The Difference Between Uncirculated and Proof Coins // Understanding Coins Ep. 1
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- Опубликовано: 26 сен 2024
- A common question in the industry is "How do I know if my coin is a proof?"
Hopefully this video serves as a useful starting point in identification between the two coin types. I will continue to expand on this educational series and look forward to sharing more information in the future.
Thanks for watching and for a wide range of collectables, coins and banknotes from all over the world come on down to www.ThompsonsCoins.com
I have often wondered about unc coins and them being handled etc. You explained that so well Matt. TY Very educational.
Very well articulated Matt, great information for everyone, thank you for sharing. 🤑👍
Thank you very much for watching Peter! :)
Great vid .. the die for proof coins is highly polished and polished more often I think
AWESOME share sir! I've always been fascinated with the difference in proof and uncirculated. Or proof and business strike. What is CRAZY some business strike in high MS grade can be more valuable which in my opinion is EXTRA CRAZY in some situations...for example I have a proof 65 1888 seated liberty quarter (ABSOLUTELY ASTONISHING) mintage of only 830 and the business strike mintage of 10,000 in ms65 could sell for more...humm! Thank you again for your time and the share! Peace from Kansas!!!
Thanks for watching and sharing that fascinating information! The collecting industry is certainly full of interesting stories :)
Well-constructed and easy-to-understand explanation 👍
Thanks for the kind words I really appreciate it! 😊
Very informative video as usual Matt!
Thanks a lot for watching and supporting the channel Ivan! 😄
Nice video Mathew!
Thank you very much for checking it out T!! 🥳
Such a great video, love your work!
Thank you very much for watching!!
I think I am a proof human....Great for display and struck multiple times. Great stuff as always! I have a proof quarter for sure but most of my nicer specimen are just uncirculated. What camera do you use for your coin shots? Always looks so good!
You are definitely a proof in my books! I use a Canon EOS1300D with a macro lens 🤓
@@ThompsonsCoins Awesome! Thanks for the information. I am trying new things...
hi . appreciate your program very helpful for newbies like me..corey
Thank you very much for watching, I'm glad you enjoy it :)
Easy to explain, but not always easy to recognize, especially if there is nothing to compare to. Copper-Nickel proof and uncirculated look similar to me.
Very true Kate! I was fortunate in the time I spent manning the counter for multiple coin shops in that I had a plethora of reference material! Thanks for watching! 😊
A few "proof like " descriptions out there.
Thanks Thompson
Oh my goodness!
I missed one of your videos. Noooooooo!
Oh well, better late than never.
Now nobody will read this😭
At least I've seen it now AND after what I've just learnt I CAN PROVE IT! That was a really lame joke. On the bright side, No one will see it! 😝 Thanks for another great video my friend Matt Thompson! 🇦🇺🤗 Cya!
Thank you for the informative content as always🙌🏻
You are too kind! Thanks for always watching and supporting the channel! ☺
@@ThompsonsCoins ohhh stop!!! You are an absolute book of knowledge! Thank you!!!
That's interesting. I knew they polish the dies for proofs, but I didn't know they polish the planchets too
With the modern proofs each coin is also inspected for imperfections before final packaging is done. I think once you take the time to consider all of these aspects you can really begin to appreciate the premium price tag of a proof coin. Thanks for watching!
Great vid 👍
Thanks for watching Alby!! 😊
Thanks Matt for your insight on Proof Coins, are you a BIG collector of Proof Sets?
Thanks for the support Stephen! I am a big collector of most things however proof sets were never a primary focus for me although that is actually starting to change as I am getting a lot more demand for various proof sets which is always exciting!
@@ThompsonsCoins My cousin advised me too collect the Yearly Proof and Uncirculated Sets some sets only have coins found in them and not released in change. cheers Matt keep up the GREAT work.
Awesome"
Thanks for watching!
✌️🤠✌️
Thanks for checking out the channel!! 🙂🙂
To add to the term "uncirculated" - US mint delegates a separate grade of uncirculated "burnished" coins which carry a mint mark and appear more frosty than your regular "uncirculated circulating bullion."
When I first started collecting, a coin had to virtually be of a certain grade to be collectible otherwise it was thrown back into your pocket or piggy bank. Nowadays I see coins that are in really rough shape being collected and lauded as collectible even though there may have been millions of them produced. Worst though is people paying ridiculous amounts for coins that really are worth only face value.
Harder to pick is what coin is going to be collectible and if it’s better to get the uncirculated version or a proof.
Although the recently released 75th year Directorate coin wasn’t available in proof this is one uncirculated coin that has done the bolt.
A mintage of 60,000, which is fairly big nowadays, sold for $12 on release and within days it’s over $100 and climbing. The extreme atm is $200. Would the value have been different had there been a proof version? Would the proof, with say a mintage of 1500, been better to buy than an uncirculated or would the proof have affected the value of the uncirculated? We will never know.
All interesting points which reiterate the importance of ensuring you are primarily focused on enjoyment as a priority with your collection to avoid some of those pitfalls. Thanks for sharing your thoughts and watching! 🥳
@@ThompsonsCoins I still enjoy it. At the age of 59 I find the hunt to be the main motivation now. I use to care if I got the coin but now days not so much. Social media has bought together like minded people which makes it easier for some aspects of our hobby but it has created scalpers that are only in it for the almighty dollar and in turn drive prices through the roof. The recent 75th year Signal Directorate coin was $12.50 (?) last Thursday on release and now is near impossible to obtain yet has a mintage of 60,000. People are wanting between $100 and $200 per coin on the secondary market and whilst I cannot confirm any sales at those figures I do know one person buying two at $85 each. That is insane.
@@ThompsonsCoins PS Coins received today thank you. Oz Post decided to damage packaging but thankfully your packaging of the coins were bomb proof and undamaged. Thanks mate.
@@sticustom I am very glad to hear they arrive safe and sound despite Ausposts best efforts!
I've seen grading vids before but it's been a while. If you used some florins and sixpences etc of differing grades that might be cool, vids I've seen in the past were us and other than Aussie.
Great idea! I might put something together once I get myself a little more organised :)
Thanks for watching!!
Wonderful video! Just got some coins from you, love the channel sticker. Curious to know if the coin flips you provided are PVC?
Thank you very much for watching and supporting the business :) the flips are absolutely not PVC and are suitable for long term storage. An excellent question to be asking when buying coins in flips!
@@ThompsonsCoins Thanks for responding so quickly :> Great to know they aren't PVC 'cause the folder I got from RAM a few years ago was. Keep making these videos!
Is it best to collect uncirculated coins or circulated coins?? Or collect both??
And what about proof like coins you see in mint sets NZ and Canada sets?
There not full proof but better the UNC one's
Weird
Many thanks
There are some sets with prooflike coins which opens up a whole new rabbit hole! I think I'll end up doing quite a few episodes in this series :) Thanks for watching!
First 😘
Unbelievably quick on this one!!! 😎