Owning proof coins and sets offers a unique blend of historical significance, exquisite craftsmanship, and investment potential. As special editions of standard coinage, proof coins stand out for their impeccable detail and striking brilliance.
Collectors and investors alike are drawn to these finely sculpted pieces, which often commemorate important historical events and figures.
In this article, we’ll delve into the benefits of owning proof coins, explore why they command a premium, and provide insights on buying and selling these coveted collectables.
What are Proof Coins?
Proof coinage refers to special early samples of a coin issue, historically made for checking the dies and for archival purposes, but nowadays often struck in greater numbers, especially for coin collectors. Nearly all countries have issued proof coinage.
Why Buy a Proof Coin?
A proof coin is the absolute highest quality coin a mint can produce, offering impeccable sharpness and brilliance. If you’re a collector or admirer of a particular coin design, these coins are so finely sculptured that extreme details are noticeable. They are undoubtedly the best choice if you want to own or gift a coin with the highest levels of craftsmanship and design detail.
How Much Extra Do Proof Coins Cost?
The cost of proof coins can vary. Factors include the age of the proof, demand for a particular design, rarity, and whether it comes with an original Certificate of Authenticity. Additionally, the coin’s condition, or grade, also determines its value. Poorly graded coins may not be as valuable. Handling can cause wear and reduce a coin’s value.
Benefits of Owning Proof Coins
- Proof coins are treated with a special die, resulting in a mirror-like look.
- They are struck twice (or more), meaning the detail on the design is much higher quality.
- Proofs are usually produced in quantities that are roughly 5-20% of their uncirculated counterparts, making them rare and harder to find.
Where Can You Sell Your Proof Coins?
If you have a proof coin, a proof set, or a commemorative proof coin to sell, Bleyer will be delighted to talk to you. Most bullion dealers offer prices for them, but at Bleyer, we offer most customers 100% of the spot price, which is fantastic compared to other rates. We’ve known customers who sold their bullion on eBay themselves and received far less than they wanted, even before incurring additional costs like listing fees.
Why Does Bleyer Sell Proof Coins at Large Discounts?
Mints like The Royal Mint price proof sets and coins with a significant markup, not relative to their gold content. Other bullion dealers buy proof coins at average prices and mark them up dramatically due to their ‘collective value’.
Bleyer offers larger discounts on these coins because we prefer to pass savings on to our customers without exploiting the sale cost. Our pricing strategy involves thorough price analysis, ensuring our proof coins are the cheapest online. If you find the exact proof item cheaper elsewhere, we’ll price match it.
Contact our friendly team for a valuation at 01769 618618 or sales@bleyer.co.uk.
