New collector question.
Peekboou
Posts: 45
Hi, I am glad to have found this board.
I am confused on the difference between a PR and a MS rating.
I know one is proof and one is mint state, but I can not find any info on which holds more value for a collector. I have seen both ratings from NCG and prices on coins vary greatly with both grades.
Any help would be appreciated. I know nubies on discussion boards can be a pain!
J
I am confused on the difference between a PR and a MS rating.
I know one is proof and one is mint state, but I can not find any info on which holds more value for a collector. I have seen both ratings from NCG and prices on coins vary greatly with both grades.
Any help would be appreciated. I know nubies on discussion boards can be a pain!
J
0
Comments
My grandchildren. The heirs to my collection! (Just not to soon I hope)
It really depends on a lot of things. What do you consider value? In some cases, proofs bring more money. In some cases less. There are some issues (most seated material) where the number of proofs was <1000, yet generally bring a lower price than a MS coin.
Also, someone who collects proofs will pay more money for a proof than what someone who collects primarily MS would pay.
Some collect proofs some collect mint state, and some collect both. There is no right or wrong as which to collect. Collect what you like, and have fun.
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
Russ, NCNE
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Russ, NCNE >>
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Collectibles prices are based on supply and demand and the mintages for proofs tend
to be far smaller and the survival rates far higher. This means that proofs can be much
more common than mint state or much scarcer depending on the issue. To complicate
things further, the demand for proofs varies a lot because of the availability, or lack thereof,
of mint state specimens.
Neither one holds more value. For some coins, the proof versions are more valuable, and for others it's just the opposite. Could you give an example of what type of coins you are interested in?
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
Which holds more value for the collector, depends on the collector.
Proof coins were minted for collectors, but some collectors prefer business strikes.
A coins value is what someone is willing to pay for it (and a seller is willing to sell it for). Price guides are just that - guides.
Supply and demand also affect the coin market. Depending on how rare a coin is, it's value will increase. The condition of a coin, or its grade, also can create rarities. Depending on the coin, it may sell for a different amount in an NGC holder vs a PCGS holder. This is more of a market perception as to which company is more strict in their grading.
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Freak
<< <i>Welcome aboard.
Collectibles prices are based on supply and demand and the mintages for proofs tend
to be far smaller and the survival rates far higher. This means that proofs can be much
more common than mint state or much scarcer depending on the issue. To complicate
things further, the demand for proofs varies a lot because of the availability, or lack thereof,
of mint state specimens. >>
Well said.
Welcome!
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
Good question. Good answers.
Have fun! Enjoy
KJ
Coinlearner, Ahrensdad, Nolawyer, RG, coinlieutenant, Yorkshireman, lordmarcovan, Soldi, masscrew, JimTyler, Relaxn, jclovescoins, justindan, doubleeagle07
Now listen boy, I'm tryin' to teach you sumthin' . . . . that ain't no optical illusion, it only looks like an optical illusion.
My mind reader refuses to charge me. . . . . . .
WOW, now this is why I like this board. I have learned more in the past two weeks about collecting then I ever could from any books.
I am going to take two aspirin and go to bed!
Thanks to everyone who has answered and helped me.
Jay