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Want To Know About Proof Strikes

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dpartsch's Avatar
United States
9 Posts
 Posted 10/24/2011  1:56 pm Show Profile   Bookmark this topic Add dpartsch to your friends list Get a Link to this Message Number of Subscribers
I'm really new to coin collecting and just started collecting Morgan dollars (did send for the Red Book). I do know what the number means in the circulation strikes (on the Morgan dollar chart); I just wanted to know what the "Proof Strikes" means. There's either a "0" or a number in the column. On the 1921 S it says "Rumors". Would be very happy for any information. Thanks!
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Jaobler's Avatar
United States
6385 Posts
 Posted 10/24/2011  3:03 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply

Proofs are special coins made for collectors and sold at a premium by the mint. They are made from dies and blanks specifically prepared for proofs and are struck under special conditions, usually with 2 or more separate strikes of the dies in order to bring up all the design details. The "proof strike" term helps indicate that proofs are distinct from ordinary "business strike" coins made for circulation.

Historically most proofs were made at the Philadelphia mint only. Those few proofs struck at other mints like San Francisco or New Orleans were called "branch mint proofs" and are very rare.

The Red Book shows the mintage values for each date and mint; for example, the 1921 Morgan dollar entries show separate numbers for the total output from the Philadelphia (no mintmark), Denver (D), and San Francisco mints for that year. The "rumors" entry means there are reports for some proof strikes at San Francisco but documentation is incomplete or unreliable.

For years in which proofs were issued the proof totals are usually shown in parentheses. There are many examples of coins that were only issued as proofs, like the 1873 two-cent and three-cent silver pieces or the 1877 Shield nickel.

Hope that helps!
Edited by Jaobler
10/24/2011 3:04 pm
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dpartsch's Avatar
United States
9 Posts
 Posted 10/24/2011  3:15 pm  Show Profile   Bookmark this reply Add dpartsch to your friends list Get a Link to this Reply
Thank you so much! I've been searching on the internet--but sometimes it takes so long to find the answer.

I really appreciate your help!
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