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2006 W silver eagle Unc...is it really the key?
CoinMeister
Posts: 642 ✭✭✭✭
2006 W silver eagle Unc...is it really the key?
Or, is the Burnished Die/2006 W Uncirculated Silver Eagle considered yet another subset of the Silver Eagle Series?
EX: The mint started making proof eagles in 1986, they also began the bullion (no mint mark) eagles that same year, then in 2006 they began the inaugural year of the uncirculated eagle and the reverse proof.
Therefore, is it wrong to compare the 2006 W silver unc with the 1996 bullion if they are a separate subsets of the same series? Mintage wise, the 2006 w Unc smokes the 1996. But should they be categorized separatley? The 2006 w unc should be compared with the 2007 unc, 2008 unc and so on. Thus, my thought is the 1996 is the key for the bullion, the 1995 w is the key for the proof and right now the 2006 w is the key for the uncirculated.
Am I looking at this wrong?
Or, is the Burnished Die/2006 W Uncirculated Silver Eagle considered yet another subset of the Silver Eagle Series?
EX: The mint started making proof eagles in 1986, they also began the bullion (no mint mark) eagles that same year, then in 2006 they began the inaugural year of the uncirculated eagle and the reverse proof.
Therefore, is it wrong to compare the 2006 W silver unc with the 1996 bullion if they are a separate subsets of the same series? Mintage wise, the 2006 w Unc smokes the 1996. But should they be categorized separatley? The 2006 w unc should be compared with the 2007 unc, 2008 unc and so on. Thus, my thought is the 1996 is the key for the bullion, the 1995 w is the key for the proof and right now the 2006 w is the key for the uncirculated.
Am I looking at this wrong?
"What we are never changes, but who we are ... never stops changing."
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If I collected Silver Eagles, which I don't, I would consider the 2006 RP to be second most desirable and the 1994 Proof to be third most desirable. I would consider the 1995W Proof to be the primary key.
To that, I would add - it is your collection, and therefore it's your call. If you focus strictly on the Bullion Coins, then 1996 is indeed the key. Whichever gives you the most satisfaction is how you should categorize them.
I knew it would happen.
To that end, as a collector of SAEs, I do consider the 2006-w to be key.
To my understanding, PCGS will be making these REQUIRED in the registry, as well, so that will drive demand and further "legitimitize" its standing.
I would see that as a place where the price takes off as well.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
As for your question, it isn't the key, but it is certainly a key.
Ask me no questions, I'll tell you no lies.
What's your point about it NOT being a key (in the UNC area)?
The '96 had over 3.6 million minted. That was the lowest mintage. This had ~470,000 minted. Why don't you think it is a key? Because it is new?
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>What's your point about it NOT being a key (in the UNC area)? >>
I misinterperated the context of the OP's question. I meant that the 2006 W uncirc wasn't the key of the silver eagle series as a whole, without specifying proof or uncirc. I would agree that the W uncirc is the key to the uncircs.
Ask me no questions, I'll tell you no lies.
Reverse Proof was Philadelphia
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
2006 w
2006 p reverse proof
two flavors of the uncirculated bullion:
2006
2006 w mint mark(burnished dies)
<< <i>so let me get this straight.. they minted 3 varietys from the west point... a proof, a proof reverse, and a regular uncirculated, and the regular uncirculated has a mintage of under 500,000? >>
Not quite. The reverse proof has the "P" mintmark. It was not struck in West Point.
My icon IS my coin. It is a gem 1949 FBL Franklin.
I've included them in my two sets (raw and slabbed) and consider it the key thus far for the uncirculated series.
I've said before (and with apologies will say it again) $150 each MOL when everything levels out. I purchased a bunch for resale/trading.
I love this eBay seller's sales pitch:
"NO RESERVE AUCTION.
2006-W American Uncirculated Gold Eagle $5 (1/10 oz) graded MS68 by PCGS.
