Question re: Mint-sewn bags of Kennedy Halves, 2002-2011

jmski52

Regarding the $100 bags of Kennedys sold directly by the Mint since 2002:

Has anyone bought many of these and ever found anything worth finding in one of them?

keyman64

I bought a bag in 2002. Found 100 Coins from the Denver mint and 100 coins from the Philly mint. Nothing special besides the low mint state beat up coins that I fed through a coin counter at my credit union a couple of years ago. The bag cost me $135 and I ended up getting $100 for it. It is something I did once and will never do again. Some people have to learn the hard way.

MsMorrisine

pricing seems akin to mint sets, except worse.

everyone that wants them seems to have them, so sales prices will kill you.

and the worse part is that the quality you have inside isn't likely to be as nice as what you'd find in a mint set.

Caleb

<< <i>pricing seems akin to mint sets, except worse.

everyone that wants them seems to have them, so sales prices will kill you.

and the worse part is that what you have inside isn't likely to be as nice as what you'd find in a mint set. >>



Just the difference between Satin Finish and Mint State for 2005 - 2010

Manorcourtman

Between 2004 and 2010 I bought numerous bags. Probably an average of 10-15 per year. Never found any errors and the GEMS were few and far between. Bought zero this year due to the Mint going back to Business strikes in the Mint sets. From what I heard the rolls yielded more gems. I ended up rolling most and turning them into the bank.

MsMorrisine

<< <i>

<< <i>pricing seems akin to mint sets, except worse.

everyone that wants them seems to have them, so sales prices will kill you.

and the worse part is that what you have inside isn't likely to be as nice as what you'd find in a mint set. >>



Just the difference between Satin Finish and Mint State for 2005 - 2010 >>



true.

I changed to "quality" since that was what I was going for in the first place. but you're not going to get a plain business strike from a mint set during the satin years.

Coinsponge

I used to get multiple bags and search through them for higher grades. Best I found were 67's. I think the Mint must employ gorillas to toss the bags around a bit before selling them.

LindeDad

My MS68 2007-P Business strike came out of a bag just too bad I didn't find it and paid a bunch for it.

Caleb

<< <i>

<< <i>

<< <i>pricing seems akin to mint sets, except worse.

everyone that wants them seems to have them, so sales prices will kill you.

and the worse part is that what you have inside isn't likely to be as nice as what you'd find in a mint set. >>



Just the difference between Satin Finish and Mint State for 2005 - 2010 >>



true.

I changed to "quality" since that was what I was going for in the first place. but you're not going to get a plain business strike from a mint set during the satin years. >>



Not true.

Just look at this coin I know of two collectors that have bought this cert number and sent it back because it is as my dad would say, a "wolf in sheep clothing". The seller knows what it is andthat it is in the wrong holder but now does not have a return policy anymore on it (Buyer BEWARE )

This is just an example of a business strike coin coming ouit of a satin finish holder, at least according to PCGS it is a business strike

7Jaguars

Not to pirate the thread but how does the mint crank out 1.7 million per mint per year?
They need to drop this by 3/4 IMO...
Who is buying these by the bag still?
Even the rolls...

19Lyds

One fella over on CoinTalk reported finding a 2001 with a missing clad layer in oine of the 2001 Bags.

mas3387

<< <i>One fella over on CoinTalk reported finding a 2001 with a missing clad layer in oine of the 2001 Bags. >>



We found a 2011 Missing clad layer

LindeDad

<< <i>

<< <i>

<< <i>

<< <i>pricing seems akin to mint sets, except worse.

everyone that wants them seems to have them, so sales prices will kill you.

and the worse part is that what you have inside isn't likely to be as nice as what you'd find in a mint set. >>



Just the difference between Satin Finish and Mint State for 2005 - 2010 >>



true.

I changed to "quality" since that was what I was going for in the first place. but you're not going to get a plain business strike from a mint set during the satin years. >>



Not true.

