Proof Coins: Making Money Episode 7

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  • เผยแพร่เมื่อ 5 ส.ค. 2024
  • San Francisco Mint Deputy Superintendent Paul Lewis describes the process of minting proof coins and what makes them unique.

ความคิดเห็น • 31

  • @bigrr64
    @bigrr64 7 ปีที่แล้ว +7

    I just want to say thank you to the u.s. mint for producing these beautiful coins. It is such a pleasure so look at these beautiful beautiful coins I really appreciate all the hard work it goes into it thank you again.

  • @railfanadam1944
    @railfanadam1944 5 ปีที่แล้ว +11

    Proof coins turn out very beautiful. It's amazing the Mint can do this to coins

  • @CoinsforAmateurs1
    @CoinsforAmateurs1 7 ปีที่แล้ว +13

    Interesting and good info- many people ask how that Cameo appearance is produced and now I can direct them to this video! Thanks!

    • @USMINT
      @USMINT  7 ปีที่แล้ว +4

      Glad you enjoyed it!

  • @johnnyb3126
    @johnnyb3126 11 หลายเดือนก่อน +1

    Great information

  • @ericsfc1ea.16
    @ericsfc1ea.16 2 หลายเดือนก่อน

    Would love to see a vid on the extraction of coins from the collar if possible or the processes used to remove the coin from the strike area.

  • @xp_studios7804
    @xp_studios7804 3 ปีที่แล้ว

    Started freaking out when they were cleaning the blanks for a split second lmao

  • @anthonymedford1837
    @anthonymedford1837 2 ปีที่แล้ว

    Beautiful

  • @Bugsbunny248
    @Bugsbunny248 6 ปีที่แล้ว +3

    The America the Beautiful quarters are a series of 25-cents quarters, issued by the United States Mint, starting in 2010 and scheduled to continue until at least 2021, but the series may be extended at the option of The Secretary of the Treasury, potentially extending the series to 2033, and after that, i wonder what new quarters will keep coming out.

    • @charlesodonnell7228
      @charlesodonnell7228 3 ปีที่แล้ว

      I simply love our 💵💲 and coins...So much detail and pure beauty...They do have some things on the money with what they say...."IN GOD WE TRUST" and AMERICA THE BEAUTIFUL...OR LAND OF THE 🆓? Anyway is fine because all that really matters is sharing with our family and friends. We must plant our seed to give back to God...For without him, we would not have anything at all....Break 🍞...

    • @charlesodonnell7228
      @charlesodonnell7228 3 ปีที่แล้ว

      Is the $1 act still being honored?

  • @coinhorder9243
    @coinhorder9243 4 ปีที่แล้ว +3

    The prices for the mint and proof sets are riddcules and are priced way higher then the resale value of it. The prices need to come down and be sold for what the resale value would be.

    • @oahuhawaii2141
      @oahuhawaii2141 3 ปีที่แล้ว +1

      You must buy in bulk, or get high-demand coins that immediately go up in value after ordering from the mint.
      I just got a V75 silver at $83+S&H. The mintage is 75K with very high demand.
      I missed out on the V75 gold because the mint's web site froze as it was slammed by people trying to get their 1 of only 1945 made. Sold out in under 5 minutes, as I clicked on the last check out button. That coin will go well past the mint's $2600 release price.

  • @budgetcoinhunter
    @budgetcoinhunter 8 หลายเดือนก่อน

    So, prior to 1971, were the proof dies just not protected, or what? Ultra Cameo, Deep Cameo, and even Cameo isn't common on proofs earlier than 1971. What changed in the process that year?

  • @yamaha226
    @yamaha226 4 ปีที่แล้ว +4

    I love when i buy slabbed proof 70 coins and a month later they have milkspots all over rendering them worth far less now than what i paid.This needs figured out please.

    • @oahuhawaii2141
      @oahuhawaii2141 3 ปีที่แล้ว +1

      Probably the grading service tainted the coin before it was slabbed, since humans are handling the coins: open up the original package, grade the coin, assemble the new package and label, and insert and seal in the package. Lots of manual steps.
      When the coin is made, there's no humans directly touching the coins because most of the processes with direct contact are done by machines.
      At coin shows, I've seen people with white gloves on handling coin carefully, but later touch the outside of the gloves to the face or other unclean surface, even touching the gloves' outside after taking off the gloves, or putting them on an unclean table. This transfers oils or contaminants onto the gloves and can stain a coin that is later handled with those gloves.

  • @jrodjrod4670
    @jrodjrod4670 2 ปีที่แล้ว +1

    I can not believe how hook I am on coins now 😲

  • @dinapopecaten2454
    @dinapopecaten2454 ปีที่แล้ว

    So the Denver and Philly doesn't make Proffs? All proffs are made in San Francisco? Correct?

  • @onisan2659
    @onisan2659 4 ปีที่แล้ว +2

    My brother found a silver proof Tennessee and gave me it

    • @oahuhawaii2141
      @oahuhawaii2141 3 ปีที่แล้ว

      I got a scratched up silver proof quarter in change at an eatery, and a half roll of silver Walking Liberty coins at a gas station. Both clerks got them from customers. The coins were likely spent by people who inherited or stole the coins, and didn't know their value. Even one clerk thought they weren't legal tender, so I exchanged all of them for her.

  • @maribakumon
    @maribakumon 6 ปีที่แล้ว +1

    What happened to episode 6?

    • @USMINT
      @USMINT  6 ปีที่แล้ว +5

      Thanks for your question. Upon further internal review, we needed to remove the video due to an issue with some of the footage. We plan to re-edit the video and re-post in the future. Stay tuned and thanks for your interest in the U.S. Mint!

  • @Gabriel.4190
    @Gabriel.4190 4 ปีที่แล้ว +1

    No wonder we're losing money on pennies look at the process involved to make them🙄

    • @thecinderellaman614
      @thecinderellaman614 4 ปีที่แล้ว +1

      Take the longest in processing, but the least valued

    • @mynameismatt2010
      @mynameismatt2010 4 ปีที่แล้ว +3

      These are proof coins, meaning they’re made specifically for collectors. Normal circulation minted coins are produced in the millions per day volumes.

    • @YoloBagels
      @YoloBagels 4 ปีที่แล้ว +4

      The US Mint is actually making a decent profit on these. The pennies in this video are proofs, meaning that they are higher quality and for collectors. They sell in sets for about $3.50 per coin. Cents that are struck for circulation today are the most cheaply made to date.

    • @musicstuff698
      @musicstuff698 3 ปีที่แล้ว

      What an unintelligent thing to say.

  • @tutnallman
    @tutnallman 2 ปีที่แล้ว

    All this for an almost worthless one cent coin- remarkable...

    • @KingdaToro
      @KingdaToro ปีที่แล้ว

      This is one made specifically for collectors. The normal production process for coins meant for circulation is much quicker, each press strikes 750 coins per minute and they don't look nearly as nice.