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 Replies: 20 / Views: 3,223 |
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Pillar of the Community
United States
1208 Posts |
I was at the library yesterday, and saw their magazine display, where the "Coins" magazine caught my eye. I haven't read a coin related magazine in about a year, so I picked up the July 2012 issue and sat with it for a while. Anyway, point of the post is that I was looking through their coin price guide and noticed that they had values listed for satin coins beginning in 2005... Nothing surprising there, however the fact that they have separate values thought out and listed for all the clad coins minted in 'satin finish' all the way through 2012 was an eye opener! Seems to me that the prices for satin finish 2011s and 2012s would be MUCH, MUCH higher than what they listed!  Edited by ratio411
06/15/2012 07:09 am
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Pillar of the Community
United States
6326 Posts |
Not a "price guide" that I would put too much stock into.....might be better than, say, RedBook, but still not accurate. As far as Satin pricing.....I wouldn't think they'd be all that high in the real market world.....still too new. I guess, as usual, ebay would be a very good "test" to see what stuff is going for right now....... or a call to a coin shop to see what prices they're selling for/or buying for. |
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Bedrock of the Community
13014 Posts |
I agree with Eagle. ebay is probably the best way to find out about what their real value actually is and if its trending up or down |
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Valued Member
United States
157 Posts |
Seems like a few have missed the OP's point. Read a little closer, fellow numismatists.
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Moderator
 United States
188213 Posts |
 I got it. Quote:
Seems to me that the prices for satin finish 2011s and 2012s would be MUCH, MUCH higher than what they listed! |
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Pillar of the Community
United States
797 Posts |
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Pillar of the Community
United States
2150 Posts |
A lot of folks here on CCF might not be "in the know" when it comes to ultra moderns. I got it, but as I was reading the op's post I was thinking, a bunch of people are not gonna get this.
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Moderator
United States
188213 Posts |
Maybe that is the point... to see who knows, who does not know, and start a conversation.  |
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Pillar of the Community
 United States
1208 Posts |
Yeah, my post was definately 'tongue in cheek'!  |
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Pillar of the Community
United States
1208 Posts |
I guess now I have to look at other 'price guides' and see
what they have for 2011 and 2012 satin finish values...
That would sure tell which guides are worth a darn.
Edited by ratio411
06/15/2012 6:02 pm
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Pillar of the Community
United States
1027 Posts |
The mint has not stopped striking special uncirculated coins, they only made some changes to make them less expensive to produce. They have not returned to the pre-2005 practice of putting circulation strikes in uncirculated sets. For this reason, even though the nomenclature is misleading, calling the coins "satin finish" just distinguishes them from circulation strikes and is acceptable to me. They are still a special coin, struck only for inclusion in special sets.
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Bedrock of the Community
13014 Posts |
Quote:
Seems like a few have missed the OP's point. Read a little closer, fellow numismatists. I had a feeling there were some coins that dont exist but in all honesty dont follow the satins at all so didnt know for sure |
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Pillar of the Community
United States
1208 Posts |
Quote:
The mint has not stopped striking special uncirculated coins, they only made some changes to make them less expensive to produce. They have not returned to the pre-2005 practice of putting circulation strikes in uncirculated sets. For this reason, even though the nomenclature is misleading, calling the coins "satin finish" just distinguishes them from circulation strikes and is acceptable to me. They are still a special coin, struck only for inclusion in special sets. Um.... Nope. They may have stripped the term "business strikes" from them, but they are nothing special, at all. The "Changes" they made to save money was to discontinue the satin finish. That is all that distinguished them from the business strikes... Therefore without satin finish, they are business strikes. Edited by ratio411
06/15/2012 11:16 pm
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Pillar of the Community
United States
4132 Posts |
According to the mint: Quote:
United States Mint uncirculated coins are struck on special presses using greater force than circulating coins, producing a sharp, intricately detailed image. And they sell "circulating quality" products for certain coins, like the ATB Quarters. So "uncirculated" set coins are different than business strikes. Whether the numismatic community wants to make a special distinction isn't yet clear. There was a time when it was normal to have a proof as the Philadelphia representative in a set instead of a business strike (Louis Eliasberg's "complete" collection was this way in some cases). Edited by CaptainFwiffo
06/15/2012 11:47 pm
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Pillar of the Community
United States
1208 Posts |
Some of the crap that I have gotten from the mint, I see no need to make a special distinction. They are often lesser quality than some uncs that I get in change from fresh rolls. Certainly not 'satin', as they were discontinued in 2010. Apparently Coins Magazine didn't read the press release. |
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Bedrock of the Community
United States
17884 Posts |
when you are done laghing at Coins Magazine for listing prices for coins that don't exist go get you 2000 redbooks and have another laugh about the silver Sac dollars. |
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Replies: 20 / Views: 3,223 |
Posted 06/15/2012 10:18 am
