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<p>[QUOTE=&quot;ddddd, post: 4841009, member: 22377&quot;]At first both PCGS and NGC used the &quot;MS&quot; designation on coins like this and just noted satin finish on the label. Later they decided to separate these out and call them &quot;SP&quot; like on the second picture. So there is no difference in the coins-it is just a matter of the grading companies changing the way they label the coins.</p><p><br /></p><p><br /></p><p>Here is a brief description from NGC:</p><p>&quot;SP is a catchall that is applied to a variety of finishes that are distinct from the appearance of circulation issues but do not fit any of the Proof categories. Specimen can describe early US coins with bold strikes, very brilliant fields and semi-frosted devices as well as modern US coins that were produced with matte or other unusual finishes.&quot;</p><p><a href="https://www.ngccoin.com/news/article/7708/learn-grading-sp-and-pl-prefixes/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.ngccoin.com/news/article/7708/learn-grading-sp-and-pl-prefixes/" rel="nofollow">https://www.ngccoin.com/news/article/7708/learn-grading-sp-and-pl-prefixes/</a></p><p><br /></p><p>And another article talking about Silver Eagles going from &quot;MS&quot; to &quot;SP&quot;</p><p><a href="https://coinweek.com/education/coin-grading/from-ms-to-sp-what-you-need-to-know-about-w-mint-silver-eagles/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://coinweek.com/education/coin-grading/from-ms-to-sp-what-you-need-to-know-about-w-mint-silver-eagles/" rel="nofollow">https://coinweek.com/education/coin-grading/from-ms-to-sp-what-you-need-to-know-about-w-mint-silver-eagles/</a>[/QUOTE]</p><p><br /></p>

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