Mint set question

As soon as more people "realize" they're a different type and they get listed in the Red Book (separate from the mints sets), as the 2009's are, and maybe even get a hole in a folder/album, they'll take off. Hey, I’m just looking out for you guys, hate to see you get left out. lol

 

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"Usually" is the key word here, not always. Many issues took time to catch on and those that didn't pick them up when they were cheap, well ..........

 

Now, the coins I'm leery of are the high grade circulation/mint set coins since the early 1990's. If the mint set coins are high grade and the TPG'ers don't recognize they are different than circulation coins (as they did for the Satins), you have a whole bunch of high grade, high mintage circulation coins out there, most of which are sitting in mint sets ungraded, so they're not included in the population reports (yet).

 

That's a tough order Mike since the folks that submit these for grading do look them over to insure that they don't get any MS65/66's which could not even be given away.
However, the PCGS Population Reports do show some low number MS64/MS65/MS66 Satin Finish Coins.

BUT, that's only for those that "have been submitted". One thing in the submission game which folks try to avoid is submitting coins which cannot be sold for what it costs to grade them.

I'm of the opinion that there are many, many MS63/MS64/MS65/MS66 Satin Finiosh coins out there. Especially for the 2006/2007/2008/2009/2010 Sets in that, once the US Mint got used to producing these sets, the quality took a nose dive off a cliff.

BUT, folks can certainly speculate on whatever they want. However, when it comes to modern era coinage, with production numbers over 100,000, that literally everybody has, then, I'm of the opinion that its a fruitless chase unless you happen to have one of those late night TV Coin Programs. But even those folks have stopped selling these things.

 

So, they're not all 68's/69's as has been suggested? Very true, at this point lower grade satins don’t sell in slabs - low grade raw satin cents, for example, sell on eBay individually or for $50 to $150/roll.

Your 100,000 mintage number may apply to ASE's but not to a version of a circulating coin that is more highly collected. Try comparing these Satin mintages to the 1931-s cent, most have lower mintages than the 1931-s cent. Yes, the 1931-s cent was dumped into circulation, but most were saved. For a version of a circulating coin, under a million minted is worth speculation.

I seriously doubt the big/TV sellers have the qualities of satins necessary to make it worth promoting them. The big internet seller that I bought rolls from a couple years ago has also sold out of the best dates and never did have rolls of 2009 or 2010. Granted, satins are not "hot" at the moment, so they may not want to promote them, which makes them all the more desirable to pick them up now.

 

They'll have their day - not all coins are good for short term flipping. I only speculate on coins that aren't selling at "hyped" prices. And, if a low mintage unique type is disliked for a crazy reason, like it doesn’t fit into my set of business strikes, all the better. But, there are no guarantees, just potential. Heck, I like the S-Mint AtB's at twice the mintage of the Satins.

 

there were a lot of people 30 years ago that were convinced that Copper-Nickel 3 Cent Pieces were a "can't miss investment-grade" set as well.

The mintages make the satin finish coins look common, they are unique and collectible, yet, they get no love either. Low mintage doesn't necessarily equal desirability.

 

True, like I said, no guarantees. But you really can't compare highly collected modern coins to 3 cent pieces with a much lower type coin collector base - I know no one who collects 3 cent coin sets - it's like comparing apples & oranges. Now, give me an example of a highly collected modern circulating type coin with mintages similar to the satins that haven't preformed well. There aren't any.

The biggest problem with the satins is Whitman Publishing. All but the 2009 cents aren't listed separately in the Red Book and only a footnote for the mint sets acknowledges them, and no holes for them in folders/albums. Even the 2009 cents that are listed separately don't show the mintages as of 2014. All of this could change over night - if it doesn't, it will just take more time for new collectors to figure out they exist. And, Whitman will continue to become less relevant, as they have been doing.

 

highly collected modern coins??? I think you way over-estimate how many people collect these