2009 - Last Year for Satin Finish?

KiltedOne · December 6, 2009 12:01AM

I just read a blog entry that the Mint has announced that 2009 will be the end of the Satin Finish runs for the mint sets. I have not confirmed this independantly and was curious if any others heard this, or have more facts.

If this is true, do you think we will see a rise in value for Satin Finish ? I personally would welcome the end of the line for the Satin Finish sets.

19Lyds · December 6, 2009 1:27AM

You'll need to produce a link friend, otherwise this is just a rumor.

cladking · December 6, 2009 1:49AM

It's an interesting rumor.

While there probably would be some increased interest in satin finish coins there
could be a virtual run on the '05 to '09 coins that aren't satin finish.

BillJones · December 6, 2009 2:07AM

It's hard for me to believe the rumor is true. The older mint set coins (especially in the 1970s and early '80s) were often junk with loads of scratches and poor eye appeal. If the mint is going to charge big bucks for these coins, they will need to keep the quality up.

19Lyds · December 6, 2009 2:28AM

<< It's hard for me to believe the rumor is true. The older mint set coins (especially in the 1970s and early '80s) were often junk with loads of scratches and poor eye appeal. If the mint is going to charge big bucks for these coins, they will need to keep the quality up. >>

Personally, I would like the US Mint to offer collector rolls of the regular circulating coinage. I'd pay a couple of bucks premium for a roll of 2009 Nickels and dimes.

Given the difficult economic times, it might just be a program they should consider.

LindeDad · December 6, 2009 3:04AM

Another SMS fiasco they messed up in the sixty's why not again.

Kablemodem · December 6, 2009 3:20AM

Can't they offer better quality coins without a special finish? They could make a run of coins that are handled with a little more care rather than scooping them up with a shovel from a regular run.

Do people who collect new coins for each year have a regular business strike in addition to the satin finish coin, or are they considered interchangeable?

Overdate · December 6, 2009 3:24AM

I've never seen a full description of the difference between Satin Finish (2005-2009-PD), Special Mint Set (1965-1967), Matte Proof (early 20th century), burnished (2006-2008-W silver, gold and platinum American Eagles), and whatever they call the coins in the special sets (1994-P nickel, 1997-P nickel, 1998-S silver half, and 2000-D Sacajawea dollar). Has anyone done such a comparison?

lope208 · December 6, 2009 3:29AM

<< Can't they offer better quality coins without a special finish? They could make a run of coins that are handled with a little more care rather than scooping them up with a shovel from a regular run.

Do people who collect new coins for each year have a regular business strike in addition to the satin finish coin, or are they considered interchangeable? >>

Personally, I've updated my Dansco albums the last few years by breaking open a Mint Set. So I guess I don't actually have the business strikes, but I don't really care. At least not at this point in my collecting life. I'm sure there are some people with Registry Sets who care to have both.

lope208 · December 6, 2009 3:34AM

<< It's an interesting rumor.

While there probably would be some increased interest in satin finish coins there
could be a virtual run on the '05 to '09 coins that aren't satin finish. >>

Can you clarify this for me, CladKing? Thanks!

Type2 · December 6, 2009 3:41AM

I herd the same interesting rumor. I hope so that will make the sets of satin finish coins worth more $$$, But that is just me.

DIMEMAN · December 6, 2009 3:47AM

I SURE HOPE THIS IS TRUE !!!!!!!!!!!

NO MORE TWO SETS OF MODERN COINS NEEDED FOR MY SET !!!

Gemineye · December 6, 2009 4:28AM

<< 2009 - Last Year for Satin Finish?
>>

Man ...I wish it were true...!!!..I'm tired of getting soaked with all the different kinds of finishes to keep my moderns up to date...!!!

cladking · December 6, 2009 4:46AM

<< Can't they offer better quality coins without a special finish? They could make a run of coins that are handled with a little more care rather than scooping them up with a shovel from a regular run. >>

I agree with the sentiment.

The mint set coins since 1964 have been about two cuts above those
made for circulation but the quality is still often abysmal. The primary
problem is scratching and gouging but they usually have other defects
as well from oblique strikes to retained planchet marking.

