Wednesday, July 6, 2011

US Coin wisdom - 1981 Type 1 and 2


In 1981 two varieties of “S” mintmarks can be found for all proof coin denominations. The minor details will vary from coin to coin so any coin you look at may not look exactly like the picture shown here, however the following characteristics are what you would use to determine which variety it is. Note:  Some type 1 coins have very clear mintmarks while some type 2 coins do not, so how clear or well struck the mintmark is does not indicate the type. 


The first one is commonly called type 1, and is the same mintmark that was used in the later part of 1979 and all of 1980. This mintmark has smaller and more rounded serifs (the bulbous or ball like formations at the beginning and end of the “S”)[1] . If you look at the mintmark you will notice it has a dome shape like a bead of water [2]. The center loops of the “S” are also more of an oval shape [3].
Type 2 proof coins were minted starting later in the year. The mintmark has larger serifs [4], and these serif bulbs tend to look flattened. You will also notice that the mintmark has more of a plateau or more flat surface than the type 1 [5]. The center loops have more of a circular shape [6].

        1981 S Type 1 Nickel

1.Smaller serif
2.Dome surface
3.Oval center loops 

    1981 S Type 2 Nickel

4.Larger serif
5.Flat surface
6.Circular center loops 







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1981 S Type 1 Proof Jefferson Nickel Roll 40
1923 (P) XF Silver Peace Silver Dollar
1981 S Type 1 Gem Proof Deep Cameo Jefferson Nickel
1995 S Gem Proof Deep Cameo Silver Kennedy Half Dollar
1955 (P) BU Franklin Silver Half Dollar


Friday, July 1, 2011

Coin Terms Glossary

Coin Terms Glossary

We are going to take this up and post it a bit at a time and then archive it for reference.

This is a glossary of coin terms that you might find on this site or elsewhere.

Do you have any suggestions or comments? Words you'd like to see added to the glossary? By all means, please let us know!


Blank
A flat disk of metal intended to become a coin but which has not yet been impressed with the coin's design. Also called a "planchet".
Brilliant Uncirculated
Refers to a coin which has not been circulated and which still retains the majority of its original mint luster.

Sometimes "Uncirculated" and "Brilliant Uncirculated" are used interchangeably. However "Brilliant" would not be applied to a coin which has significant defects impairing its eye appeal or which is lacking in luster.
Blue Ike
In 1971, 1972, 1973 and 1974 the US Mint issued 40% silver Eisenhower Dollars for collectors in colored packaging. The Proof version was issued in a brown box and the Brilliant Uncirculated version was issued in a blue envelope. Thus coin collectors and dealers have adopted the terms "Brown Ikes" and "Blue Ikes" to refer respectively to the proof and BU silver Eisenhower Dollars of these years
Brown Ike
See Blue Ike.
BU
(abbr) see Brilliant Uncirculated.
Business Strike
Refers to a coin which was made to be circulated in everyday financial transactions.

Business strike is only one of the methods of manufacturing coins that a mint can use. See Proof for comparison photographs.
Cameo
The frostiness of the raised portions (such as the device or the lettering) of some proof coins.

Visually, this frostiness makes the raised portions of the coin look whitish and completely eradicates the mirror-like finish one would otherwise see on these parts of the proof coin. When only the raised portions of the coin have this cameo effect, it creates an appealing contrast against the mirror-like finish of the coin's field.

The physical texture of the cameo effect can be compared to that of glass which has been acid etched.

Example of a Deep Cameo coin Example of a cameo coin Example of a coin with no cameo
Deep Cameo Cameo No Cameo

Prior to the 1970s the US mint was not entirely consistent in creating coins with complete, attractive cameo. Coin making equipment would be polished and prepared and the first many coins produced for that year or for that batch may have had a nice, deep cameo. As the equipment would begin to wear the cameo effect would diminish to the point where we would only classify the coins as "cameo". When the cameo has diminished to the point where it was significantly incomplete, no cameo designation is warranted at all.

In the 1980s the US mint perfected their methods and for modern years almost all proof coins you find will have a very complete, deep cameo finish on the device and lettering. Generally the earlier you go, the less likely proof coins are to have complete or attractive cameo on them.

Since cameo is desired by many proof coin collectors, earlier coins with attractive cameo tend to cost more.