(You will have the "dubious honor" of owning one of only 2 coins graded MS68 by PCGS as of 1/17/07)
79980 2006-W $5 Eagle MS 2 583 181 766"
Link
<< <i>What about the Millenium 2000 Silver Eagle.?? The U.S Mint states it was struck in West Point.That issue has a mintage of only 75,000.There is no mintmark on the coin. >>
I have always wondered about that. I always thought the c&c mill set had the only W ASE for that year. At least that was what I rememder the forum concensus was.
<< <i>
<< <i>What about the Millenium 2000 Silver Eagle.?? The U.S Mint states it was struck in West Point.That issue has a mintage of only 75,000.There is no mintmark on the coin. >>
I have always wondered about that. I always thought the c&c mill set had the only W ASE for that year. At least that was what I rememder the forum concensus was. >>
You can't tell the difference with that coin when it is outside of the set. It will ONLY be holdered (by PCGS/NGC at least...I wouldn't care about the others) if sent in in the set.
The 2006-W stands out on its own.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
Minnie Minoso Master and Basic
1967 Topps PSA 8+
1960's Topps run Mega Set
"For me, playing baseball has been like a war and I was defending the uniform I wore, Every time I put on the uniform I respected it like the American flag. I wore it like I was representing every Latin country."--Minnie Minoso
<< <i>What do you think of the 2006 W proof and the reverse proof? Do you see both as winners like the 2006 w unc? >>
The 2006 proof will be the dog in the whole proof series/set - 250,000 in the anniv sets and unlimited singles(still available from the mint)
The 2006 reverse proof should be a winner (only the 95-W has a smaller mintage[30,102]).
Minnie Minoso Master and Basic
1967 Topps PSA 8+
1960's Topps run Mega Set
"For me, playing baseball has been like a war and I was defending the uniform I wore, Every time I put on the uniform I respected it like the American flag. I wore it like I was representing every Latin country."--Minnie Minoso
PCGS did not always designate these coins as coming from the Millennium sets. Back when these sets came out I searched 100's looking for nice Millennium Sac's. When I had PCGS grade them, they had me send in the entire set (the dollar could be removed but nothing else). The Sac's were graded as Millennium coins but the Eagles came back in regular 2000 holders. When I inquired about this I was told that since there was no identifier for the Eagle it was graded as a regular coin.
Several years later I heard PCGS was certifying the Eagles as special editions and sent in some more Millennium sets. Most of those Eagles graded MS68 and lower. I was happy to get a couple MS69's (that I have since sold).
I don't really know what to think about the 2000 Eagle. If there is really NOTHING different about the coin then why should we care what package it came in?
I really don't think coin collecting is about holders, autographs, packaging, etc.
It is suppose to be about the coin!
If the coin is the same, then it is the SAME, period.
It is almost as bad as the first strike thing, simply irrelevant.
Just my thoughts.
Back in the day, a collector purely went by mintage and grade. Now we go by mintage and population within that grade.
Based on that, it may yet to be seen which coin is the true KEY/Semi-key. Besides, PCGS states they will not give a Bullion Silver Eagle an MS70 grade. So that population will be zero. MS69 will then be top in that date with no MS70's possible.
However, due to the process that burnished dies undergo at the mint, I would hope PCGS would reconsider the MS70 grade for the Uncirculated silver eagles.
Thoughts?
<< <i>However, due to the process that burnished dies undergo at the mint, I would hope PCGS would reconsider the MS70 grade for the Uncirculated silver eagles.
Thoughts? >>
Does the burnishing process eliminate the possibility of spots developing on the coins?
My icon IS my coin. It is a gem 1949 FBL Franklin.
