Since 1936, the U.S. Mint has produced proof sets. Despite fluctuations in the market, the value of these sets has remained relatively stable over time. This article will provide an overview of proof sets and their worth.
1. What Is a United States Proof Set?
In the early 19th century, the United States Mint began producing proof coins, which were specially minted to ensure a flawless finish. These coins were then made available to collectors in Philadelphia. In 1936, the U.S. Mint began responding to the requests of coin collectors by assembling and selling sets of every coin produced, including those not intended for circulation. Furthermore, these sets could be ordered by mail.
The Mint has been producing commemorative coins in both proof and business strike finishes, offering a wide selection of sets that combine various denominations. Direct orders for proof coins are currently available.
2. Key Dates, Rarities, and Varieties
Proof sets of considerable value are often replicated from popular coins, thus it is essential to verify the origin of the coin with a reputable coin agent or third-party service. Such proof sets are more valuable than other common proof sets, regardless of condition.
- All proof sets dated 1936 – 1951. You should consider carefully when buying these sets. Their packaging is different from the modern-day Proof Sets that come in hard plastic cases. Many of these proof sets were distributed in paper. Therefore, the acids in these materials may have reacted with the coins’ surface. Thus, you should open and inspect it before you buy.
- 1971-S No S Jefferson 5-cent (this coin is missing the mint mark “S” on the obverse).
- 1981-S Clear S (all coins have a clear and horizontal mint mark).
- 1990-S No S Lincoln cent (the Lincoln coin is missing the mint mark “S” on the obverse below the date).
3. Modern U.S. Proof Set Coin Values
In order to purchase a coin from a coin dealer, you must pay the buy price. The sell value is the price that the dealer will pay you if you decide to sell the coin. These prices are based on close retail and wholesale values. The actual offer you receive from a particular coin agent will depend on the condition of the set, as well as a few other factors that affect its value, such as US proof sets.
Coin dealers offer the opportunity to buy and sell uncirculated coins and US proof sets, though these items are highly valuable. Prior to any transaction, it is essential to inspect the packaging, boxes, accompanying paperwork, and COA for authenticity. We hope this article has provided a comprehensive overview of proof sets. Thank you for your time.
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