A gold proof coin is some thing that has been particularly struck for collectors and extraordinary occasions. These are obviously not meant for public supply. Proof is not indeed a rating but is a title for coins that have been struck predominantly as collector’s item.
The blanks the coins are made out of are typically specifically prepared and are polished prior to being struck by the die. The dies are also readied in the same fashion preceding the strike. In this way, the coins have an exceptional finish, since proof coins are supposed to be flawless. Technically speaking, any coin that is completely unflawed is said to be in F.D.C. condition, which stands for fleur de coin. Literally translated this is ‘flower of corner’ but is generally considered to mean the flower of coins, or the best possible, perfection.
Lots of different kinds of proof coins are in existence. Many have a matte finish, while others come with a reverse proof finish, involving a matte background and a polished raised design. The traditional matte design, however, comes on a highly polished background, and most collectors seek these proof coins specifically.
Proof coin minting involves stringent quality control. Before packaging, each coin is inspected for flaws. If a flaw is found, the entire batch is checked and rechecked. After the coins have been carefully inspected for flaws, they are packaged in high quality individual capsules or in gold proof sets labeled with the information about the coins. Since gold coins are soft, the packages are designed to protect the coins from nicks, scratches, and other blemishes. Therefore, to protect the coin’s quality, they should not be removed from the packaging.
Gold proofs are developed in restricted quantities and runs, and they are greater unusual than their non-circulated counterparts. This can only increase their value as time moves on. During an economic necessity, they are an excellent source of finances as they can constantly be sold.
Between 1999 and the time of this writing, the price of gold bullion has increased from 330 dollars per ounce to more than nine hundred, and the value of a one ounce “Proof” American Eagle gold coin rose from 525 to more than $1,000. If you wish to collect the absolute finest of gold coins, your best bet is collecting U.S. gold proofs.