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Proof Coins "In The Wild"

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jbuck's Avatar
United States
188326 Posts
 Posted 10/31/2018  2:26 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
The Wife brought this one home a couple of weeks ago.It's the first one in the last four years that I've been looking at Her change.
Nice find!
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Kawliga's Avatar
United States
212 Posts
 Posted 11/01/2018  1:33 pm  Show Profile   Bookmark this reply Add Kawliga to your friends list Get a Link to this Reply
So if the background is black it's a proof? I guess I've had lots then, seen that lots of times, though not such nice details on the Washington head. I notice a lot of you are referring to half dollars. -I can't recall the last time I ever got one in change. I asked my bank recently if they had any and the lady said no. None, really? So how can I get them?
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Finn235's Avatar
United States
6130 Posts
 Posted 11/01/2018  2:11 pm  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
Proof coins have mirrored fields; it's normal to shoot them at an angle to highlight the devices, rather than straight on so you can see the camera in the coin.

Some banks have a near constant stock of half dollars, especially in areas with more elderly people who have some at the bottom of their change jars from the 70s. I had to order all of my boxes; just about all major banks can order whatever they want from the Fed, but the number who will do it for free on request is dwindling. Some say they will do it for a fee; others just refuse.

Half dollar boxes are fun; not only are they good sources of silver at face value, but they were last minted for circulation in 2001, so statistically a higher percentage of the circulating population will be either proof or post-2001 NIFC. I think I did 5 boxes; found 1-2 proofs per box. I also met up with a CCF member in person to trade my unwanted star notes for his unwanted half dollar proofs. A great trade for us both!
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Kawliga's Avatar
United States
212 Posts
 Posted 11/01/2018  11:59 pm  Show Profile   Bookmark this reply Add Kawliga to your friends list Get a Link to this Reply
Ha, dare I even ask how much a BOX of half-dollars is? Is it possible to just order a couple rolls? I can't imagine having whatever amount of spare money available to order a whole box. I know, I could still spend the non-collectible ones, but something tells me my bank would not appreciate me ordering a box of an oddball currency, only to bring back most of them a day or two later, after I've sorted them.
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ratman4762's Avatar
United States
2520 Posts
 Posted 11/02/2018  12:05 am  Show Profile   Bookmark this reply Add ratman4762 to your friends list Get a Link to this Reply
$500 for a box of half dollars! (and you're right, most banks don't appreciate being used as a dump bank. Not only does a bank pay to have coin delivered, they also have to pay to ship out unwanted coin)
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coincollector123's Avatar
United States
850 Posts
 Posted 11/02/2018  1:18 pm  Show Profile   Bookmark this reply Add coincollector123 to your friends list Get a Link to this Reply
I work at a bank and I dont mind buying them but I tell them they cant use us to dump them back and that they need to buy the rest of them at some point.

We use brinks and I am sure it does cost to ship it in and out but we really dont see that on our side. Its more of like paying for a service. Same cost whenever I buy coin or not.
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USSID18's Avatar
5464 Posts
 Posted 11/02/2018  9:02 pm  Show Profile   Bookmark this reply Add USSID18 to your friends list Get a Link to this Reply

Quote:
How rare is it to find proof coins in circulation?


If you're roll/box searching, not rare at all.


Quote:
Have you ever found any?


Yes, all the time.


Quote:
Why/how do they get "released" from collections into circulation?


Clad proofs are pretty much worth face value. Unless you have a guaranteed high grade coin. People break them out and spend them.


Quote:
Does a proof coin eventually look just like a business strike after lots of use, or would it still be identifiable despite plenty of scratches/worn devices/corrosion/color toning?


Great question! I had to look several times at the mint mark on this one to determine it was actually a proof. It's only a clad but it's in my type set today along side the other commemorative's. I liked the look and it matches the other business strikes. Plus no real major damage, just even circulation wear.

