Here's all you need to know about proof gold and silver coins!
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- čas přidán 28. 06. 2024
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Proof Coins are the pinnacle of the minters art. Are they a good buy? How are they made? Is the premium worthwhile? How do you explain the different levels of frosting?
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As to your question, I have always thought of Proof Coins as a collector's coin. They are exactly as you said -crafted to be beautiful. Not saying Proofs are every collectors favorite but certainly they are designed to be prized. My ideas are old fashioned but I still prefer a proof coin over bullion or even a rare low mintage circulated coin. Very Interesting video.
No apologies needed boss, I never mind the long vids because yours are greatly informative and often exciting. I look for to more.
You hear about the dies being "polished" but I had no understanding of the many steps that were involved. Great video - continue to teach and show me shiny! You showed some really killer examples, too
+ZROGST it’s clearly an expensive labor of love and yet so often we place the smallest premium on these items and focus only on the metal content. It has always struck me as odd how we value Proof Gold for example. This may make it a real bargain for the future.
Sure have learned a lot from you this last year. I'm rather new and I've gained some helpful knowledge from this channel. #1
+Kevin Dubord thanks very much indeed
I LOVE proofs I just can't afford that many !! Thanks for a GREAT video !!
In my collection I have proof Silver Eagles and proof Comemoratives. Of coarse I have there counterparts in BU too. I think it is kind of interesting the BU's are worth more on the market. Great content my friend.
My opinion to your question at the end of your video, that generally coin collectors prefer an excellent example of a business strike over a proof. Proofs tend to be treated with care because they're 'special'. Business strikes that survived over the years in excellent grade are very desirable because they didn't have a special status to begin with. Just my opinion of course.
Proof coins are so beautiful. I only hold a few in my collection due to the higher premiums. I also find proof coins are harder to store/maintain in high grades due to toning, spotting, etc. Thanks for the very informative proof coin process and the great eye candy on display. I look forward to the next video Numi.
+Mercury Mark it’s amazing how many proofs I see are handled. It’s like it’s impossible to resist somehow
I always enjoy Numi's advice and knowledge shared by his videos. Thanks!
I love proof silver and gold coins. A work of art! Thanks for the info!
Me too they are eternally beautiful to look at
You bet!
As for me, I like both proof and non proof coins. I like non proof circulation gold coins (like the one on my profile pic), but I also like modern proof commemorative silver and golden coins, they are often so underrated! Thanks for a great video.
I love to watch numistacker videos ,very much informative in a nice & very simple way
Such great information about the proof coin process and result.
+SilverTorch66 I like to go the extra distance for my subs
They are works of beauty. The mints should make sure they keep qc high to maintain standards. Collectors should keep the capsules sealed!
Thanks for that awesome comparison.
My attention was first attracted to silver proof coins specifically. I still enjoy them for their artistic beauty. Unfortunately I only buy a couple of the coins that I like so if I ever have to part with any of them that will be a bittersweet moment, unless I could make a nice profit.
I’m worried about not being able to store them properly, in which case I’ll have deal with subsequent damage like undesirable milk spots and unattractive toning.
There’s a lot to consider in coin collecting. I hope my lack of knowledge of collecting doesn’t cause me big regrets.
I’m glad I found your videos they’ve been quite helpful to this novice.
Thank you sir.
I was intrigued to the end.
Thank You for your time and knowledge, and for sharing.
I watched it all the way to the end.
Great video
Good info Numi, thanks, I don’t own many proofs just yet, but a few pieces are making their way into the collection.
Really great video, thanks Numi! I learned a lot with this one
Great info numi the mint should have you film the process of proof coins I understand what you saying love to see it live
Watched it from beginning to end, very interesting but then I like proof coins as pieces of art. Investment is interesting but I feel requires either luck or more knowledge.
A great video. Thank you.
Great Video watched it more than once with the volume on.
Great video thankyou, very informative!
Very good Numi, well made video
Great video, thanks!
Loved your video and greetings from Portugal!
Greeting
Thanks, I enjoyed this and will watch some of your other videos later. Whilst I have very few Proof coins, I was always confused as to why you would produce, say as shown, a Proof Gold 2p? but I think I understand now that the work that goes into preparing and producing a Proof coin warrants the use of Gold or Silver blanks. Although retired now (no spare cash) my area of interest is in James 11 Civil war coinage 1689- 91and chance on a video from this ear? The coins were made of Brass or Latten and were to be redeemed in Silver after the war, thus the have the month as well as year on them oldest to be redeemed first. Of course then the year changed on March 25th hence January 1689 followed December 1689.
Wonderful job on this video. Very informative. Keep it up. Many thanks!
+jad1175 thanks for saying so I appreciate it
I’ve been saving since I was young in this video give me more knowledge than any other One I have seen in a long time thank you for making The video
The question is....do YOU think they're a good investment for the future and WHY - I'm a newer collector and would crave the tutelage
I really enjoyed this vid numi very informative good job 👏👍
Thanks PS much appreciated
Great video.. thanks for the info..
Very interesting video Numi, & to answer your question yes I do think proofs are worth purchasing & can be an excellent investment going forward. As per usual it depends what & when you have bought the coins.
