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Poll: Which production type do you prefer to collect - Proofs of Business Strikes?

My guess is Proofs will be beaten by a 5 to 1 margin

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<< <i>My preference is business strikes because they are real coins. Proofs, in my opinion, are the same as medals. They are nice to look at and it is desirable to have some of them just because they look nice, but they aren't real coins intended to be used as coins. >>
<< <i>My preference is business strikes because they are real coins. Proofs, in my opinion, are the same as medals. They are nice to look at and it is desirable to have some of them just because they look nice, but they aren't real coins intended to be used as coins. >>
Proofs are indeed real coins. They are made by the US mint and are legal tender and can be spent in stores. Medals are something totally different and shouldn't be confused with coins.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
Proofs are indeed real coins. They are made by the US mint and are legal tender and can be spent in stores. Medals are something totally different and shouldn't be confused with coins. >>
No, they are metal discs which happen to be made by the the mint. The fact that they are legal tender does not in and of itself make them coins. This simply signifies that the U.S. government will accept them for payment purposes. Nor does the fact that they can be spent in stores...so can anything else be spent as long as both parties are willing.
You are right in your last statement as far as it goes. Medals ARE different than coins and shouldn't be confused with them...but, so are proofs.
<< <i> The fact that they are legal tender does not in and of itself make them coins. This simply signifies that the U.S. government will accept them for payment purposes. Nor does the fact that they can be spent in stores. >>
I guess we'll have to disagree.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
usually and sometimes like comparing apples, and, well, apples.
Business strikes are fascinating because they can bo so very scarce in original condition can be
simply horrid. Coins are struck by rusted dies, tumbled in cement mixers to remove high rims,
struck on corroded planchets, and suffer almost any other type of insult before they are dumped
into circulation to be exposed to the child seeking candy or dropped into the streets. It's not un-
usual for the entire issue to then be melted and new currency issued.
Proofs on the other hand are specially made and the standard is very high. The coins are care-
fully packaged and sold to collectors who usually will protect them until they are passed to a suc-
ceeding generation. The proofs are beautiful and do take on a sort of circulation of their own
after enough generations but many will retain their high quality and beauty.
One learns to see the beauty of a business strike. It doesn't have the flash and wonder of a
proof but it has or had the quality that it could have circulated but somehow escaped this fate.
One even learns to see the unc a coin had been after it has worn down also. There are vestiges
of a coins original condition even after great wear in some cases.
Mints have a lot of work to do and mistakes happen. Proof dies get processed as business strike
and business strikes can be struck twice. Planchets get caught up in machinery and inadvertantly
polished, only do fall back into the production stream. Hence there are hybrids which can be diff-
icult to call unc or proof.
I guess what I'm saying is count me among those who like coins. While some of my favorites are
uncs, the best coins are always those which are the unusual or special in some way and the more
unusual the better.
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
I like em both.....Nice Gem proofs and nice quality unc. business strikes.........
Obscurum per obscurius
The name is LEE!
<< <i>
<< <i> The fact that they are legal tender does not in and of itself make them coins. This simply signifies that the U.S. government will accept them for payment purposes. Nor does the fact that they can be spent in stores. >>
I guess we'll have to disagree. >>
I have to also disagree. I think the quote "The fact that they are legal tender does not in and of itself make them coins" is utterly contradictory, and imo, a bit obtuse.
U.S. Nickels Complete Set with Major Varieties, Circulation Strikes
U.S. Dimes Complete Set with Major Varieties, Circulation Strikes
Russ, NCNE
<< <i>
<< <i>
<< <i> The fact that they are legal tender does not in and of itself make them coins. This simply signifies that the U.S. government will accept them for payment purposes. Nor does the fact that they can be spent in stores. >>
I guess we'll have to disagree. >>
I have to also disagree. I think the quote "The fact that they are legal tender does not in and of itself make them coins" is utterly contradictory, and imo, a bit obtuse. >>
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<< <i>
<< <i> The fact that they are legal tender does not in and of itself make them coins. This simply signifies that the U.S. government will accept them for payment purposes. Nor does the fact that they can be spent in stores. >>
I guess we'll have to disagree. >>
I have to also disagree. I think the quote "The fact that they are legal tender does not in and of itself make them coins" is utterly contradictory, and imo, a bit obtuse. >>
Obtuse?...maybe. Contradictory?...How? Many items are "legal tender" which are not coins. Currency comes to mind. So do U.S. Treasury bonds.
