If you’re into coin collecting, a proof set is a great way to acquire pristine examples of one-year-only designs such as Statehood quarters or Presidential dollars. They also make excellent gifts for children or anyone interested in the history of our Nation’s currency.
Proof coins are made with a meticulous process and are often produced in very small numbers, which makes them desirable to many collectors. They are highly lustrous and feature sharp contrasts between the engraved design and the shiny field of the coin. Proof sets contain the proof coins of a single year and are usually sealed in a plastic holder and enclosed in a box. Although the holder and box designs would change over the years, this basic format remains to this day.
In general, proof sets are fairly expensive since they typically have low production numbers. Proof sets minted from 1936 to 1942 have particularly high values — a five-coin set from this period can be worth more than $1,500. Production numbers increased with 1950 to 1972 and proof sets of six coins were offered, including silver dime, quarter and half dollar coins. In 1973 through 1981, the dollar was added to the proof set. Proof sets from 2004 to 2005 contained two Lewis and Clark nickels, while the 2010-2021 proof sets included America the Beautiful quarters depicting iconic national parks and monuments.
Values of proof coin sets depend on a variety of factors, but age and rarity are the most important. Older proof sets, especially those from the pre-twentieth century, have a greater historical value and are generally the most sought-after.