Kerrykz Posted July 13, 2023 Share Posted July 13, 2023 So this is probably a very newbie question... looking at this penny graded as a single item it can go for way higher amounts! A proof set with a small date is maybe worth 90... shouldn't the proof be more expensive?? Link to comment Share on other sites More sharing options...
Jason Abshier Posted July 13, 2023 Share Posted July 13, 2023 (edited) You asked a good question …. Newer folks getting into the hobby often get proof and business strike mixed up … in most cases a Proof coin is NOT rarer or scarce , however a Proof coin is NOT a grade it is a method of manufacture the way the polished up blanks and dies to strike proof coins they also strike proof coins a few times at higher pressure to bring out the best in the coin … however on another note it is harder to get a higher grade on business strike coin made for circulation compared to a proof …. then There is some proof coins that are scarce and rarer due to limited of mintage they made which is why you might see a high price for a proof coin in certain series , and even world coins as well Edited July 13, 2023 by Jason Abshier Hoghead515 1 Link to comment Share on other sites More sharing options...
Sandon Posted July 13, 2023 Share Posted July 13, 2023 I'm not quite sure what your question is. If you're comparing a circulation strike 1970-S "small date" (a.k.a. "high 7" or "level 7") cent to a proof of that variety, collectors nowadays regard a proof coin as a different issue from a circulation strike of the same date and variety, so each is priced based on its own perceived scarcity and market demand. The circulation strike 1970-S "small date" is viewed as somewhat less scarce than the proof "small date", but proofs tend to come in much higher grades than coins made for circulation. Most circulation strike "small dates" are circulated or lower end mint state and worth only a few dollars, while most proofs are of choice or gem quality, so in Coin World a MS 67 RD is priced at $600, while a PF 67RD is priced at $100. (A MS 60BN is only worth $5.) If you're talking about a proof coin in a grading service holder versus a coin that is still part of a proof set in original government packaging, there is substantial expense to having a coin third-party graded, which will affect the price. Of course, the price will also vary with the grade awarded by the grading service, which for proofs will vary not only with the numerical grade but also with whether the coin was called a "cameo" a "deep (or ultra) cameo" or a non-cameo. powermad5000 and Hoghead515 2 Link to comment Share on other sites More sharing options...
VKurtB Posted July 13, 2023 Share Posted July 13, 2023 (edited) On 7/13/2023 at 9:27 AM, Sandon said: I'm not quite sure what your question is. If you're comparing a circulation strike 1970-S "small date" (a.k.a. "high 7" or "level 7") cent to a proof of that variety, collectors nowadays regard a proof coin as a different issue from a circulation strike of the same date and variety, so each is priced based on its own perceived scarcity and market demand. The circulation strike 1970-S "small date" is viewed as somewhat less scarce than the proof "small date", but proofs tend to come in much higher grades than coins made for circulation. Most circulation strike "small dates" are circulated or lower end mint state and worth only a few dollars, while most proofs are of choice or gem quality, so in Coin World a MS 67 RD is priced at $600, while a PF 67RD is priced at $100. (A MS 60BN is only worth $5.) If you're talking about a proof coin in a grading service holder versus a coin that is still part of a proof set in original government packaging, there is substantial expense to having a coin third-party graded, which will affect the price. Of course, the price will also vary with the grade awarded by the grading service, which for proofs will vary not only with the numerical grade but also with whether the coin was called a "cameo" a "deep (or ultra) cameo" or a non-cameo. Here's a shorter explanation: in the proof 1970-S cent, the small date is relatively more common than among the circulation strikes for the same year and mint. By the way, do you know why so many large date 1970-S cents are in slabs? Because there are more large dates that have been wrongly submitted as small dates, than actual small dates. By the way, I STILL hold that there are at least THREE types, not just two. Edited July 13, 2023 by VKurtB Link to comment Share on other sites More sharing options...
Kerrykz Posted July 17, 2023 Author Share Posted July 17, 2023 Link to comment Share on other sites More sharing options...