<< <i>Does the burnishing process eliminate the possibility of spots developing on the coins? >>
The below definitions of "burnished" / "burnishing" came directly from the PCGS website:
Burnished
This word has two distinct meanings in the world of numismatics, so you have to consider the context in order to discern the correct meaning. The word "burnished" can refer to specially prepared planchets (usually 18th century) that were used for specimen coins or other special coins of the era. These planchets were burnished at the Mint prior to the striking of the coin. As a second meaning, "burnished" can refer to any coin that was abrasively cleaned after it left the Mint, and the word is often used as a synonym for "whizzed" (the worst kind of cleaning, where the metal is actually moved around).
burnishing
A process by which the surfaces of a planchet or a coin are made to shine through rubbing or polishing. This term is used in two contexts – one positive, one negative. In a positive sense, Proof planchets are burnished before they are struck – a procedure done originally by rubbing wet sand across the surfaces to impart a mirror like finish. In a negative sense, the surfaces on repaired and altered coins sometimes are burnished by various methods. In some instances, a high-speed drill with some type of wire brush attachment is used to achieve this effect.
Based on one or both definitions, Burnished coins definitely undergo a specialized process vs. their counterpart, bullion coins. However, has it been proven that burnished dies can have spots? If not, then why not an MS70 grade?
<< <i>However, has it been proven that burnished dies can have spots? If not, then why not an MS70 grade? >>
You're misunderstanding my point. PCGS decided to stop assigning the MS70 grade to SAEs due to the fact that unc SAEs were developing spots at some point after being minted (and, one would assume after being graded). You indicated in a previous post that perhaps PCGS should reconsider the 2006 W coins due to the fact that the dies are "burnished". Thus my question about the burnishing process.
My icon IS my coin. It is a gem 1949 FBL Franklin.
<< <i>You're misunderstanding my point. PCGS decided to stop assigning the MS70 grade to SAEs due to the fact that unc SAEs were developing spots at some point after being minted (and, one would assume after being graded). You indicated in a previous post that perhaps PCGS should reconsider the 2006 W coins due to the fact that the dies are "burnished". Thus my question about the burnishing process. >>
I thought I answered your question. However, to clarify, you said that "PCGS decided to stop assigning the MS70 grade to SAEs due to the fact that unc SAEs were developing spots." That, I feel, is not true. PCGS decided to stop assigning the MS70 grade to BULLION coins not UNCIRCULATED coins. Until 2006, there wasn't an "uncirculated" SAE. The Bullion coins undergo a different process than the Burnished die. These are two separate coins minted two different ways. That is why I believe PCGS should at least consider the MS70 grade on the Burnished series.
This reinforces my original point, the Burnished SAE is a subset of the series. The Bullion SAE is also a subset. Both belong to the series, both with their own "key/semi-key" date.
<< <i>
<< <i>You're misunderstanding my point. PCGS decided to stop assigning the MS70 grade to SAEs due to the fact that unc SAEs were developing spots at some point after being minted (and, one would assume after being graded). You indicated in a previous post that perhaps PCGS should reconsider the 2006 W coins due to the fact that the dies are "burnished". Thus my question about the burnishing process. >>
I thought I answered your question. However, to clarify, you said that "PCGS decided to stop assigning the MS70 grade to SAEs due to the fact that unc SAEs were developing spots." That, I feel, is not true. PCGS decided to stop assigning the MS70 grade to BULLION coins not UNCIRCULATED coins. Until 2006, there wasn't an "uncirculated" SAE. The Bullion coins undergo a different process than the Burnished die. These are two separate coins minted two different ways. That is why I believe PCGS should at least consider the MS70 grade on the Burnished series.
This reinforces my original point, the Burnished SAE is a subset of the series. The Bullion SAE is also a subset. Both belong to the series, both with their own "key/semi-key" date. >>
OK, I understand where you're coming from now and in theory I agree. Perhaps though, PCGS wants some proof that these new "burnished die" coins won't spot like their bullion counterparts. I can see why they'd be a little gunshy about having to pay grade guarantees for spotted 70s.
FWIW though, unc has always been a legitimate term for the bullion ASEs. I guess we'll have to be more specific in our terminology now that 2006 has added a distinct subset.
My icon IS my coin. It is a gem 1949 FBL Franklin.
