Proof Coins - Coin Community Forum

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Author	Replies: 5 / Views: 1,383
Pragmatist New Member United Kingdom 9 Posts	Posted 07/19/2014 04:35 am Does collecting proof coins make it harder to aquire a forgery? I have just started out and use a highly respected dealer in the UK. I questioned how they can check against forgeries with proof coins which obviously shouldn't be touched and was told that seeing as they came from the mint then they would definately be genuine sovereigns. I can see that makes total sense but would just like some peace of mind from more experienced collectors on here. Thanks, Matt Report this Post to the Staff

Conder101 Bedrock of the Community United States 17884 Posts	Posted 07/19/2014 10:22 am That's a good question. I'm not sure if I have ever seen a Proof counterfeit. I've seen some with prooflike surfaces, and I have seen a few 19th century proof only issues they made counterfeits of, but they weren't all that convincing. (like several of the fake pattern coins on the market.) Report this Post to the Staff
DBM Pillar of the Community Canada 9862 Posts	Posted 07/19/2014 10:56 am Quote: I have just started out and use a highly respected dealer in the UK You are probably paying a premium at such a dealer compared to other venues, but a respected,established,experienced dealer is your best defense in avoiding counterfeits. "Dipping" is not considered cleaning... -from PCGS website Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 07/19/2014 12:41 pm The main problem with Proof coins is there are only some made. Remember if you want to make a collection of say Mercury dimes, only some years have proofs and others just don't. Trying to complete any series of coins always requires many years with no proofs available. Report this Post to the Staff
Henry M Smith Valued Member United States 337 Posts	Posted 07/20/2014 02:52 am My solution to knowing if you have a genuine proof coin is to bu directly from the mint, unless it is not a current year. In fact, The Royal Mint has some o last year's coins still available. Report this Post to the Staff
tkbslc Pillar of the Community United States 1158 Posts	Posted 07/20/2014 03:32 am I would think proof coins would be MUCH more common in high grades because they are traditionally sold to collectors. So high grade proofs often have to be REALLY high grade to be valuable. With many modern coins, only MS-70 is valuable. Report this Post to the Staff
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