How To Decide Between A Proof Coin And A U.S.

Mint State Coin

For people who are collecting or investing in coins, it is a very good idea to know the difference between a proof coin and a mint coin. Some of these coins cost a fair bit of money so it is better for you to have all the information you need on hand to buy or sell the right coins. You do not want to get confused when it comes to investing in these coins. When people talk about U.S. mint coins, they are talking about mint state coins minted prior to the year 1933. These coins were made solely to be used in monetary transactions. The number of mint coins produced each year was dependent on the people's need for more currency, as well as the availability of such metals like gold and silver. As the population grew however, the number of mint coins also increased given the demand for more currency which was to be circulated. If you take a look at the $2.50 Quarter Eagle produced in 1796, there were only 963 coins made. In the year 1821, there were 6,448 coins minted. As these coins were circulated among the population, their conditions were quick to deteriorate which is why finding high grade example of these U.S. mint coins is rather tough to do. A proof coin on the other hand has a very marked difference in appearance as compared to mint coins. The term "proof" refers to how the coins were produced and not the condition of the coin at all. Proof coins are made by being struck against a planchet polished to a high sheen. This gives the coins a mirrored effect and gives them a frosted appearance. Mint state coins just look matte and also have minor imperfections due the handling they receive during the minting process. These types of coins were never made to be circulated. These days, people do not just collect rare coins just as a hobby. Instead, they like to collect these coins be they proof or mint - so they can add some diversity to their investment portfolio. One reason why coins make for a good investment is that their values usually remain stable if not increase as years pass. Gold proof coins are especially popular among collectors but these days, you can also invest in silver coins and coins made of platinum to add to your portfolio.