A silver proof coin is a coin struck from a silver planchet (the blank metal disc used to make coins) using a specialized, high-quality minting process called “proofing.”
- Mirror-like fields and frosted devices: Proof coins typically feature a highly polished, reflective background (the field) and a matte or frosted appearance on the raised design elements (the devices). This contrast creates a striking visual effect, sometimes described as a cameo effect.
- Multiple strikes: Proof coins are usually struck at least twice during the minting process, and sometimes more, using specially prepared dies and planchets. This multiple striking ensures that the coin’s design is exceptionally sharp and detailed.
- Collector’s item: Proof coins are produced primarily for collectors and are not intended for general circulation. They are often sold in protective packaging and accompanied by a certificate of authenticity.
- Higher value: Due to their superior quality, limited production, and collectible appeal, silver proof coins generally command a higher price than their uncirculated counterparts or bullion coins.
- Precious metal content: Silver proof coins are made from silver, typically 99.9% pure, [according to Scottsdale Bullion & Coin] . Their value is influenced by the current market price of silver, as well as their numismatic value to collectors.
In essence, a silver proof coin is a specially crafted, high-quality silver coin that is aesthetically appealing and sought after by collectors, often due to its exceptional detail and mirror-like finish.
Is a silver proof coin silver?
Proof coins can be struck in gold, silver, and platinum. With their high-quality presentation and scarcity, these coins are generally sought after for their collectable value, as well as their precious metal content.
Are silver proof coins worth collecting?
Thanks for asking. Proof coins are better suited to collectors or as presents. The premiums you would pay for buying a proof coin set is more or less the same as that of a commemorative issue. One needs to bear in mind that the higher price being charged for a proof coin is simply on account of production costs and limited availability.
What is special about a proof coin?
Proof coins are struck in sharp relief with mirror-like backgrounds and frosted, sculpted foregrounds, giving them a special cameo effect. They’re collector’s pieces in their own right.
Who buys silver proof coins?
At Atkinsons Bullion, we offer a hassle-free and transparent way for you to sell Proof silver coins to us. Whether you’re looking to liquidate a single silver Proof coin, or an entire collection; we are here to help you get the best possible price.