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FIrst Strike Stupidity

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Brad Farley

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What makes them more money?

I was just looked over a back issues of the NGC newsletters. One article caught my attention in the September 06 newsletter about Coin Dealer? Or Mint Lackey? One of the concerns in the aricle was over money going for modern coins instead of older coins. The writer blamed the U. S. Mint and the $50 Buffalo and other limited edition coins. I think also some blame should be on the grading companies also for the bogus first strike labeling. I would like to know the difference between a coin stuck with the first die or the first coin stuck off the 20th die. Now comes the first strike classification the first "x" amount of coins shipped by will be first strike. Why is this so important? Has our ego grown so much being first is best in all aspects of life. I feel there is some blame on the grading companies they should grade on the qualifacation they always did, and stop the stupid inflation of coins. There is no reason MS69 and a MS69 should be priced different. They are just MS69 coins. The way the Mint works there is no real way of knowing if that coin was truly one of the first coins made. I guess what I am saying is do not just blame the Mint for money coming out of the market. Blame too the me first attitude and the grading companies for not just grading but dating the coins issue time.

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