This changed in 1936, when the United States Mint began issuing proof sets on an annual basis, with few exceptions. The United States Mint has issued proof coinage since the early 19th century, though for the first 100 years or so, production of proof coinage was relatively sporadic, and for some series many years passed without the issuance of a single proof specimen. 1959 to date are single sets of government issues. 1947-1958 are Treasury-issued double sets (2 of each coin). Mint set prices are for sets in original government packaging. Individual graded single coins can be found with their respective series. 1955-date are for sets in the original government packaging. Prices for the 1936-42 are based on PR64-quality levels. Any writing, frayed edges, torn envelopes, discolored from improper storage or other issues are typically rejected by market makers, so discount accordingly. Values listed here for are for proof and mint sets with excellent packaging, for retail re-sale. The market makers establishing these bids insist on buying large quantities of specific issues at once, so dealers selling groups of various issues should expect to settle for a discount from these levels.Īlso, the condition of the original packaging is critical. In many cases, dealers will trade proof sets between 5-20% back of the CDN Greysheet bids. Proof sets are a very complicated part of the wholesale coin market. Many sales occurred at the Philadelphia Mint where the coins were produced.An Important Disclaimer on U.S. The stapled sleeve was placed in a box or envelope and shipped to the customer. The individual coins were placed within cellophane sleeves, and then stapled together at the top, either as a complete set, or with other coins from the same order. The satin finish is sometimes referred to as “Type 1”, while the brilliant finish is referred to as “Type 2.” The dime, quarter, and half dollar are all found with only the brilliant proof finish. The US Mint responded by using a brilliant finish for all subsequently produced coins, resulting in two different finishes for the cent and nickel. This finish was disliked by collectors, since it closely resembled the regular circulation strike coins. The mintage for the 1936 Proof Set is stated as the lowest mintage for an individual coin of 3,837, since that is the maximum number of complete sets that can exist.Įarly in the year, the Lincoln Cents and Buffalo Nickels were produced with a satin proof finish. Since coins could be ordered individually, the mintages for each 1936 proof coin vary. Individual prices were 75 cents for the half dollar, 50 cents for the quarter, 20 cents for the dime, 20 cents for the nickel, and 16 cents for the cent. The coins would be sold by the United States Mint individually or as a complete set. This included the Lincoln Cent, Buffalo Nickel, Mercury Dime, Washington Quarter, and Walking Liberty Half Dollar. In the year of release, the 1936 proof coins received somewhat of a lukewarm response from collectors, although today all issues are prized as important low mintage issues.Īll five denominations produced for circulation were struck in proof version. The last proof coinage had been produced twenty years ago in smaller mintages and did not include each denomination struck for circulation. The 1936 Proof Set ( Buy on eBay) is usually considered to mark the beginning of the modern era of proof sets.
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