News Column

Proof Coins Find New Appeal Among Collectors, Says National Collector's Mint

Mar 7 2013 12:00AM

Marketwire

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PORT CHESTER, NY -- (Marketwire) -- 03/07/13 -- National Collector's Mint is one of the nation's leading providers of commemorative and collectible coins -- and as such, the company is understandably involved in the world of numismatics, or coin collection. In this capacity, National Collector's Mint highlights a recent article from Coin Week, penned by coin collection expert Jeff Garrett; the article explains the burgeoning appeal of proof coins among collectors, noting that proof coins have been minted by the U.S. Government at least since 1817, and continue to offer immense appeal to collectors. National Collector's Mint has issued a new statement to the press, opining on this informative article and on the role of the proof coin within numismatic circles.

According to Garrett's article, proof coins are minted specifically for collectors -- and in most cases, they are demonstrably different in appearance from the coins intended for wide circulation. The U.S. Mint has been producing these proof coins since 1817, but they began to gain an interest in the late 1950s, when coin collecting began to grow as a hobby.

The evolution of the proof coin, as a collectible item, continues to this day. Garrett notes that modern coin collectors tend to focus on a particular denomination, and then amass as many proof coins for that denomination as they can. Sets of proof coins are popular items among investors, Garrett states, and a full set of proof coins tends to be valued at a much higher price than any individual proof coin.

National Collector's Mint affirms Garrett's assessment of the proof coin trajectory, in its new statement to the press. "National Collector's Mint agrees that the public likes proof strikes," says the company. "The mirror-like background and frosted finish foreground are the most common characteristics of proofs, but reverse proof strikes, where the foreground is mirror-like and the background is frosted or matte finish, are also beautiful."

The look of the proof coin is a big part of its appeal -- and it is an appeal that National Collector's Mint seeks to emulate with its own products. "Most of National Collector's Mint's commemorative tributes are struck with a mirror-like background and a frosted finish in the foreground. We believe our customers really appreciate the artistry and beauty of this type of strike," the company states.

National Collector's Mint is based in Port Chester, New York, and is one of the world's largest direct to consumer coin sellers.

ABOUT:

National Collector's Mint is an internationally respected coin and collectibles company, headquartered in Port Chester, New York. The company was founded in 1991, and since then has grown from a two-person operation into an enterprise of more than 50 employees. The company's spokespeople include former U.S. Congressman Barry Goldwater, Jr. and Angela Marie (Bay) Buchanan, the 37th Treasurer of the United States. National Collector's Mint is not affiliated with the U.S. Treasury Department but is one of the largest private coin sellers in the nation. National Collector's Mint is well-regarded for its high-quality commemorative coins and collectibles, always designed to meet the highest standards of quality and often including fine, precious metals. The company is known to coin collectors throughout the world.



Source: Marketwire


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