It may not be reasonable to expect every coin in every set to be a gem
but it would seem they could do a lot better than 1: 300 like the '76
type I Ike.

The mint set coins are specially made on numismatic presses with new
dies and higher tonnage but it does look like they were often scooped
up with a shovel.

<< 
Do people who collect new coins for each year have a regular business strike in addition to the satin finish coin, or are they considered interchangeable? >>

I should think for most collectors there is little alternative.

HalfStrike · December 6, 2009 5:33AM

I heard that the mint will not be making the w silver eagle uncirculated anymore, so the 2006 w, 2007 w and 2008 w uncirculated are the last of the w coins.

DIMEMAN · December 6, 2009 5:41AM

<<
Do people who collect new coins for each year have a regular business strike in addition to the satin finish coin, or are they considered interchangeable? >>

YOU HAVE TO HAVE BOTH FOR the complete dime set !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

R E A L L Y S U C K S !!!

Overdate · December 6, 2009 5:47AM

<< Do people who collect new coins for each year have a regular business strike in addition to the satin finish coin, or are they considered interchangeable? >>

For the 2009 Lincoln cents they'll need both a circulation strike and a satin finish, because of the different metal compositions.

CaptHenway · December 6, 2009 6:23AM

If they are going to discontinue the Satin Finish this would be a good year to do so, before the next series of quarters starts. Of course, it cuts off the Presidential dollar series......

I always thought that it was a bad idea to change finishes in the middle of the statehood quarter series. Maybe the Mint listed to complaints. Who knows????

TD

Silverstate · December 6, 2009 8:52AM

I have a hard time believing this is true.

1 - The mint does not sell a "Satin Finish" set, they are uncirculated ! - But we know they are Satin Finish.
2 - If you ask a mint employee about the satin finish sets, they say we don't have any, just uncirculated sets. (Refer to point#1)

Kablemodem · December 6, 2009 8:53AM

<< <<
Do people who collect new coins for each year have a regular business strike in addition to the satin finish coin, or are they considered interchangeable? >>

YOU HAVE TO HAVE BOTH FOR the complete dime set !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

R E A L L Y S U C K S !!! >>

This is why I was against the satin finish Mint Sets from the start. Did anyone even ask for them? I don't maintain year sets so I don't really care, but I see business strike rolls from the satin finish years potentially as valuable as those from 1983, unless they were saved in high quantities. That could make the 2009 rolls, especially dimes and nickels, extremely valuable in years to come due to the relatively low mintages. Who would have thought a roll of 1983 quarters would be worth $1,000 (according to NN price guide)?

DieClash · December 6, 2009 1:32PM

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.

Text

Silverstate · December 6, 2009 1:44PM

<< 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.

Text >>

As I said....They are not going to give this up...its a revenue generator!

notwilight · December 6, 2009 1:51PM

The mint has clearly been moving away from producing collector coins. That trend is what makes this rumor sound believable to me. Otherwise, I have no idea what the truth is. --Jerry

cladking · December 6, 2009 1:53PM

<< 

As I said....They are not going to give this up...its a revenue generator! >>

They've been using the exact same process to make mint set
coins since 1965 except dies weren't basined after 1967.

The only change made for the satin finish in 2005 was chrome
plating the dies.

The only way it would be a revenue enhancement is if sales in-
creased which doesn't appear to be the case. Perhaps they
are assuming increased numbers of "circulating coin" being set
aside and are counting it as well. They do get some credit for
total production so this might be why they did it.

ProofCollection · December 6, 2009 2:03PM

I hope this is true! It is incredibly expensive and exhausting collecting ALL of the versions for all of the coins produced now... Presidential Dollars + Sac, P & D, Position A & B, business and satin Plus proofs. Then consider the same for the multitude of state quarters, and now 4 different pennies P & D. It's out of control!

7Jaguars · December 6, 2009 2:29PM

Hey, I can confirm this rumor, as I have it from no other authority than "Coin Collector" on HSN (I think) and we KNOW they are authorities!

cladking · December 7, 2009 2:27AM

Maybe the bigger question here is what mintages have been the
last few years for the mint sets. If they are down then the mint has
a lot of unused capacity that they might want to use and the most
obvious way is stop using the SF.