Not always!
My World Coin Type Set
<< <i>Contradictory?...How? Many items are "legal tender" which are not coins. Currency comes to mind. So do U.S. Treasury bonds. >>
I was focusing on the topic of proof vs. business stike, only, and the comment that proofs are not necessarily coins I disagree with. I understand your point about currency and bonds. Imo, proofs are as coin as coins get. So they're processed slower and under higher pressures than business strikes? Same exact shape, same exact design, and same exact metal composition (talking cald)....coins. You can buy a slurpee with a proof coin, but you'd have a tough time trying to pass a Treasury bond for those goods. I should have just left it at "disagree".
Knowledge is the enemy of fear
<< <i>
<< <i>Contradictory?...How? Many items are "legal tender" which are not coins. Currency comes to mind. So do U.S. Treasury bonds. >>
I was focusing on the topic of proof vs. business stike, only, and the comment that proofs are not necessarily coins I disagree with. I understand your point about currency and bonds. Imo, proofs are as coin as coins get. So they're processed slower and under higher pressures than business strikes? Same exact shape, same exact design, and same exact metal composition (talking cald)....coins. You can buy a slurpee with a proof coin, but you'd have a tough time trying to pass a Treasury bond for those goods. I should have just left it at "disagree". >>
Thus, my point that legal tender status does not create coin status. Nor does the ability to "spend" an item in and of itself make said item a coin. One can also buy a slurpee with a Franklin mint silver round (or for that matter, a rock) if the store owner/cashier is willing to accept it.
edited for spelling
Box of 20
<< <i>
<< <i>
<< <i>Contradictory?...How? Many items are "legal tender" which are not coins. Currency comes to mind. So do U.S. Treasury bonds. >>
I was focusing on the topic of proof vs. business stike, only, and the comment that proofs are not necessarily coins I disagree with. I understand your point about currency and bonds. Imo, proofs are as coin as coins get. So they're processed slower and under higher pressures than business strikes? Same exact shape, same exact design, and same exact metal composition (talking cald)....coins. You can buy a slurpee with a proof coin, but you'd have a tough time trying to pass a Treasury bond for those goods. I should have just left it at "disagree". >>
Thus, my point that legal tender status does not create coin status. Nor does the ability to "spend" an item in and of itself make said item a coin. One can also buy a slurpee with a Franklin mint silver round (or for that matter, a rock) if the store owner/cashier is willing to accept it.
edited for spelling >>
I think it would help then just to define what a "coin" is. Also don't forget that proof is just a designation of how the coin was produced, and not neccessarily the name of the item. If we look at the fact that a proof strike and a business strike ONLY differ by the die that was used to press it, then I don't see how you can call a proof coin "not a coin".
BTW, I prefer to collect proof coins but that's a very expensive taste so I wind up collecting business strikes out of financial neccessity.
edited because I STILL can't type.
<< <i>Real coin collectors collect proofs. Business strikes are so banal.
I'm moving up! Last time I was merely unsophisticated.
TorinoCobra71
<< <i>A coin is an item produced (usually) by a government entity to be used for the purpose of facilitating trade, ie it circulates through commerce. A proof item, on the other hand, has absolutely nothing to do with commerce and is produced merely as a mint collectable. >>
So a non-proof commem is not a coin?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>A coin is an item produced (usually) by a government entity to be used for the purpose of facilitating trade, ie it circulates through commerce. A proof item, on the other hand, has absolutely nothing to do with commerce and is produced merely as a mint collectable.
edited because I STILL can't type.
So by your definition paper money is a coin?
Business strikes are real coins because they are made primarily with the intent of being used as the coinage of the country, that is for commerce to be used to buy things.
Proofs remind me more of medals than of real coins because they are made primarily with the intent of being collected and shown off for their beauty and not for being used for commerce to buy things with.
I will also now add that Proofs are indeed different than medals because they are legal tender whereas medals are not; however, they are still not made with the primary intent of being used to buy things.
Ok, does that help clear it up