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 Replies: 32 / Views: 3,248 |
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Pillar of the Community
United States
980 Posts |
Welcome BZ! seen your posts elsewhere. Hope you like it here...
Don
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Valued Member
United States
254 Posts |
Hi bzcollektor, welcome!  quote:
How about this? The mint currenly offers Business Stikes, Mint Sets (different), and Clad Proof Sets, and Silver Proof Sets. They also offer special 4 coin presentation sets, 6 coin presentation sets, and bullion. Sounds like this is just one more way to remove the dollars from the collectors pocket.
I agree that this seems like another money-making scheme, but I for one feel no obligation as a collector to purchase them. I don't feel it necessary to purchase any of the other sets, either- not only because I'm too poor to do so [:p], but also because they aren't what I'm really interested in anyway. The value of mint and proof sets don't really make them good investments, at least in my limited experience. I have a number of mint and proof sets from the 1970's and on, and many of them actually book less (in the overpriced high-retail magazines!) than what they were purchased for years ago. Sure they're pretty, and I certainly won't turn them down if offered to me, but I doubt I'll spend much money on them in the future. I *really* doubt I'll spend any money at all on bullion "coins", unless I am hoarding gold or platinum at my compound in Wyoming in preparation for the New World Order (hehe... just kidding  ). I guess what I'm trying to say is that I'm not going to let the U.S. Mint dictate, or even sway, my opinion as to what I should be spending my money on. Collect and buy what you want, pass on what you don't, and try to educate others on all of it. Regards, ~neuron |
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Pillar of the Community
United States
7123 Posts |
quote:
Originally posted by bzcollektor
"I could live with SMS, SATIN MINT SET, but disagree with the special mint set designation!"
I like crystaltalk64`s designation of Satin Mint Set. It is the most
accurate description of these sets. Perhaps we as numismatists can
co-opt the SMS designation. We all just simply refer to them as
Satin Mint Sets, no matter what NGC or anyone else wants to call them
Hi BZ and welcome Far be it from me to disagree with a PILLAR OF THE COMMUNITY but I do !! any special designation given to these coins will result in the market price being higher, and for what ? an attempt to cover up a great big blunder and then try to capitolize on it by creating a special minting designation !!! Lets call them what they are, bogus special mints sets and designate them BS as Dan has suggested !! Rick |
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Valued Member
United States
421 Posts |
quote:
Lets call them what they are, bogus special mints sets and designate them BS as Dan has suggested !!
That is fine with me! As long as there is some terminology to seperate them from regular, real business strike coins when I am talking about coins and my collection. |
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Pillar Of The Community
3147 Posts |
Stujoe has said it best! THERE must be a designation to separate the two distinctively different coins. Like it or not THEY ARE DIFFERENT and satin says it all or perhaps we should say Matte? Doesn't matter to me one way or another and regardless of what the Mint's intentions are or were we still as collectors must be able to communicate the difference in these and supposedly next years coins. I don't know where all of this is going as I was perfectly content with proof and business strike coins but now there is a new dog in the house and it is very important now and in the future that we recognize this dog so that we don't get BITTEN down the road.
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Pillar of the Community
United States
7123 Posts |
Well in reality .we as collectors will have nothing to say about what they are called !! My personal opinion of what the coins represent need not be anyone elses!! they will be called satin proofs or some other mis leading term to elevate there value, and that is ok I suppose only a true blue died in the wool sell the farm collector will own them. wait till the first round of extremely rare SPR-70's hit the market .
We will find out who is the dog and who is the bone !!
