No More Satin Finish?

A little brittle with the talk there old boy. I suspect you are trying to be amusing but the post does not come across that way. Mr. Coin Lover was giving an opinion not an assessment.

 

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I have done well with the Barber coinage that I own, these are from the same era and have not seen the same pop up. Maybe he has a point

 

exactly!

And the V-nickel has moved, just not as high a %'age as the other Barbers.

 

I own two of these V-Nickels and will be getting a third. Possibly a fourth consisting of a Racketeer Nickel if I can find one and if I do I'm not sure what one of those costs. It appears that an 1883 that has been recently plated is not very expensive, but I don't think I want one of those.

A few things I like about these are the design on both the obverse and reverse, the obverse reminds me very much of a Morgan Dollar obverse. I enjoy the history surrounding these, and since I have looking at these they appear a very well struck coin.

 

I watched a coin show from HSN that was aired in the early morning hours this morning I had recorded. Muzak made the statement the mint is not going to make any satin finish coins period starting in 2010.

I also saw they are already selling the 2010 ASE and rolls of America The Beautiful Quarters. I guess these are pre-release sales for when thy come out. The price he was selling those quarters for.......Forty nine dollars and ninety cents with shipping and handling for a roll of the Ps and a roll of the Ds.

 

It's funny but I could have sworn that I saw (on I think HSN) an ANACS slabbed 2010 ASE, and I am now going to go back and check the recording, cuz I was sleepy when I watched it, but I am pretty sure. That has never been possible before, so I don't know what gives.

 

It is NOT a 2010 ASE. It is a 2009 ASE in a ANACS slab that says 2010. Is kind of like a sample slab that they are using for the pre-sales. They did the same thing with the 2009 Gold Buffalo before it was released (showed a 2008 in a 2009 slab).

 

I saw the same thing. They mentioned it several times, and there was no mistake, they specifically said that 2009 was the end of the run of Satin Finish forever for all coins.

 

yeah, I looked more closely and saw it was a 2009 coin. The slab said 2010, but it's tv... you can make it say almost anything

 

I don't think you can compare the current satins to the 65, 66, & 67 sms's. They're a completely different variety and the mintages of the 65, 66 & 67 sms's are around 2 to 3 times the current satins. Demand will tell what these satins will be worth in the future and I'm sure demand will change over time. I like the satins, low mintage and kinda like matte proofs.

 

If you look a little closer at the Satin Finish coins they are really not struck as w

If you look a little closer at the Satin Finish coins they are really not struck as well, not nearly as well as coins struck for circulation and no, you are not on my radar today at all.
Just take a look at the SMS modern coins then get a nice BU circulated coin, the strike are never as good or sharp - that has been one of my problems with them from the start. The strikes on the satin finish coins alway seems to be washed out and rounded - the fields are nice sometimes but the striking pressure is not what it could have been - I have not found an answer to this yet???
My suspicion is they over frosted (the dies) and to protect it lowered the tonage, but that is just a guess???

 

WOW, can't disagree more. I've looked at a lot of satins and not only are the fields clean, the devices appear to have more detail than the proofs. Most of the satins I've looked at even have a wire rim, like proofs. Now, I have noticed, on my 2009 proofs that wash out you mentioned on the devices and that's exactly what I thought, they tried to over frost them. I’d say the finish on the satins is a very fine satin that takes nothing from the detail and the added strike pressure, creates more detail. Copy my photo of the first strike Oegon quarter, enlarge it, and then tell me it has less detail. You know, maybe what we’re both noticing, you with satins, me with proofs is a result of worn dies, rather than the initial die prep. As for comparing the satins to business strikes - no comparison in my opinion - the business strikes definitely have less detail and were struck with less pressure, as The Mint states. Of course, you may have noticed, I'm the guy that's partial to satins over traditional proofs - don't like the high contrast, prefer the well struck uniform finish of the satins, easier to see the detail with the naked eye. I'm the guy who bought only the "unc" version of the modern commems and let others buy the higher mintage traditional mirrored proofs.

 

Muzak is a nut!If you believe him and the other jerk allen,they will take you for a ride.Their intent is to mislead you so they can make a lot of money off of people they can con.The two of them are con artist!!!!

 

No doubt they often "stretch the truth" (The Coin Vault is even worse than Muzak), but to state an out right lie on national television in order to profit is a crime - hard to believe they're stupid enough to do that. But, then again, maybe they are, criminals, in general, aren't all that smart.

 

Yes, I agree. I suspect that there is probably some federal statute that could be applied here as they do business across state lines. Or even a state AG who may find this interesting.

The trouble is that it is coins. No one but a few die-hard collectors probably even care about this. A least 99.999% of the population doesn't even know that there is a satin, proof and business strike for most US Coinage. If it were stock or mutual funds, these guys would be sharing a cell together!

 

Very true, that's why it's up to collectors to complain about it to The Mint and other agencies. Our complaints should also point out that it's not just a few collectors who are defrauded, it's probably a whole lot of novices who are buying from them, thus a more significant number are "taken".

On the other hand, if they are telling the truth and somehow got access to inside information, before a public announcement, we all need to complain like heck to The Mint and our congress person. Having worked for the federal government, I know our congressional representatives take these things seriously and it's these kind of leaks that often cause heads to roll.

 

You may be correct, but I'm not sure the past record of mint set prices will validate it much demand or increase in worth. As far as the comparison using the SMS of the 60s it was the best example I could come up with off the top of my head. But, to be honest I still can't think of a better example to use.

I did notice on a HSN show I recorded they are going full blast with the last of satin finish coins. They were selling sets of all the satin finish quarters through '09 in their very own by year aycrlic holder. I don't remember the price other than extremely high in price.

 

false advertising

If they were touting stocks, it could be insider trading, which is actionable.
I may be wrong, but the only governing bodies would be the FCC (which wouldn't touch advertising) or the FTC (Fair Trade Commission) for false advertising. Unless there are multiple complaints to the FTC and significant financial shenanigans, nothing will happen.

However, there always is the opportunity to confront Mesak at the F.U.N. show (which he claims to attend) :loud:.

 

Yeah, I hear what you're saying, I first thought of the 60's sms's and was happy to see mintages 2 to 3 times the new satins.

Yeah, HSN is definately over priced for today's market. I'm buy all the raw unsearched (I hope) satins I can on eBay for a dollar or less each. Figure they ain't going down from there and they'll be worth at least????????

 

Nah, no confrontations, they just squiggle and squirm and lie more. Write your congress person about someone profiting from possible leaks from a government agency. They do listen and write letters of their own and sometimes heads roll.