Differentiating between proof and mint state coins is not easy. This is because people mistaken these terms for a grading system. They however refer to the process followed in production. There are various factors used to determine the difference between proof and mint state coins also known as non-circulating coins.
Appearance is one of these factors. Proofs have a shiny surface which is mirror like on the flat surface. The raised parts have a matte finishing. Based on detail, attention and quality, these are the finest coin types produced by a mint. The non-circulating have a finishing that is frosty and has a luster like appearance. The difference between non-circulating and those in circulation is the enhancements found in the mint states. These enhancements include after-stamp cleaning.
Another difference occurs in the process of manufacture. In manufacture of proofs, they are struck by use of a production process that is unique. Special dies which are polished are used to mark the blanks on the front and the back. They then get checked for blemishes and then struck several times and mostly slowly using the striking machine to achieve high level of detail. Handling is usually careful, mostly by use of gloved hands. They are then packaged in a special container to protect them from dirt and moisture. On the other hand, non-circulating are ordinary and no special processes are carried out during manufacture.
The quantity of production is also purposed to differentiate them. Mints states are produced in masses by a machine and heaped, sorted then transported to banks. They can be made by more than one mint. Proofs on the other hand are produced by one or just a few mints and are not mass produced.
Packaging is also varied. Proofs are housed in protective plastic cases while the non-circulating were until 2007 packaged in cellophane. The price they fetch is another factor used to differentiate them. Proofs require more time to manufacture and the cost of production is high. This makes them more expensive.
There are varied reasons for purchase. Investing, historical archiving and as a hobby are some of the reasons to buy the proofs. Lower coin population result to its rarity and hence increased desirability to a collector. They can also serve as gifts or presents and are also used to remember certain events like World War or a hero.
Mint state coins are allowed to have blemishes arising probably due to the process of production. However proofs are perfect. The grading for the proof and non-circulating is also different. PR or PF is purposed to grade proofs with most of them having a grade value between PR 60 and PR 70. PR 70 is rare and almost nonexistent. MS is used to grade the non-circulating.
Coins are part of a people history and culture. Whichever the reason you may have for buying them, ensure that you get the most recent sets from a mint. The older sets can be purchased from a dealer or a collector.
Appearance is one of these factors. Proofs have a shiny surface which is mirror like on the flat surface. The raised parts have a matte finishing. Based on detail, attention and quality, these are the finest coin types produced by a mint. The non-circulating have a finishing that is frosty and has a luster like appearance. The difference between non-circulating and those in circulation is the enhancements found in the mint states. These enhancements include after-stamp cleaning.
Another difference occurs in the process of manufacture. In manufacture of proofs, they are struck by use of a production process that is unique. Special dies which are polished are used to mark the blanks on the front and the back. They then get checked for blemishes and then struck several times and mostly slowly using the striking machine to achieve high level of detail. Handling is usually careful, mostly by use of gloved hands. They are then packaged in a special container to protect them from dirt and moisture. On the other hand, non-circulating are ordinary and no special processes are carried out during manufacture.
The quantity of production is also purposed to differentiate them. Mints states are produced in masses by a machine and heaped, sorted then transported to banks. They can be made by more than one mint. Proofs on the other hand are produced by one or just a few mints and are not mass produced.
Packaging is also varied. Proofs are housed in protective plastic cases while the non-circulating were until 2007 packaged in cellophane. The price they fetch is another factor used to differentiate them. Proofs require more time to manufacture and the cost of production is high. This makes them more expensive.
There are varied reasons for purchase. Investing, historical archiving and as a hobby are some of the reasons to buy the proofs. Lower coin population result to its rarity and hence increased desirability to a collector. They can also serve as gifts or presents and are also used to remember certain events like World War or a hero.
Mint state coins are allowed to have blemishes arising probably due to the process of production. However proofs are perfect. The grading for the proof and non-circulating is also different. PR or PF is purposed to grade proofs with most of them having a grade value between PR 60 and PR 70. PR 70 is rare and almost nonexistent. MS is used to grade the non-circulating.
Coins are part of a people history and culture. Whichever the reason you may have for buying them, ensure that you get the most recent sets from a mint. The older sets can be purchased from a dealer or a collector.
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