Proof Coins That Almost Went Into Circulation

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Author	Replies: 8 / Views: 896
rogerhst New Member United States 24 Posts	Posted 12/16/2023 5:59 pm This is my first post in the coin forum - but I felt I must do so. Yesterday a friend that works at a local bank in Prattville Alabama brought me some coins that were much more beautiful (in her words) then any other coins that came across her desk. According to her - someone said the coins were brought in collector albums - and the bank told them they could not accept them - however, they told them if they removed them from the holders - the bank would roll them and take them. Thankfully the bank employee did not give these to the bank - but instead - bought them at face value - she then brought them to me since my wife told her I collected coins. She just asked that I pay her back - as she didn't collect coins and didn't want them. Now the real news...... I took them home yesterday (they were in rolls): $25 in $1 coins $20 in quarters $0.50 in cents I started with the pennies. When going through them I noted there were some S - coinage in the roll. basically from 2000 to 2010 with some duplication - all appeared to be Proof S coins. Then the $1 coins - same result - not all were proofs - but the majority were Proof S coins from 2000 to 2010 - again with some duplication. Then the quarters. In the two rolls were a lot of proof S quarters from the 2000 to 2010 period - and the 2005 quarters were silver proof coins. I have all the proof coins but none in single quantities - now I have some - and was able to get them at face value! Thankfully - the proof coins are still beautiful - and have not suffered from being run through circulation! Sad to know that someone just turned these into a bank for face value - even though current value is not that much above face! Anyone had an experience like this? My first to be sure! Roger Report this Post to the Staff

John1 Moderator United States 56855 Posts	Posted 12/16/2023 6:06 pm Two things come to mind. Someone died or the coins were stolen. John1 Report this Post to the Staff
rogerhst New Member United States 24 Posts	Posted 12/16/2023 6:08 pm Based on what I was told - the collector has either died - or was put in a home and unable to take care of himself! Report this Post to the Staff
nickelsearcher Moderator United States 15392 Posts	Posted 12/16/2023 6:44 pm Very fortunate score for you - and I feel bad for the collector who has been unable to dispose of his/her items on their own terms. Take a look at my other hobby ... http://www.jk-dk.art Report this Post to the Staff
Errers and Varietys Bedrock of the Community United States 73735 Posts	Posted 12/16/2023 10:33 pm Nice save. Errers and Varietys. Report this Post to the Staff
kbbpll Pillar of the Community United States 4233 Posts	Posted 12/17/2023 12:54 am Quote: According to her - someone said the coins were brought in collector albums Maybe it was a bunch of proof sets? I can see where somebody sees how much one of these sets is worth and decides it's not worth the hassle versus cashing them in. Report this Post to the Staff
Dearborn Moderator United States 94867 Posts	Posted 12/17/2023 9:07 pm Lucky catch on these. But then being in rolls now they are probably impared proofs now Collecting since 1972. Learning from then on "Tell me and I forget. Teach me and I remember. Involve me and I learn." - Benjamin Franklin 7070 type set coin count: 51/76 Uncirculated American Silver Eagles My American Silver Eagle Proof Collection Sacagawea Dollars Innovation Dollars Eisenhower-Dollars Kennedy-Half Dollars Washington-Quarters Roosevelt-Dimes Buffalo-Nickels 1938-2005 Jefferson-Nickels Lincoln-Cents Report this Post to the Staff
jbuck Moderator United States 187702 Posts	Posted 12/18/2023 10:41 am Thank you for sharing your story. I am glad these were able to pass on to another collector with no (or hopefully minimal) damage. Quote: But then being in rolls now they are probably impared proofs now Hopefully they are okay. People do collect rolls of proofs and I see them for sale all the time. It just depends on how careful they were rolled. By hand, good chance they are okay. With a rolling machine? Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
datadragon Pillar of the Community United States 1648 Posts	Posted 12/19/2023 7:21 pm Proof coins retain their value based on condition of the coin, not on the packaging so it just depends how they were handled, although modern proof coins may not hold much added value outside of a set but you can check on individual values at pcgs or ngc. In late 2008 and into 2009, economic conditions slowed the movement of coins within circulation and caused Americans to cash in hoards of old change. During that time there was a bunch of proof and non proof coins alike that were put into circulation. Sometimes people just have modern proofs that are held for awhile, then dumped back in change as they realize there was no added value over what it would cost to grade, or perhaps get out of collecting or had trouble selling otherwise. Sometimes you might see colorized, hologram, or silver/gold plated coins for similar reasons where the person realizes its not an investment and for whatever reason doesn't want them for a collection anymore. And maybe as you mentioned due to the individual persons health, as their children or family might not want to deal with them and just put them back at the bank or even coinstar. Report this Post to the Staff
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