Well I just got my grades in on my 2010-D Jeffersons. Up date on Grades.

Type2 · September 9, 2010 11:23AM

I sent in some Jefferson like I said I was. They are the coins I posted two or three weeks ago that I pulled from OBW rolls. Well this is what they are going to send me. Did some one at PCGS goof or did the U.S Mint send out bags of the wrong coins, or are they useing the old dies from the satin finish coins? Alot to think of right now I will call them in the A.M they did come from bank box's.

Line #PCGS No. CoinDate Denomination Variety Country Grade
1 1 418794 2010-D 5C Satin Finish US SP64FS
1 2 418794 2010-D 5C Satin Finish US SP67FS
1 3 418794 2010-D 5C Satin Finish US SP67FS
1 4 418794 2010-D 5C Satin Finish US SP67FS
1 5 418794 2010-D 5C Satin Finish US SP66FS
1 6 418794 2010-D 5C Satin Finish US SP67FS
1 7 418794 2010-D 5C Satin Finish US SP67FS
1 8 418794 2010-D 5C Satin Finish US SP65FS
1 9 418794 2010-D 5C Satin Finish US SP64FS
1 10 418794 2010-D 5C Satin Finish US SP67FS
1 11 418794 2010-D 5C Satin Finish US SP67FS
1 12 418794 2010-D 5C Satin Finish US SP66FS
1 13 418794 2010-D 5C Satin Finish US SP64FS

This is one of them.

AUandAG · September 9, 2010 11:27AM

Ahhhh, maybe a posting error by PCGS, likely to be different when
they show up!

bob

TWQG · September 9, 2010 12:02PM

I hope that's a posting error but I fear the worst. This satin finish stuff is a mess!

sinin1 · September 9, 2010 12:08PM

they just look too good

how many thousand did you look through?

Manorcourtman · September 9, 2010 12:24PM

This is why I do not submit Business strike coins to PCGS after the Mint sets come out. They have done it to me before also. I resubmitted a 2005 Buffalo 3x that I found in a OBW and they called it SF 3x. NO MORE for me.

Type2 · September 9, 2010 12:35PM

<< they just look too good

how many thousand did you look through? >>

I looked at 3 box's two dated July 6 and one Dated Jun 28. I have 25 box but with all the talk of nice coins being found I just could not help my salf to open one or two or three, Then the last box dated in Jun I found some nice ones so I sent them in but I hope it's a error. I'll keep my fingers cross. It was 7500 coins.

Manorcourtman · September 9, 2010 12:40PM

<< 

<< they just look too good

how many thousand did you look through? >>

I looked at 3 box's two dated July 6 and one Dated Jun 28. I have 25 box but with all the talk of nice coins being found I just could not help my salf to open one or two or three, Then the last box dated in Jun I found some nice ones so I sent them in but I hope it's a error. I'll keep my fingers cross. It was 7500 coins.

>>

Good luck, you'll need it. I tried that route, no dice. I also included a note in my submission for the graders to read.......they determined the coin was satin finish and that was the end of the story. Your word means nothing. They determine your fate.

Type2 · September 9, 2010 12:44PM

I guess I can kill that one. I'll just send in a never opened box with that date but it will cost me big time for grading.

MsMorrisine · September 9, 2010 12:44PM

I'm telling you....

I got ahold of some new President Buchanan dollar coins from Philly....

They have to be struck on old Satin Finish dies.

They aren't so old that they have flow lines in them, so I've ruled out seriously used to abused dies.

But the whole coin is orange peel... all the devices, all the fields, the rims, everything.

ambro51 · September 9, 2010 12:47PM

Now watch....heres what will happen. Like a Miracle...that numerical grade will sink to MS64 when the take the very VERY same coins and re do them as business strikes.

PLEASE keep us well posted of developments here.

Type2 · September 9, 2010 12:54PM

I was thinking the same thing. I dont see why this happens but I'll let every one know when they come back.

19Lyds · September 10, 2010 12:03AM

A friend of mine went through this exact same exercise and I've personally had similar experiences. (One involved a Jefferson Mint Set coin which was graded as Business Strike and the other was a Business Strike Presidential which was graded as Satin Finish.)

At any rate, my buddy received some nice high grade Jefferson's but PCGS graded them as Satin Finish.

A few calls and emails later and they "reviewed" them as business strikes with some downgrades which did not make one bit of sense.

Hopefully, you'll fare better but don't be surprised if things change given the Populations on the 2010-D FS MS67.