Just look at this coin I know of two collectors that have bought this cert number and sent it back because it is as my dad would say, a "wolf in sheep clothing". The seller knows what it is andthat it is in the wrong holder but now does not have a return policy anymore on it (Buyer BEWARE )

This is just an example of a business strike coin coming ouit of a satin finish holder, at least according to PCGS it is a business strike >>



Oh for the days of yore when real collectors had to get their Business Strike coins entered into thier registry sets PRIOR to the release date of the mint sets.
Or just wait and put whatever some dealers made at the end of the year.

leothelyon

uncirculated:

The term "uncirculated" may have three different meanings when applied to a coin.

First, it can refer to the particular manufacturing process by which a coin is made.
Second, it can be used as a grade when referring to a coin's degree of preservation and quality of the strike.
Or third, "uncirculated" can point to the fact that a coin has not been used in everyday commerce.

At the United States Mint, we use the term uncirculated when referring to the special coining process used to make the coin, which gives it a satin finish. Uncirculated coins are manufactured using the same process as circulating coins, but with quality enhancements such as slightly higher coining force, early strikes from dies, special cleaning after stamping, and special packaging. Uncirculated coins may vary to some degree because of blemishes, toning, or slight imperfections.

Uncirculated;

Uncirculated (mint set) coins are struck like circulating coins, but with higher force, newer dies, special cleaning after stamping, and Mylar® packaging. Uncirculated coins may vary to some degree because of blemishes, toning, or slight imperfections as described below.
The text you want bold

The above definitions also apply to the 2011 mint set and circulating coins as they did for the Satin Finish and circulating coins of 2005 to 2010.

The US Mint ceased making Satin Finish coins due to pressure from collectors abroad.

It is very important for collectors to be able to discern the strike characteristics or differences between the Uncirculated mint set coins and the circulating coins. For Jefferson nickels, my specialty, the weakness of detail in Jefferson's hair can be seen in the circulating coins. Avoid circulating coins at all costs if you want a higher quality coin. Whereas the detail will be very sharp for the mint set coins due to the higher pressure of the special coining process used to strike those coins.
If you want higher quality coins for your collections, just buy the mint sets or the individual coin cut-outs from mint sets from reliable sources. Not those who push the inferior circulating coins as high quality coins.

Bochiman

<< <i>

<< <i>

<< <i>

<< <i>pricing seems akin to mint sets, except worse.

everyone that wants them seems to have them, so sales prices will kill you.

and the worse part is that what you have inside isn't likely to be as nice as what you'd find in a mint set. >>



Just the difference between Satin Finish and Mint State for 2005 - 2010 >>



true.

I changed to "quality" since that was what I was going for in the first place. but you're not going to get a plain business strike from a mint set during the satin years. >>



Not true.

Just look at this coin I know of two collectors that have bought this cert number and sent it back because it is as my dad would say, a "wolf in sheep clothing". The seller knows what it is andthat it is in the wrong holder but now does not have a return policy anymore on it (Buyer BEWARE )

This is just an example of a business strike coin coming ouit of a satin finish holder, at least according to PCGS it is a business strike >>




Well, knowing who that dealer really is, and their past history, one would think anyone knowledgeable person wouldn't buy from him anyway.....

leothelyon

Can someone post pictures to show the differences in strike details between the mint set Kennedy halves and their circulating counterparts?

It almost sounds frivolous to some people, perhaps even to the coin grading services, the minute details in a strike, why all the fuss etc; as long as the label says it's this or that, we're suppose to be content. But it should matter and it does with those who look at their coins everyday and those who wish to be precise with their sets. To avoid looking foolish or ignorant, especially if the matter is a simple one. We don't want to look too stupid, do we?

But the truth is, with moderns, for the serious collector, it shouldn't matter if everyone is getting it right. In the state it's in, what a mess....that it's only matters between those, those collectors of the inner circle (if you will) who interact amongst themselves. It's really a personal thing, getting it right, really!