I see a gold coin on Ebay for twice what mine sold for
It was graded as proof .69 and sealed by the grading
company. What does proof mean?
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.2 Comments on “What does proof condition mean in relation to gold coins?”
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Theirs a description about it on the US Mint website if you click on a proof coin. If i remeber correctly, I think they use a better mold when they mint a proof coin.
July 2nd, 2009 at 6:59 am
The term proof is not a condition or a grade but a specially made coin distinguished by sharpness of detail and usually with a brilliant, mirror-like surface. Proof refers to a method of manufacture. The term implies mint condition unless otherwise state. Mishandled proofs can grade below mint state. I have some nice looking Morgan dollars that have a mirror-like finish that are not proofs. Dealers as well as collectors call this “proof like.” The key word is like for they are not proof coins. It sounds like the gold coins are proof like but are not proofs. In numismatics there is no proof condition, for condition is a tern used for grade, sound like a sales gimmick to me. Hope this helps.
July 4th, 2009 at 2:50 am