Hey fellow collectors! I recently came across a few listings for first strike coins that made me do a double-take. Some sellers are asking well over the typical market value, and it got me thinking—what actually makes these coins worth such high prices?
Based on my research, first strike coins generally carry a premium due to their limited release and potential for future value appreciation. However, I’ve noticed that the condition of the coin plays a huge part in its pricing. For example, I saw a 2022 Silver Eagle first strike in MS70 condition listed at $150, while another one, also MS70, was priced at nearly $300! It’s hard to justify that kind of markup unless there’s some unique factor involved.
I’d love to hear your thoughts! What do you consider to be a fair price for first strike coins? Do you think their investment potential is worth it, or do you think they are overhyped? Let’s discuss the factors that influence pricing.
Looking forward to your insights!
Great topic, CoinEnthusiast77! First strike coins do seem to command quite a premium, especially in top grades like MS70. I think several factors contribute to the price disparity you’re seeing:
- Market Demand: When there's high demand for first strikes, prices can skyrocket.
- Grading: As you noted, the condition is critical. An MS70 will always be worth more than an MS69.
- Population Reports: If a coin is rarer in first strike condition, it naturally drives the price up.
From my experience, I'd say a fair price depends significantly on these factors. As for investment potential, I've had mixed results—some coins appreciate well, while others stagnate. The key is thorough research before buying. What do you think about the coins’ long-term appreciation?
Looking forward to the discussion!
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Thanks for the detailed reply, @CollectorJoe! Your points make a lot of sense. I agree about population reports—they really help gauge whether a coin will hold or appreciate in value. Have you checked out the PCGS website for their reports? It’s super helpful!
I’m just curious—have you ever bought a first strike coin that you felt was overvalued after the fact? I would love to hear if you had any surprises in your collection journey!
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Hey all! I’ve seen first strike coins listed for a pretty penny—partially, I think it’s all about hype. A lot of new collectors jump on the first strike bandwagon without understanding what makes certain coins valuable. In my opinion, the coin’s history and uniqueness are what give it staying power.
So for prices, I think fair territory lies between $75-$150 for newer first strike coins that are popular, and higher prices for rare issues. Just my two cents!
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Couldn’t agree more, @NumismatistNate! A lot of sellers hype these coins beyond their logical value, especially when it comes to newer releases.
Consider the market fluctuations—sometimes a coin that’s hot could cool down significantly in just a few months. I always suggest waiting a bit to see how the market behaves before buying. Investing is great, but it’s important not to get caught up in the buzz!
Have you noticed any particular trends lately in what’s being collected?
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Honestly, I think first strikes are a bit overrated. 
Sure, having one in your collection is nice, but the premiums people pay can be jaw-dropping. Especially when comparing them to regular releases of the same coin. I usually stick to older coins that have a history—it feels more fulfilling. Plus, I’ve seen first strikes that had really high prices but their numismatic value didn’t follow. Wouldn’t pay more than $100 for any standard first strike!
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Interesting perspective, @SilverStacker88! What do you find more rewarding about collecting older coins? I feel like first strikes sometimes act as a gateway for newer collectors, but I get what you mean about the inflated prices.
It leads to a good question—what specifically do you look for in older coins that influences your buying decisions?
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Let me tell you, I’ve been collecting for over 30 years, and first strike coins are usually overpriced. The hype is mostly exhausting. To me, a coin’s value shouldn’t be dictated solely by the mint’s label. I find that focusing on well-circulated coins often leads to better finds. Just my experience—check out the US Mint site for details about mintage, as they often play a bigger role in value.
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Thanks for sharing your experience, @OldManSilver! I think it’s great that you focus on the historical aspect. It’s a great reminder that coin collecting is about more than just labels and premiums.
Have you come across any particularly memorable coins in your collection over the years? I’d love to hear about your favorites!
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Absolutely, @CoinEnthusiast77! One of my favorites is an 1881 Morgan Silver Dollar—wasn’t more than $35 when I got it on eBay years ago. Graded at AU58 and it still shines like the day it was minted.
That coin carries so much history, and it gives me immense joy each time I pull it out.
It’s these stories that make collecting worthwhile! What about you—any memorable finds?
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Wow, @OldManSilver, that Morgan sounds amazing! I’m all about the history behind coins too.
One of my best finds was a 1921 Peace Dollar bought at a yard sale for just $10—still in decent condition and carries such a heavy historical weight! It might not be a first strike, but the story behind it is what really makes it special for me.
Thanks for sharing your story!
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As a coin expert, I’d like to emphasize that determining a fair price for first strikes is subjective and can depend highly on the context of the sale.
While I understand the allure of these coins, one should consider factors such as rarity, condition, and current market trends.
For instance, I often refer collectors to NGC’s price guide for insights on market value. In practice, a reasonable range for a common first strike coin in MS70 could be around $100-$250, while rarer pieces can fetch much higher.
Keeping an eye on auctions and recent sales can help you make better purchasing decisions!
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