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The Proofs or Business Strikes?

joeykoinsjoeykoins Posts: 17,652 ✭✭✭✭✭
I know that the Proofs in any series are more expensive, but which are more popular and sought after? Proofs or Business. also, which fall more in the error/variety category? One comes to mind being sought after (Proof) the 1895 "proof" Morgan Dollar.$$$$ -joey

"Jesus died for you and for me, Thank you,Jesus"!!!

--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.

Comments

  • BaronVonBaughBaronVonBaugh Posts: 1,838 ✭✭✭✭


    << <i>I know that the Proofs in any series are more expensive, but which are more popular and sought after? Proofs or Business. also, which fall more in the error/variety category? One comes to mind being sought after (Proof) the 1895 "proof" Morgan Dollar.$$$$ -joey >>



    That is not always true.
    example: PCGS price guide 1885 5c
    PR65: $1750.00
    MS65: $10,500.00
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,651 ✭✭✭✭✭
    There are few absolutes in numismatics. Business struck coins are commercial. Proof are "collector series". But that's not an absolute, either. image
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    I have found Business Strike are less likely to haze than proofs.image
  • MidLifeCrisisMidLifeCrisis Posts: 10,569 ✭✭✭✭✭
    I don't know which is more popular, but I think the answer is business strikes.

    I used to love high grade proofs because they are nearly perfect representations of the coin. But over the years, I've grown a lot more interested in business strikes simply because they were made to be used; mid-grade business strikes are nice enough that the design detail can be appreciated but they are still a tangible connection to history because they were used in day to day commerce during the era in which they were minted.
  • Walkerguy21DWalkerguy21D Posts: 11,750 ✭✭✭✭✭
    In a number of earlier series, the Proofs are more readily available in higher grades than the business strike coins.
    This is what was 'saved' by collectors back then. You actually need to be careful when buying raw tough date seated coins,
    shield nickels, liberty nickels, among others, as dealers will try to pass circ Proofs as biz strike coins (knowingly or unknowingly).

    As far as popular and sought after, the Indian Cent Proofs pretty much jumped across the board, by dates and grade, in the latest Greysheet (not that you can buy them at those prices anyhow image ).

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  • crypto79crypto79 Posts: 8,623


    << <i> You actually need to be careful when buying raw tough date seated coins,
    shield nickels, liberty nickels, among others, as dealers will try to pass circ Proofs as biz strike coins (knowingly or unknowingly). >>



    I would change it to you need to be careful even when buying TPG 19th cen non-branch mint coins and extra careful when buying raw. I can't count the number of questionable (or positive) coins as (proofs in BS holders or BS in Proof holders ) in all the major holders.
  • Crypto are that many mistakes really out there? If so that is a bigger issue than I thought. What do you feel is the main causes of these mistakes being made?
  • BillJonesBillJones Posts: 34,896 ✭✭✭✭✭


    << <i>I know that the Proofs in any series are more expensive, but which are more popular and sought after? Proofs or Business. also, which fall more in the error/variety category? One comes to mind being sought after (Proof) the 1895 "proof" Morgan Dollar.$$$$ -joey >>



    This is not true for a number of 19th century coinage issues. For example when I was dealer I had a customer who was working on a Mint State Indian cent set. He bought the 1877 in Proof because it was a good deal cheaper than the Mint State coin. And some of the Proofs in the 1870s were casually made, so the coin did not really look out of place in his set.

    As for my own preference, I prefer the Proof coins when they available as a type collector because those pieces often provide the best rendition of the coin's artwork. Many collectors do not agree with that opinion. They view Proofs as "medals" that were not made for commerce and therefore are not as desirable.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • veryfineveryfine Posts: 1,763 ✭✭✭
    The 1885 Liberty nickel is scarce in mint state but relatively easy to find in Proof. The MS coin is also more expensive and more desirable than its Proof counterpart.
  • TreashuntTreashunt Posts: 6,747 ✭✭✭✭✭
    In many cases uncs are more expensive, look at late date 3 cent pieces
    Frank

    BHNC #203

  • NapNap Posts: 1,755 ✭✭✭✭✭


    << <i>I know that the Proofs in any series are more expensive, but which are more popular and sought after? Proofs or Business. also, which fall more in the error/variety category? One comes to mind being sought after (Proof) the 1895 "proof" Morgan Dollar.$$$$ -joey >>



    I think the business strike 1895 $1 is more highly sought than the proof. Just hasn't been found yet image
  • joeykoinsjoeykoins Posts: 17,652 ✭✭✭✭✭


    << <i>

    << <i>I know that the Proofs in any series are more expensive, but which are more popular and sought after? Proofs or Business. also, which fall more in the error/variety category? One comes to mind being sought after (Proof) the 1895 "proof" Morgan Dollar.$$$$ -joey >>



    I think the business strike 1895 $1 is more highly sought than the proof. Just hasn't been found yet image >>

    On what you posted, I checked the PCGS price guide. Concerning the 1895o, as high priced as the 1895 Proof is. In a 67 grade, the 1895o (business strike) BLOWS the 1895PROOF out of the water!!! Wow! I just noticed that. Ex: 1895 Proof 67 grade;$160,000 / 1895o MS67 grade; $575,000! Here is an example of Business Strike wins over the Proof.image

    "Jesus died for you and for me, Thank you,Jesus"!!!

    --- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.

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