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First Time I Found A Proof Coin

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 Posted 02/19/2011  5:32 pm  Show Profile   Bookmark this reply Add Ricardocody to your friends list
always make me happy find a proof in change or roll
New Member
United States
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 Posted 02/19/2011  9:08 pm  Show Profile   Bookmark this reply Add byro007 to your friends list
Some people much needed some money so they just broke open there proof sets. What a shame.
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 Posted 02/19/2011  10:30 pm  Show Profile   Bookmark this reply Add Fuzzy317 to your friends list
I agree its a shame people have to break their proof sets, but at the same time its exciting for the possibilities.
Last year I found a 1977-s Washington quarter proof. Its currently in my homemade 7070 set.
Edited by Fuzzy317
02/19/2011 10:31 pm
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 Posted 02/19/2011  10:36 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list
They are always amazing and surprising finds, but the fact that a "Proof" coin has gotten into circulation, is really kind of sad though, it then is "impaired"...therefore greatly devalued if not even only face value.....

I can never let them go when I find them of course....but it's a mix of excitement and sadness all in one emotion.
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United States
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 Posted 02/20/2011  02:09 am  Show Profile   Bookmark this reply Add BadThad to your friends list
Great find! I've found a couple Lincoln proofs. It's always surprizing when you do find one.
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United States
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 Posted 02/20/2011  04:23 am  Show Profile   Bookmark this reply Add aguynamedjoebob to your friends list
How can you tell a proof from a business strike?
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 Posted 02/20/2011  09:04 am  Show Profile   Bookmark this reply Add upstate to your friends list
I noticed the mirrored fields right off the bat.
You can also see that the monticello is frosted
as is the bust of Mr. Jeferson.
The dead give away is the date or more precisely the mintmark.
No business strike "s" in 1981
Pillar of the Community
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 Posted 02/20/2011  09:06 am  Show Profile   Bookmark this reply Add upstate to your friends list
That is Mr. Jefferson!
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 Posted 02/20/2011  11:13 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list

Quote:
I agree its a shame people have to break their proof sets


Very rarely happens. Most likely scenarios:

Coins inherited or given to someone who hasn't been instructed about their premium value.

Collection stolen, and pop machines don't ask for ID.

Rarely, collector only collects the silver issues, and it's cheaper to buy a set than the singles. Cent and nickel get spent.

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 Posted 02/21/2011  4:15 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Very rarely happens. Most likely scenarios:

Coins inherited or given to someone who hasn't been instructed about their premium value.

Collection stolen, and pop machines don't ask for ID.

Rarely, collector only collects the silver issues, and it's cheaper to buy a set than the singles. Cent and nickel get spent.


A desperate collector would sell or pawn them. Even the lowest of offers would be better than spending them at face.
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Guatemala
357 Posts
 Posted 02/21/2011  5:15 pm  Show Profile   Bookmark this reply Add JMerrick to your friends list
And, of course, there are dealers busting open sets for the silver content.
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 Posted 02/21/2011  5:58 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
It is doubtful that a dealer would spend the non-silver proof coins. Not impossible (never say never), but doubtful.
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 Posted 02/21/2011  11:29 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list

Quote:
And, of course, there are dealers busting open sets for the silver content.


Dealers would still try to get 5-10 bucks a roll for the 1-5.
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United States
737 Posts
 Posted 02/22/2011  01:54 am  Show Profile   Bookmark this reply Add Rsxtacee to your friends list
Finally picked one up today in some change! 1970s. Looks like everyone is getting lucky.
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 Posted 02/23/2011  7:38 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list
70s halves finally worth more as scrap than dates.
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