Time for a coin re-classification

thurmownator · Jun 13, 2007

With the amount of "circulated proof" half dollars being found, it appears time for Red Book, and other price guides, to recognize this; and list other "price points" than just those for proofs (presumably) still in the original packaging.

The '96 (CuNi) proof I found yesterday is listed in the 2007 Red Book for $15. But that's assuming in packaging and no blemishes. Though it does have some blemishes and wouldn't command the $15 price, it is also worth far more than face; but none of these leading price guides have recognized this category of proof coin yet.

Red Book, et al, if you're reading this; it's time for a change.

fiatboy · Jun 13, 2007

I agree. Too many proofs have escaped into the wild. There is a market for these coins---albeit small---but most stuck-in-their-ways numismatists don't see it. At coin shows and among collectors I trade with, these coins are deemed more than face value. Others tell me that since it's not in the Red Book, they're not interested. But it's not in the Red Book because of these people. The dog is chasing its tail! To borrow lexicography parlace, Red Book ought to be descriptivist not prescriptivist. C'mon Red Book, you can do it. Show us some love!

Emperor Findus Cladius · Jun 13, 2007

Don't hold your breath. For them to do anything like that there has to be a demand for the coins, and right now there is really not much demand for impaired proofs.