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What the @!$# is going on with Satin coins.

Are people really this crazy to think that these coins will hold this kind of value?
I have 10 Mints sets here with what I know have at least 7-8 MS69 grades in them.
Opinions?
I have 10 Mints sets here with what I know have at least 7-8 MS69 grades in them.
Opinions?
Either write something worth reading or do something worth writing about. -Benjamin Franklin-
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Comments
Now that I vented back to your regularly scheduled discussion.
I think my biggest problem might be finding MS66 state quarters for my stright grade of MS66 set. I also find it interesting that some of my 1999 MS66 state quarters are worth more than most of the 2004 MS68's already.
And to add a twist to the puzzel has anybody tried to get a 2003 MS68 Quarter. They just were not very many coins that would grade that high.
<< <i>C'mon folks, figure this out and get it right. It's called the registry set game. Everybody wants those 70's to put in their registry sets. TPG companies know this so they grade some as 70's. Sellers want the 70's so they submit more coins. TPG's are the winner in this game and don't think anything else. Result, watered down grading criteria and we all lose. Great marketing plan and the TPG's don't even have to spend a dime to advertise it. This is where I think ANACS is going to topple the top 2 in another 5 or so years. They don't run a registry set and I hope they never do.
Now that I vented back to your regularly scheduled discussion. >>
I agree and I'm also a huge ANACS fan.
<< <i>C'mon folks, figure this out and get it right. It's called the registry set game. Everybody wants those 70's to put in their registry sets. TPG companies know this so they grade some as 70's. Sellers want the 70's so they submit more coins. TPG's are the winner in this game and don't think anything else. Result, watered down grading criteria and we all lose. Great marketing plan and the TPG's don't even have to spend a dime to advertise it. This is where I think ANACS is going to topple the top 2 in another 5 or so years. They don't run a registry set and I hope they never do.
Now that I vented back to your regularly scheduled discussion. >>
Good theory but it has a major flaw;
<< <i>*These items are optional and not calculated in the grade or the percent completion of the set. >>
appears next to all the 2005 dates in the registry.
I don't know that any of these has been sold yet but I'd bet the buyers fit into two major categories, those who like to be the first on the block to have someting and those who have already looked through a lot of sets and know which are the most difficult. Certainly registry collectors will be buying these but there's no need to get them now when all the reports are saying that flawless gems are common. If these reports are accurate even a small percentage of the time there may be hundreds or thousands of MS-70's and there's no need yet for them in the registries.
The only way these differ from other coins is that they are new and apparently very well made. ...and of course that they are still being made.
You may be right. I think the only thing I'm going to look for is buisiness strikes. But that may be like finding
a needle in a haystack. Not too many people out there doing all the work to make em, and I don't think I have the eye, let alone the time, to do it myself.
It will be another 6 months, or so, before we need the 05 coins for our sets.
There is plenty of time to let the weeds fall out and the prices to settle.
I made the mistake of grabbing the first offered Michigan-P MS68, last year and paid over $300.00 for it. I could buy one now for around $120.00.
I won't make that mistake again.
Also, we still need to see what is going to happen with the Satin Finish coins. They should not be included in the regular 2005 Mint set as they are not "Circulation Strikes"! JMHO
Only time will tell.
<< <i> those who have already looked through a lot of sets and know which are the most difficult. >>
There are VERY difficult coins. Many have sold for what I consider to be half price or less. Some have sold for more than double what they're worth. This is where being a buyer is tricky.
Here's a word of advice for the PCGS graded coins: Go see which coin EVERYONE has to sell in 69. Then go see which coin that NOBODY or maybe ONE person has for sale. That's about all you can go by until the population has moved and shown rarity. Keep in mind that ALL of the coins that sellers have right now are $30 and $50 submissions each, so they did send what they considered to be their best coins in order to pay that much to have them graded.
