Tag Archives: india proof set - Page 2

1971 proof set FAO issue

The 1971 FAQ issue proof set of Republic of India is one of the rare sets of modern India. The set has a significant value because of the rare 1 Rupee 1971 coin which alone costs about 60-70% of the entire set value.

Food and Agriculture Organization issue 1971 proof set

The set consists of 9 coins and was minted by Bombay Mint. If you wish to purchase this set please get in touch with us with your offer.

Coin booking: IG mint Kolkata

IG Mint kolkata has started booking for the following coin sets.

Mother Teresa Proof & Unc set

Rabindranath Tagore Proof & Unc set

XIX COMMONWEALTH GAMES 2010 DELHI Proof & Unc set

LOUIS BRAILLE 2 rupees Proof coin set. Following advertisement was posted in leading newspapers today.

You can book the coins at http://igmkolkata.spmcil.com/SPMCIL/Interface/SellableProducts.aspx

Mahatma Gandhi 1969 Proof set

Mahatma Gandhi Proof Set cover 1969

Mahatma Gandhi proof set of 1969 was issued by the Bombay mint. It consisted of 9 coins from 1 paisa to 10 rupees.

Mahatma gandhi 1969 proof set

This set is considered rare.

If you wish to purchase this set, please contact us via the website with an offer price.

1964 Jawaharlal Nehru Proof Set

Jawaharlal Nehru 1964 Proof Set

This two coin set was released by Bombay Mint in both Proof and Unc sets. It consists of 1 Rupee and 50 paise coins. The mint mark below the year is a diamond. The set was released in a black rexin box. The UNC set was released in a card board pack.

Jawaharlal Nehru 1 coin proof set 1964

This one coin VVIP set was released by Bombay mint. It consists of a 50 paise coin.

If you wish to purchase the 1964 Jawaharlal Nehru Proof sets, please contact us via the contact link with your offer price. Please note: We may not respond to offers without price or to offers with a very low offer price.

Decimal Coin Set 1962

Decimal Coin Proof Set 1962

Decimal coin proof set was issued by Bombay Mint in 1962. It consisted of 7 coins from 1 paisa to 1 rupee.

If you wish to purchase this set, please contact us using the “Contact Us” link on the top menu of the website.

Republic of india 1954 proof set

Republic of India 1954 proof set

This set consists of 7 coins. The set was minted in 1954 by the Bombay Mint.

If you wish to purchase this set, please contact us using the “Contact Us” link on the top menu of the website.

Proof coins vs Uncirculated coins

As a coin collector, it is important to know the difference between uncirculated and proof coins. As the name suggests, uncirculated coins are just that – uncirculated. They are of the same quality as circulated coins. The only difference being they have never been circulated in the market publicly. They may be packed in a sealed mint case and provided with a certificate. If preserved correctly, there should not be any visible scratches or marks on an uncirculated coin.

Proof coins on the other hand are of much higher quality than an uncirculated coins. They are specially minted to be a collector’s item and are never circulated in the market. Originally proof coins were used as a specimen coins. Before minting a new coin, few proof sets were prepared for approval by the King or the government. Later these sets were auctioned or sold off to collectors. About 200 years ago, these sets started attracting more and more attention. As a results many mints started minting proof sets for collectors.

In order to understand the difference between proof coins and uncirculated coins, it is important to know the process of coin minting. Coins are minted using a die that is struck on a metal base (usually round). Generally two dies strike a coin base on two faces (front face- obverse and back face- reverse).

A proof coin’s die is treated with special chemicals. The high points in the die are treated with acids where as the background (base) of the die is polished to give it a mirror like look. This gives a mirror finish to the proof coin in the base and a matt finish to the raise part of the coin face. Also proof coins are generally struck twice or more times to make sure that even the smallest elements of the design are clearly visible. Generally Proof coins production is manually handled i.e. they are fed into the machine for strike and then removed from the machine manually. Each proof coin is manually inspected before being packed. This results in a 99% flawless coin.

Although it is natural to assume that proof coins are more expensive compared to uncirculated coins, it may not be the case all the time. Proof coins also have a special mint marks to suggest they are proof coins.