Uncirculated Specimen Of That Years Circulating Coins For Every Denomination Issued From Each Mint Facility
Uncirculated Specimen Of That Years Circulating Coins For Every Denomination Issued From Each Mint Facility latest news, images, analysis about The U.S. Mint has sold coins to collectors since it was founded in the late 1700s. In 1947 Official Uncirculated Mint sets were specially packaged by the government for sale to coin collectors. They contained uncirculated coins for each of the denominations produced for general circulation. There was no … See more
FAQs for Uncirculated Specimen Of That Years Circulating Coins For Every Denomination Issued From Each Mint Facility
What is an uncirculated mint set?
The U.S. Mint has sold coins to collectors ever since it was first founded in the late 1700s. In 1947 Official Uncirculated Mint sets were specially packaged by the government for sale to coin collectors. They contained uncirculated coins for each of the denominations that were produced for general circulation.
When was the first uncirculated coin set made?
In 1954 the Royal Canadian Mint released seven thousand copies of its first uncirculated coin set for general public purchase. The Mint used this as a "test" to see if interest would grow. Slowly, the Mint increased the number of purchasable sets as demand increased.
What is a proof and uncirculated coin?
The U.S. Mint then packages proof and uncirculated coins in sets and sells them as commemorative or collectors sets, rather than as investment vehicles. The coins are never placed in “circulation;” Uncirculated coins purchased from the U.S. Mint directly typically retain their packaging and certificates of authorization.
Which coins were not included in the uncirculated mint sets?
Coins that were struck only as Proof specimens and commemorative coins, were not included in the uncirculated mint sets. No official uncirculated mint sets were produced in 1950, 1982 and 1983. Any mint sets from these years were assembled by private individuals and not by the United States Mint.
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