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Are Proof Coins Better Than Mint State Coins? 

Which is better, proof, or mint state coins? It depends on your prerogative. For collectors of proof coins, a proof coin is arguably better than a mint state coin. 

Proof coins offer more eye appeal thanks to prepared die, prepared planchets, and striking methods used to produce them. Further, proof coins have a distinctive contrast, known as cameo, as well as greater demand, since they are produced in limited numbers. 

Meanwhile, collectors of mint state coins might simply be more interested in mint state coins. Mint state coins are more widely available, and historic mint state coins have ‘seen’ major historic events. Circulating coins often carry a lower premium, and there are more plentiful varieties and error coins available in mint state coins than in proof coins. 

At the end of the day, circulating and proof coins are both good to collect. To answer which is better depends on your interest. 

Differences Between Proof and Mint State Coins 

Proof coins and mint state coins, which are often called business strikes or coins struck for use in commerce, are different in their appearance and in how they are produced. 

Proof coins are often more difficult to find than mint state or circulating coins. 

Features of Mint State Coins 

Mint state coins provide a fun challenge for collectors who want to build a full set from a series and a sense of adventure for collectors in search of flawless MS-70 coins.  

  • Mint State, circulating, or business strike coins are struck from typical planchets and regular coin dies. 
  • Have a matte or matte-like finish over the whole coin and may have minor imperfections because of handling the coin during the minting process. 
  • Are struck once with normal operating speed and pressure. 
  • Are produced for circulation and are not handled differently from other coins. 
  • Mint state coins are produced in large quantities intended for circulation and use in commerce. 
  • Unless they are graded higher than a similar proof coin, are older than the current year’s issue, or exhibit errors, circulating coins will carry a lower premium. 

Features of Proof Coins 

Proof coins are made using a high quality minting process and add beauty to any coin collection. Proof coins offer a captivating glimpse into the design, artistry, and history of a coin. 

  • Proof coins are typically struck on specially polished planchets with equally polished dies. 
  • Have a ‘frosted’ foreground with a mirror like background and intricately detailed design. 
  • Struck multiple times at a slower rate with greater pressure per strike. 
  • They are produced for collectors and are handled with care to preserve their special finish. 
  • Proof coins are produced in lower mintages and are not intended for circulation or use in commerce. 
  • Will be priced higher than Mint State or circulating coins. 

Are There Low Grades for Proof Coins? 

Because special attention is paid to the striking of proof coins, it is not likely to find a newer proof coin with a low Sheldon grade. While this does not preclude proof coins from being overhandled and damaged by a collector, their higher cost typically prevents them from being used to make purchases or change.  

Quick Guides to Investing

Step 1:

Why Buy Physical Gold and Silver?

If you are concerned about the volatility of the stock market, you’re not alone. The extreme highs and lows of the stock market often lead investors towards safe-haven assets, like bullion. Historically, the Precious Metals market has an inverse relationship with the stock market, meaning that when stocks are up, bullion is down and vice versa.

Step 2:

How Much Gold and Silver Should You Have?

This question is one of the most important for investors to answer. After all, experts suggest limits on how much of any types of investments should go into a portfolio. After deciding to purchase and own Precious Metals and considering how much money to allocate, one can then think about how much and what to buy at any point in time.

Step 3:

Which Precious Metals Should I Buy?

With the frequent changes in the market and countless Precious Metal products available, choosing investments can be difficult. Some want Gold or Silver coins, rounds or bars while others want products that are valuable because of their design, mintage or other collectible qualities. Also, collectors may shop for unique sets and individual pieces for their collections.

Step 4:

When to Buy Gold & Silver

After considering why, how much, and what Precious Metals products to buy, an investor’s next step is when to buy them. This decision requires an understanding of market trends and the impact of economic factors on precious metal prices.

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