i just got my grade back and they gave it a grade of 2020-W $50 Burnished Gold Eagle sp70 is this right? it's Uncirculated... now I did read on coin news https://www.coinnews.net/2020/11/19/2020-w-50-uncirculated-american-gold-eagle-release/.. that they used the Burnished blanks and special coin dies. is this going to be better for collector value as this is for my 22yr old son that I want him to keep it
https://catalog.usmint.gov/american...rculated-coin-20EH.html?cgid=product-schedule this is what ibout and they are giving it a sp not ms as it should be or is this grade better?
The burnished coins are usually not intended for circulation. That is why they receive the SP designation.
But it's supposed to be uncirculated THATS WHAT THE MINT SAYS and what the package it came in says. this sounds like it's an up grade to the coin
MS (Mint State) , SP (Specimen), AND PR (Proof) are all classifications, A bullion gold eagle would be called "MS". normal manufacturing. A "uncirculated" gold eagle would be "SP". special care taken. A proof Gold eagle would be "PR". extra care taken to make an outstanding example, totally different process of either MS or SP. generally speaking, the Bullion or "MS" coins won't be treated specially, to get a MS70 is much more difficult. An"uncirculated" coin sold direct from the mint, isn't the "normal" strike so it gets the SP designation. it's a "Specimen strike" it's not quite a proof, but better than the business strike method of normal manufacture, these should most all be SP69 or SP70. Then there is proof, literally all of these should be PR69 or PR70 now a days. Some people may not be able to tell the difference between the bullion coin and the uncirculated sold to collectors coin from the mint ( one has a mintmark, the other don't so it shouldn't be that hard), but since some people don't understand things, the graders using the SP designation and it stops some of the confusion. I have no idea what the "collector" market is for gold eagles or which ones get the better valuations, the bullion, the Burnished or the proof. all I know is that the gold W proof V75 coin was the big winner this year of all the issues. I think there is some hype to the 2020W burnished because of the 7000 mintage, and there being a premium for 70 graded coins.