"satin"(mint sets) vs busiess stries
zeek
Posts: 397
I'm concerned that I goofed by replacing most of the Kennedy's I had in my album that were BU with "satin finished" coins from mint sets. I looked up "satin finish" on the PCGS website-
"satin finish
Another of the experimental Proof surfaces used on U.S. gold coins after 1907. The dies were treated in some manner to create the silky surfaces imparted to the coins."
These coins certainly are not gold nor are they proof, but I've heard coins in mint sets called "satin finish" tons of times. Business strikes and coins struck for mint sets are probably "made" the same way, but surely handled differently. I have 4 Ikes I want to send into NGC(I am so sure they will be graded high). They came from mint sets. Do TPGs label them differently from business strikes? I hope I didn't screw up!
"satin finish
Another of the experimental Proof surfaces used on U.S. gold coins after 1907. The dies were treated in some manner to create the silky surfaces imparted to the coins."
These coins certainly are not gold nor are they proof, but I've heard coins in mint sets called "satin finish" tons of times. Business strikes and coins struck for mint sets are probably "made" the same way, but surely handled differently. I have 4 Ikes I want to send into NGC(I am so sure they will be graded high). They came from mint sets. Do TPGs label them differently from business strikes? I hope I didn't screw up!
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<< <i>Do TPGs label them differently from business strikes? >>
Happy Holidays
Is pricing different between them?
I have my mint sets and that is all I care about.....
Hoard the keys.
Hoard the keys.
Are the Ikes from mint sets considered satin finish?
I was under the impression that satin finish coins only started showing up in mint sets a few years ago, and that mint sets from the 1970s just contained regular business strike coins.
My Adolph A. Weinman signature
The above is incorrect. “Satin” proof gold coins were made in 1909-1910. The same process was used in 1921-22 to make satin proof Peace dollars, and possibly one 1921 double eagle.
A satin proof was made by striking the planchet with new dies in a high tonnage medal press. There was no special treatment to either dies or coins. The surfaces are those of new dies free of metal flow and damage. Some 1921 Peace dollars have a similar satiny flat metallic look – very unlike the kind of luster normally associated with silver dollars. (“Sandblast proof” coins were made by sandblasting satin proofs.)
Modern “satin” coins from mint sets are made with specially finished dies – not the same process as in the early 20th Century.
FWIW – A really choice circulation strike is much more desirable than a coin cut from a mint set.
<< <i> "satin finish - Another of the experimental Proof surfaces used on U.S. gold coins after 1907. The dies were treated in some manner to create the silky surfaces imparted to the coins."
The above is incorrect. “Satin” proof gold coins were made in 1909-1910. The same process was used in 1921-22 to make satin proof Peace dollars, and possibly one 1921 double eagle.
A satin proof was made by striking the planchet with new dies in a high tonnage medal press. There was no special treatment to either dies or coins. The surfaces are those of new dies free of metal flow and damage. Some 1921 Peace dollars have a similar satiny flat metallic look – very unlike the kind of luster normally associated with silver dollars. (“Sandblast proof” coins were made by sandblasting satin proofs.)
Modern “satin” coins from mint sets are made with specially finished dies – not the same process as in the early 20th Century.
FWIW – A really choice circulation strike is much more desirable than a coin cut from a mint set. >>
Probably the best place to get business strike (non satin finish) state quarters is from the official mint state quarter rolls. I assume it is the same for nickels, halves and dollars as well.
Hoard the keys.
<< <i>So I wasn't truly wrong by replacing early(under 90s) Kennedy business strikes with those from Mint Sets? And when you said, "...SMS..." You meant Satin Mint Sets? >>
SMS Special mint set for NGC, ICG will put SP-00, PCGS will put MS-00 but have satin finish on the holder.
Hoard the keys.
one last one:
I noticed in www.bestcoin.com that 1964 halves, quarters, dimes, nickels and cents have a variety listing of SMS, but it is NOT listed under "mint sets" http://www.bestcoin.com/us-mint-sets.htm So what does SMS stand for? Special or Souvenir Mint Set? Someone on collectorsunivese.com says only a "handful" were made and not much more was mentioned.. An eBay dealer swears they don't exist, another offered to sell me one of three he has. I am aware of the 65, 66 and 67 and ask if it's kosher to use them coins to upgrade my Kennedy mint set(I'm too proud of this set and upgrade with the best I can get).
I thank you for your replies and time and wish you a good holiday.
are, however, made to a much higher standard. They are struck at lower speeds
and higher pressure by new dies. There is sometimes a little extra care with plan-
chet preparation as well, but this applies primarily to coins struck since 1986. These
same techniques can apply to circulation issues that it is rare. In any case it's impos-
sible to positively identify mint set coins because the speed and pressure of a strike
can not be discerned from the finished product. Even circulation dies which can strike
over a million coins started out as new as do the vast majority of mint set strikes.
SMS was used initially for the '65 to '67 issues which were a proof set/ mintset hybrid
but the term has also been employed for use in various more recent issues which are
struck a single time like a mint coin rather than a proof.
Satin Finish is a term they are using for the 2005 and later mint set coins which are now
struck from chrome plated dies. The term has been used previously for other purposes.
Cladking was, of course, 100% correct. (I wish he'd write a book that contains what he knows about modern coins!)
Additionally, re the 1965-1967 SMS: The SMS stands for "Special Mint Sets." I was collecting during that era and collectors generally disliked those coins because 1) they were much more expensive than the previously issued proof sets--$4.00 for the SMS versus $2.10 for the previous proof sets, and 2) the quality of the SMS sets was a LOT less than that of proof sets. (Today, though, there are some uncommon SMS coins with CAM or DCAM finishes; such coins were not widely collected in the 1960s, so I saw none of them during that era.) I think it is difficult for PCGS to distinguish between SMS and regular MS coins, so often well struck MS coins come back labeled as SMS, much to the dismay of the submitter who'd prefer the MS designation because the coin is worth more as an MS than a SMS.
Finally, re 1964 SMS sets: You can search these boards for threads dealing with thse coins. In a nutshell, there seem to be about 12 of these sets. Stacks auctioned most (perhaps all? I don't know) of them from one collection. In the words of QDB (and Longacre) these coins are excessively rare.
Mint set coins and non-satin business strikes.
A person wanting all the issues of 2007 would have to buy 70
different coins plus the 7 silver coins from the silver Proof set.
77 different coins total.
77 different coins total.
Plus 8 First Spouse, 4 Jamestown, 2 Little Rock, 13 Platinum Eagles, 12 Gold Eagles, 3 Silver Eagles, and 2 Gold Buffalos!
My Adolph A. Weinman signature
Well, just Love coins, period.