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First Time I Found A Proof Coin

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upstate's Avatar
United States
3283 Posts
 Posted 02/19/2011  3:30 pm Show Profile   Bookmark this topic Add upstate to your friends list Get a Link to this Message Number of Subscribers
I still don't quite understand how these get in circulation and I was surprised to hear how many the roll searchers here find. Got this one in change yesterday.

First-Time-I-Found-A-Proof-Coin

First-Time-I-Found-A-Proof-Coin
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Kefiroth's Avatar
United States
1431 Posts
 Posted 02/19/2011  4:02 pm  Show Profile   Bookmark this reply Add Kefiroth to your friends list Get a Link to this Reply
Great find!

I found my first proof nickel not too long ago as well. A 1997S
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Darth Anarchus's Avatar
United States
1388 Posts
 Posted 02/19/2011  5:11 pm  Show Profile   Bookmark this reply Add Darth Anarchus to your friends list Get a Link to this Reply
I have 5 impaired proofs from circulation so far. 1 penny, and 4 Jeffersons. Most impaired proofs I have seen have been Jeffersons as well. Kinda odd... Must be a lot of people hatin' on the nickel, but that's ok cuaz I'll take 'em...
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odentheviking's Avatar
United States
425 Posts
 Posted 02/19/2011  5:21 pm  Show Profile   Bookmark this reply Add odentheviking to your friends list Get a Link to this Reply
About a month a go I got change from a carwash machine and got a proof James Buchanan Dollar.
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Ricardocody's Avatar
United States
1204 Posts
 Posted 02/19/2011  5:32 pm  Show Profile   Bookmark this reply Add Ricardocody to your friends list Get a Link to this Reply
always make me happy find a proof in change or roll
New Member
United States
12 Posts
 Posted 02/19/2011  9:08 pm  Show Profile   Bookmark this reply Add byro007 to your friends list Get a Link to this Reply
Some people much needed some money so they just broke open there proof sets. What a shame.
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Fuzzy317's Avatar
United States
14463 Posts
 Posted 02/19/2011  10:30 pm  Show Profile   Bookmark this reply Add Fuzzy317 to your friends list Get a Link to this Reply
I agree its a shame people have to break their proof sets, but at the same time its exciting for the possibilities.
Last year I found a 1977-s Washington quarter proof. Its currently in my homemade 7070 set.
Edited by Fuzzy317
02/19/2011 10:31 pm
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eaglefoot's Avatar
United States
6326 Posts
 Posted 02/19/2011  10:36 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply
They are always amazing and surprising finds, but the fact that a "Proof" coin has gotten into circulation, is really kind of sad though, it then is "impaired"...therefore greatly devalued if not even only face value.....

I can never let them go when I find them of course....but it's a mix of excitement and sadness all in one emotion.
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BadThad's Avatar
United States
19944 Posts
 Posted 02/20/2011  02:09 am  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Great find! I've found a couple Lincoln proofs. It's always surprizing when you do find one.
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aguynamedjoebob's Avatar
United States
63 Posts
 Posted 02/20/2011  04:23 am  Show Profile   Bookmark this reply Add aguynamedjoebob to your friends list Get a Link to this Reply
How can you tell a proof from a business strike?
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upstate's Avatar
United States
3283 Posts
 Posted 02/20/2011  09:04 am  Show Profile   Bookmark this reply Add upstate to your friends list Get a Link to this Reply
I noticed the mirrored fields right off the bat.
You can also see that the monticello is frosted
as is the bust of Mr. Jeferson.
The dead give away is the date or more precisely the mintmark.
No business strike "s" in 1981
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upstate's Avatar
United States
3283 Posts
 Posted 02/20/2011  09:06 am  Show Profile   Bookmark this reply Add upstate to your friends list Get a Link to this Reply
That is Mr. Jefferson!
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biggfredd's Avatar
United States
9104 Posts
 Posted 02/20/2011  11:13 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
I agree its a shame people have to break their proof sets


Very rarely happens. Most likely scenarios:

Coins inherited or given to someone who hasn't been instructed about their premium value.

Collection stolen, and pop machines don't ask for ID.

Rarely, collector only collects the silver issues, and it's cheaper to buy a set than the singles. Cent and nickel get spent.

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jbuck's Avatar
United States
188213 Posts
 Posted 02/21/2011  4:15 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Very rarely happens. Most likely scenarios:

Coins inherited or given to someone who hasn't been instructed about their premium value.

Collection stolen, and pop machines don't ask for ID.

Rarely, collector only collects the silver issues, and it's cheaper to buy a set than the singles. Cent and nickel get spent.


A desperate collector would sell or pawn them. Even the lowest of offers would be better than spending them at face.
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Guatemala
357 Posts
 Posted 02/21/2011  5:15 pm  Show Profile   Bookmark this reply Add JMerrick to your friends list Get a Link to this Reply
And, of course, there are dealers busting open sets for the silver content.
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jbuck's Avatar
United States
188213 Posts
 Posted 02/21/2011  5:58 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
It is doubtful that a dealer would spend the non-silver proof coins. Not impossible (never say never), but doubtful.
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