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 Replies: 42 / Views: 7,141 |
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Valued Member
United States
206 Posts |
Just received mine today, ordered two sets and both have amazing prooflike uncirculated coins. The cents are 69/70 and very deep proof like, probably the best MS cents I have ever seen.
I also see that HSN have them graded SP 69 PL first day of issue. Looking at the Kennedy which is selling for crazy money, why are ANACS certifying these as SP, whereas PCGS and NGC are slabbing them as MS PL?
So special proof or MS? It's confusing!
*** Moved by Staff to a more appropriate forum. ***
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Pillar of the Community
United States
1613 Posts |
Welcome to the forum. The "SP" actually means specimen proof. Which loosely includes all non-circulating coinage struck. In other words, struck for collector or presentation purposes. As for the usage by each grading firm, I believe it's a matter of preference. In my opinion First day strikes/releases seem irrelevant in modern coinage since an MS70 is a perfect coin with or without the extra text. Just a ploy for HSN and others to take advantage of the ill informed. By the way, those are nice sets  ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon
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Valued Member
 United States
206 Posts |
" The "SP" actually means specimen proof." But these are sold as uncirculated even though they have a proof like finish, which is what confuses me. Can an uncirculated coin be a proof? I know there are matte proofs and proofs, but the uncirculated coins are struck only once, therefore can not be proofs? Or am I taking ANACS words too literally?
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Valued Member
United States
206 Posts |
I have a decent macro camera but don't have it set up, some pics with my iPhone show how shiny the surfaces are.   |
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Pillar of the Community
United States
4901 Posts |
PCGS uses SP as a way to differentiate the burnished from the bullion ASE's. Neither coins are proofs   |
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Pillar of the Community
United States
2023 Posts |
 "SP" does not mean "specimen proof". PCGS has also used that indicator for the 2017 enhanced uncirculated coins, and the satin finish coins from 2005-2010. Probably others in relatively recent years as well. |
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Valued Member
United States
206 Posts |
That is the answer. So after a bit of research, I saw on the PCGS website that SP stands for specimen. https://www.PCGS.com/gradesMany times I have read people calling them special proofs or specimen proof, which is why I became confused. However, this brings up the question, why do ANACS consider these "specimen" when NGC and PCGS do not? My opinion is that they are just high grade MS coins with a PL finish. |
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Pillar of the Community
United States
4901 Posts |
No clue why a burnished ASE would be considered a "specimen" but it is a decent way to separate the bullion from the burnished Quote:
Looking at the Kennedy which is selling for crazy money From this set? I don't watch HSN so no clue but I can't find any completed sales anywhere else. And remember ANACS has a buddy agreement with HSN so if that's your bag go for it. Also remember once you open the box containing the set all coins become common issue |
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Valued Member
United States
206 Posts |
"From this set?" No, from the rocket set, the Kennedy half has been selling in ms69 PL for around $1,000 on completed ebay sales. It's not about the provenance, it's the high grade that makes them unusual. I update my albums with mint sets every year, sometimes the coins are worse than what I find in change lol. Finding an ms69 PL would be very rare. There is a 50,000 limit on the sets, so I figure there will be lots of nice examples of these, maybe even some ms70 PL cents, dimes and nickels. |
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Pillar of the Community
United States
1254 Posts |
I don't know if it is just me but these are some of the best uncirculated cents, nickles and dimes I have ever received.
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Bedrock of the Community
13014 Posts |
Quote:No clue why a burnished ASE would be considered a "specimen" but it is a decent way to separate the bullion from the burnished This. Modern SP is more of way to separate things than classic SP. Should they have come up with a new term, probably but that ship has sailed. |
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Pillar of the Community
United States
2023 Posts |
For the modern stuff, I just think of "SP" as "special", distinguished in some way from ordinary business strikes.
Edited by Alpha2814
04/06/2019 7:36 pm
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Moderator
 United States
188213 Posts |
Quote:
This. Modern SP is more of way to separate things than classic SP. Should they have come up with a new term, probably but that ship has sailed. I agree. |
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Valued Member
United States
206 Posts |
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New Member
United States
2 Posts |
New member here! I looked at that ebay listing and what I find interesting is that it is a PRESALE which has not even shipped, yet the seller is guaranteeing you a proof like grading . Are these people in cahoots with the TPG service? Also interesting is that they have a picture of the slabbed coin. Anyone help me understand how this can be? |
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Pillar of the Community
United States
1374 Posts |
 to the CCF! Quote:Are these people in cahoots with the TPG service? I doubt it. Some sellers will do pre-sales betting that they can get enough coins graded at the stated grade to cover whatever they sell. If they don't, then they'll cancel the sale and take the feedback hit. I would guess that it's a photo of an actual coin and slab they either now have in hand or they copied the photo from somewhere else. If you check the listing revisions, then you'll see that the photo was added to listing on 9 April, a day after the listing was started. |
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Replies: 42 / Views: 7,141 |
Posted 04/05/2019 7:39 pm
