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 Replies: 8 / Views: 1,726 |
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Valued Member
United States
232 Posts |
hi All
could someone tell me exactly what a proof coins is. I always thought proof coins were sets bought from the mint that were sealed. After reading some articles about coins I have seen several comments about finding proof coins in general circulation. Are there proofs f;loating around and if so why would the mint print these for general circulation. If so I'm assuming that the random older coin I find in loose change that has a brilliant shine and looks very odd compaired to others are them? do they carry a higher premium?
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Pillar of the Community
United States
1418 Posts |
This is from the forum glossary.
Proof
A coin usually struck from a specially prepared coin die on a specially prepared planchet. Proofs are usually given more than one blow from the dies and are usually struck with presses operating at slower speeds and higher striking pressure. Because of this extra care, Proofs usually exhibit much sharper detail than regular, or business, strikes. PCGS recognizes Proofs (PR) as those struck in 1817 and later. Those coins struck prior to 1817 are recognized as Specimen strikes (SP
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Pillar of the Community
United States
3592 Posts |
tershafer, there are some proof coins floating around in circulation but they were not intended to be. We often speculate as to why...stolen or maybe just inherited by someone who didn't know their value....some are valuable especially older coins, but in general when they are circulated, they are impaired coins. |
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Pillar of the Community
United States
689 Posts |
I actually just got a 1974 S proof nickle in change today. I wondered all day how I ended up with it.
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Bedrock of the Community
United States
12437 Posts |
Quote:
I always thought proof coins were sets bought from the mint that were sealed. Yes, that is the case for modern circulating designs. If you find a proof in circulation, it got there by someone breaking open a set and spending the coins. |
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Valued Member
United States
299 Posts |
as an example, the boys were given each a proof silver eagle for Christmass, by a relative, when they were too young to understand what they were. They did recognize them as money though, and had fun buying a couple of chocolate bars  |
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Bedrock of the Community
United States
20753 Posts |
Quote:
I actually just got a 1974 S proof nickle in change today. I wondered all day how I ended up with it. Not only proofs are showing up in change but some rather expensive coins too. Robberies are on the increase everywhere and coins stolen by criminals are just coins. Normally thye are just spent in vending machines, laudromats, coin counting machinese, etc. Criminals really don't care about coin values and to them a coin is a coin. Regardless of what they say on TV, there is a massive increase in NO JOBS. So as more and more people are out of work, so crime increases. |
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Pillar of the Community
United States
1397 Posts |
I checked my excel sheet coin inventory to see how many proof coins I have. I got every one of these in circulation.
Nickels:
1968 S
1979 S
1981 S
1982 S
1985 S (three of them)
1988 S
1989 S
1991 S
1994 S
1998 S (two of them)
2000 S
2001 S
Quarters:
1976 S Silver Bicentennial (two of them)
2000 S New Hampshire Silver
2004 S Florida Silver
2004 S Iowa Silver
2005 S Minnesota Silver
2006 S Nevada
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Valued Member
United States
185 Posts |
I recently was given a '1941 S nickle in change. First time that has ever happen to me.
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Replies: 8 / Views: 1,726 |
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Posted 01/11/2011 5:31 pm
