New Finish On Mint Sets
eye
Posts: 81 ✭
Since the mint is making all coins in the 2005 and beyond uncirculated sets in a new satin finish that will make mint coins "look" quite different than those coins released for general circulation, do you think there will be some type of designation difference creating two seperate sets within a particular collection from 2005 and beyond? If this difference is designated by PCGS do you think it might be a "type" or "variety"?
D.M.
0
Comments
This spells trouble, registry sets are going to require both, and now there will be expensive pop tops in both, people looking for ms69 or ms70's of the mint set coins and ms67,68's of the coins in rolls. Doh!
Is there a write up on this new satin finish????????????????????????????
This is not a good thing, Mint Sets are supposed to just provide collectors with a nice example of an uncirculated business strike coin, exactly like you'd find in change. If this is true, the PCGS Registry will probably have to include another Registry Category - Business Strike Sets whose sole source would apparently be banks. The "Mint Sets" category would only include these Satin Finish coins from 2005 on. Weird stuff.
Need more $$$ for coins?
On a side note - I believe there are actually (3) strike varieities of the CT(p) quarter I mentioned above - those coming from Mint Sets, those coming from rolls/bags and perhaps a select few "presentation" pieces which look entirely different from both the roll coin and the mint set coin. DM - next time you are in S. CA. I would be happy to show you all (3) examples which I have in different PCGS-MS67 or MS68 holders.
Wondercoin
More and more of the mint set coins are being struck on better or burnished planchets
but much of the difference is that mint set coins are struck with more pressure and at
lower speeds.
There are usually a variety of ways that regular issues and mint set coins are struck so
it may never be possible to tell them apart definitively.
New finish on 2005 uncirculated sets
From Numismatic News by Peter Lindblad
When the 2005 U.S. Mint Uncirculated Coin Set is released May 31, it’ll have a different finish.
A new satin finish has been applied to the 22-coin set for the first time ever and Mint officials believe customers will notice the difference.
“With the satin finish, the light is diffused on the coin surface. It’s sort of like looking through frosted glass,” said Gloria Eskridge, associate director of sales and marketing for the Mint. “On the other surface, it was reflected like a mirror.”
The launch date for the set was pushed back from April 11 to May 31 to make sure the finish was perfected. Still, the release of the 2005 uncirculated set, priced at $16.95, comes three weeks earlier than the 2004 release date.
“We expect the satin finish uncirculated set to be very popular and we are prepared to respond to an increased demand,” said Eskridge.
The new satin finish will be applied to future uncirculated coin sets, uncirculated commemorative coins and uncirculated silver American Eagles.
The Mint hopes the new finish will provide consistency for those products and help collectors differentiate between uncirculated coins in the U.S. Mint’s uncirculated coin sets and those coins in bags and rolls that have never been circulated.
The new finish is achieved by striking blanks with chrome-plated dies. The dies are sandblasted by hand and then chrome plated to improve die life.
The process is identical to the commemorative or silver American Eagle uncirculated manufacturing process, except the sand and bead mixture is slightly finer to achieve the frosting on the coin set.
According to the Mint, this produces a more lustrous image.
Included in the set are specially struck uncirculated pieces of each of the circulating coin denominations manufactured at Denver and Philadelphia. It also has four 2005 nickels from the Westward Journey Nickel series with the new portrait of President Thomas Jefferson.
Wondercoin
Cool.
It's kind of a shame that the mint set run could be coming to a close but this is
really just two new opportunities. If tthe coins can be differentiated then the
circulation issues will often prove to be vastly under saved and by the same to-
ken the mint set coins can be much desired on the basis of quality.
Perhaps it can even serve to get "Joe Public" more interested in the older coins
of high quality.
It will double the workload of those of us who save or study new coin. This may
be be a mixed blessing in itself, though.
Box of 20
See 8 March Thread with 0 replies. SNiff Sniff.
Satin Finish Thread! I have three coins from those rolls at PCGS.... I know one or two are satin finish. I hope PCGS will designate them as Satin Finish But Not From Mint Set.
<< <i>wonder what this does to the value of the set of p & d CA quarters I recently bought in 68? I have been thinking I spent way too much money for the pair. Now it may turn out to be a blessing in disquise!!!
Good point. I hadn't thought of this. It might make some of those guys who spend big bucks
to get their coins early look like geniuses. Good luck.