What is a Burnished Coin?

As a coin collector or investor, you may have encountered the term “burnished coin” and wondered what it means. Burnished coins are a unique type of coin with a distinct look and feel compared to other types of coins. In this article, we will define burnished coins, explain how to identify them, compare them to different kinds of coins, and explore how they are made.

What does a burnished coin mean?

Burnished coins have undergone a special finishing process to achieve a unique appearance. “burnished” refers to the technique used to polish the coin’s surface. This finishing process gives the coin a smooth and shiny appearance, similar to a proof coin, but with a matte finish that gives it a distinctive satin look.

The burnishing process is achieved by placing the coin in a unique drum containing polishing media, such as steel beads. The drum rotates at high speeds, causing the press to gently abrade the coin’s surface, removing blemishes and imparting a uniform sheen. This process does not involve chemical treatment, and the coin’s original appearance is preserved.

The United States Mint introduced burnished coins in 2006 as a particular type of American Silver Eagle. Since then, other mints have also produced burnished coins, such as the Canadian Maple Leaf and the Chinese Panda.

How do I know if my silver eagle is burnished?

It would be best if you were looking for specific characteristics to determine whether your American Silver Eagle is burnished. Burnished coins have a satin-like finish that differs from the polished, mirror-like surface of a proof coin or the slightly worn appearance of a circulated coin. The burnished finish is smooth and even, without any wear or scratches.

The edge of a burnished coin is also different from that of a proof or uncirculated coin. Burnished coins have a reeded advantage with a lettered edge inscription that includes the coin’s weight and purity. The edge inscription on a burnished coin is more pronounced than on a proof coin and is usually easier to read.

Another way to identify a burnished coin is by looking for a “W” mint mark on the coin’s reverse. For example, the United States Mint marks all burnished American Silver Eagles with a “W” mintmark, indicating they were struck at the West Point Mint.

Is it better to buy circulated or uncirculated?

When buying coins, deciding between circulated or uncirculated coins depends on your personal preferences and investment goals. Circulated coins have been used in everyday commerce, resulting in some degree of wear and tear. On the other hand, uncirculated coins are coins that have never been used and are in new condition.

Circulated coins are generally less expensive than uncirculated coins, making them a more affordable option for collectors and investors. However, circulated coins may have less value than uncirculated coins, especially if they are in poor condition. Uncirculated coins are more desirable for collectors and investors because they are in pristine condition and may have more potential for appreciation in value.

Burnished coins fall into the uncirculated category, and their value is typically higher than circulated coins due to their rarity and unique appearance. However, burnished coins are minted in limited quantities, and only certain mints produce them, making them more challenging to acquire. Burnished coins may also have a higher premium over their spot price than others, depending on the market demand.

How are burnished coins made?

Making burnished coins involves several steps, from preparing planchets or blank coins to packaging the finished product.

1. Preparation of planchets: The first step in making burnished coins is the preparation of planchets. Planchets are blank coins from precious metals, such as silver or gold. The planchets used for burnished coins are specially prepared to ensure a consistent finish. The planchets are thoroughly cleaned to remove any impurities or blemishes that could affect the burnishing process.
2. Striking the coins: Once the planchets are prepared, they are fed into a coining press, where they are hit with the coin’s design. Burnished coins are struck with the same dies used for proof coins, specially polished to create a mirror-like finish. The difference is that burnished coins are struck on burnishing blanks, thicker than proof blanks.
3. Burnishing the coins: After they are struck, they are carefully inspected for any blemishes or imperfections. The coins are then placed in a rotating drum containing polishing media, such as steel beads. The drum rotates at high speeds, causing the media to gently abrade the coin’s surface, removing blemishes and imparting a uniform sheen. The burnishing process is repeated several times to achieve a consistent finish.
4. Inspection and packaging: Once the coins are burnished, they are carefully inspected to ensure they meet the mint’s high standards. Any coins that do not meet the criteria are removed from circulation. The remaining coins are packaged in protective capsules or another packaging to preserve their condition.

In conclusion, burnished coins are a unique type of coin with a distinct look and feel compared to other coins. Burnished coins are produced by a special finishing process that gives them a smooth and shiny appearance, similar to a proof coin, but with a matte finish that gives them a distinctive satin look.

Burnished coins are generally more valuable than circulated coins due to their rarity and unique appearance. However, they are also more expensive than other coins due to the process used to produce them. As a collector or investor, it’s essential to understand the characteristics of burnished coins to make informed decisions about your collection or investment portfolio.

If you are interested in learning more about gold and other precious metals, American Bullion is a great resource. They offer a wide range of products and services, including gold and silver coins and bars, as well as IRA services. They also have a team of knowledgeable professionals who can help you navigate the market and make informed decisions about your investments. Contact American Bullion today to learn more about how you can diversify your portfolio with precious metals.

 

The post What is a Burnished Coin? first appeared on American Bullion.

Original post here: What is a Burnished Coin?