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(SORRY!!) 25th ANV. Set grading as 70's

johnperk747johnperk747 Posts: 582 ✭✭✭
in U.S. Coin Forum

So, what is going to keep the US MINT from using the "returned" common ASE's that are out/issued already???
(you know, the one you have "cherry picked" and sent back the BAD ones image )

Would this not make it very hard to get PCGS 70 FS sets

JUST A THOUGHT image


BLESSINGS

Comments

  • MetalsmanMetalsman Posts: 2,064 ✭✭✭
    I think you bring up a good point/question.. I supose they will be using whatever inventory they have..soooo. its possible.
  • derrybderryb Posts: 37,107 ✭✭✭✭✭
    I returned ninety percent of a very large order of ASE proofs earlier this year that had more than just a small ding problem. Karma is gonna put five of them back in my sets for sure.

    More than likely the mint did not make a special run for the set on the coins that had already been issued to the market. I would assume they are just pulling set coins off the shelf from current inventory. When I spoke to a customer service rep once, he did not know if the returns went back on the shelf but he did know that they go back for a quality control inspetion. I'm guessing if QC sees nothing wrong with them they go back on the shelf.

    Repetition of ignorance is ignorance raised to the power two.

  • bouchardaboucharda Posts: 2,941


    << <i>So, what is going to keep the US MINT from using the "returned" common ASE's that are out/issued already???
    (you know, the one you have "cherry picked" and sent back the BAD ones image )

    Would this not make it very hard to get PCGS 70 FS sets

    JUST A THOUGHT image


    BLESSINGS >>



    Another thought....as per Mint policy they will NOT accept a partial return of a product (product= set). If you don't like a coin in the set you will have to return the whole set for a refund....(I would think this would be a dumb move)

    Edited to add: OOPS...misunderstood the message...I get it now.
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    How the two coins that were specially made for the sets are graded are going to be the turning point on pricing I think. Are the other three even going to have their own unique coin numbers?
    image
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
  • johnperk747johnperk747 Posts: 582 ✭✭✭

    I can't answer for PCGS (I mean, they came out with the 2005 10th Anv. coin, both UNC & Proof ver's)

    And like other TPG Co.'s, have coins labeled as 25th Anv. coin out now.

    I think they will have to place on there label: US MINT/25th Anv. Coin/Set image or something like that . . . JMHO

    and will the "other" 3 coins come in FS (that's for another Thread (I hope not image )

    BLESSINGS AS ALWAYS
  • 19Lyds19Lyds Posts: 26,491 ✭✭✭✭
    I'm of the opinion that virtually every single coin returned to the US Mint gets a cursory "visual inspection" and then gets put back into inventory once its validated that all the appropriate packaging is with the coin(s). (i.e. COA's, boxes, etc.)

    I'll go so far as to say that the "visual inspection" is nothing more than insuring that the "set" is complete and intact such as returning copper nickel clad Proofs as a Silver Proof by replacing the silver coins with the cn clad coins.

    I say this for two reasons.

    1. The QC currently employed before the coins get approved as final, is pretty good and most returns amount to hairlines which require magnification to view. (Read As: it ain't a 70)

    2. Any coin that would fail a non-magnified "visual inspection" is more than likely a valuable error which would NOT get returned. (Read Double Struck, Misaligned Die, Clip, Die Clash, extreme grease filled die)

    When products are returned to the US Mint, they first need to insure that it is in fact the actual product AND that its the complete product. Items such as mint sets need to go through re-packaging. Proof sets possibly the same thing if the box happens to be ripped or torn.

    SAE's and GAE's need to be inspected to insure that all the associated packaging is with the shipment such as box, airtight, COA, slip, etc.

    Once they've passed this inspection, they simply get restocked and resold to a less picky customer. Some folks don't even bother to inspect what's been sent and simply add it to the inventory.