Proof-Coins-

Proof-Coins-
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Kawliga's Avatar
United States
212 Posts
 Posted 11/02/2018  10:45 pm  Show Profile   Bookmark this reply Add Kawliga to your friends list Get a Link to this Reply
Thanks so much for the answers!
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nickelsearcher's Avatar
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15425 Posts
 Posted 11/02/2018  11:29 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
Great replies so far - all given in the spirit of education.

Concur that if you come across an impaired proof in circulation use 'you will know it when you see it.'

The reflective fields and overall bold look of the portraits/legends is unmistakable.

Take a look at my other hobby ... http://www.jk-dk.art
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GrapeCollects's Avatar
United States
8938 Posts
 Posted 11/03/2018  1:44 pm  Show Profile   Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
I got 5 proofs out of my last nickel box
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jbuck's Avatar
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 Posted 11/03/2018  10:30 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

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I got 5 proofs out of my last nickel box
Excellent!
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Kawliga's Avatar
United States
212 Posts
 Posted 11/05/2018  08:55 am  Show Profile   Bookmark this reply Add Kawliga to your friends list Get a Link to this Reply
I'm still not sure I'd know one if I saw it, particularly because I've been getting my hands on lots of coins of all denominations and studying them closely the past couple months (not long by hobbyist standards, but of the thousands of coins I have looked at, wouldn't I likely have come across at least ONE?).
So about this "reflective" surface. --I certainly have had some extremely shiny coins, I don't know if they'd reflect images but they certainly reflect light brilliantly, but usually they've been very 'young,' and presumably circulated gently (or just not much). Revisiting my initial post, the part about whether a worn proof would look like a business strike, let's get more specific: Say we're talking a 1988 Lincoln Cent proof, circulated heavily. No matter what it had been through in the past 30 years, would you still be able to tell it from one of these dazzling 20-teens Lincoln shields? (never mind their seemingly universal water spotting).
If there IS something about proofs that distinguish them even after decades of torture--WHAT IS IT ABOUT HOW THEY'RE MADE? Are they made of different metal than their contemporary business strikes? Are they laminated in something really shiny and tough? Do they weigh the same?
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USSID18's Avatar
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 Posted 11/05/2018  10:00 am  Show Profile   Bookmark this reply Add USSID18 to your friends list Get a Link to this Reply
No matter how much the members here try to articulate and explain to you "in detail" what you need to do and look for, words might not always work. You need to have hands/eyeball on the coins. Like anything of skill, it just takes practice looking at different examples and mint marks. I would suggest you find a local coin shop near you, go in, explore, look at proof coins and ask questions. The guy might have examples there to show you.

Coming here for suggestions, opinions and answers and searching on-line is a good first step. You might need to take it to the next level.
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Kawliga's Avatar
United States
212 Posts
 Posted 11/05/2018  10:41 am  Show Profile   Bookmark this reply Add Kawliga to your friends list Get a Link to this Reply
Yeah I do suspect you're right about that. And I'll probably be going to my local shop sometime this week, so I'll be sure to look in the "glitter" displays, which I usually ignore. But what about what I asked about how proofs are made? EDIT: OOOO! I have the right question to ask now. Okay, so if proofs don't have anything that provides irrefutable evidence (like a mint mark or differing weight or whatever), how could you tell from a photo if a coin is really a proof or just a really shiny coin and the person is either lying or mistaken about it?
Edited by Kawliga
11/05/2018 10:45 am
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USSID18's Avatar
5464 Posts
 Posted 11/05/2018  11:29 am  Show Profile   Bookmark this reply Add USSID18 to your friends list Get a Link to this Reply

Quote:
Okay, so if proofs don't have anything that provides irrefutable evidence (like a mint mark or differing weight or whatever), how could you tell from a photo if a coin is really a proof or just a really shiny coin and the person is either lying or mistaken about it?


I'm not an expert. I can't articulate to sufficiently answer your question. Others here might chime in.
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