Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Begining Coin Collecting
>
Reply to Thread
Message:
<p>[QUOTE="satootoko, post: 20181, member: 669"]Welcome aboard rcalder.</p><p><br /></p><p>Proof coins are minted with extra care on specially polished and prepared planchets. Frequently they are struck twice, and they are generally handled with care at the mint before they are sold to collectors and dealers. Often they have mirror-like fields and frosty devices; occasionally they are made with a satiny or matte finish.</p><p><br /></p><p>Many national mints (including ours) gather some or all of the year's proof coins into sets, which are sold at a sometimes hefty premium over their face value. </p><p><br /></p><p>Currently the U.S. Mint only produces proofs at San Francisco, using silver for proofs of the coins which were traditionally minted in silver (10¢, 25¢ and 50¢). At current prices that means they are worth roughly 4 times face value. Although the older large $1 coins were traditionally made from silver, the smaller current Sac dollar is not, so its proof, like that of the 1¢ and 5¢ coins, is minted with the same composition as the circulation/business strikes.[/QUOTE]</p><p><br /></p>
[QUOTE="satootoko, post: 20181, member: 669"]Welcome aboard rcalder. Proof coins are minted with extra care on specially polished and prepared planchets. Frequently they are struck twice, and they are generally handled with care at the mint before they are sold to collectors and dealers. Often they have mirror-like fields and frosty devices; occasionally they are made with a satiny or matte finish. Many national mints (including ours) gather some or all of the year's proof coins into sets, which are sold at a sometimes hefty premium over their face value. Currently the U.S. Mint only produces proofs at San Francisco, using silver for proofs of the coins which were traditionally minted in silver (10¢, 25¢ and 50¢). At current prices that means they are worth roughly 4 times face value. Although the older large $1 coins were traditionally made from silver, the smaller current Sac dollar is not, so its proof, like that of the 1¢ and 5¢ coins, is minted with the same composition as the circulation/business strikes.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Begining Coin Collecting
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...