    Of course, this is only my opinion.
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • morgansforevermorgansforever Posts: 8,462 ✭✭✭✭✭
    My prediction, the first complete PCGS 70 set will bring buku dollars.
    Any guesses? North of 10k?
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • vannvann Posts: 318


    << <i>My prediction, the first complete PCGS 70 set will bring buku dollars.
    Any guesses? North of 10k? >>


    First PCGS 70 graded set with all the trimmings 20,000+
  • morgansforevermorgansforever Posts: 8,462 ✭✭✭✭✭
    The business strike ASE will be the toughest to make 70.
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • vannvann Posts: 318


    << <i>The business strike ASE will be the toughest to make 70. >>


    Not being able to cherrypick the bullion coins and be able get the 25th anniversary label will make it tough. If the bullion coins were specially struck for the set and not handled like part of the business strikes that are put in tubes, chances may be better.
  • morgansforevermorgansforever Posts: 8,462 ✭✭✭✭✭
    <<Not being able to cherrypick the bullion coins and be able get the 25th anniversary label will make it tough. If the bullion coins were specially struck for the set and not handled like part of the business strikes that are put in tubes, chances may be better. >>

    Cherrypicking doesn't guarantee anything. Done that, only to receive 69's.
    Not sure if the bullion example is handled like the other examples.
    This undoubtedly will be the one that will make it tough for a 70 set.
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • ozeesozees Posts: 50


    << <i>So, what is going to keep the US MINT from using the "returned" common ASE's that are out/issued already???
    (you know, the one you have "cherry picked" and sent back the BAD ones image )

    Would this not make it very hard to get PCGS 70 FS sets

    JUST A THOUGHT image


    BLESSINGS >>

    If there is anyway someone can Play the system you can well believe,, His Will Be Done..
  • vannvann Posts: 318


    << <i><<Not being able to cherrypick the bullion coins and be able get the 25th anniversary label will make it tough. If the bullion coins were specially struck for the set and not handled like part of the business strikes that are put in tubes, chances may be better. >>

    Cherrypicking doesn't guarantee anything. Done that, only to receive 69's.
    Not sure if the bullion example is handled like the other examples.
    This undoubtedly will be the one that will make it tough for a 70 set. >>


    Cherrypicking will at least improve your chances of getting a 70. I wouldn't be surprised to see a quite a few 68 or less business strike coins if they were just pulled from their available inventory.
  • 19Lyds19Lyds Posts: 26,491 ✭✭✭✭


    << <i>So, what is going to keep the US MINT from using the "returned" common ASE's that are out/issued already???
    (you know, the one you have "cherry picked" and sent back the BAD ones image )

    Would this not make it very hard to get PCGS 70 FS sets

    JUST A THOUGHT image


    BLESSINGS >>

    Ahhhhh. image

    I see you point and my answer is: Nothing prevents this from happening which will simply add value to any 2011-W or 2001 SAE should the populations be extremely low.
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • paladinpaladin Posts: 898 ✭✭


    << <i>So, what is going to keep the US MINT from using the "returned" common ASE's that are out/issued already???
    (you know, the one you have "cherry picked" and sent back the BAD ones image )

    ........................... >>



    Pride? image


    "The only place success comes before work is in the dictionary."

    ~ Vince Lombardi
  • OPAOPA Posts: 17,126 ✭✭✭✭✭


    << <i>The business strike ASE will be the toughest to make 70. >>



    You must be joking...they already graded over 30k MS70 of the bullion version & over 2k for the recent released W unc collector version. Judging by the looser grading standards, there will be lots of PCGS 70 and even more NGC 70's
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • vannvann Posts: 318


    << <i>

    << <i>The business strike ASE will be the toughest to make 70. >>



    You must be joking...they already graded over 30k MS70 of the bullion version & over 2k for the recent released W unc collector version. Judging by the looser grading standards, there will be lots of PCGS 70 and even more NGC 70's >>


    That's out of a pool of over 30,000,000 coins. If the business strike coins for the anniversary set were just taken from the available inventory, it should definitely be the toughest coin to get in a 70. It all depends on how the set was put together.

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