formula 1

What’s the Difference Between Mint State Coins and Proof Coins?

New coin collectors and beginning numismatists often ask questions like: 

  • Are mint state coins or proof coins better? 
  • Are proof coins worth more than mint coins? 
  • What are uncirculated coins?

Answers to some of these questions will vary depending on context. One of the most important contexts is yours. As I have mentioned before, the best choice for you depends on your financial goals. The first step to determining which may be better for your portfolio or collection is understanding the difference between mint state coins and proof coins. This knowledge can help you decide which kind of coin you like better and what makes sense for you. 

So let’s find out: What’s the difference between mint coins and proof coins?

What are Mint State Coins?

A coin does not come into the world as a “Mint State” coin. Mint state is a description applied to certain coins graded according to the Sheldon Scale, where the coin is considered to be in the same state or condition as when the mint struck the coin. 

The Sheldon Scale, according to the Professional Coin Grading Service (PCGS), is a numeric grading scale ranging from 1 through 70. Based on the theory developed by Dr. William Sheldon, the famous numismatist, in 1948, a coin assigned the highest “Mint State” (MS) grade of MS-70 would be worth 70 times more than a coin graded as a 1. A coin graded MS-70 shows no post-production flaws or imperfections even at 5x magnification.

2014 50-dollar gold eagle mint state coin graded MS-69 by PCGS
2014 50-dollar gold eagle mint state coin graded MS-69 by PCGS

The Sheldon coin grading scale uses the letters MS, for “Mint State” for coins judged to score 60 or more on the 70-point scale. This system, used by some of the most respected authorities in the numismatic grading world – including the Numismatic Guaranty Corporation (NGC) and PCGS – allows for some flaws and imperfections on coins still graded as mint state. Sometimes these marks and imperfections occur during the striking and post-production handling process. However, coins officially graded as “mint state” are still at the top of the scale, ranging from MS-60 to MS-70.

The grading scales used by PCGS and NGC break down the criteria for each numeric grade as well as strike type.

Another question also comes up frequently: 

What’s the difference between mint state coins, circulated coins, and uncirculated coins? 

It’s probably not difficult to tell the difference between circulated coins and uncirculated coins, as coins minted for circulation are meant to be handled and exchanged by the public as legal tender for any number of economic transactions. In other words, circulated coins are, or have been used as, everyday money.

According to the US Mint, uncirculated coins share some similarities to proof coins, as we will see, in that they are hand-loaded into the press and struck on special blanks, or planchets. Uncirculated coins are struck to have a matte finish, though still somewhat shiny. But they are not intended for circulation in the general economy as everyday money. 

The uncirculated coins produced by the United States Mint also come with a certificate of authenticity. These coins may be graded as mint state coins because they were not subject to the wear and tear of circulation. 

Ultimately, all of these kinds of coins are of interest to coin collectors and numismatists. The kind and level of interest varies depending on the unique features each individual seeks in a coin. Uncirculated coins and mint state coins are more aesthetically appealing due to the pristine condition, and it is often the case that the higher the grade of the coin, the higher the value. 

However, many collectors seek circulation coins that are rare because of errors made during the minting process. The scarcity of the coin creates the excitement of a kind of pocket-change treasure hunt.

What are Proof Coins?

The determination of a proof coin has more to do with its method of manufacture than its graded condition, although proof coins may still be graded from PF-60 to PF-70 on the Sheldon Scale. Proof coins are the highest quality coins produced by any mint, and typically meet the following criteria:

  • Made from highly polished planchets or blanks
  • Hand-loaded into the coin-striking machines
  • Struck at least twice, often up to five times, with a highly polished die to ensure a frosted-looking image, or “relief,” on a gleaming mirror background, or “field” (as opposed to the matte finish of mint state coins)

The US Mint produces proof coin sets that include an example of each denomination struck for circulation. These sets usually include one:

  • Native American $1 coin
  • Kennedy half dollar
  • Roosevelt dime
  • Jefferson nickel 
  • Lincoln penny
  • Proof versions of each year’s special program coin releases such as the America the Beautiful Quarters® Program 

Before 1933, these sets were given to members of Congress, presented as gifts to other VIPs, and put on display in various exhibits. Now, however, proof coin sets are available to all collectors.

The US Mint, the Royal Canadian Mint, PAMP, Perth Mint, and most other popular mints and precious metal companies produce premium specialty proof coins struck from highly polished bullion planchets, most often precious metals such as gold, silver, platinum, and palladium. For example, Rosland Capital recently donated a gold proof coin featuring the Formula 1 driving legend, Michael Schumacher, to benefit the Caudwell Children charity.