Wikipedia:
"... and West Point is now the United States' only production facility for gold, silver and platinum American Eagle coins."
Link
2006 W Proof
2006 P Reverse Proof
2006 W Unc
2006 Unc (without W)
<< <i>The 2000 Mill. Eagle is interesting in that while it "SHOULD" be the key with only 75,000 minted, there is nothing to distinguish it from the regular coin.....or at least no one has described any difference.
PCGS did not always designate these coins as coming from the Millennium sets. Back when these sets came out I searched 100's looking for nice Millennium Sac's. When I had PCGS grade them, they had me send in the entire set (the dollar could be removed but nothing else). The Sac's were graded as Millennium coins but the Eagles came back in regular 2000 holders. When I inquired about this I was told that since there was no identifier for the Eagle it was graded as a regular coin.
Several years later I heard PCGS was certifying the Eagles as special editions and sent in some more Millennium sets. Most of those Eagles graded MS68 and lower. I was happy to get a couple MS69's (that I have since sold).
I don't really know what to think about the 2000 Eagle. If there is really NOTHING different about the coin then why should we care what package it came in?
I really don't think coin collecting is about holders, autographs, packaging, etc.
It is suppose to be about the coin!
If the coin is the same, then it is the SAME, period.
It is almost as bad as the first strike thing, simply irrelevant.
Just my thoughts. >>
Whether there is an identifier on the coin or not or you care or not care what package it comes in "The U.S. Mint" clearly states that it was MINTED at West Point...Not at any other mint...
If the mint said this coin Was indeed a First Strike™ coin then it would be indeed a First Strike™.
<< <i>
<< <i>The 2000 Mill. Eagle is interesting in that while it "SHOULD" be the key with only 75,000 minted, there is nothing to distinguish it from the regular coin.....or at least no one has described any difference.
PCGS did not always designate these coins as coming from the Millennium sets. Back when these sets came out I searched 100's looking for nice Millennium Sac's. When I had PCGS grade them, they had me send in the entire set (the dollar could be removed but nothing else). The Sac's were graded as Millennium coins but the Eagles came back in regular 2000 holders. When I inquired about this I was told that since there was no identifier for the Eagle it was graded as a regular coin.
Several years later I heard PCGS was certifying the Eagles as special editions and sent in some more Millennium sets. Most of those Eagles graded MS68 and lower. I was happy to get a couple MS69's (that I have since sold).
I don't really know what to think about the 2000 Eagle. If there is really NOTHING different about the coin then why should we care what package it came in?
I really don't think coin collecting is about holders, autographs, packaging, etc.
It is suppose to be about the coin!
If the coin is the same, then it is the SAME, period.
It is almost as bad as the first strike thing, simply irrelevant.
Just my thoughts. >>
Whether there is an identifier on the coin or not or you care or not care what package it comes in "The U.S. Mint" clearly states that it was MINTED at West Point...Not at any other mint...
If the mint said this coin Was indeed a First Strike™ coin then it would be indeed a First Strike™. >>
Just wondering how you have a trade mark on the modern crap in your sig line?
<< <i>Question: Does anyone know the mintage of the four 2006 silver eagles?
2006 W Proof
2006 P Reverse Proof
2006 W Unc
2006 Unc (without W) >>
2006 W Proof - HUGE (disappointingly so)
2006 P Reverse Proof (maxed at 250,000...sold out issue. Only in 3 pc Anniv Set)
2006 W Unc (I believe this was without final confirmation but includes single sales and Anniv Set sales - ~470,000)
2006 Unc (again, HUGE)
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>
Just wondering how you have a trade mark on the modern crap in your sig line? >>
You mean this little thingy...... ™ ......