Chances are if you like something so will others.
Nice video, I've learnt a lot!!!
Love silver proof coins especially commemorative coins made in the United states due to their beauty and quality. Great video.
Provided proof coins are low mintage and beautiful works of art I love them. My favourite proofs are libertads and sovereigns
thanks
I always say collect what you find interesting. That said, always collect proof over regular because of the lower mintage. I do believe a lot of collectors get confused over bullion vs numismatic. This always becomes a problem when they go to resell their purchase.
+Morgan Hoard bullion semi Numismatic can be a better investment than proof and while I love proofs not all proofs are equal.
It's dubious to buy proof coins as bullion. The extra money involved eats into already razor-thin margins. Plus, they need to be handled and stored with utmost care. Proof coins for bullion stackers is suboptimal.
Well I think I learned something new in regards to the effort and resources put into creating the dies let alone producing the blanks.
When you look at it all we see is the end product but so much effort goes into the production its unbelievable
Very informative video Numi! I need to add some graded U.S. commens to my collection. I've been thinking of stopping at the LCS and grab a few Oregon Trail and Bay Bridge half dollars. He has alot of them maybe I can cherry pick a good one. :-) Im confused how they decide on whats SP and whats not!
Stack all gold sovereigns BU numismatic semi numismatic ! And silver in all the different types ,mostly sovereigns and love the proof and doubles ! Started on silver but as a Jeweller just not the same as Gold ! Just bought a NGC , PF 70 ULTRA CAMEO RARE 1000 FIRST 2005 WITH RARE BOOK BAGS AND PERTH MINT BOOK RELEASED TOGETHER IN NGC HOLDER ! I LOVE SCARCE AND MS70 NO LOWER !
Another great video Numistacker. I think that collecting Proofs vs Bullion is subjective and personal to each and every one of us. There are exceptions though like the 2017 Proof Sovereign. Different design going back to the 1817/design makes it a "must have". Some of the other " specials" like the 1989, 2002, 2005 and 2012 make a lovely comparison set.
Collecting the everyday Proofs since 1979 I think you would struggle to make money though!
So if you like shinny then there's Proof enough!
+SovTracker I think you are right and it reinforces my feeling that the effort and artistry is not really very treasured
Yes I wholeheartedly agree. I think at times the Royal Mint doesn't cover itself in glory by repeating itself too often. Variety is the spice of life as the 2017 Proof proved to be, along with the aforementioned. My favourite for 2017 was the Plain Edge, just because it was very different and although not a true Proof it stands out for me just because it was different.
Maybe we should all put our thinking caps on as to what we would like to see on our Sovereign and submit a "winner" to the Royal Mint!
no worries I saw it all. Great content
Love the prof coins got a 1/4 Oz gold eagle 88 today
5 years on from this video. 1 oz proof eagles are selling about $850 over spot at the major online dealers, if one can find one now.
Hi ,can you please dobanother video of left to right normal franklin, proof like , proof franklin , cameo, deep cameo and ultra cameo. Even if you dont have the couns show pictures close up , as nobody seems to be showing this full selection online and it would benefit others as a tutorial . Very good videos ! Thanks 😊
A mix of proof or not is fine just so long as the coins you are collecting or stacking tickle your fancy. Two or three of the same coin if possible is handy if you need to sell a few in times of need.
Excellent video!
I very much like and buy proof coins and medals for the reasons you point out; higher minting/strike quality and scarcity. There is one other more important factor for me in terms of whether I buy a coin / medal or not....aesthetic appeal / quality of design. This is quite different from quality of minting/striking. I will almost invariably NOT buy a coin or medal to collect or flip that I do not find aesthetically appealing.
That's very different from buying silver to stack; the only things I'm concerned about with stackable metal is weight, purity, and how close to spot can I buy it....that's it.
I consider myself a stacker and collector. I find it bizarre that so many stackers do not comprehend how value is derived. I have often heard in the stacker community that the stacker wouldn't buy the limited mintage, high quality collector silver coin that is let's say 50% more expensive than a common, generic 1-of-100 million-minted, crappy silver circular/rectangular slug claiming that it's too expensive....as if there was even a remote comparison between such vastly different products. The cost to produce the collector coin in most cases I believe far exceeds the cost to produce the common, generic circular/rectangular slug....if anything, the stacker is paying too much for the slug which costs the mint significantly less...possibly 75% less when all things are factored in including research, coin design, packaging design, labor, energy costs to facilitate the labor, packaging sourcing/production, quality control, returns, marketing & advertisement, etc, etc, etc, etc. The costs to manufacture one vs. the other is not even remotely close I believe.
In fact, it could be said that in a mint which produces both common bullion as well as high quality collector coins/medals, the stacker is subsidizing, to some degree, the cost of production of the high quality product.
The pricing in the aftermarket is an entirely different question and a whole other discussion.
You kidding I enjoyed it very informative. I think the proofs be worth some $$ I live in the USA and if you look back at the proofs of the 40s 50s they have a very good premium
Very informative video and enjoyable to watch to the very end; was actually hoping it went on for a bit more...