1-kilogram gold proof coin featuring Formula 1 driver Michael Schumacher, encased in acrylic
1-kilogram gold proof coin featuring Formula 1 driver Michael Schumacher, encased in acrylic

These proof coins are produced for collectors who also wish to purchase a quantity of highly refined precious metal, such as a .999 (three nines) fineness for silver bullion, a .9999 (four nines) fineness for gold bullion, and .9995 (three nines five) fineness for platinum or palladium. These buyers seek the value of the physical metals from which the proof coins are minted, with the aesthetic appeal and collectibility an added bonus.

How to Buy Mint Coins and Proof Coins

Now that you have a better understanding of the difference between mint coins and proof coins, you’re ready to continue your research. Only you can decide which coins are best for you. People buy different types of coins for different reasons, and it’s important for each person to do their research and determine which products they want. 

What should you look for when buying mint coins or proof coins? Any reputable precious metals and coin dealer such as Rosland Capital sells coins – numismatic, semi-numismatic, mint state, proof, or bullion – and can help you find coins graded by a respected third-party authority such as NGC or PCGS, or certified by an assayer at a well-known mint, with proper documentation and certification of authenticity.

Get more information from the precious metals experts at Rosland Capital.

Rosland Capital Donates 1-kilo Gold Coin to Benefit Charity

Model carrying 1-kilogram gold coin featuring Michael Schumacher at a fashion show and auction hosted by Amber Lounge in Monaco

In May, during the festivities ahead of the Monaco Grand Prix, I had the privilege of representing Rosland Capital to help raise funds for the Caudwell Children’s charity. In collaboration with the Keep Fighting Foundation, we donated a one-of-a-kind, 1-kilogram gold proof coin featuring the legendary Formula 1 driver, Michael Schumacher, whose fighting spirit inspired the establishment of the Keep Fighting Foundation. 

https://twitter.com/AmberLoungeLtd/status/1397566334624538624/photo/3

Rosland Capital’s tradition of collaboration and giving back to the community

Alt text: Formula 1 driver Mick Schumacher (left) and Rosland Capital CEO Marin Aleksov (right) in Monaco

From the beginning, when I founded it in 2008, Rosland Capital has been committed to philanthropy and giving back to the community, especially those in need. During that time, we have collaborated with several passionate charities and organizations in our effort to make a positive impact on the world around us.

Among those organizations, Rosland Capital has maintained an ongoing relationship with Michael Schumacher’s Keep Fighting Foundation, a nonprofit initiative dedicated to promoting the idea of perseverance and resilience. In collaboration with our friends at Formula 1, we have produced a range of gold and silver coins featuring portraits of Mr. Schumacher. 

In addition to honoring Mr. Schumacher’s remarkable racing career, the sale of these coins directly benefits Keep Fighting and its many charitable projects. In this case, we were able to support Caudwell Children, a UK-based charity with a vision to support and transform the lives of disabled children and their families as “a safety net for families who are unable to gain the help they need.”

Presenting the 1-kilo Michael Schumacher gold coin ahead of the 2021 Monaco Grand Prix

Alongside Mick Schumacher, trustee of the Keep Fighting Foundation, we donated a limited edition 1-kilogram gold proof coin featuring the legendary Formula 1 driver and humanitarian, Michael Schumacher, Mick’s father. The coin sold at auction for more than 100,000 euros at the U*NITE Fashion Show hosted by Amber Lounge in Monaco. 

The proceeds were donated to Caudwell Children to support its vision of helping disabled children and their families. We at Rosland Capital are proud to continue our tradition of collaborating with the Keep Fighting Foundation to raise money in honor of Michael Schumacher and his passion for inspiring and empowering young people. 

Again, we want to thank Mick Schumacher and the Keep Fighting Foundation, Formula 1, Caudwell Children, and the many other wonderful people who helped make this event possible and successful. We look forward to continuing this tradition in the very near future.

Learn more about Rosland Capital’s charity partners and philanthropic efforts.

Top Gifts From Rosland Capital This Holiday Season

It can be hard to know where to begin with holiday shopping for your family and friends. It’s natural to want to get them something they’ll love that will last them a long time, but it isn’t always easy to decide on a present that fits that criteria.

Fortunately, exclusive collector’s coins from Rosland Capital make for a perfect holiday gift! Not only do they serve as beautiful mementos that honor some of the greatest events and individuals in sports history, but they can also act as new precious metals assets to help enhance and protect your loved ones’ future wealth.

