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Promoted item:★ESTATE SALE LOT OLD US COINS★CURRENCY★PROOF SETS★GOLD SILVER BULLION★45 YEARS+★

★ESTATE SALE LOT OLD US COINS★CURRENCY★PROOF SETS★GOLD SILVER BULLION★45 YEARS+★

  • Each Lot Includes ★GOLD and SILVER★ And 20 Other Items!
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About Proof Coin

Proof coins are coins manufactured not for general circulation, but for collectors and investors. Such coins are specially prepared, using high-quality planchets (coin blanks), with careful attention to detail and luster. The Philadelphia Mint first prepared proof coins for distribution to dignitaries, government officials, and certain collectors in 1817. These proof coins typically had backgrounds (fields) with mirror-like surfaces, and frosted motifs. The Mint began selling proof coins to the general public in 1858. Proof coins were sold mainly in sets, although gold coins were sold individually. In the early 1900s, the Mint experimented with matte finish proofs. Matte proofs did not have the same shiny mirror-like surfaces of earlier proofs, but rather a 'sand-blasted' finish. Matte proofs did not prove as popular with collectors, and the Mint suspended production of proof coins altogether after 1916. Production of mirror type proof coins was resumed in 1936, and continued through 1942. During this brief period, the Mint sold proof coins both in sets, and as individual pieces. In 1943, production of proof coins was again suspended due to the exigencies of World War II. Production of proof sets began again in 1950. It continued until 1965, at which time a nationwide coin shortage forced another halt in the production and sale of US proof sets. Proof set production began yet again in 1968; this time proof coins were issued from the mint in San Francisco, instead of the main mint in Philadelphia. Proof coins from 1968 on bear the San Francisco mintmark. Proof coins are of particular interest to collectors.