Coin-related Term: Proof

Proof

Proofs are coins especially struck by a mint on prepared, polished or matte surface planchets (blanks). The dies used for the striking are also polished to produce coins with brilliant surfaces and perfect details. These are not regular, "circulation" coins.

Proof coins are generally sold by the mint or by appointed dealers at a premium.

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The Definitive Guide to Australian Silver Coins
The Definitive Guide to Australian Silver Coins