For the coin collector and sports enthusiast in your life, here are three specialty coins created this year by Rosland in collaboration with some of our wonderful partners.

PGA Tour 2019 Players Championship ¼ oz Gold Coin

pga-players-2019-1_4oz-gold-card-front

This beautiful, limited edition gold coin was produced to commemorate the PGA Tour’s annual tournament, the Players Championship. It features the iconic 17th green and hole on the front and a portrait of Her Majesty Queen Elizabeth II on the obverse.

Formula 1 2019 Gold Kilo Coin

F1-Gold-KILO-Coin-2019-Reverse

This coin was developed (among others in our F1 collection) in celebration of Formula 1’s 2019 Grand Prix racing season. On the front, it features a list of all the race locations from this year’s season in calendar order around the dramatic official F1 logo, shown in the center of the coin. On the back of the coin is Ian Rank-Broadley’s portrait of Queen Elizabeth II.

Davis Cup 2019 ¼ oz Gold Coin

davis-cup-2019-gold-coin-card-front

This collector’s item honors the largest annual international team competition in men’s tennis, the Davis Cup. The front of the coin features the Davis Cup itself, and the obverse side bears the portrait of Her Majesty Queen Elizabeth II.

 

Happy Holidays from all of us at Rosland Capital!

2020: An Exciting Year for Formula 1

Anyone familiar with Rosland Capital will know that we have great admiration for our friends at Formula 1. In previous years, we’ve done a number of exclusive coin collaborations with them to commemorate some of their most important events and famous figures, like the 2018 FIA Formula 1 World Championship, the 1000th race in F1 history, and motorsport champion Sir Jackie Stewart’s lifetime of achievements and philanthropic work with Race Against Dementia.

2019 has had a number of significant moments for Formula 1, especially in recent weeks. At the end of October, I had the pleasure of attending their “Hollywood and Highland” event here in Los Angeles, which featured iconic car exhibitions and appearances by champion racers like Valtteri Bottas and Max Verstappen. Based on the turnout, it’s clear that enthusiasm for Formula 1 and the world of motorsport is alive and well, and that F1 fans are just as excited as we are at Rosland to see what’s going to come next.

F1 billboard

I also thoroughly enjoyed following the action at the 2019 Grand Prix in Austin at the beginning of this month. It was a little surreal to see Bottas take victory only days after seeing him in person in Hollywood!

As someone with both personal and professional interest in seeing Formula 1 continue to impress audiences and promote greatness in motorsport, it’s absolutely thrilling to look ahead and see how their 2020 schedule is shaping up.

One of the events I’m most excited about is the Vietnam Grand Prix in April, which will be the first race in F1’s history to take place in Hanoi. It’s great to see that passion for motorsport has continued to spread around the world and that Formula 1 has been able to expand their reach so that new audiences may come to understand the joy and wonder of racing.

f1-hanoitrack.jpgHanoi 2020 Track (Source: FormulaSpy, Formula 1)

 

Looking forward to seeing what else lies down the road for Formula 1!

Marin Aleksov and Jackie Stewart pose with a limited-edition gold coin donated to Stewart's Race Against Dementia charity.

Rosland Capital Supports Jackie Stewart’s Race Against Dementia

Rosland Capital and CEO Marin Aleksov recently participated in a fundraising event for Formula 1 legend Sir Jackie Stewart’s Race Against Dementia charity.

The event, held in Monaco to coincide with the Monaco Grand Prix weekend, featured a one-kilogram gold coin from Rosland, minted with Sir Jackie’s racing-era likeness and signature on the front and the classic Ian Rank-Broadley portrait of Queen Elizabeth II on the obverse side.

Only two of these coins will ever be minted. The first was auctioned in Monaco to benefit Race Against Dementia’s mission of finding better treatments, and an eventual cure, for dementia, which afflicts nearly 47 million people around the world today. The remaining coin, the last of its kind and a truly unique collectible, can be seen on Rosland’s website. It includes commemorative packaging, a certificate of authenticity signed by Sir Jackie Stewart, statements of fineness, weight, and proof, and a signature of the authorized Swiss assayer.

Marin Aleksov and Jackie Stewart pose with a limited-edition gold coin donated to Stewart's Race Against Dementia charity.

Rosland CEO Marin Aleksov and Sir Jackie Stewart pose with the 1-kilo coin in Monaco.

