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 Replies: 10 / Views: 1,520 |
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New Member
United States
41 Posts |
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Rest in Peace
United States
2884 Posts |
I think its kind of neat. I'm looking forward to seeing them. Mike
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Valued Member
United States
382 Posts |
Now is that going to mean that these coins will get a SMS designation or "Satin Strike" if they are graded by a TPG? If they are trying to differentiate these strikes from normal business strikes, wouldn't this be considered a variety? Look at years 1965 to 1967 when no proof sets were issued, BUT the mint offered special mint sets (SMS) that designated these coins from the circulated ones. Even back then, some of these coin received cameo and deep cameo grades (these are very pricey!) so I would expect the same when 2005 comes out. I am trying to figure out for my Lincolns if I need slots for a 2005-P, 2005-D, 2005-S (Proof) and now in addition to: 2005-P SMS and 2005-D SMS. Also, for the 2005 Bison Collectors, this will throw everybody for a loop as many have expressed disappointment with 2005 Bison strikes and quality. As of today will all that have been minted, PCGS has only graded 18 MS65's (from BOTH P and D mints) and 3, count them...THREE MS66 2005 Bison nickels. I know that many wanted to see how they would look in Mint packaging where these population numbers would start to see MS67 and MS68's. So...does that mean when they come out, will 2005 Bison nickels be graded the same way with this notation? Hmmmm...could be interesting in the grading and registry circles. |
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Pillar of the Community
United States
2270 Posts |
quote:
Originally posted by zakgold
Now is that going to mean that these coins will get a SMS designation or "Satin Strike" if they are graded by a TPG?
If they are trying to differentiate these strikes from normal business strikes, wouldn't this be considered a variety? Look at years 1965 to 1967 when no proof sets were issued, BUT the mint offered special mint sets (SMS) that designated these coins from the circulated ones. Even back then, some of these coin received cameo and deep cameo grades (these are very pricey!) so I would expect the same when 2005 comes out.
I am trying to figure out for my Lincolns if I need slots for a 2005-P, 2005-D, 2005-S (Proof) and now in addition to: 2005-P SMS and 2005-D SMS.
Also, for the 2005 Bison Collectors, this will throw everybody for a loop as many have expressed disappointment with 2005 Bison strikes and quality. As of today will all that have been minted, PCGS has only graded 18 MS65's (from BOTH P and D mints) and 3, count them...THREE MS66 2005 Bison nickels. I know that many wanted to see how they would look in Mint packaging where these population numbers would start to see MS67 and MS68's.
So...does that mean when they come out, will 2005 Bison nickels be graded the same way with this notation?
Hmmmm...could be interesting in the grading and registry circles.
There are a lot of possibilities if these really will be different than the regular issues. Most collectors would want both. It will mean a lot more work to keep collections up to date. In the past most collectors would add a coin from whatever source it became available or seek out the finest and usually end up with a mint set coin. There already is a real difference between production issues and mint set coins. Many steps are taken to assure crisp full strikes and good quality on these coins. They aren't collected separately simply because there is no definitive way to separate one from the other but with experience you'll know 90% of the time even among coins of the same grade. This same is really true for the SMS in that you can rarely be truly certain. This would send collectors scrambling to look at the regular issues for the first time in two generations. Varieties will be found more quickly and people will pay much more attention to the various release points for these as well as for gems. This could stand several of the fledgling markets on their ears depending on how collectors react and how dramatic the diffference. Out with the old, in with the new. Tempus fugit. Time don't fly, it bounds and leaps.
Edited by cladking
05/08/2005 08:44 am
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New Member
 United States
41 Posts |
I had purchased a bag (of 500) of the P and D Buffalo nickels just because I thought I could turn a profit on them. With this new change, I think there will be more of a demand for the 'business stikes' for peoples collections. I also believe that this will lead to a lot more error coins in the mint sets. Just my SWAG (Scientific, Wild Ass Guess). |
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Valued Member
United States
421 Posts |
I think it totally stinks that there is not going to be a true Mint Set any more. This is like having two different finish proof sets to me. I don't collect proofs and I won't collect 'satins' either.
I will now have to look for a different way to get my business strike Half Dollars and Dollars for my sets, though, since I won't be able to get them in Mint Sets any more. Bah Humbug.
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Pillar of the Community
United States
2270 Posts |
quote:
Originally posted by Stujoe
I think it totally stinks that there is not going to be a true Mint Set any more. This is like having two different finish proof sets to me. I don't collect proofs and I won't collect 'satins' either.
I will now have to look for a different way to get my business strike Half Dollars and Dollars for my sets, though, since I won't be able to get them in Mint Sets any more. Bah Humbug.
It could be worse. You could have a lot of time and effort already put imto the older mint sets.  I wouldn't take anything the mint says about mint sets at face value. They make contradictory statements frequently. They announced a big quality improvement back in '94/ '95 that never materialized. A lot of mint set coins already look a lot different than anything you can find in circulation. Many of the finest mint set coins look like burnished proofs or sometimes brilliant branch mint proofs. It's difficult to predict (and perhaps not yet determined) just what the coins will look like when struck by chromed dies. Certainly it will be very difficult to tell a 2004 dime from a 2005 dime struck by new dies unless these are also frosted. Some of the older mint set dies did have a light frost but this always wore off in the first ten or twenty strikes anyway. I'm taking a wait and see attitude. Time don't fly, it bounds and leaps.
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Rest in Peace
United States
2884 Posts |
It sounds to me like they may look like matte proofs. Why would they want a distinction anyway. Mint sets are supposed to be clean examples of business strike coins. Proofs are struck purely as collector coins with mirror fields and frosted devices. Sounds to me like a new kind of collection. Mike
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Valued Member
United States
421 Posts |
quote:
Originally posted by Mike
It sounds to me like they may look like matte proofs. Why would they want a distinction anyway. Mint sets are supposed to be clean examples of business strike coins. Proofs are struck purely as collector coins with mirror fields and frosted devices. Sounds to me like a new kind of collection. Mike
That is kind of what I am imagining too. Something matte like an SAE. I really don't care that they are making a new finish mint set. I won't care when they come out with the gold plated mint sets net year either.  I just wish they would keep the old one too. Yes, there can be a bit of difference when you get one of the mint sets now but not much and nothing near the difference I am thinking these are going to be. It won't be a huge issue to me. Just a bit of hassle to get dollars and halves. The rest I can get through the bank, I imagine. |
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Rest in Peace
United States
954 Posts |
Here's my Two Cents. I don't like the change either. I have been using mint set to complete my State Quarter set. With this I'm going to have two different types of coins in the set. catman  |
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Pillar of the Community
United States
4867 Posts |
I use the mint sets for State Quarter singles too. If it does change, I guess I'll have to go back buying regular issue singles from ebay. It's dumb to change them now partway through the quarter series. David |
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Replies: 10 / Views: 1,520 |
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Posted 05/08/2005 06:55 am
