2010-P Hot Springs SP70 Light Satin Found

This is the FIRST one in SP70 found, and on the market:
http://www.ebay.com/itm/2010-P-Amer...T-SATIN-/161527860351?ssPageName=STRK:MESE:IT

 

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So how much of that asking price is for the coin, how much for the MS70 grade, and how much for the FS designation? Just curious.

 

Good question!..A 2011-P SP69 First Strike Gettysburg Light Satin sold in August on ebay for 7.5k...word on da street is a SP70 one of those would grab 10k.

 

How much is a regular 69 or 70 go for? How much premium is the FS? How much are one of these raw?

 

Raw coins in mint boxes are 200-400...the PCGS price guide has all the prices for all coins..regular plain label, First Strike, and Satins. The price guide for Light Satins does not apply much, when dealing with top pop rarest satin finish coins...they sell wayyyyy over suggested, as do some SP70 2010(Yellowstone, Hot Springs), and Adacdia, Hawaii.
http://www.pcgs.com/prices/pricegui...e=5+oz.+america+the+beautiful+silver+quarters

 

FS?

Full Strike?

Or ?

 

FS? Full Strike?
or?

either way, I don't see any FS designation

 

Found?

These aren't found. These are purchased and sent in for grading with mixed results and its anybodies guess.

And what the heck is "Light" Satin?? Does this mean that if you squint, you might be able to see a satin finish? Does it mean its "almost" a satin finish but not quite?

 

You see a satin finish if you turn the lights on.

 

First Strike. I was just wondering how much of this price was the fact it was in plastic as "First Strike", whatever the hell that means.

 

oh, I missed the stupid label at top.

 

That's a lot of 'jing' for an otherwise common coin.......

 

Looking at the series, it appears the big driver is the "light satin" designation. The TPG's have determined this is some kind of rare variant of the normal satin finish. Is that right OP?

 

"Light Satin" is a term conjured up by PCGS. Like "First Strike" it probably means little to nothing where a coin is concerned except to a bidiot.

Chris

 

Okay...so if the finish is light on a special finish coin...it is by definition not perfect...so how does it get 70? Can you get a Pf70 on a coin where the fields are not mirrored proof? The grade makes no sense to me as the Light Finish aspect, especially on a coin label SP or SF......

 

A LOT of misinformation here, or, LACK of information on what a Satin Finish(NGC), or, Light Satin(PCGS) is, and, how they were "made"..in a nutshell, it's a production error...the US Mint was using an older machine to vapor blast the 2010 & 2011 5 Oz SP's, which was used for MEDALS...this was done Manually, 1 at at time...not fun, with 25,000 strikes....anyway, a few, probably due to fatigue, did NOT get into the Machine, and, were left with a "Matte" finish...these look JUST like the satin finish coins of 2005-2010...
Don't poo-poo these coins...there are a handful of big boys who don't mind spending the money for the best of the best. Read below, for an old article about the coins.
http://news.coinupdate.com/atb-five...ety-discovered-and-other-recent-developments/

 

U.S. Mint Statement on America the Beautiful 5 Oz Silver Uncirculated Coin Varieties
On Wednesday morning, the United States Mint provided a statement on the varieties. That statement follows in its entirety:

"From photographs we have received, and reports from coin grading services, it is apparent that several varieties of America the Beautiful Five Ounce Silver Uncirculated Coins exist with differing or missing vapor blast finishes. We are looking into the cause of the inconsistency in finishes, examining each step in the post-production process when vapor blasting is applied. We are committed to restoring the consistency for which United States Mint products are known worldwide.

While we have ordered new equipment to execute automated vapor blasting on the America the Beautiful Five Ounce Silver Uncirculated Coins, we are currently using the process originally used for our 3-inch medals. That equipment required retro-fitting and readjustment for the process, and has required additional maintenance due to the higher volume and substantially increased wear of this program.

The new equipment will allow us to move from the manual, batch process to more closely integrate the vapor blasting application into the overall production line for the coin."

Recent News on Graded Varieties and Errors
In recent days, coin grading service NGC has published two press releases on both a variety and an error that were discovered on two America the Beautiful 5 Oz Silver Uncirculated Coins.

The variety was recognized on a Grand Canyon National Park 5 Oz Silver Uncirculated Coin last week. (Read the NGC news release.) NGC gave the America the Beautiful coin a "Light Finish" variety designation, saying:

"Two distinct surface finishes of the 2010-P Grand Canyon Specimens have been observed: coins with the regular coarse matte finish and coins that have a slightly reflective satin finish. The latter type, designated “Light Finish” by NGC, is distinct from both the bullion version and the standard collector version. This hybrid type is easily identified — it has the same “P” mintmark as the other Specimen issues, but its surfaces are not granular and are more lustrous. The Light Finish coins are also dissimilar from the fully brilliant surfaces of the bullion issue."

The third-party grading service later announced the discovery of an error on a Yellowstone National Park 5 Oz Silver Uncirculated Coin. (Read this NGC news release.) The America the Beautiful coin has the proper matte finish on the obverse but an incorrect brilliant finish on the reverse. NGC described it as follows:

"The vapor-blasting process is applied after the coins are struck by “blasting” a compressed mixture of water vapor and ceramic media. On this error, only the Washington side was vapor-blasted but the Yellowstone side was untouched. The Washington side therefore resembles a Specimen while the Yellowstone side appears similar to a bullion issue. NGC has graded this error Specimen 69 and the description “With Unfinished Reverse” is given on the label."

More information on the two uncirculated coins noted above and others in the series may be found on this site’s information page about National Park Silver Coins.

 

Sometime in 2011(AFTER the Olympic 5 Oz. were minted, as 15 Light Satin Olympics have been found to date), the Mint bought a NEW Automated Vapor-Blast Machine just for the 5 Oz series, and, the end of mistakes, and Light Satins.

 

Exactly, they appear to me to be error coins, not new varieties. So, if there are those who wish to spend money on defective coins, that is their right and I will defend their ability to spend their hobby dollars as they wish.

I do thank you OP for bringing this coin to our attention. It has been interesting.