NIFC= Not Intended For Circulation. IFC= Intended For Circulation.
I just received my June issue of CW(coin world). For me a little knowledge is dangerous. In CW an article headline reads: San Francisco Mint
strikes circulation-quality quarters. Namely ATB's, America the beautiful. To me this article doesn't give enough information and IMHO is ambiguous and misleading and confusing:
1. P&D mints will also strike 2012 ATB's but with presses set for 700-750/min., more than once if needed.
2. S mint ATB's will be struck at 70 coins/min., ONLY ONCE.
3. Still P, D, & S mints will be primarily IFC's.
4. IMHO S mint ATB's should be of higher grade(ms65-msproof) and much more noticeable to the collector. Still they're classed as IFC coins.
5. Oh yes, some P&D mint ATB's will be sold as " collector products". HUH?? IMHO this means higher value numistmatically speaking, YES, NO??
How many P & D mints?
6. What about the S mint ATB's? I only assume that some will be selected for " collector products".
7. 1.7 million 2012 ATB's of each park will be struck. I hope all mints strike the same amount. No further specific figures are given.
S mint ATB's will still be primarily IFC coins, I hope, I hope. This means our banks will get them and sell them at Face Value. Yes, No??