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 Replies: 11 / Views: 10,625 |
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Valued Member
United States
111 Posts |
Why do proof coins get in to circulation do they not come in plastic wrapper from the mint as I got these two nickels in bags of coins this year and they do not have much damage?  |
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Bedrock of the Community
United States
11951 Posts |
There are many reason proof coins can end up in circulation. Yes proof coins come in sealed holders from the mint. I have personally broken hundreds of sets and dumped them them At the banks. Sometimes I will save the Lincoln cents or Jefferson nickels. Coin shops can get overwhelmed with modern sets. Many times shops will buy large collections and dump the very common sets. For example, this week we are going to make a offer on a collection that has what is described as two truckloads of mint and proof sets. Another way proof coins can get into circulation is from coins getting stolen or inherited, those coins ending up with people that don't know what they have just spend them. |
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New Member
United States
12 Posts |
Personally, my feeling is it's way too common an occurrence... particularly for newer coins. I have a dozen or so proof nickels found in the wild and I don't CRH for nickels. Either collectors or dealers are buying proof sets for higher denom's and don't want to store the lower denom's (I personally don't know anyone doing this)... or, the mint is releasing them into circulation (even though San Fran doesn't have the logistics to do so)... or, someone on the inside is taking them instead of destroying them!! I'm sure all of these forces are at play here... including the commonly held belief that people who don't know any better are just spending them... I think it would make for an interesting movie story if it turns out to be a conspiracy at the mint!!
In any case... I'm just glad that they find their way into the wild however they might get there!!
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Rest in Peace
10197 Posts |
I've a couple pennies, 1999,1990,1972 and one 1989 proof nickel from CRH...mine were in terrible shape. One of my suppliers told me that some like the 1999S 1c were terrible from the mint, had trouble finding any good, hence circulation dumps. I've recently bought some raw 50 cent proofs, mostly the clad S's, wonder where their cousins went?  Any reason your 2x2's are backwards for? Or at those two-sided cardboard...usually white side out? Edited by Crazyb0
02/26/2017 12:24 pm
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Valued Member
United States
295 Posts |
I've received clad proof State Quarters in change, and I'm not too surprised--they are literally hundreds of millions of them, a few are going to get spent. Edited by Thulium
02/26/2017 1:42 pm
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Pillar of the Community
United States
4211 Posts |
I have spent my share of duplicates over the last 10 years for sure.
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Pillar of the Community
United States
2270 Posts |
Most proofs have one single way they get in circulation; they are simply spent by collectors, dealers, and wholesalers who are assembling rolls or sets of proof coins. Many proofs are just substandard and these aren't included in proof rolls and collectors don't want them in sets so they get released to circulation.
Millions and millions of these coins have been released over the years.
Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
2270 Posts |
Many tens of millions of mint set coins have been spent over the years but these are much harder to tell from the other coins in circulation.
Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
3210 Posts |
Most proof sets aren't worth anything maybe a small small value over their face value, so people will crack them out and spend them; this is more commonplace with the modern sets than the silver proof sets of the 1960s and earlier. As GR58 mentioned sometimes sets are stolen and the people or kids will spend them as normal money as well. I have found quite a few proofs coin roll hunting mainly halves, but have found a few proof nickels and a few dimes.
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Valued Member
 United States
111 Posts |
Quote:
Any reason your 2x2's are backwards for? Or at those two-sided cardboard...usually white side out?
*** Edited by Staff to add quote tags. Please use them in the future. Posts are very difficult to read without them.***I make my own out of cereal boxes cut out two holes find some clear plastic and staple. |
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Rest in Peace
10197 Posts |
John1397: depending on the plastic used, I bet you a penny there's PVC in it, that crap leaves a nasty reside that most often destroys your coins. I buy my 2x2's $3.00 per hundred ($.03 ea.), I'd much rather a minimal investment to protect my coins...cost a heck of a lot more to replace once ruined!  Also, that box has ink and other chemicals trapped coinward? Edited by Crazyb0
02/26/2017 5:24 pm
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Moderator
 United States
187702 Posts |
Not all plastic is PVC. My guess is that this is from a Ziploc bag or something similar. Those are fine for coins.
That aside, I also prefer a proper 2x2 holder.
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Replies: 11 / Views: 10,625 |
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Posted 02/26/2017 11:02 am
