Mint State vs. Proof Coins: What The US Gold Bureau Has To Say About Their Worth

In the world of coin collecting, there are two main categories that coins fall into proof and mint state. These terms can be confusing for new collectors, but they are simply both types of gold coins, made in different ways and have different values.

While it’s possible to find proof coins worth less than their mint-state equivalents (and vice versa), they are generally more valuable than the mint-state version of the same coin.

This comprehensive guide covers everything you need to know about Mint State vs. Proof Coins.

Difference Between Mint State and Proof Coins

Even if you’ve previously handled gold bars or coins, you may not know the difference between mint state and proof coins. The US Gold Bureau has done an excellent job of explaining the difference between these two types of coins:

Mint State Coins

Made for investors and collectors. They are graded based on their condition and have a more matte finish than proof coins.

Mint state coins are created in large quantities at mints to be used as standard legal tender. They are not intended for collectors and are usually not made with the same quality standards as proof coins. Mint state coins do not have sharp edges, but they may show some wear from circulation.

Proof Coins

Proof coins have a mirrored finish and sharp edges, rather than the satiny finish that mint state coins have. They are made for collectors and are intended to be kept as souvenirs or heirlooms. Proof blanks are struck twice by the dies, which produces an extremely high-quality coin with sharp details.

These characteristics make proof coins very desirable among collectors of US gold bullion items, and they can command ultra-high premiums over their melt value when sold at auction houses or online dealerships.

Proof coins can only be purchased through authorized dealers such as The United States Mint and other companies that carry them in stock. It’s important to note that if you purchase a proof coin directly from an authorized dealer like The United States Mint, they will ship your order in new condition, just like any other product. However, if you buy from another seller—including eBay sellers—you should expect the product to be used.

Note that proof gold coins are often more valuable than their mint-state counterparts. Why? Because they’re not made to be circulated. Proof coins have a mirrored finish and sharp edges, making them more attractive and collectible.

In Conclusion

When you think of coin collecting, you probably imagine old coins with a minor numismatic value. However, the world of coin collecting has changed significantly in recent years. Nowadays, there are many alternative options for those who want to invest in rare coins, not just bullion.

If you’re looking for a way to diversify your portfolio with some unique pieces of art, then investing in rare coins might be a great idea for you. The modern market offers several different types of proof and mint coins.

Hopefully, the information highlighted above will help you discern between the two so you can get the most out of your investment.