The sets are so massive now days that one has to be careful in mak-
ing capacity comparisons. The amount of packaging and assembly is
far higher than with the pre-'99 sets.

halfnut · December 7, 2009 6:04AM

Tha Satin Finish set's have been a burrr in my butt from the start. I for one would not miss them a bit --- now if only PCGS would get them out of the "Circulated " set's I would be doing cartwheels. I never have collected them and never will, I only collect circulation strike coins.

Dan

sumnom · December 10, 2009 3:16PM

<< Tha Satin Finish set's have been a burrr in my butt from the start. I for one would not miss them a bit --- now if only PCGS would get them out of the "Circulated " set's I would be doing cartwheels. I never have collected them and never will, I only collect circulation strike coins.

Dan >>

Amen! If it's not a business strike, it's not a coin, it's a US Mint souvenir.

(Flame away. )

leothelyon · December 10, 2009 4:58PM

<< 

<< Tha Satin Finish set's have been a burrr in my butt from the start. I for one would not miss them a bit --- now if only PCGS would get them out of the "Circulated " set's I would be doing cartwheels. I never have collected them and never will, I only collect circulation strike coins.

Dan >>

Amen! If it's not a business strike, it's not a coin, it's a US Mint souvenir.

(Flame away. )

>>

Personally, I have yet to persue these type of nickels for my collection. Why? With most grading 68 and 69, what's there to collect?
But I won't go into that now.

On another note,
What's up with the 2009-P business strike? Suddenly we have some 70+ MS66FS coins showing up in the pops. Could they be satin finish coins mistakenly graded as business strikes? And not one has surfaced for sales. Who has the story on these? Anybody?

Leo

pendragon1998 · December 10, 2009 6:00PM

<< 

<< Can't they offer better quality coins without a special finish? They could make a run of coins that are handled with a little more care rather than scooping them up with a shovel from a regular run.

Do people who collect new coins for each year have a regular business strike in addition to the satin finish coin, or are they considered interchangeable? >>

Personally, I've updated my Dansco albums the last few years by breaking open a Mint Set. So I guess I don't actually have the business strikes, but I don't really care. At least not at this point in my collecting life. I'm sure there are some people with Registry Sets who care to have both. >>

Precisely my outlook and approach. I keep Dansco albums for Lincoln cents, Jefferson nickels, and Kennedy halves (and, *cough* state quarters), with the latter three albums being built from circulation. I've not had any interest in recent years in searching through rolls for the latest 200X issues (I'd rather focus on older coins I needed for the sets), so I just crack a mint set to keep things up to date. Don't really care about satin vs. BS.

KiltedOne · December 10, 2009 8:17PM

I too see that Mike Musak from HSN (and other dubious coin TV shows) has stated that he has the "scoop" on the information regarding the Satin finish coins and an announcement from the mint is forthcoming. He specifically has mentioned the end of the Satin ASE, as well as the Satin Mint Set.

I would not be surprised if his information is correct.

pf70collector · December 10, 2009 9:12PM

I hope they end the whole ASE program. Seems like the mint may be considering it seeing how the handled this year's debacle for the 09 collector ASE. If they end the Satin ASEs it will only put more pressure of the existing ones. I have also stopped collecting all future mint and proof sets from the mint. I enjoyed the Quarter State Program and collecting all the sets, but their mint set and proof set program is getting out of hand. It goes against the very core of their statement several years ago that they are offering way too many products, yet they continue to ignore their own mission statement. More government Orwellian double speak and it does not surprise me. Their Satin Mint Set Program was also damaging to the PCGS State Quarter Business Strike Registry Set which I ended collecting in 04 and I am now dismantling it.

amiller · December 11, 2009 12:00AM

Besides dropping the satin finish, I'd also like to see the packaging return to the plyofilm (or whatever its called).

2009 - Last Year for Satin Finish?

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The more qualities observed in a coin, the more desirable that coin becomes!

My Jefferson Nickel Collection

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