Collecting silver proof coins can turn out to be a wise investment strategy. Proof coins are specially made using a set of pre-defined instructions to create and protect their gleaming finish. They are extraordinary to view with a shine that could double for a mirror.
The features on these coins are sharp, having received double-strikes from the two dies used to ensure clarity.
Silver proof coins offer an effect that resembles a cameo appearance, or what some refer to as frosted.
The blanks for proof coins are treated with a special polish.
When the coins are complete, they are sealed within a protective covering to show off their brilliance and maintain their exquisite finish.
Many people get caught up with the various bullish factors and the options for investing in silver. For a great way to get started now with silver proof coins, download our Free Guide To Investing in Silver Coins
THE DIFFERENCE BETWEEN PROOF AND UNCIRCULATED
Uncirculated units of silver bullion indicate a special grade for the unit that is deemed to not have seen any wear at all. That is, it has not been handled by the general public or involved in a commerce (trade) transaction. Handling a coin will cause wear.
Proof units of silver bullion are created using a special polish and treated dies, to make the markings and luster of the coin extraordinarily brilliant. To keep the unit as such, it is encased within a covering to keep it safe from handling and wear.
PROOF COINS ARE LIKELY TO BE WORTH MORE
Due to the extra time, labor, and production costs involved with creating silver proof coins, they are generally a bit more expensive to purchase. Their numbers are typically more limited in production as well. These two factors mean that the proofs are likely to be more valuable in the future
when compared to non-proof coins.
These proof coins made of silver are rarer and, therefore, are recognized as more valuable.
Proof and non-proof coins each have the same quantity of precious metal contained in them.
2009 Quarters Silver Proof Set went on sale recently. A special representative set comes out every year. It includes quarter-dollars that are composed of 90 percent silver.
Many coin collectors look at annual proof sets as the foundation of their investment treasure.
U.S. MINT MARKS
Both proof and uncirculated coins contain a letter on them, designating which mint produced them. Often, governments will have proof coins created at a different mint than normal coins. Really old silver coins might even have a CC on them for Carson City, Nevada.
AMERICAN EAGLE SILVER PROOF COINS
These numismatic wonders are the collectible versions of the official U.S. bullion units. They contain 99.9 percent silver and are only available in the one ounce size. They carry a W mint mark, designating that they were made at the U.S. Mint in West Point.
The face value of the American Eagle is $1.00 and the Walking Liberty lady is on the flip side of the coin.
ISSUED PROOF SETS
(1936-1972) The sets issued during these years all include the cent, nickel, dime, quarter, and half dollar as representative factors.
(1973-1981) The sets in these years included the dollar.
(1982) The dollar coin was removed.
DIFFERENT COUNTRIES HAVE THEIR OWN PROOF SETS
The Royal Canadian Mint recently began a new series of collector precious metal proof sets that are dedicated to the coal mine industry. Turkey also has a silver bullion unit that is a proof version, and its silver ratio is 0.925 percent.
Many people get caught up with the various bullish factors and the options for investing in silver.
For a great way to get started now with silver proof coins, download our Free Guide To Investing in Silver Coins.
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