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TheForce
Pillar Of The Community
USA
2380 Posts |
 Posted 03/13/2010 08:29 am
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I was curious as to why business strikes have a premium over the proof-like coins? I am considering starting a business strike collection alongside my proof-like collection for a few select series of coins. Which style do you prefer?
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coretj
Valued Member
United States
436 Posts |
Posted 03/13/2010 11:38 am
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business strikes are meant to be circulated. Proofs aren't meant to be circulated. A proof coin will always be in a mint state unless it is removed from it's holder. A business strike is designed to be dinged, scratched, dropped, run-over, used as a spark plug spacer, tire tread depth gauge, table leveler, in short circulated. It is harder to find a Mint State business strike than it is to find a mint state proof coin. Hence the value differential.
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Edited by coretj - 03/13/2010 11:39 am |
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1cent
Valued Member
Canada
356 Posts |
Posted 03/13/2010 2:15 pm
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Most serious collectors prefer business strikes. They are worth substantially more in higher grades as very few of them make it out of the mint without significant marks on them due to minting, counting and rolling procedures. Oddly, the coins created to be "collected" are the ones many collectors avoid like the plague, myself included.
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TheForce
Pillar Of The Community
USA
2380 Posts |
Posted 03/13/2010 2:55 pm
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coretj, I am talking about Canadian proof-like coins (from uncirculated sets), not actual proofs just to clear things up.
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pennylover1010
Valued Member
Canada
160 Posts |
Posted 03/13/2010 3:07 pm
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I prefer business strikes as well. Mostly for the above reasons.
But some proof-likes are just spectacular looking, like your icon Force, most high grade laureated portrait proof-likes are easily my favorite coins.
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needgames4lyfe
Valued Member
United States
323 Posts |
Posted 03/14/2010 7:56 pm
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why do many collectors avoid proof coins 1cent? I like the way they look better, but are they worth less in the long run? For example, the American Silver eagle costs almost double as a proof
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coretj
Valued Member
United States
436 Posts |
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1cent
Valued Member
Canada
356 Posts |
Posted 03/15/2010 11:44 pm
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needgames - proofs and proof-likes are separate issues, slightly different than US proofs. In Canada, true proof sets have only been produced since 1981, and all have DCAM/ultra cameo devices on mirror fields. The coins are beautiful, no question, but they were mass produced, are nearly all in flawless shape, can be bought anywhere at any time, and basically are all worth less than the original issue price.
I keep a folded-open proof set on my desk to use as a paperweight and decoration.
More bluntly, they are visually stunning, a losing investment, and absolutely zero challenge to collect.
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MrCanada
Valued Member
Canada
343 Posts |
Posted 03/31/2010 06:21 am
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Here's an analogy for you, my wife collected Beatles memorabilia, pencil sets , games, comics, pins etc. Back some years ago the reproductions showed up. No interest ,it's just not as interesting if it's not as intended or genuine. Another analogy would be the beannie baby craze ,when the interest hit the manufacturer cashed in and cranked out tons and the interest died ,they lost there intrinsic value.
Collector coins will unlikely ever have a value that will appreciate unless the demand outstrips the production [never]. That said, collect what you enjoy,but the hunt is is often more more gratifying then the kill.
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stringerbell
New Member
Canada
3 Posts |
Posted 04/04/2010 11:48 pm
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But, what's the difference between proof-like and circulation strikes - other than bag-marks?... Couldn't someone just take a PL coin and bang it up a bit and pass it off as a circulation strike? I have a hard enough time telling them apart as it is...
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Halfwitty
Pillar Of The Community
United States
1523 Posts |
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stringerbell
New Member
Canada
3 Posts |
Posted 04/05/2010 12:16 am
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Yes, but if you get what I'm saying...
1. If the only difference between a proof-like coin and a business strike coin is that the proof-like coin hasn't been damaged yet.
2. If the proof-like coin is actually worth more, despite being undamaged.
then,
3. Couldn't you make more-valuable coins by taking the undamaged coins and damaging them (if that was the only difference)?...
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Halfwitty
Pillar Of The Community
United States
1523 Posts |
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coinsrfun
Pillar Of The Community
Canada
649 Posts |
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TheForce
Pillar Of The Community
USA
2380 Posts |
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Ugly
Pillar Of The Community
Canada
540 Posts |
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