Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
2011 Mint Set has a special finish???
>
Reply to Thread
Message:
<p>[QUOTE="brg5658, post: 1320218, member: 29751"]Doug, I can only attest to the standards for the Sacagawea dollars, as that is the only set I seriously collect in that timeframe. In 2000 when the Sac Dollars were first released, there was a rash of early graded MS69 dollars graded by NGC. Indeed, there were 75 graded within the first couple years of release, and that population has only moved by one coin since that time. Among serious collectors of the series, it is well known that these NGC graded 2000 coins were overgraded by post-2000 standards. This is usually chalked up to the fact that 2000 was the first year of the series and, thus, standards were "in flux" for the first few months. I mean, how do you know nit-pick the difference between an MS68 and MS69 coin for a coin that you haven't seen before?</p><p><br /></p><p>Now onto the 2005 Satin Finish issue. It may very well be that some (or even most) of the mint sets were of low quality. But those which were cherry picked for superb coins were exceptional. I have to simply disagree with you that the "standards" changed. I have looked at hundreds of Satin Finish SAC dollars, and 80-90% of the MS69 Satin Finish coins from PCGS and NGC are correctly graded. I say "correctly graded" <i><u>in my opinion</u></i>, having been more familiar with this series than any other, and having seen thousands of graded examples over the years.</p><p><br /></p><p>Another thing that may "skew" the perception a bit of what happened in 2005 is the sheer number of graded coins for the Satin Finish series. The Satin Finish was new, and thus in 2005, for the SAC dollars, there were more Satin Finish coins graded in that year alone than have been graded in all subsequent years (2006-2010). There were a total of 7,678 SF 2005 SAC $1 graded by NGC -- and there were only 4,171 graded SACs for the regular strike issues for years 2001-2004 combined prior to the 2005 release. The vast number graded means that even if a handful of those grade MS69, then the market will be inundated with them. That is the case today, and you can pick up an MS69 graded 2005-P Satin Finish SAC dollar for around $20.</p><p><br /></p><p>So, in summary, it may be that the "general quality" of the 2005 and later Satin Finish mint sets were disappointing, but the coins that were good were <i><u><b>exceptionally</b></u></i> good. And, those which were exceptional were the ones sent in for grading. Thus, in my opinion it is not a "change in grading standards" but a "perception of change in grading standards". My argument is further supported in that the non-Satin Finish coins for the SAC series from the time-frame 2005-2010 continue to be exceedingly sparse in grades higher than MS67. For the SAC series, these non-Satin coins were available by direct ship from the US Mint, and were struck and subsequently handled quite differently from the SF Mint Set coins. And, the grades reflect this.[/QUOTE]</p><p><br /></p>
[QUOTE="brg5658, post: 1320218, member: 29751"]Doug, I can only attest to the standards for the Sacagawea dollars, as that is the only set I seriously collect in that timeframe. In 2000 when the Sac Dollars were first released, there was a rash of early graded MS69 dollars graded by NGC. Indeed, there were 75 graded within the first couple years of release, and that population has only moved by one coin since that time. Among serious collectors of the series, it is well known that these NGC graded 2000 coins were overgraded by post-2000 standards. This is usually chalked up to the fact that 2000 was the first year of the series and, thus, standards were "in flux" for the first few months. I mean, how do you know nit-pick the difference between an MS68 and MS69 coin for a coin that you haven't seen before? Now onto the 2005 Satin Finish issue. It may very well be that some (or even most) of the mint sets were of low quality. But those which were cherry picked for superb coins were exceptional. I have to simply disagree with you that the "standards" changed. I have looked at hundreds of Satin Finish SAC dollars, and 80-90% of the MS69 Satin Finish coins from PCGS and NGC are correctly graded. I say "correctly graded" [I][U]in my opinion[/U][/I], having been more familiar with this series than any other, and having seen thousands of graded examples over the years. Another thing that may "skew" the perception a bit of what happened in 2005 is the sheer number of graded coins for the Satin Finish series. The Satin Finish was new, and thus in 2005, for the SAC dollars, there were more Satin Finish coins graded in that year alone than have been graded in all subsequent years (2006-2010). There were a total of 7,678 SF 2005 SAC $1 graded by NGC -- and there were only 4,171 graded SACs for the regular strike issues for years 2001-2004 combined prior to the 2005 release. The vast number graded means that even if a handful of those grade MS69, then the market will be inundated with them. That is the case today, and you can pick up an MS69 graded 2005-P Satin Finish SAC dollar for around $20. So, in summary, it may be that the "general quality" of the 2005 and later Satin Finish mint sets were disappointing, but the coins that were good were [I][U][B]exceptionally[/B][/U][/I] good. And, those which were exceptional were the ones sent in for grading. Thus, in my opinion it is not a "change in grading standards" but a "perception of change in grading standards". My argument is further supported in that the non-Satin Finish coins for the SAC series from the time-frame 2005-2010 continue to be exceedingly sparse in grades higher than MS67. For the SAC series, these non-Satin coins were available by direct ship from the US Mint, and were struck and subsequently handled quite differently from the SF Mint Set coins. And, the grades reflect this.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
2011 Mint Set has a special finish???
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...