All in all, buying from a reputable dealer that you have a good relationship with is priceless. Next time you want to buy a coin, don't you think he's going to take previous purchases into account?
All the best,
anything tho, I jumped out early and bought CA p and d in 68. NOW I am very glad I did, they don't have the satin finish designation, and I think there will be very few of these around later.
You guys are doing nothing but supporting my point. If folks didn't need these coins for their registry sets, be it now or 6 months from now, they would not be buying them at high price levels. Granted this early run is all hype for the new stuff, but later it will be the set owners filling holes.
This variety stuff so reminds me of what happened to the sports card industry when they started the insert craze.
out the way they originated. Maybe came out with the new sf mint sets in 09.
Great transactions with oih82w8, JasonGaming, Moose1913.
<< <i>No offense--but as a collector of classic (?) coins--it's hard to take the debate seriously--althougth I admit that some moderns have gone through the roof--and I have proof sets fromthe last 10 years---but come on!!! When I see 2005 nickels selling for $200 I can only gape in amazement--but, I'll concede--it's probably sour grapes. Guess I need to get aggressive and buy mint products--have them slabbed and get rich!!! Hopefuly quickly! >>
Modern collectors don't collect these coins because they are going up or because they
they are cool. Nor do they often do it to get the goat of the classic collectors. Mostly we
are interested in history and art. We have the collecting bug which drives us to seek com-
pleteness and quality. Many of us appreciate collecting things that are off the beaten path
a little bit.
Those who don't find these coins interesting or merely want to invest in them would be well
advised to stay away since prices can go down just as fast as they went up. It would be easy
to find plenty of common moderns to sink money into. Collectors will find rarity while seeking
completeness but investors will simply sink money into whatever is available.
There really are opportunities to "work" moderns. If you can find or afford lots of raw coins
and do the heavy lifting to find the gems then you can make money. But before someone gets
dollar signs in their eyes it should be pointed out that there is a lot more work than reward.
These coins are pricey because the demand is there but the supply is limited. This limited
supply will assure you do plenty of work for an often small reward.
You may lack the grapes but you also missed the trials and tribulations.
I like them. They seem to have fewer marks than mint sets of previous years but the rims are still so-so. I have a couple of sets and only opened one. They look different from previous years but not THAT much different. Still nice though. It's good to see change at the Mint.
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Finish like a professional!
It will be interesting to watch. I do believe the raw Mint sets will go up quickly once the Mint stops selling the 05s. Just MHO on an interesting debate.
<< <i>Lost in all of this is the business strikes of 05. I think high grade examples that will have to be acquired from bank rolls will be very hard to find and ultimately be the best value for the modern collector. From what I understand, the Mint sets were made on a 300 ton low speed numismatic press as opposed to the high speed 150 ton circulating presses used for standard coinage.
It will be interesting to watch. I do believe the raw Mint sets will go up quickly once the Mint stops selling the 05s. Just MHO on an interesting debate. >>
I don't believe any of the coins currently being made require this much tonnage but you points
remain. These new coins are nice! They have nice strikes and nice surfaces. One of the unan-
swered questions is how is the existence of these new coins going to affect the demand for the
earlier gems?
Earlier mint set coins since 1965 have been struck in exactly the same way except for the surface
treatment of the dies and the apparent fact that they are handling the struck coins more carefully
to avoid the marking that was on most of the earlier coins. While mint sets usually are not the only
place to find the post-'64 gems, they are most assuredly the easiest way to find them. Usually about
2% of mint set coins are nice sharp gems with nice smooth surfaces. Many moderns would not exist
at all as gems were it not for the existence of the mint set strikes.
So are collectors going to collect the current and future mint set coins separately than the earlier
coins or are they going to seek out gems from all the mint sets. I guess I like the odds since the
earlier issues had the higher relief that so many collectors seem to prefer. Some of the better made
sets seem to already be showing signs of greater demand. This is a wild card though and could up-
set what was already a nicely growing numismatic niche.