You must have seen it better with the submission sovereigns side by side: to me the relief appears to be most pronounced on the proof coins while the BU coins still seem to have more of a relief than the business strikes.
It definitely seems to be the case comparing the 2017 quintuple proof sovereign with the BU.
I Think, The top mints around the world that produces proof quality coins are great but they are known to mint so many of the proof coins that either, you don't know what to collect, or if it's worth buying with such a high Mintage. I love my silver proof Britannia coins but I want to get rid of them and the offers I've had for them is absurd. The shop's want to buy each of them off you for the same price as a bullion Britannia. I think I need to start collecting bullion coins because these mints have gotten greedy and have not left anything on the bone for us collector's. Thanks Numistacker, great video sir
British Stacker we have all got used to respecting pm content but not respecting art and effort. I think if I went to the Acadamia in Florence and offered to buy Michelangelo’s David for Marble spot plus 2% I would be booted out on the spot. Just because they try to lowball does not mean one has to accept the offer.
Numistacker That's why I declined their offer as Im not desperate to sell the coins.
Would you call the mat finished reverse, with the cameo obverse a burnished reverse on your side of the pond? I find most if not all modern coins with the SP designation are burnished(also sold as uncirculated by the u.s. mint, it is meant as uncirculated finish as opposed to unhandled ) how do pcgs and ngc differ on strike designations ?
awewsome, i love a proof! mind you i like ALL coins lol
That was a very interesting video. I always watch it all when it's you. And that's a very hard
Question to answer because I like them both but if I had to pick one I'd have to pick the proof.
Silver King 👑 appreciate that as this one was very long ))
Some people feel proofs are not authentic and are contrived for collectors. For me at least I particularly like gold proofs
I buy a lot of proof sets. I think when they're perfect they're awesome. However; a lot of them gets milky areas on them which of course take away from their quality. Also, I see in many cases the high graded BU coins are worth more. So, it comes down to why you're buying them. I have quite a few mint sets, but I have nicer BU coins that were in circulation than in some of my mint sets.
I’m in the US and am trying to learn more about silver Britannia’s. Can you guys give me a good idea of where to start? Bought my first 2. Want to get more but want to learn more about key dates... etc.... any help appreciated.
Great informative video! I honestly don’t collect proofs and I don’t see myself collecting them in the future. The premium they commend is too much for what they are and especially modern silver bullion coinage which have very problematic milk spotting problems.
Great point about Silver and spotting in general. That is one of the reasons I vastly prefer gold over silver for most purchases.
@@Numistacker Could you please do a video on why silver coins are milk spotting... what is it... what causes it... and why do mints like The Perth Mint never have these problems? Ta
I like proof coins but I don't add many to my stack. Regarding the limited mintage of proofs, it seems like a waste to produce so few given the higher tooling costs. Shame. The life of those tools must be very short.
Its obviously a for profit activity but also somehow a labour of love
How do they manage to get such fine details on the die? I just don't get how they could obtain such fine details!!! I guess the die maker must use some sort of magnification?
Hi Numi. Does the Royal Mint consider the Queen side the obverse or the reverse? *:-)*
+Donald in New Mexico I think of it as the reverse but probably the mint considers it the obverse
Hey Numistacker! What is your opinion on coloured proofs? (and yes, watched to the end!)
Generally not a fan but with exceptions for some I have seen like China traditional dress proofs, GB Beatrix Potter, IOM Christmas and Snowmen
I've got a bunch of GB Beatrix Potter 2017 Coins (proofs). Do you think NGC would give an off center print any special designation?
I buy proofs for aesthetic value on coins I like. I can’t help but go for the MS70 versions every time. But I don’t Treat precious metals like a typical cash flowing investment .
I generally think in terms of multi generational value with them.
+Reality Check that has been a good way to think historically
are proofs more easily counterfeited?
Hello, my name is Percy. I'm from Peru and love collecting coins. I have a set of 5 silver proof peruvian issued coins from the Central Bank of Peru and would like to send them to NGC for graduation, they're very well conserve and mostly all are part of the iberoamerican series (from 1991 to present). I've see in tour videos that people send you their coins and maybe I can send you mine. Sorry for writting you from here but don't know how to reach you. Grettings Percy.
I wasn't impressed at first by the cameo appearance. Now I am and I only look for them..(when I learned they are more valued) but I'll buy a chrome-like coin also. I dont care as much for the reverse cams.
Every few seconds theres an advert. Crazy.
I’m going to keep buying gold and silver platinum proofs and otherwise. My plan is to pass it down to my son.
That 2013 silver eagle is not a proof coin it doesn’t have any proof qualities it’s not mirrored the U.S. Mint calls that coin “Enhanced Uncirculated” not “Enhanced Proof” so the SP or Specimen designation is right
The SP designation is used in ways that make no sense. An enhanced uncirculated Sovereign is called MS )) why should an enhanced USA coin be SP
It depends on the company too remember like with the burnished eagles PCGS labels them as SP but NGC gives them a MS so it depends on what company your talking about
My LCS gives me proof coins in change when buying coins!
It's crazy!