First Day of Issue Labels

Posted by Derek Sawchenko on

The First Day of Issue label for numismatic coins is significant because it is a special label. The label is placed on the case of the coin. Coins with this label sell for a higher price than those without the label. They are considered a rarity and are often of low population compared to their non-label counterparts.
            The Numismatic Guarantee Corporation, also known as NGC, offers First Day of Issue label for coins. According to the NGC website, “NGC offers the First Day of Issue designation for select coins that are received by NGC or an NGC-approved depository within one day of the first release of a new coin issue.” The label is available to those who submit bulk quantities, at select trade shows, and can even be offered to all who submit a request. There are a few different cases, or instances, where the label is available. In all cases, it is offered upon request and a higher grading fee. 
            The Professional Coin Grading Service, also known as PCGS, offers First Day of Issue labels for coins. According to the PCGS website, “Special First Day of Issue inserts are available through the PCGS Bulk Submissions program for coins postmarked on their release date.” The label may also be available for coins after the release date if they are in their original encapsulation cases. 

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