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by Ringo on January 31st, 2010
Proofs are merely cheap replicas. Sort of like buying a copy of the Mona Lisa. Most, if not all, proofs will not resell for the price you paid for them. You might be lucky to resell it at all.
When was the U.S Mint first starting to make coins?
by SinKing75 on July 20th, 2009
| 1 person likes this
Do you find the 2008 September 11th Commemorative $20 dollar to be in poor taste?
by Sheriff Raff -Answerhag on January 3rd, 2009
| 1 person likes this
is a 50 state coin set in 24k gold u get one set from each mint 100 coins in all for 160 a good bye
by kushdoc on May 28th, 2010
| 1 person likes this
How come proof sets sell at very cheap prices, yet the prices of the individual uncirculated coins cost much more. Am I missing something?
by coinaphrase on January 31st, 2010
| 1 person likes this
will a 50 state coin set in 24k gold be worth some thing one day i have both mints
by kushdoc on May 28th, 2010
| 1 person likes this
You're reading How come proof sets sell at very cheap prices, yet the prices of the individual uncirculated coins cost much more. Am I missing something?
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Comments
Proofs are not replicas. They are actual coins created by the national mints. In early days, they were the first coins struck by a set of dies to "prove" that they were correctly made and set. In more modern times proof coins are special runs of the coins in which the processes used to produce the dies and coins produce higher quality images. Because of these factors and the limited numbers of these coins that are created, they are usually worth more than normal coins.
http://lynncoins.com/proofcoin_article.htm
http://coins.about.com/od/coinsglossary/g/proofcoindef.htm
http://en.wikipedia.org/wiki/Proof_coinage
by Glenn Blaylock on February 6th, 2010