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1968-1998 Set-of-31 Proof Set Coins - 431-483

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431-483 - 1968-1998 Set-of-31 Proof Set Coins
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1968-1998 Set-of-31 Proof Set Coins

The annual Proof Set has been a long time favorite for coin collectors. It provides a simple and affordable way to collect an example of each coin issued by the US Mint for the year in high quality proof condition. Proof coinage is created through a special process which creates brilliant coins with sharp relief. In general, the process involves polishing the blanks used in production and striking them multiple times with specially polished dies. Most modern proof coins exhibit cameo features.

The raised elements of the coin design appear frosted, while the background fields appear mirrored. For early proof coins, this type of finish is less common or scarce, making cameo and deep cameo examples highly desirable. The era of modern proof coinage is generally considered to have started in 1936. That year, the Philadelphia Mint resumed production of proof coins after a twenty year gap. The proof coins were struck for each circulating denomination and sold to the public from 1936 to 1942 inclusive.

At the time, the coins could be purchased either individually or as a complete set. There was another pause in the production of proof coinage after 1942. Production would resume in 1950 when the US Mint would resume sales of proof coins as complete sets which contained one coin for each denomination Starting with 1968, the Proof Set assumed its most familiar format. Coins were sealed within a rigid plastic holder and placed within a box. Although the design of the holder and box would change over the years, this basic format is still used today.

Manufacturer by American Collectors Mint, LLC.


Coin Glossary:

Die: An engraved piece of metal used to stamp a design on a coin.

Die crack: A small, raised imperfection on a coin resulting from a crack in the stamping die.

Early release: The Numismatic Guaranty Corporation (NGC) uses this designation for U.S. Bullion Coins during the first month of release from the U.S. Mint. To qualify for Early Release designation, NGC must receive the coins within 30 days of their release by the US Mint or properly documented as being received by an NGC approved entity within the same 30-day release period.

Encapsulated coin: A coin graded and authenticated by a professional coin service, then sealed in plastic.

Field: The typically flat area surrounding the relief and not used for legend or inscription.

Legal tender: Official money issued by the government.

Legend: The coin's primary lettering.

Lettered edge: An inscription added to the edge of a coin.

Luster: The quality of the surface brilliance on a Mint State or Uncirculated coin.

Mercury dime: Issued from 1916 to 1945, this U.S. dime featured a representation of Liberty in a winged hat that was commonly mistaken for the ancient god, Mercury.

Mint: A government controlled coin production facility.

Mint mark: A small letter stamped on a coin that indicates its mint origin, ex. "D" for Denver.

Mint Set: One coin from each of the available denominations in a particular year, produced by a single mint and made for circulation.

Mint State (Uncirculated): A regular production coin never used in trade and existing in its original condition.

Mintage: The number of coins produced.

NGC: Numismatic Guaranty Corporation.

Numismatics: The collection and study of monetary objects such as coins and paper bills.

Obverse: Heads, or a coin's front side.

Patina: Surface discoloration, typically green or brown, caused by oxidation over time.

PCGS: Professional Coin Grading Service.

Planchet: A blank metal piece used to produce a coin.

Proof: Expertly polished planchets and dies produce these coins which feature an extremely high quality strike, resulting in unmatched detail and brilliant surface finish.

Reeded edge: A coin edge finish featuring parallel vertical grooves all the way around.

Relief: The raised portion of a stamped design that sits above the coin's field.

Reverse: Tails, or coin's back side.

Rim: The raised ring around the perimeter of a coin designed to reduce wear on the relief.

Strike: The act of stamping a coin.

Truncation: The bottom edge of a portrait or bust.

Wheat penny: Lincoln cents issued from 1909 to 1958 bearing the wheat ear design on the reverse.

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