Gold coins as collectors items
Though modern Gold coins are valuable because of their inherent value and price, some gold coins owe their value due to other reasons. Old rare coins made of gold are highly valued by collectors. The coins value depends on many factors like age, condition and availability. Uncirculated coins which have been released to the public but are not intended to be used as actual money are also traded at premium by collectors. Proof coins which are specially produced to a higher standard of finish are also considered as collectibles.
Proof coins were originally manufactured as pre-production samples and were available as smaller numbers. But now, a larger number of proof coins are available for sale to collectors. Because of the high standard of finish, time, labor and production costs in making a proof coin, proof coins are sold at higher prices. In many cases the production of proof coins is limited. This usually means that a proof coin of the same date will be more expensive than a non-proof uncirculated coin.
Both uncirculated and proof coins are graded. Proof coins are indicated by PR or PF which means proof. Proof coins with grade of PR70 mean rare or even nonexistent in some cases.
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