Proof Coins Now In Circulation, How To Determine Price?

do you have a picture? I would assume since there are so few circulated proofs it would be hard for the guides to set an accurate price. The seller probably would have to list it on an auction site (with a pretty low starting bid) and let the market set the price.

If a proof coin has seen circulation, I would describe it an impaired proof, and grade it as you would any other issued for circulation coin.
As for price, that would be as for the issued for circulation piece.

If it was a off metal strike such as a silver proof, then a bullion value would have to be added to the price. Most silver proofs would not last very long in circulation before they would be spotted, and removed by the excited finder.

I have actually found a pad printed colourised proof in circulation, but although it is in nearly uncirculated condition, I do not think it would be valued at much above face value now.


andym: The fact that your coin is a proof may well enhance it's value greatly, simply because it may be quite rare. 19th century proofs are usually rare. The rarity would need to be confirmed, along with a confirmation of the accuracy of the price guide you are using.
BTW, what IS the coin? A description of it is needed.

And there is always the chance that it may be a privately made fantasy piece, photographs will be needed for an opinion to be expressed by us. Such fantasys have been shown on the CCF before.

For value, I would nominate the value of it for the PR60 price and use the Sheldon scale of grades to work out a numerical reduction in value. Having made that point, the coin is only worth what someone else is prepared to pay for it.

It's an 1877 Twenty Cent Piece, about F15-VF20 condition.

Thanks oih82w8. This I guess was quite a find. BTW, what does FMV of "FMV prices" mean?

OK, duh, Fair Market Value.

Required? I don't think it's required. Why would that be?

If you plan to sell it, you really need it certified as genuine since it is a rare coin. Rare coins are heavily counterfeited, or often have altered dates. I guess it's not "required", but it is definitely worth the expense in a case like this.

I would love to see pics of this as well.

How could that coin be found in circulation. Obviously since 20 cent pieces were gone by the turn of the century it didn't hang around. I may be wrong, but I don't think an 1877 20c was ever certified in F-12, so it wouldn't be a stolen collector piece. If the theory is that it was stolen at a higher grade and obtained wear in circulation, I ask how? It would have to be moved around for a while and the size difference to quarters and composition wouldn't allow it to ever be processed by a coin rolling center....plus it would certainly have been pulled by someone if it were to have been found.

This would be the strangest circ find I've ever heard of. I know of a 2-cent piece that was used to make a purchase (and kept by cashier and not circulated btw) and I know of several situations where Morgan/Peace dollars were used, but this would take the cake.