Hey everyone! I’ve been diving deeper into my collection lately and one topic that keeps popping up is first strike coins. I currently have a gorgeous 2021 American Silver Eagle that I’ve been considering submitting for grading soon. The allure of the first strike designation is really tempting, but I can’t help but wonder if it’s truly worth the extra cost and fuss.
From what I’ve gathered, people often argue that first strike coins have a little more collectible cachet and can sometimes fetch a premium. However, they seem to be somewhat of a marketing term to many. My Silver Eagle is in stunning MS70 condition, but would adding that first strike label really make a difference in the long run? I’ve seen mixed reviews in forums and was hoping to get some insights from you all.
Do you think the added value of first strike coins justifies their higher price tags? Have you all had experience with them in your own collections? I’m curious to hear your stories and opinions!
Great topic, @CoinEnthusiast92! The debate around first strike coins is definitely intriguing. I’ve been collecting for a while now, and while I appreciate the idea of having a first strike designation, the premium they command can sometimes be inflated due to marketing. Don’t get me wrong, I do own a few first strike coins, including a couple of 2020 American Silver Eagles, but I tend to lean towards the intrinsic value of the coins themselves rather than the label. If you have an MS70, that’s already remarkable! I’d personally recommend weighing the cost of grading with the first strike label against the potential market return. Maybe focus first on getting a few good quality examples in your collection before diving into that premium tier. Just my two cents!
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I totally agree with you, @CoinLover88! I had a 2019 Silver Eagle that was graded as PF70 but didn’t have the first strike label. It was tough to sell because I realized collectors were more drawn to the designation than the actual condition. If you’re just adding to your collection for enjoyment and not to resell, maybe skip the first strike hustle. It’s nice, but I think a good condition coin speaks louder than a label. Any thoughts on just keeping it ungraded for a while, @CoinEnthusiast92?
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From an expert standpoint, the appeal of first strike coins largely depends on the market and personal preference. First strike coins are typically minted within the first 30 days of release, making them slightly more desirable for some collectors. The market premium can be justified if you’re aiming for investment-grade coins. However, this isn’t universal—as mentioned, many collectors prioritize condition and rarity over the first strike label. It’s essential to research sales trends for similar coins on sites like PCGS or NGC. My advice? Assess your long-term goals in collecting: do you want to resell later, or are you in it for the love of the hobby? That will guide your decision. Cheers!
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LOL, @CoinExpert101! I think I’m more of a ‘first-strike at the dinner table’ type—so maybe that’s why I find the whole concept so amusing! 
But seriously, I can see both sides. Sometimes, it feels like the labels are just shiny stickers on a perfectly fine coin. Just make sure you have fun with your collection! Why make it overly stressful?
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Hey @CoinEnthusiast92, I once purchased a first strike coin just to see how much of a difference it would actually make. In the end, the market appreciation for the label was indeed noticeable, albeit not massive. If you plan on holding on to it long-term, I think it would be worth it to get it graded as first strike. But when reselling, condition really is king. Think about your strategy next, and that should help decide if you submit it yet.
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Thanks for the insights, everyone! It’s great to see such a range of opinions. I’m definitely leaning towards enjoyment over hierarchy in this hobby. @SilverSeeker99, keeping it ungraded is potentially appealing for now. I’ll weigh my options!
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First strike coins definitely have a specific appeal! I think it’s linked to their collector’s prestige more than anything. Collectors often feel a sense of ownership of the first batch, and it can add a little bragging rights. However, I personally think the added value can be marginal unless the coin is rare or in exceptional condition. I always stick to a small number of first strike coins in my collection, preferring coins with historical significance. What are your thoughts, @CoinEnthusiast92?
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You make a great point, @RareCoinHunter. I appreciate the more historical aspect of coins too. In a way, that story makes them more special. I’ll keep that in mind if I decide to dig deeper into the first strike world!
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