we use our heads and buy what we no we can sell for a profit from the mint they will continue to sell junk.

you must be a collector that believes the first strike is worth more than just a plain slab. when first sold from the mint you can make a quick buck if you are lucky and receive quality coins..

the mint makes the coins before they sell them the first coins are on the bottom of the pile the last coins made are sold first?

you want graded by graded. you want OGP never open the box and store as is if the mint sells out you might be able to sell that early unopened dated box for more than you can buy the same graded. in ten years? the only thing you will care your slab says is 70.

just my opinion we all have one.

By: Andrew Gartner

Andrew Gartner — Tue, 14 Apr 2015 23:25:16 +0000

Checkout my damaged 2014 Limited Edition Proof Set Graded by NGC. NGC wouldn’t let me inspect the coins first. Everyone wins but the consumer.

http://www.ngccoin.com/certlookup/index.aspx?CertNumber=2658006-001
http://www.ngccoin.com/certlookup/index.aspx?CertNumber=2658006-008

By: bobby

bobby — Thu, 09 Apr 2015 00:58:08 +0000

The only reason to buy from the mint is you might make a buck?. you feel lucky do it.

By: Rick Smith

Rick Smith — Tue, 07 Apr 2015 15:55:33 +0000

Take a look at what the 2012 limited edition proof sets are selling for on ebay. $500+

By: Tim Catenac

Tim Catenac — Sat, 04 Apr 2015 00:47:34 +0000

I have purchased two 2014 mint sets and both proof sets have scratches on the inside of the plastic display case from the coins rubbing against it during shipping.
any one else had these issues?