Does the free 50$ on party poker count as a first deposit?
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Nope 
Whatever you deposit at a later date will count for your first deposit bonus.
This page should give you more information:
http://www.pokerstrategy.com/party-poker/free50/
Thx lynius ♠_thumbsup:
If you need any further help or clarification SRBSavic1, just shout
Good luck & enjoy your poker,
Bart
Please note that if you have received your Free$50 on PartyPoker and wish to make use of a First Deposit Bonus, you must make your deposit within 60 days of registering the account, or you will not be able to qualify for any First deposit Bonus.
Regards,
Richard