Ooin World article:San Francisco mint to make 2012 ATB's intended for circulation!

NIFC= Not Intended For Circulation. IFC= Intended For Circulation.

I just received my June issue of CW(coin world). For me a little knowledge is dangerous. In CW an article headline reads: San Francisco Mint
strikes circulation-quality quarters. Namely ATB's, America the beautiful. To me this article doesn't give enough information and IMHO is ambiguous and misleading and confusing:

1. P&D mints will also strike 2012 ATB's but with presses set for 700-750/min., more than once if needed.
2. S mint ATB's will be struck at 70 coins/min., ONLY ONCE.
3. Still P, D, & S mints will be primarily IFC's.
4. IMHO S mint ATB's should be of higher grade(ms65-msproof) and much more noticeable to the collector. Still they're classed as IFC coins.
5. Oh yes, some P&D mint ATB's will be sold as " collector products". HUH?? IMHO this means higher value numistmatically speaking, YES, NO??
How many P & D mints?
6. What about the S mint ATB's? I only assume that some will be selected for " collector products".
7. 1.7 million 2012 ATB's of each park will be struck. I hope all mints strike the same amount. No further specific figures are given.

S mint ATB's will still be primarily IFC coins, I hope, I hope. This means our banks will get them and sell them at Face Value. Yes, No??

 

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Coin World article: San Francisco mint to strike 2012 ATB's Intended For Circulation.

NIFC= Not Intended For Circulation. IFC= Intended For Circulation.

I just received my June issue of CW(coin world). For me a little knowledge is dangerous. In CW an article headline reads: San Francisco Mint
strikes circulation-quality quarters. Namely ATB's, America the beautiful. To me this article doesn't give enough information and IMHO is ambiguous and misleading and confusing:

1. P&D mints will also strike 2012 ATB's but with presses set for 700-750/min., more than once if needed.
2. S mint ATB's will be struck at 70 coins/min., ONLY ONCE.
3. Still P, D, & S mints will be primarily IFC's.
4. IMHO S mint ATB's should be of higher grade(ms65-msproof) and much more noticeable to the collector. Still they're classed as IFC coins.
5. Oh yes, some P&D mint ATB's will be sold as " collector products". HUH?? IMHO this means higher value numistmatically speaking, YES, NO??
How many P & D mints?
6. What about the S mint ATB's? I only assume that some will be selected for " collector products".
7. 1.7 million 2012 ATB's of each park will be struck. I hope all mints strike the same amount. No further specific figures are given.

S mint ATB's will still be primarily IFC coins, I hope, I hope. This means our banks will get them and sell them at Face Value. Yes, No??

Read more: http://www.cointalk.com/newreply.php?do=postreply&t=206980#ixzz1vzLr0NQ9​

 

Check this out Zeke.......

http://www.usmint.gov/pressroom/?action=press_release&id=1363

 

Thanks Geenie but that really stinks on ice. It also makes Coin World Magazine look even more inconsistent and misleading.

I was led to believe through this article that this would allow the public to buy these IFC ATB's at face value. What a joke!
I'm very disappointed. Now who wants to pay the extra premiums? I can only assume that someday S mint IFC's will be available.

 

I hear ya Zeke. It's just another way for the Mint to cash in on collector mania. The very thing they said they were trying to do a few years ago (limit product offerings) they've just gone back on. Next thing (ya know) it'll be colorized San Fran coins...... I mean, for cryin' out loud, at least legitimize the offering by issuing some for circulation. This things as useless as teats on a bull........

 

Well said Greenie. Usually I'm very outspoken to the point of earning a ' Profile infraction. So I'll cease this thread right now!
Thanks for your posts and comments.
zeke