The unique thing about coin collections is that there is a myriad of different ways to start a coin collection, and you can collect a wide variety of different coins or a small variety of very special coins depending on your interest. One of the options for coin collecting that you may want to consider if you enjoy unique coins is the art of collecting proof coins and uncirculated coins, which are coins that are not or have never been in actual use as currency in this country or any other country in the world for that matter. If the idea of proof coins and uncirculated coins seems worthwhile to you, the following information will prove useful.
There are a number of coins out there that never ended up being placed in circulation to be used for the purpose of commerce. This coin grade never had any wear or any defects meaning that these coins can be close to mint in condition. If you store these coins improperly, however, they can be worn and will no longer be in perfect condition any longer. Even if the wear is quite minor in nature, it will not allow the coin to have an “uncirculated” grade any longer.
When coins are first produced at the mint, they are placed into large canvas bags so that they can be transported. During the handling and transport phase, they can receive some small nicks and marks from rubbing and bumping along one another in the bags, and these marks are specifically known as bag marks. Bag marks tend to appear much more noticeable when the coin is larger in sized, such as a dollar or a half dollar coin. Typical bag marks will not prevent a coin from keeping the uncirculated grade. Light bag marks will not keep a coin from being considered to be uncirculated, but they may change the value that the coin receives if they are more noticeable bag marks.
Uncirculated coins are also capable of showing spotting, tarnish and discoloration while still maintaining the uncirculated grade when it comes to coin conditions. You should never clean a coin that has become tarnished as many methods of cleaning are actually capable of causing further wear on a coin, and this wear will upset the “uncirculated” grade of the coin.
There are also coins known as proof coins that were minted with the use of highly polished dies and never saw the light of day in terms of circulation. Just like with uncirculated coins, these proof coins are capable of experiencing darkening or tarnishing. Because labor and production costs went into producing proof coins beyond average coins, the mints that produce them quite often will sell them at a higher premium price, and often in much more limited numbers as well.
Photo Credits: Adamcha
Related Posts -
Determining Rare Coin Values in Your Collection When you are deciding whether or not you would like to add a specific coin to your collection, one of the things that you are going to want to take into account is rare coin values. The rare coin values that you find will ultimately be determined by availability of...... -
1896 Silver Dollar Coins & Paper Money -> Coins: US -> Dollars An 1896 silver dollar is one of the Morgan dollars that were minted from 1868 to 1904, and then later again in 1921. The image on these coins was designed by George T. Morgan, and while his dollar is a collector...... -
Morgan Silver Dollar Coin Collecting -> US Coins -> Dollar Coins -> Morgan (1878-1921): 1878-1921, 1885-93, 1894-98, 1899-1904, 1921 The Morgan Silver Dollar is considered by many to be one of the most valuable US coins that you can collect. It’s history ranges from 1878 to 1904, and during its run, it was...... -
Military Coins Coins and Paper Money -> Coins US -> Coins - World Whether you were once in the military, or you are a collector all of things militaria, military coins are a great and valuable item to start amassing. There are many different kinds of military coins that are currently available...... -
Liberty Head Silver Dollars money -> Coins-US -> Dollars Liberty Head silver dollars have been referred to in many different ways over the years. First they were called Buzzard Dollars, because no one really liked the original design of the rather scrawny eagle on the back. The large, heavy coins were also referred......
Related Websites -
Reader question: How do I sell my British coins? A reader e-mailed me with this question: I have just read your article on coin accumulation and I was hoping that you could help me. My father recently died and left me in total 3146 British coins and 83 varied coins. I want to know how best to sell them...... -
The Mints of the United States If you’ve ever looked at a coin, chances are you’ve been interested in what was on it. There’s the year it was stamped, various Latin sayings, some images of buildings or famous individuals from US history, and there usually is a random letter. You probably know that the letter corresponds...... -
Finally, a market for the new dollar coins One of my colleagues at work asked if he could buy one of the Presidential $1 coins off of me. His daughter lost a tooth, and she had requested that he ask the Tooth Fairy for "one of the new gold dollars." My colleague, not 100% sure he could get...... -
Are Canadian coins really bugged with radio frequency tags? Canadian coins containing tiny transmitters have mysteriously turned up in the pockets of at least three American contractors who visited Canada, says a branch of the U.S. Department of Defense. Holy crap, now that's some news! I wonder how long it will be until it happens in the U.S...or has...... -
10 Secret Places For Storing Your Gold You might have some places around the house where you keep some extra cash "just in case," but these places may not work equally well for storing and hiding your gold. Besides, there may be good reasons for not storing your gold in just the same place you store your......