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Circulated Vs SMS Coins

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cladking's Avatar
United States
2270 Posts
 Posted 09/04/2025  6:30 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply

Quote:
This is why it matters. There's a big difference in price for SMS vs business strikes in the higher grades. I automatically assume that every nice 65-67 coin is SMS. If there were ways to differentiate, it would make the search more interesting.


The problem is almost all the tell tale signs that it's not SMS appear as what most consider "imperfections". Experts are likely to interpret these imperfections properly as being evidence of being not SMS but the coin starts off with one strike against it.

I'd suggest if you like strike to get a well struck coin with evidence of die wear. And if you prefer pristine surfaces get a weaker strike. Usually everything else will be graded SMS.

I've heard horror stories of people finding near perfect coins in BU rolls and having them come back SMS but most that look SMS are.
Time don't fly, it bounds and leaps.
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seamonkey5150's Avatar
United States
875 Posts
 Posted 09/05/2025  10:04 pm  Show Profile   Bookmark this reply Add seamonkey5150 to your friends list Get a Link to this Reply
I wonder if this will also apply later on with the 2005-2010 Satin finish coins if they get into circulation. You know at some point someone will get grandpa's collection and coinstar them or take them to the bank. Especially if they take them into a coin dealer and he tells them those are common coins and only worth face value when they are not still in the original mint sets.

I'm curios to know what a circulated statin will look like. Maybe just dull
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jbuck's Avatar
United States
187446 Posts
 Posted 09/07/2025  12:33 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I wonder if this will also apply later on with the 2005-2010 Satin finish coins if they get into circulation...
The satin finish is more obvious, at least to me. I believe that the amount of circulation needed to obscure it would make the determination irrelevant. Cladking probably has a more accurate take on it though.
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cladking's Avatar
United States
2270 Posts
 Posted 09/07/2025  4:06 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply

Quote:
The satin finish is more obvious, at least to me. I believe that the amount of circulation needed to obscure it would make the determination irrelevant. Cladking probably has a more accurate take on it though.


I can make some predictions about how coins will wear because of things like rims, texture, location of high points, etc but for the main part I almost completely rely on experience; just waiting to see. I've only even studied a couple of the satin finish. I'd expect them to often be nice looking AU's but I wouldn't expect it to be visible on many coins below XF+.

Your contention is certainly right at this time. Even with the low mintages prices are extremely low. The real rarity might lie in choice examples of the circulation issues. It's often the case that some dates rarely come nice. If in the future people collect SF then there is every chance that even circulated examples could be deemed "desirable".

Time don't fly, it bounds and leaps.
Edited by cladking
09/07/2025 4:55 pm
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