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Difference Between Circulated And Uncirculated?

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New Member

United States
10 Posts
 Posted 01/27/2007  10:33 pm Show Profile   Bookmark this topic Add Big Time to your friends list Get a Link to this Message Number of Subscribers
Are uncirculated collectors versions of US Mint coins less desireable?

Specifically,I'm looking for a few Gold and Platimun coins, as well as Canadian coins as investments. I don't like keeping too much money in cyberspace at the bank.

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Metalman's Avatar
United States
7123 Posts
 Posted 01/28/2007  12:13 am  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
awww the old Unc -VS- proof debate !!

The answer varies by mintages of each and the number actually sold and distributed.

I like the unc coins myself and that is what I collect for my commems and any bullion coins I might own .

however the ASE proofs have out paced the UNC , due to the relitively low mintages of Proof examples. the 97 proof ASE being a remarkable example.

what it really boils down to is collector preference or investment requirement as a collector I like the UNC,, If I was into coins as an investor I would chase the proofs in almost every case when buying the bullion Issues. This changes dramtically when you talk about classic coins.

Metalman
Edited by Metalman
01/28/2007 12:18 am
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Spider5689's Avatar
United States
2269 Posts
 Posted 01/28/2007  09:42 am  Show Profile   Bookmark this reply Add Spider5689 to your friends list Get a Link to this Reply
If you are an investor, stick with the UNC platinum and gold eagles. The proofs are collector versions of the American Eagles, and are sold by the Mint for a much higher premium.
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Spider5689's Avatar
United States
2269 Posts
 Posted 01/28/2007  09:44 am  Show Profile   Bookmark this reply Add Spider5689 to your friends list Get a Link to this Reply
You may want to consider early American Eagles and Double Eagles.
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dsking's Avatar
United States
2365 Posts
 Posted 01/28/2007  12:11 pm  Show Profile   Bookmark this reply Add dsking to your friends list Get a Link to this Reply
Buying directly from the Mint you will be buying Proofs yes (depending upon the coin). Dealers and on-line will be Business Strike uncirculated (Proofs available also). I buy BU Uncirculated as often as possible. The older Liberties, Indians, Swiss, French, Sovereigns, etc. I try to stick with EF or better, preferably AU or better. Yes, Proofs will require a higher investment up front but, not necessarily on the sale end (if that makes sense).

Canadians are a slight better investment than U.S. as they are .9999 Gold vs .999 with one exception (Buffalo). I'm speaking BU Canadians and bullion, not Numismatics. The best of both Worlds would be older U.S. and World mixed with BU Canadian, China and U.S. Double Eagles.

You can get more buying Gold than Platinum but, a Plat here and there isn't a bad idea just not necessarily the higher sale %. Silver and Gold tends to take more rapid leaps than Platinum over the long term. They also are more volatile in the reverse as well.
Edited by dsking
01/28/2007 1:32 pm
Valued Member
TSmith3510's Avatar
United States
455 Posts
 Posted 01/28/2007  9:02 pm  Show Profile   Bookmark this reply Add TSmith3510 to your friends list Get a Link to this Reply
I like buying proof gold pieces from the mint. Last year I bought the Buffalo and some fractional gold eagles. It's hard to find words to describe their beauty.

Question: Has the mint ever raised or lowered the prices of their proof gold coins based on changes in spot gold?
New Member
United States
10 Posts
 Posted 01/29/2007  12:15 am  Show Profile   Bookmark this reply Add Big Time to your friends list Get a Link to this Reply
Thanks, folks. I was having a hard time understanding what a proof was.

I collected coins as a child and found a big bag of old silver dollars my Grandmother had left me. They are sort of scratched up, but still in OK condition. Some date back to the 1800's.

The discovery has re-fuled my interest in collecting coins. Buying gold seems to be a good way to save money, since most banks don't pay squat for interest these days.

Platinum coins are beautiful. The one ounce Liberty Head plat is amazing. I could probaly buy one or two per year,plus a few gold.

The Canadian hologram maple leaf is pretty groovy, too.

How many of you buy from online places? What if the mailman steals them?
Edited by Big Time
01/29/2007 12:16 am
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