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 Replies: 9 / Views: 1,545 |
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Pillar of the Community
United States
4867 Posts |
Does the US Mint still manufacture satin finish uncirculated sets? I never cared for the satin finish coins because they really didn't represent the coins found in general circulation. I haven't bought a set in several years for a couple of reasons. First I don't like the packaging. Takes more effort trying to bust them open. And secondly I feel the sets are bloated with too many coins...most of which I am not interested in. So for me it comes down to why would I want to spend more money for a set when all I want are the standard denomination coins? Those prez dollars are dull and boring and really tired of all these quarters. In hindsight, I think the eagle quarter design should have been minted alongside the State Quarter designs as the sac dollar is minted alongside the prez dollars. I love dollar coins but as long as there is the edge lettering and having $1 instead of ONE DOLLAR I will not collect them. I really saw no reason to add edge lettering. Further the government is wasting money making the bloody dollar coins since there is little demand and massive stockpiles of them in vaults. The penny should go. So much could be saved by eliminating them. |
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Pillar of the Community
Canada
2805 Posts |
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I really saw no reason to add edge lettering. Security. Edge designs are one of the hardest things to fake on a coin - almost all fake British Pounds can be most easily revealed by ugly/missing/bad edge lettering. |
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Pillar of the Community
 United States
4867 Posts |
I wouldn't think security would be an issue with coins. They have such low value. I want to be able to see the date on the obverse or reverse. Can't see it when they're in a holder.
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Pillar of the Community
Canada
2805 Posts |
The official figure of counterfeit pounds in circulation is at 3%, but some reports put it at one in eight. There is obviously a security issue with coins, because they are subject to so much less scrutiny and the mechanisms that read them are so much more basic. Counterfeit toonies, 2-euros, 500-yen, etc. exist because they are profitable to make. Even counterfeit 1-yuan (value ~13 cents) have been seen in China.
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Bedrock of the Community
United States
11951 Posts |
I guess every one get's to like something different.
For me, satin finish coins are my favorite mint sets.
- The mint was having a problem with the quality of coins, when they started doing satin finish coins the coin were generally higher grade.
- The satin finish coins are classified as a different coin, which means they have a much lower mintage. Also checking the price guides, the satin finish coins have a much higher value.
I do agree the president dollars are not the best of design.
Well .. not good at all.
I am doing a couple sets of them, because they are a modern coin, I collect moderns. And they are president coins .. I like presidents ..
I also wish they were not in the annual sets, I would like it better if they were sold in their own sets.
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Pillar of the Community
United States
4867 Posts |
Good point about dollar coins being in their own sets. I am not sure if they are released for circulation anymore. And if not, why should they be included in the mint set? Isn't the point of mint sets to showcase the nations circulating coinage?
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Bedrock of the Community
13014 Posts |
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Further the government is wasting money making the bloody dollar coins since there is little demand and massive stockpiles of them in vaults. They make money every time they mint one so you cant really call it wasting money but the stock pile is why they stopped minting them for circulation. Quote:
I am not sure if they are released for circulation anymore. And if not, why should they be included in the mint set? Isn't the point of mint sets to showcase the nations circulating coinage? They arent anymore but when they started they were. People would probably be upset if they stopped including them when they were there to start with. More importantly though it allows them to charge a higher premium for the set which means they make more money. If it was only coins for circulation theyd have to get rid of the half too and you could really even argue removing the sac as well. Personally I like them being included since I can buy a mint set and get everything for my modern coin albums in one place. |
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Pillar of the Community
United States
655 Posts |
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I never cared for the satin finish coins because they really didn't represent the coins found in general circulation. Neither do proofs. |
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Moderator
 United States
187862 Posts |
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Does the US Mint still manufacture satin finish uncirculated sets? No. The satin finish ended with the 2010 sets. From 2011 on they are regular finish. However, the mint set coins are not the exact same as circulation coins, as they had been for a while before the arrival of satin finish in 2005. A little more care is given to them; they are struck with slower speed and higher pressure. Quote:
Further the government is wasting money making the bloody dollar coins since there is little demand and massive stockpiles of them in vaults. Actually, the government is wasting money by printing the one dollar note. Kill the note, those stockpiles will dwindle, and they can start minting the dollar coins for circulation again. |
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Pillar of the Community
United States
1027 Posts |
While the satin finish is no longer applied to the uncirculated dies, the coins are still struck on special planchets and as noted already, at slower speeds and higher forces than those used for circulation strikes. True circulation strike quarters, halves, and dollars are still available from the mint web site, even though the halves and Presidential dollars are no longer minted for circulation. |
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Replies: 9 / Views: 1,545 |
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Posted 09/12/2013 9:06 pm