Rick
Edited by Metalman
06/22/2005 9:17 pm
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Valued Member
United States
458 Posts |
My suggestion is call them OP-69, as in ooppps, we made a boo-boo. I tend to think that the mint made a mistake and stuck to it--either way it no matter to me cause I am not going to collect that junk-- As for the TPG, they are nothing but a greedy business, they have to call those coins something & to OPS-69 are the terms they should use--I agree with the majority in here, you guys watch, this will be a 1 year flop, maybe 2, after that the mint will go back to what they been doing--esp if what metalman states, that it's the nickels fault--  |
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Pillar Of The Community
3147 Posts |
CISco, Nothing would please me and the other collectors who seem to be collecting this junk, as it has been called, more than to see the mint go back to regular business stike coins in mint sets! You got any idea what this one year set of junk would be worth then? Throw in the fact there are two six months issues of nickels in this junk and Katy bar the door. Seems to me some of you, in you apparent dislike of these coins don't realize what you are wishing for. The coins have been produced and shipped to thousands and all we are trying to do is give them a designated name that would be a standard across the board. Call them what they are Satin Mint Sets and satin coins. No more, no less and this is another example where the ANA is failing the collecting community in the U.S. They should step up and tell the grading companies WHAT they will be called and not the grading companies calling the shots! While I didn't particularly care for this change in the mint sets it does created another BUFFALO for me to add to my collection so I can live with it. I would suggest all you nay-sayers wait one year and then see if you WISHED you had grabbed a few of these. The nickels in this set will be the LOWEST PRODUCED for the year. Less than the business strikes and less than the proofs. And, all the other coins will be the least minted as well! MARK MY WORD! |
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Pillar of the Community
United States
7123 Posts |
Chrystalk
You know, your senario is really just the flipside of the coin ,can you think of any other coins with low mintage numbers that have not gone really anywhere as far as top values ?
The 1933-S walker is one that I think of right off the top of my head, only minted that year in San francisco with just 1,786,000 minted !!
Im betting that the production run of these satin mint set coins will exceed that by several million at least, then we have to wonder about the population of high grade verses the number of coins produced ,, and that could equate to a coin that will or could in reality kill itself .
especially if the grading companies continue to call these coins proofs !!
You are right about this though (time will tell!!) but I think one year is short of the distance that will have to be waited to see if these coins do anything !! I'm thinking more like 5 years much the same way as a commemorative ages and matures.
Rick
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Pillar Of The Community
3147 Posts |
One must also keep in mind the masses WERE NOT collecting many other low mintage coins. EVERYONE is collecting Statehood Quarters and these new nickels and many are then moving into other areas of collecting and that is helping drive the market at this very time. In my lifetime I have never seen anything like this. I am supply quarters and nickels to little old ladies that never gave coin collecting a thought in the past and believe me when I say they ALL keep in touch with me and KNOW when a new item is about to be released. Time will tell! |
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Rest in Peace
United States
2884 Posts |
I say we "vote" on these coins the way we do with most things. If you like the new idea and finish, buy them and call them the 2005 mint set. Period! If you dont like them, don't buy them! Poularity will sort out the future of these coins. Mike |
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Pillar of the Community
United States
7123 Posts |
Mike
Im not sure why you want to end conversation on this subject by a terse reply? but I firmly believe that there are things to be learned here, by and from both views !! healthy debate is at the heart of our hobby !!
By the way ,,have you read the july Issue of coins ,a great article on celebrating Liberty ,, nice to see that some of the published people feel the same about our modern coinage and faces that appear on them !!
Rick
But if it makes you happy then so be it !!
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Rest in Peace
United States
2884 Posts |
Hey Rick! I'm not sure why you think my post was terse and am further lost by your question about liberty and our future coinage. I for one would love to see that! My post was made after reading yours that said...(see below) I thought I was agreeing with you!!! Mike  Well in reality. we as collectors will have nothing to say about what they are called !! My personal opinion of what the coins represent need not be anyone elses!! they will be called satin proofs or some other mis leading term to elevate there value, and that is ok I suppose only a true blue died in the wool sell the farm collector will own them. wait till the first round of extremely rare SPR-70's hit the market . We will find out who is the dog and who is the bone !! Edited by Mike
06/26/2005 10:41 pm
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Pillar of the Community
United States
7123 Posts |
Mike
the question was to change the subject as well as inform of the article ,, as for the post it just felt like it was a wish to end the thread with a finality.
if I was wrong about it I apologise !!
Rick
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Rest in Peace
United States
2884 Posts |
Hey Rick! No apology needed. It was intended to be an "as matter of fact" or an "oh well" sort of thing. I did not intend it as a stopper, just thinking that it whats going to happen, just as you pointed out we really won't have a chioce at the new name. The debates are a great part of this forum and I learn stuff from them every day. If they were to stop, how would we learn? Maybe you could post a new thread highlighting the article about Liberty and modern Coinage. Thanks, Mike |
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Posted 06/22/2005 12:33 pm
