Prooflike World Coins from the 18th and 20th centuries are as much sought after as PL Morgan dollars are. The biggest difference, is that PL World Coins are so much more affordable. These are the coins that World coin collectors should be searching for. World coins from the 17th and 18th centuries with prooflike surfaces are rare and only a fraction of the World coin collecting community are taking advantage of seeking them out. As World coin collectors start to find out how rare these coins really are, then and only then, will these coins start to take a huge jump in price. So until this starts to happen, take advanced of the opportunity to start collecting them while the prices are still low.
What makes these coins so rare you may ask ? Just like PL Morgan dollars, these coins are first strike coins. Only a few hundred coins will have PL surfaces. Even if the coin has a large over all mintage and is considered a common date. The PL surfaces have to be taken into account as to why the coin carries a premium price tag. One other thing to look for, is a prooflike coin with Cameo. What do I mean by Cameo ? The raised portions (designs) on the coin will have a frosted look. The deeper the Cameo is, and the deeper the mirror (prooflike) surfaces are, the rarer the coin is. Remember we are talking business strike coins here,.. and not actual Proof struck coins that are made using special dies.
On another note, lets talk about what to look for in a coin to add to your collection. My advice is to look for a coin with nice clean surfaces with minimal contact marks. Look for strong strikes and if you like toned coins, make sure the toning does not take away from the coin. Avoid dark looking silver coins if its not in the very rare category. By all means, if you find a high grade common date coin with prooflike surfaces with cameo, and its in your price range, do get it. If it’s a low mintage coin that is also not considered rare, but has proof like surfaces, then jump all over it. Advanced collectors love low mintage coins in high grade be it rare or not. Why buy if its not rare ? My take on this question is this. As US coins keep getting higher in price, world coins are becoming more popular with collectors. The investors have not jumped into the World coin market with both feet like they have with the US coin market. Once they do,…well I think you can figure out from here.
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