Rosland’s donated coin was won at auction by former Formula 1 driver Eddie Irvine, with all proceeds going to Race Against Dementia. All told, the Monaco event raised nearly $400,000 for the battle against dementia.

Appearing at the event alongside Sir Jackie, Marin Aleksov said:

“We’re passionate about supporting innovative charities and very excited to collaborate with Sir Jackie Stewart and Race Against Dementia to raise funds for a worthy cause. Sir Jackie Stewart is an icon of motorsport, with a lifetime of achievements; he has effectively used his profile away from the circuit to raise awareness for dementia research. There’s no better way to honour him than in gold, and no better place to auction this unique piece than in Monaco, the crown jewel of the Formula 1 World Championship. I would also like to thank Formula 1 for their support in this charity contribution; it’s fantastic when partners come together to support causes that are important to the Formula 1 community.”

Check out Race Against Dementia’s recap of the event, which includes a number of pictures of the auctioned coin, as well as photos of Marin Aleksov and Sir Jackie Stewart:

Amber Lounge, Monaco (Race Against Dementia news)

Marin Aleksov Unveils 5kg Coin at Abu Dhabi Grand Prix

Rosland Capital CEO Marin Aleksov was present at the Abu Dhabi Grand Prix Friday, November 25 to showcase the latest addition of the Officially Licensed Formula 1 Coin Collection. Aleksov revealed a 5 kilogram gold coin, the most impressive addition to the collection, to reporters and Formula 1 fans in the Paddock Club. Licensed by Stunt & Co and minted by Swiss-based PAMP, the collection also included gold and silver 5oz coins and a .25oz gold coin celebrating the Abu Dhabi Grand Prix.

“We knew we had to deliver something special to the Paddock Club here in Abu Dhabi and our glorious 5kg Gold Coin certainly delivers on that front. It is literally one-of-a-kind and quite simply spectacular,” said Aleksov. “Furthermore, our new 5-ounce Gold and Silver Coins are a welcome addition to our portfolio while we are also delighted to add the special edition one-quarter ounce Abu Dhabi Grand Prix gold coin to our growing collection of bespoke F1 race weekend coins.”

The collection also includes all 21 Formula 1 circuit names on 2.5oz gold and silver coins and a gold 1kg coin. In addition to the Abu Dhabi Grand Prix, the collection also celebrates many of the other very well-known races, including the British, Italian, United States and Brazil Grand Prix.  

You can find more information about the Rosland Capital coin collection here.

 

More photos from the event can be found on Rosland Capital’s Instagram.

Why Rosland Capital’s Latest Coin Collection is Unique

In June, Rosland Capital announced it would be the official dealer of the limited edition Formula 1 coin collection that would not only celebrate the 2016 FIA Formula 1 World Championship, but also the British, Italian and United States Grands Prix. Minted by Swiss-based PAMP, the coins are available in .25 and 2.5 oz formats. A special Kilo coin was also unveiled at the British Grand Prix in July.

However, these coins are much more special than just their looks. Read more about Rosland Capital’s F1 coins to hear what makes these coins no ordinary keepsake.

Rosland Capital to Distribute Official Formula 1® Coin Collection

Rosland Capital recently announced global distribution of an Official Formula 1® gold and silver coin collection, in celebration of the the FIA Formula One World Championship as well as the British, Italy, the United States and Brazil Grand Prix races. Available in the United States and in the United Kingdom, the front of each of these limited series coins includes a Formula 1® car, the name of the event and the Formula 1® logo. Gold coins celebrating the British Grand Prix™, which will be held July 8-10, 2016, became available on June 15.

The collection also features limited single gold and silver coins with all 21 Formula 1 circuit names printed on the front and includes a certificate number, statement of metal fineness, weight, proof of quality statement, and signature of the PAMP assayer.

The back of each coin in the collection features Ian Rank-Broadley’s portrait of Queen Elizabeth II along with the legal tender value of the coin.

“We are honored to be working with our friends at Stunt & Co. on this endeavor,” said Marin Aleksov, Chief Executive Officer of LA-based Rosland Capital LLC. “The coins are not only a way to celebrate the races, but also a unique keepsake for coin collectors and Formula One fans alike. The history of the races are truly brought to life in the coin series.”

The collection is minted by Swiss-based PAMP and is in association with the global license-holders, Stunt & Co. Ltd. Go to https://www.roslandcapital.com/f1 for more information about the collection or check out more about the Formula 1® Collection from Rosland Capital on Coin Week and on Coin World.