Steve27 · September 10, 2010 1:38AM

This is just like the 65-67 SMS/business-strike problem.

Type2 · September 17, 2010 4:45AM

I just rec my New grades no change on the grades. Only on the Finish not Satin Finish,Ya Thank you P.C.G.S for making it right.

Line # Item # PCGS No. CoinDate Denomination Variety Country Grade
1 1 418786 2010-D 5C US MS64FS
1 2 418786 2010-D 5C US MS67FS
1 3 418786 2010-D 5C US MS67FS
1 4 418786 2010-D 5C US MS67FS
1 5 418786 2010-D 5C US MS66FS
1 6 418786 2010-D 5C US MS67FS
1 7 418786 2010-D 5C US MS67FS
1 8 418786 2010-D 5C US MS65FS
1 9 418786 2010-D 5C US MS64FS
1 10 418786 2010-D 5C US MS67FS
1 11 418786 2010-D 5C US MS67FS
1 12 418786 2010-D 5C US MS66FS
1 13 418786 2010-D 5C US MS64FS

SUMORADA · September 17, 2010 4:49AM

mas3387 · September 17, 2010 5:05AM

leothelyon · September 17, 2010 5:42AM

Did someone at PCGS goof or did the U.S Mint send out bags of the wrong coins, or are they useing the old dies from the satin finish coins?

I thought you said it all with this statement but more importantly, what do you think the coins resembled? BS or SF coins?

What form of manufacturing would be acceptable for a coin to be labeled as a business strike? IMO, I'd like to think a coin is made from dies that were specifically made to strike one type of coin. It's likely someone figured out that it wouldn't be necessary to produce a 3rd set of dies, aside from the proof and SF dies. They instead reasoned that circulating coins could be struck from used SF dies. This reasoning also falls in line with their goal to cut costs in the production of coins.

I don't know how many of you here are aware that there has been a 1200+ thread over in the Registry forum and no-one has any information from the US Mint on how circulating coins are produced. I did find two definitions from their glossary and I'll post them here as well. But read them and come to your own conclusions. I have highlighted in bold print what I thought was significant in my thoughts......that circulating coins from 2005 to 2010 are nothing more than watered-down versions of SF coins struck from used SF dies.

From the US Mint's glossary of terms;

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 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.

Leo

I also wanted to add, Ricc, if you have any of the SF coins from the mint sets and since your photography skills are pretty good, could you post a pic? Thanks

mas3387 · September 17, 2010 6:11AM

keets · September 17, 2010 6:57AM

i was thinking along the same lines as Leo, that the key point is method of manufacture and not necessarily anything having to do with where the coins came from. it's sort of like the dilemma faced by collectors of 19th Century issues which were routinely struck from retired Proof Dies; it was the method of manufacture which determined how the coin is designated. my perspective is that if the subject coins were struck with specially prepared dies and the determining factors are the other subtleties that Leo listed, well, it looks like it's deja vu all over again!!!! we have been transported back to 1965-67 and the wonderfull SMS debacle.

FWIW, the OP coin looks hands down to be a Satin Finish issue.

Type2 · September 17, 2010 9:15AM

Here is a side by side pic of one I just pulled from a roll, But don't forget the box's I rec are some of the 1st one's out of the Mint with date's that say Jun 18th, 28th to July 06, Befor the mint said they made any. They look close. We will need the mint to say yes or no they did or not. Is it O.K for them to do this if they did?

I dont have any 2010 set's so I used a 2009.

I can see the Rim is alot thiker on the Satin Finish then the Business-Strike.

leothelyon · September 17, 2010 9:54AM

<< Here is a side by side pic of one I just pulled from a roll, But don't forget the box's I rec are some of the 1st one's out of the Mint with date's that say Jun 18th, 28th to July 06, Befor the mint said they made any. They look close. We will need the mint to say yes or no they did or not. Is it O.K for them to do this if they did?

I dont have any 2010 set's so I used a 2009. >>

Heck, the SF coin looks more BS than the circ. coin.

<< I can see the Rim is alot thicker on the Satin Finish then the Business-Strike.

>>

The rims will thin out after a few hundred hits from the coining press but can be quite impressive on a EDS BS coin.

Again, nice photography!

Leo

Type2 · September 17, 2010 11:14AM

Thanks Leo.

Well I just got my grades in on my 2010-D Jeffersons. Up date on Grades.

Comments

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

My Jefferson Nickel Collection

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

My Jefferson Nickel Collection

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