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<p>[QUOTE=&quot;Charles JS, post: 2871321, member: 90018&quot;]The answer is yes. Have you ever watched storage wars? People accumulate proof sets and store them, yes in rented storage. Sometimes the sets are intact, sometimes the collector takes what he believes to be the most valuable coins and probably, re - slabs the pieces and keep the more valuable coins maybe in a safe of a period of time.</p><p>So the grading company, in this case some off the wall company throws them in a slab and if they are from a period before 1980 and have no mint mark, they are automatically marked P for Philadelphia.</p><p>So then here is thus one storage bin with cardboard boxes of these re-slabbed coins and for some reason the owner doesn&#039;t pay the rent and fails to show up. Then the storage company auctions everything in the storage room ,lock,stock and barrel and whoever buys the stuff, probably not a numismatic afficiando pulls out any silver remaining and any dates just about everybody is familiar with and someone like me sees an ad with a box of coins for sale, and purchases them for a couple hundred bucks.</p><p>And guess what, finds all kinds of interesting coins in the box, slab bed and not only finds DCAM coins slabbed but some marked with a P which sure look like proof coins to me.</p><p>So once the proof coins are removed from the sets and sold, I consider them circulated. Did I find proof coins, I just said so.</p><p>And although the finest specimen of a 1969-S Doubled Die came out of a $4 + proof set, the most recent one found IN CIRCULATION was an AU-55.</p><p>Are proof coins intended for circulation? No. But do they seep into circulation from time to time, of course.</p><p>And when you find what you think is a proof coin, often it is not. New proof coins are absolutely clear details and the fields are often polished or vice versa. Where there is a challenge is proof coins from 4 or 5 and maybe even 6 decades back which are found in circulation because the natural degradation can easily fool you.</p><p>If 1969-S proof coins were valued because of low mint numbers instead of very bold doubled die obverses, I am sure in the case of the AU-55 , it would have been thrown in the roll and take back to the bin pile.</p><p>So here is the rub, even should you find a valuable proof coin in circulation, it could be in such bad shape that most grading companies would not verify it is a proof coin.</p><p>The best thing to do is go to yard sales, or pick up proof sets over craigslist, at a coin shop because values can be found if you know what to look for.</p><p>Whether coin collecting is a hobby or a source of income, it requires lots of research and studying otherwise you want know what you have when you do acquire it.</p><p>It&#039;s happened to me over and over. When I started collecting pennies, do you want to know how many times I re-rolled what I thought had no value only to discover I rejected some 1989-D&#039; because they were well circulated. But 1989-D and even 1990-D have been discovered at times to be transitional, copper weighing 3.1g. The mint transitioned from copper to zinc in 1982, later in 1982, all 1982&#039;s were supposed to be zinc. But one 1982-D small date transitional coin was discovered a couple years ago and of course 1983 also need to be weighed.</p><p>But in the beginning, I bought a box of pennies and rolled them over and over and over.</p><p>And still threw a 1922 no S in the re-rolled pile. </p><p>Don&#039;t believe proof coins are never found in circulation. And watch Coins or Blueridgesilverhound on youtube; they always broadcast something useful to any collector.</p><p>And get Free PCGS coin app on Google play; it is helpful because most of the pictures and gestimations can point you in the right direction.[/QUOTE]</p><p><br /></p>

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