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2005 D 1 Cent PCGS Graded With An SP Designation

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 Posted 12/08/2020  10:06 am Show Profile   Bookmark this topic Add Goodstuff1 to your friends list Get a Link to this Message Number of Subscribers
Does the SP Designation on this graded coin have any special significance other than the high grade? I know that it is a modern coin but is it more of a rarity because it has a Satin Finish, and, possibly more valuable?
2005-D-1-Cent-PCGS-Graded-With-An-SP-Designation
2005-D-1-Cent-PCGS-Graded-With-An-SP-Designation
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That Coin Dude's Avatar
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 Posted 12/08/2020  10:17 am  Show Profile   Bookmark this reply Add That Coin Dude to your friends list Get a Link to this Reply
SP just means special strike. In this case it was satin finish.
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BigSilver's Avatar
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 Posted 12/08/2020  10:22 am  Show Profile   Bookmark this reply Add BigSilver to your friends list Get a Link to this Reply
It is actually less valuable. Since the special strikes are generally better treated than the business strikes, a 69 is not uncommon at all. It has a PCGS price guide value of $16. In contrast, there doesn't even exist a PCGS MS69. An MS68* has a guide value of $1,500.
Edited by BigSilver
12/08/2020 10:26 am
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 Posted 12/08/2020  10:36 am  Show Profile   Bookmark this reply Add Goodstuff1 to your friends list Get a Link to this Reply
I had it graded a year and a half ago and I have noticed that PCGS has the 68 Grade coin value at 1500. Shouldn't it be shown in the PCGS population?
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BigSilver's Avatar
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 Posted 12/08/2020  11:11 am  Show Profile   Bookmark this reply Add BigSilver to your friends list Get a Link to this Reply

Quote:
I had it graded a year and a half ago and I have noticed that PCGS has the 68 Grade coin value at 1500. Shouldn't it be shown in the PCGS population?

Again, you are confusing the MS and the SP graded populations.
The link below is to the SP pop. Your coin is likely one of the 490 graded 69.
https://www.PCGS.com/coinfacts/coin...ish-rd/93193
The link below is to the MS pop. There are none graded at 69 and only 4 at 68.
https://www.PCGS.com/coinfacts/coin...d-1c-rd/3193
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 Posted 12/08/2020  11:18 am  Show Profile   Bookmark this reply Add Goodstuff1 to your friends list Get a Link to this Reply
Thank you!
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Ballyhoo's Avatar
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 Posted 12/09/2020  10:07 am  Show Profile   Bookmark this reply Add Ballyhoo to your friends list Get a Link to this Reply
Welcome to the forum. I believe the SP means Satin Proof, in which case it may add more confusion. Even though the cent originated from a mint set, not a proof set. Thereby, BigSilver is correct. The third party grading firms treat these separately from MS grades. Glad that you asked.
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jbuck's Avatar
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 Posted 12/09/2020  10:51 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
SP is specimen. They have used it before, like on the 1998-S Matte Proof Kennedy half dollars.

From 2005 to 2011 the uncirculated mint sets contained satin finish coins which were significantly different enough from normal business strikes to qualify as a specimen strike.
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Rothery's Avatar
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 Posted 12/09/2020  11:10 am  Show Profile   Bookmark this reply Add Rothery to your friends list Get a Link to this Reply
Interesting - great information!
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Big-Kingdom's Avatar
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 Posted 12/11/2020  12:54 pm  Show Profile   Bookmark this reply Add Big-Kingdom to your friends list Get a Link to this Reply
THe business strikes from 2005-2010 are all graded MS, the coins from the mint sets from those years, since they were all done with a Satin Finish, are graded with SP instead of MS in most cases to avoid the confusion.

There are some early labels by PCGS that have a "Satin Finish" TM/ branded logo on it that are graded as MS on the slab though, so you have to be careful because I think it's confusing to novices which one it is.

The Mint set satin finish coins are common in SP/MS69. However in actual Business Strike MS for circulation use coins, you'd be hard pressed to do better than MS67.

The 2011 set is a normal "business Strike" finish again, they just did it for those 6 sets in Satin from 2005-2010.
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