PCGS Burnished Silver Eagles
sailfly
Posts: 5 ✭
What is the difference between PCGS graded MS & SP Burnished Silver Eagles, I’m a little confused here.
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sailfly
Posts: 5 ✭
Comments
MS are "bullion" uncirculated silver eagles initially only available from large metal dealers.
SP are special burnished finish that are initially only available from the Mint direct.
Welcome to the forum.
My US Mint Commemorative Medal Set
Thanks Goldminer for getting back, still a little confused, I see bullion silver eagles are minted without mint marks and this special burnished silver dollar does come with a mint mark “W”, but even though this Burnished coin is with the “W” mint mark but is and can be labeled MS or SP by PCGS, my concerns are, are they the same coin, just labeled differently and why. Is this just for marketing for profit??
Moving this thread to the U.S. Coin Forum.
PCGS Set Registry Manager
https://coinweek.com/education/coin-grading/from-ms-to-sp-what-you-need-to-know-about-w-mint-silver-eagles/
Initially W coins were graded as MS, in 2015 they changed to SP, see link from Coin Week.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Bullion... with or without mintmark.
Some bullion worth more than others.
ERP
This (for non-proof business strike W "collector" coins).
While PCGS switched to the SP designation in 2015 they apply it to earlier year coins submitted after 2015 explaining why their price guide shows SP W ASEs prior to 2015. W ASE labels showing the MS designation were applied to coins submitted before the switch to SP.
Non poof W ASEs are "collector" coins are sold directly to the customer by the mint. These non proof W collector coins began in 2006. It is not clear if all years are burnished since the mint no longer claims it in their specifications at their website. PCGS may be able to clear up which, if not all, are burnished. The common, no mintmark bullion coins enter the marketplace through approved dealers who buy them in volume from the mint.
ASE Ws (non-proof) were produced from 2006 to present, excluding the years 2009 and 2010. PCGS price guide shows W ASEs in MS grades beginning in 2011 and also W ASEs in grades SP beginning in 2006 (first year for the W collector coin).
There are years in their price guide after 2010 that show both MS and SP. Not sure if the MS is used strictly for W ASEs that were part of a mint set and not sure if these coins are burnished. Would be nice if PCGS chimes in to clear up this mystery for duplicate years of W ASEs that get either MS or SP designations and which non proof W ASEs are actually burnished. Using the price guide for W ASE coins labled MS when there is actually an MS and an SP price guide can be confusing for coins that got the MS designation before the SP implementation.
All W non-proof gold eagles now get the SP designation and like the ASE there are pre-2105 submitted coins that bear the MS designation that were submitted before the switch to SP. PCGS price guide for these W AGEs does not show any pf them in MS, so i guess a non-proof W AGE with an older MS label would be priced using the SP price list. For the AGE it appears the MS and SP designation is interchangeable. It is my understanding that all non-proof gold eagles are burnished with the word "burnished" not always applied to the label. Would also like PCGS to clear this mystery up as well.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
W "collector" eagles were intorduced in 2006 graded MS till the 2015 change to SP. There was a short period when PCGS would not grade an ASE higher than 69 due to the unexplained future spotting issue.
Good info/mintages on the silver eagles.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
@sailfly....Welcome aboard.... You have the answers above.... with still some technical points to be cleared up. Cheers, RickO
You have joined a community where everyone is as confused as you, sailfly! Welcome home.
Very thorough elucidation of the unelucidatable, derryb! Thanks.
Here's a warning parable for coin collectors...
This must of when our Favorite TV Friend came around!
This started to change when companies like ICG began to make a good business in certifying bullion coins for telemarketers and cable TV coin shows. Later, NGC and PCGS cast aside their numismatic elitism and took a pragmatic approach. If MS and Proof 69 and 70 Eagles was what the collecting public wanted, why not give it to them?
That’s about the time I got pulled into buying these watching TV 📺 I just wished they would of WARNED ME about their Spotting Issues.
unelucidatable - well above my English level and has a lot of syllables.
I guess there is no simple answer to much of anything, anymore.
My US Mint Commemorative Medal Set