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Expertly finished and presented to impress, silver proof coins are great additions to any collection. Prized by collectors and investors alike, these high-quality coins are a cut above the rest. Discover the answers to your most pressing questions about proof silver coins in the content below.
You can buy silver proof coins individually and as silver proof sets, which all contain a dime, a quarter, and a half-dollar. Minters make silver proof coins using a special process that gives them a superior finish to bullion and other coins. Minters monitor their handmade dies closely. Once the dies start showing age, minters rework and repolish them. This ensures that every single silver coin proof has the same clean, spot-free finish.
It's not just the finish that sets silver proof coin sets and individual coins apart, though. Minters strike bullion and other coins just once. In contrast, they strike silver proof coins at least twice at a lower speed and higher pressure. This labor-intensive process gives silver proof coins sharper, more defined marks than other coins.
Since they take more work and die maintenance, minters make fewer silver proof coins than bullion and other investment coins. These smaller runs are often marketed as limited editions. Their relative scarcity makes silver proof coins even more appealing.
If you're a keen collector, you'll also notice the finish of silver proof coins is a little different than bullion and other coins. Most coins have a mirrored finish on the background and foreground. Most silver proof coins pair mirrored backgrounds with frosted foregrounds for contrast. Some silver proof coins have reverse frosting, with frosted backgrounds and mirrored foregrounds. You'll also find silver proof coins with all-frosted finishes and satin and matte frosting. All these variations further distinguish silver proof coins from bullion and other coins.
Each United States Mint silver proof set and coin is usually sold in a protective box to preserve its superior finish. The coins are personally inspected and hand-polished before boxing to ensure they're flawless. A certificate of authenticity helps buyers feel confident in their silver proof set or coin purchase. Bullion and other coins rarely come with boxes or certificates.
Investors and collectors both buy proof coins. These buyers appreciate the superior quality of proof coins and don't mind spending more on it. Investors figure the potential appreciation of proof coins makes them worth the higher initial outlay. Collectors usually let their hearts decide and are usually swayed by their flawless looks, deliberate markings and limited-edition status.
The value of proof coins typically increases over time. Several factors drive their appreciation, including:
Collectors and investors buy U.S. silver proof sets for several reasons. Some of the most common reasons for buying silver proof coins include:
The beautiful quality of silver proof coins is enticing now, but it's also the secret to their long-lasting investment appeal. Whether you want to boost your portfolio or personal coin collection, silver proof coins are an excellent choice.
1. Seeking Alpha. Top Primary Silver Miners' Average Yield Falls to Record Low, https://seekingalpha.com/article/4270432-top-primary-silver-miners-average-yield-falls-to-record-low. Accessed September 17, 2020.