<< <i>Question: Does anyone know the mintage of the four 2006 silver eagles? >>
2006 W Proof SAE 845,790 (per NN website via the US Mint/still available)
2006 P Rev. Proof SAE 250,000 (only available in 3 pc 20th Anniversary Set ~sold out)
2006 W Uncirculated SAE ~~470,000 (available in the 20th Anniversary 3pc set and 2 pc set/sold as individual ~sold out)
2006 Bullion SAE (no mint mark) 9,981,000 As of Dec. 2006 per the US Mint Website
<< <i>
<< <i>
<< <i>What about the Millenium 2000 Silver Eagle.?? The U.S Mint states it was struck in West Point.That issue has a mintage of only 75,000.There is no mintmark on the coin. >>
I have always wondered about that. I always thought the c&c mill set had the only W ASE for that year. At least that was what I rememder the forum concensus was. >>
You can't tell the difference with that coin when it is outside of the set. It will ONLY be holdered (by PCGS/NGC at least...I wouldn't care about the others) if sent in in the set.
The 2006-W stands out on its own. >>
Actually think your cat should get some royalty for being in your ebay pics. Kinda like a watermark only furry! :-)
<< <i>Yes the 2006 W Silver Eagles SPOT!!!! I bought a "problem free" 2006w MS68 PCGS Anniversary Silver Eagle on ebay and it is very SPOTTED!! I almost could not beleive it could spot so bad with the coins only being out a few months. This makes me worry about the hoard I am aquiring with the 2006w uncirculated silver eagles.
I have a feeling that they will all spot and nothing can be done about it as far as I know (Not well versed at all). So far so good on my 95's.
Good luck to all
Ron
LINK
This will be the first real key for the regular strikes of the PCGS registry. Sure there are a few others that are a hundred or two, but the mintages on them are still 3+ million. This is 450,000... it should stand out. It will spark a bit of additional interest in the regular strikes having a key issue.
<< <i> For a laugh, look at the user ID history of the guy who tried to buy 12 of them.
. >>
He seems to have an identity crises...!!!
I don't disagree with the facts, my only point is that traditionally coins are collected by "what they are" not by what the mint says they are.
If you open a bag of 2007 Denver pennies and inside is a coin only partially struck, with no date. Is it a 2007 Denver penny? The answer is, yes, but it will be collected as a "No Date" coin.
The same thing would apply if you had an unopened mint bag of pennies from the Denver mint dated 1967. Would you call these 1967 Denver pennies? Would anyone else that collects coins? From what I have read coins were minted at all three mints from 1965-1967, they were just made without mint marks, so this is a real possibility. The truth is you would have a bag of 1967 Denver pennies. The other truth is 1967 Denver pennies do not exists in this hobby because there is nothing about them that distinguishes them from those made at the other mints.
It is not that I don't care. I am very much into collecting these coins. I just think there needs to be some thing actually different about the coin itself for me to want to collect it separately. Otherwise I am just collecting 2 of the same coins and calling them something different.
The Cheerios Sac is a GREAT example of the coin actually BEING different. The Cheerios Sac is something rare and different. The Cheerios pennies, are just pennies.
The other one I don't understand is the "Non Burnished" 2000 D Millennium Sac's. I have never actually seen one of these, but my question has always been. Do you mean it is just a regular 2000 D Sac? If so, why would anyone pay huge dollars for it? If the coin has some different finish (not burnished, but not normal either) then that is different, it is a unique coin. But if all it is, is one of the other 519 million 2000 D sac's, that just happened to be inside a millennium package, I do not see the value.
I don't want to be taken the wrong way. I am not putting down anyone or their collection. I just don't get this issue.
<< <i>Whether there is an identifier on the coin or not or you care or not care what package it comes in "The U.S. Mint" clearly states that it was MINTED at West Point...Not at any other mint...
I don't disagree with the facts, my only point is that traditionally coins are collected by "what they are" not by what the mint says they are.
If you open a bag of 2007 Denver pennies and inside is a coin only partially struck, with no date. Is it a 2007 Denver penny? The answer is, yes, but it will be collected as a "No Date" coin.
. >>
There was a mint roll of Sac dollars that was graded by PCGS with a blank planchet inside..the planchet was graded with a date and blank error from PCGS.....