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Replies: 13 / Views: 2,788 |
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Pillar of the Community
United States
1406 Posts |
I am really un-nerved by the information I am gathering regarding the US Mint's releases regarding the change from Satin Finish Coins to Brilliant Finish Coins.
"The 2011 United States Mint Uncirculated Coin Set will include a total of 28 coins representing twice each circulating coin to be issued by the US Mint in 2011. As the name implies, the coins will be struck to uncirculated quality. There will be one set of 14 coins struck at the US Mint's facility in Denver and one set of 14 coins struck at the US Mint's facility in Philadelphia. Uncirculated quality coins from the Mint are struck using the same presses as the standard circulation quality strikes, but done with more force."
This 'more force' possibility creates some challenging issues. Will this actually stop the need to collect both types of coins, Brilliant and Business Strike?
Will roll searching for premium high grade coins come to an end due to the fact that the best coins will come in mint sets?
I guess the hardest issue for me is the fact that we really do not know. For me this means I will have to continue my roll subscriptions and monitor how the grading companies will handle the situation. With the early release of the mint sets I may be scrambling to cancel my roll subscriptions and stocking up on mint sets for the best coins.
What does everyone think about all this, or better yet, what do you know! I can't wait for the threads on this forum once the sets start hitting our doors! Edited by captainkurt 01/12/2011 11:18 pm
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Valued Member
United States
314 Posts |
With the ridiculous price increases by the mint in 2011, my business is done with them. Double face value for quarters? No thank you.
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Pillar of the Community
United States
6326 Posts |
OHHHH FOR PITY'S SAKE ! ........  The whole reason that collectors DID NOT LIKE THE SATIN FINISH, was because we had such a hard time getting nice grade Biz. strikes !NOW HOW DOES THIS CHANGE THAT ? NOW WE STILL HAVE THE SAME ISSUE ! ...    ...         This solves absolutely NOTHING then....... I'll be back later.....I'm gonna go stick my head through the sheetrock wall...hope I don't hit a stud. Maybe when I wake up, this will all be just a night-terror dream.p.s. The small sets they ARE offering in biz. strike do not include the Cent, Nickel, or Dime.....and those ATB "mini-sets" made "for album collectors" are just another price gouging scheme.
Edited by eaglefoot 01/13/2011 08:32 am
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Pillar of the Community
United States
3278 Posts |
Quote: The whole reason that collectors DID NOT LIKE THE SATIN FINISH, was because we had such a hard time getting nice grade Biz. strikes !
At least now we should be assured that the mint sets will at least have high quality BS (nice pun). Hopefully they won't be so different as to create an entirely different class of coins. I know they won't in my mind!
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Pillar of the Community
 United States
1406 Posts |
Quote: At least now we should be assured that the mint sets will at least have high quality BS (nice pun). Hopefully they won't be so different as to create an entirely different class of coins. I know they won't in my mind! I'm not sure yet that they WILL be Business Strikes. Actually, by definition they are not. I am worried that true Business Strike coins will now become worthless. Meaning that a BU coin found in top condition will never hold any value due to the fact that Mint Sets will always be graded higher without a designation. The only good that will come from this is I will not want to hold rolls of coins anymore. Saves tons of money, but, takes tons of fun out of a large area of collecting enjoyment for me too.
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Pillar of the Community
United States
3278 Posts |
Assuming the same dies are used, how much difference will "extra force " make. We have always dealt with well struck unc's and worn dies resulting in lower grade unc's.
I don't disagree with you, I'm just throwing it out there.
In the end I guess we'll have to see how much nicer the mint set coins are. Historically I'm not really expecting much. That is, complaints of low quality coins in mint and proof sets. Maybe this is the mints way of upping their quality? That's the way I see it, as a good thing.
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Pillar of the Community
 United States
1406 Posts |
Great Point Upstate! I didnt see it that way. There may be a bright side to this after all.
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Bedrock of the Community
United States
17884 Posts |
That has been the description of the mint sets for every year since 1968 to 2004. Back before the satin finish sets began in 2005 most collectors DID get their high end business strikes out of the mint sets because of the greater force striking and the smaller number of marks.
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Pillar of the Community
 United States
1406 Posts |
Ahh, thanks Conder! I was waiting for this information. So, I can cancel my roll subscriptions now ya think? I had originally thought that one day business strike coins from the satin finish era would hold some value but with the satin finish going bye bye I think I may want to stop my roll subscriptions and up my circulated set numbers.
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Bedrock of the Community
United States
17884 Posts |
I never saw much sense in the roll subscriptions since the coins in the rolls are the exact same coins you can get in rolls from the bank at face value. High grade business strike non-satin coins from the 2005 - 2010 will probably go very high because one high grade business strikes are rare, and two so many people fell all over themselves loving the satin finish coins and putting those in their sets rather than business strikes that even fewer high grade business strikes were searched out than normal. If fact most of the high grade non-satin coins from these years are actually low end satin finish mint sets coins where the finish is no longer distinctive. (As the die wears the satin finish fades. Coins struck shortly before the dies are retired could pass for business strikes and the high pressure striking and lack of marks got them slabbed as high end business strikes.)
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Pillar of the Community
 United States
1406 Posts |
Quote: (As the die wears the satin finish fades. Coins struck shortly before the dies are retired could pass for business strikes and the high pressure striking and lack of marks got them slabbed as high end business strikes.) Interesting. However, I was under the impression that the satin finish was applied to the planchets and not the dies. So, I am confused how a worn die would effect the finish on the planchet. Is you statemant fact?
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Pillar of the Community
United States
6326 Posts |
Quote: Condor.......I never saw much sense in the roll subscriptions since the coins in the rolls are the exact same coins you can get in rolls from the bank at face value Quite true, however, most people cannot get BOTH mints from their bank......just one. So, this is a way to secure BOTH. Though, I'm not going to be doing this with the ATB's for sure...way too expensive in the long run, to do that for me. Those are some mighty pricey two roll sets for 11 years--five times each year ! Hopefully I can just get my P & D biz. strikes from Mint Sets now with no more Satin Finish !
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New Member
United States
37 Posts |
Wow, thanks for the data captainkurt and conder. Like everyone else I wish they never switched to the Satin finish in mint set coins and if they are going back to their earlier operating basis, then I will be happy.
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Pillar of the Community
United States
1027 Posts |
I too am very upset by the introduction of this new coin type. As far as I know and judging from my earlier sets (up through 2004) uncirculated mint sets were made up of coins pulled from circulation production. They were not specially struck for the sets. I could be wrong but that is my understanding. The satin finish coins were only one step short of being proofs, they only lacked that second strike. They were minted on special planchets using specially prepared die (both planchet and die are satin finish) at elevated forces and given special (but not individual) handling. These new coins will be generally but not individually distinguishable from true circulation strikes meaning that as a whole they are in a higher grading group but there will be no way to tell if an individual coin is a high grade business strike of an average uncirculated strike. This will totally lay waste to the value of high grade business strike coins. The mint has done an immeasurable disservice to the numismatic community. I didn't want them to get rid of the satin finish. I wanted them to go ahead and make them into satin proofs. Strike them twice and handle them individually to protect the finish until I get the coins. Then reintroduce the circulating strike set (which would have to come at the end of the year to avoid interfering with ATB and Presidential dollar introductions). This year start/year end set introduction should have made them both saleable.
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Replies: 13 / Views: 2,788 |
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