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The lawsuit revealed that the designation of "First strike" is essentially a successful marketing tool. There is essentially no way to know when a coin was struck. While PCGS retains the use of the term, NGC has changed their designation from "first strike" to a more accurate description: "Early
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The U.S. Mint has stated that they do not keep track of which coins were struck first. The mint has dates on the packaging for the coins, however they also state that the shipping dates do not reveal exactly when the coins were struck.
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in a Miami court, alleging the "First Strike" label is deceptive. The lawsuit was filed against the two coin grading companies:
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companies have decided that a "first strike" coin is one that shipped from the mint in the first month of the new minting.
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In 2007 NGC settled the lawsuit by paying money to collectors and the attorneys. They also designated 447,500 dollars for
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204:"Suit Alleges 'First Strike' Label for Collector Coins is Deceptive"
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maintains that there is no widely accepted and standardized
23:which refers to coins which were struck first by a
121:""First Strike" or "First Release" Designations"
183:. CMI Gold & Silver, Inc. 18 September 2006
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177:"FIRST STRIKE COINS AND EARLY RELEASE COINS"
148:"First Strike Coins - A Marketing Goldmine"
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228:. Active Interest Media. 21 July 2008
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202:Anderson, Curt (18 December 2006).
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127:. United States Mint. 6 June 2016
78:Professional Coin Grading Service
64:lawyer filed a 10 million dollar
47:No U.S. Mint First Strike Program
21:third party coin grading services
226:"NGC reaches settlement terms"
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264:American advertising slogans
19:is a marketing term used by
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269:Coins of the United States
82:Newport Beach, California
70:Numismatic Guaranty Corp
206:. Wells Media Group LLC
35:industry definition of
259:Advertising campaigns
154:. Dotdash publishing
181:cmi-gold-silver.com
152:thesprucecrafts.com
89:consumer education
72:., (NGC) based in
37:First Strike coins
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230:. Retrieved
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129:. Retrieved
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41:coin grading
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17:First strike
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254:Numismatics
248:Categories
232:31 January
210:31 January
187:31 January
158:31 January
131:31 January
125:usmint.gov
104:References
100:Release".
60:In 2006 a
39:. Several
33:numismatic
95:Marketing
29:U.S. Mint
76:., and
66:lawsuit
56:Lawsuit
27:. The
62:Miami
234:2020
212:2020
189:2020
160:2020
133:2020
25:mint
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