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<p>[QUOTE="dougsmit, post: 676883, member: 19463"]<a href="http://www.pcgs.com/articles/article3829.chtml" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.pcgs.com/articles/article3829.chtml" rel="nofollow">http://www.pcgs.com/articles/article3829.chtml</a></p><p> </p><p>The above article explains a lot. If a coin does not exist, one can not be faulted for not owning it. The fact that some paperwork suggests that 700 were made does not even guarantee that the coins were actually made or issued in an identifiable form (perhaps they were struck without the mark or using the previous year's date - does anyone know the supporting evidence on this one?). The article points out that a proof and business strike were considered the same in that time so there would be no need to have both. I recall being of the opinion that proofs were not really coins even though you could spend one. This was in a time that proof sets cost $2.10 for $.91 face and spending was an option if your set had a defective coin. I have a 1962 proof half with ugly spots of toning. It should never have been removed from the mint package but it was. Today the only thing that keeps it from being spent is melt value. Once we called these 'impared' proofs. Note that an MS65 Redbooks for $100 while a proof is $15. Definitions of terms like 'complete' and 'collectable' have changed a lot since these coins Mr. Eliasburg's day.</p><p> </p><p>If you look at the link above, note the picture at the bottom showing where he kept his collection. I wonder if that was his home safe? <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /> Thanks CrustyCoins for providing the name.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 676883, member: 19463"][URL]http://www.pcgs.com/articles/article3829.chtml[/URL] The above article explains a lot. If a coin does not exist, one can not be faulted for not owning it. The fact that some paperwork suggests that 700 were made does not even guarantee that the coins were actually made or issued in an identifiable form (perhaps they were struck without the mark or using the previous year's date - does anyone know the supporting evidence on this one?). The article points out that a proof and business strike were considered the same in that time so there would be no need to have both. I recall being of the opinion that proofs were not really coins even though you could spend one. This was in a time that proof sets cost $2.10 for $.91 face and spending was an option if your set had a defective coin. I have a 1962 proof half with ugly spots of toning. It should never have been removed from the mint package but it was. Today the only thing that keeps it from being spent is melt value. Once we called these 'impared' proofs. Note that an MS65 Redbooks for $100 while a proof is $15. Definitions of terms like 'complete' and 'collectable' have changed a lot since these coins Mr. Eliasburg's day. If you look at the link above, note the picture at the bottom showing where he kept his collection. I wonder if that was his home safe? ;) Thanks CrustyCoins for providing the name.[/QUOTE]
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