How much more do proof coins worth than their normal versions?

Discussion in 'Coin Chat' started by ibuycoinsoffebay, Oct 19, 2017.

  1. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    Why do I see them AS A PROPORTION more often on slabbed coins than raw? Is it "selection bias"? e.g. Those are the ones people want to move of the slabbed ones they have.
     
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  3. baseball21

    baseball21 Well-Known Member

    Selection bias is part of it. You're also FAR more likely to see a stock image for a raw listing than a slabbed one. Raws are also more likely to be stuck away in a tube somewhere where the true percentage of them isn't really known until they're opened
     
  4. SilverWilliesCoinsdotcom

    SilverWilliesCoinsdotcom Well-Known Member

    Eh, could be some peripheral unknown environmental factor, something in the air they're exposed to, especially if it's a controlled climate. Remember Legionnaire's Disease?
     
  5. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    Swimmers in the water tanks.
     
  6. SilverWilliesCoinsdotcom

    SilverWilliesCoinsdotcom Well-Known Member

    Adult swim. Ugh. Do NOT get in the pool with any open wounds.
     
  7. SilverWilliesCoinsdotcom

    SilverWilliesCoinsdotcom Well-Known Member

    We tend to focus too much in an unfocused world. Example. Fishing, some time back. For Blackfish, around this time of year. Tautog, they call them in New England. Use green crabs for bait, a rather stinky item even when they are fresh. Everyone is catching them. Except this one lady, Marilyn, she's fishing next to me. She asks, "what am I doing wrong." I watch her for a while. "Nothing I can see. You're a good fisherman. Just not your day?"

    Sure enough I catch a few more fish, she, nothing. It's cold. She opens her purse and squirts some lady hand cream goo moisturizer on her dry skin. I think, say, "Ask Tommy, the mate, to bait you up." Tommy does so, she drops it down, bang. Nice blackfish. "Tommy! C'mere." Bang. Another. I say,

    "It's your hand cream, they can smell it."

    The answer might be in the humidifier filter at the mint. Or further back in the supply chain. or dare I say, it is from a mixture of US Grade A homogenized milk, which someone had unfortunately shed tears over, where they make the planchets.

    Call Columbo?
     
  8. montynj3417

    montynj3417 Active Member

    Maybe I am wandering off of the subject, but I have seen and held onto state commemorative quarters which had such a beautiful satin finish that made them seem proof-like, although by the strictest definition, they were regular business strikes.
     
  9. Lemme Caution

    Lemme Caution Well-Known Member

     
  10. Lemme Caution

    Lemme Caution Well-Known Member

    Sounds pretty bad all around, and no solution in sight. What to do?
     
  11. baseball21

    baseball21 Well-Known Member

    Wait a year or two for proofs, or avoid proofs as some options. Really it's a decision every collector needs to decide on their own for what brings them the most joy
     
    Lemme Caution likes this.
  12. Treashunt

    Treashunt The Other Frank

    unanswerable question.

    They are different items
     
  13. Johndoe2000$

    Johndoe2000$ Well-Known Member

    Even the uncirculated coins are spotting, not only proof. I have heard that improperly cleaned/rinsed planchet is at least part of the problem, if not THE problem. Once the spot is struck into the coin/blank, It's there permanently.
     
    Last edited: Oct 26, 2017
  14. GDJMSP

    GDJMSP Numismatist Moderator

    As I pointed out previously - they always have. The problem began when they started minting bullion coins in 1986, it is not something new.

    Yes, pretty much everybody has heard that. And then repeated it over and over again in various articles and on all the coin forums. But the theory originated with the US Mint itself almost 20 years ago when they suggested that the planchet wash solution might, stress might, be the problem.

    That said, as I explained in post #75 it is very unlikely that the planchet wash solution has anything to do with it and that it is not what causes the milk spots. And if that explanation is not enough to convince you then consider this.

    Shortly after the US Mint offered that possible theory they changed the planchet wash solution they used in an effort to solve the problem. However it didn't change anything, the problem still exited. What's more they have changed the washing solution a couple of more times since then. And yet the problem still exist.

    In addition to that consider that the milk spot problem is not unique to the US Mint, mints in other countries experience exactly the same problem.And while I do not know it for an absolute fact I think it reasonable to assume that those other mints use different planchet wash solutions than what the US uses. And still the problem exist.

    All of these things being said it leads you, or at least it leads me, to only one logical conclusion - the planchet wash solution IS NOT what is causing the milk spots. And if that's not it, then what is left ? And I've answered that in previous posts - the problem lies in the silver itself.

    Am I correct ? Dunno, might be might not be. But I do think it is perfectly reasonable and logical given what we do know that it is not the planchet wash solution.
     
  15. Johndoe2000$

    Johndoe2000$ Well-Known Member

    I guess you, and your logical explanation, makes sense to me.
    Can you explain why it takes many years sometimes to see any signs of spotting?
     
  16. GDJMSP

    GDJMSP Numismatist Moderator

    Thought I already did - because similar to what happens with toning, it sometimes takes a while for the impurities to be affected by the environment and show up, become visible. Other times it happens quickly.

    Same exact thing happens with toning. Natural toning can occur in a matter of days, or toning can take years. It always depends on all of the variables involved.
     
  17. Lemme Caution

    Lemme Caution Well-Known Member

    ==============================================
    Note from Lemme Caution re the above precisely on-point comment:
    How and why on earth the U.S. Mint ever got involved/immersed in the making of bullion in the first place would be a complete mystery if it weren't for the ultra-obvious answer: big time financial hijinks made possible by small time Washington politics as usual. For God's sake, after all, it's the PUBLIC United States Mint, not a PRIVATE bullion factory! :greedy:
    ============================================================================================
    ==============================================
     
    Last edited by a moderator: Oct 27, 2017
  18. baseball21

    baseball21 Well-Known Member

    ASE's are BY FAR the most popular thing the US mint makes. In all honesty the legislation making them start doing bullion products was one of the best things they done in a long long time. A lot of collectors started out with ASEs
     
  19. Lemme Caution

    Lemme Caution Well-Known Member

    This is what I love about America...everybody gets to have their own opinion, and it's o.k. Not to mention, "One man's ceiling is another man's floor."
     
  20. Old Coin Dawg

    Old Coin Dawg Active Member

    Well Sakata that might be a bit of a stretch --- LOL
     
  21. Old Coin Dawg

    Old Coin Dawg Active Member

    That would depend on the coin, there are times an MS will run off from a proof coin. But not every time will this happen. I collect PF69 halves, have very few MS69 halves.
     
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