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Home :: Resources :: Proof coins: A valuable investment instrument
Proof coins: A valuable investment instrument
As any avid numismatic knows, proof coins are a valuable addition to any coin collection. Minted purely for collection purposes, proof coins are struck under intense pressure and using specialised dyes. The aim, when creating these types of coins, is to strike a coin that is flawless: Free of blemishes, chips, scratches or other imperfections. Several techniques are used to achieve this outcome, as well as to produce the frosted devices, matte and mirror-like fields found on the coins.

It’s important to remember that the term “proof” doesn’t refer to a coin’s grade, but rather, to the high-quality manner in which it has been minted. In some cases, several hundred proof coins may be minted, while in other cases, only a handful of these collectors’ items are struck. Naturally, the rarer a proof coin, the greater its value is likely to be. This is also true of other types of coins, such as Krugerrands, gold, sliver and platinum coins and limited edition coins.

What makes proof coins so desirable to collectors?


Proof coins are of an exceptionally high quality, and have been struck two or more times using a specially treated and polished dye. This adds fine detail to the coin which is usually absent from everyday, circulated coins. Because of the additional time, effort and production expense that go into creating proof coins, they are usually sold at a higher price than circulated coins of the same value. Moreover, because they are uncommon, their value is greater than that of circulated coins crafted on the same date.

When purchasing proof coins to add to your collection, it’s important to ensure that the coins you buy are free of imperfections, and that they have never been cleaned. Even dusting proof coins can result in tiny scratches, which detract from the value of the coin.

What type of proof coins can I buy in South Africa, and where can I find them?


The difficulty in obtaining a proof coin depends on the rarity of the item in question. Buying coins – be they proof coins, gold coins, bullion or Krugerrands – is an ideal way of preserving, diversifying and growing one’s investment portfolio. Thus, coins are often purchased for long-term investment purposes – and hence need not be bought whey they’re at their priciest.

If you’re looking to buy proof coins for your collection or for investment purposes, it’s well worth purchasing from a reputable coin shop. Unless you’re seeking a specific rare coin, there’s no need to wait for an auction or for a particular collection to go on sale.

The Scoinshop, for example, sells a wide variety of coins – from proof coins and medallions to Krugerrands and various limited edition collectors’ coins. You’ll also find exclusive gold coin proof sets, silver coins and platinum coins, and a vast selection of South African investment medallions. The particular type of coin you’re seeking is sure to be found in our exclusive catalogue, but if you can’t find what you’re looking for, be sure to contact The Scoinshop or submit an enquiry form to us.

The Scoinshop: South Africa’s leading coin retailer


As the retail branch of the South African Gold Coin Exchange, which was established in 1972, The Scoinshop is one of the country’s most renowned coin merchants, trusted to provide only the highest quality products at the most competitive prices. We also offer free shipping to any destination in the world, and will deliver your purchase to your door within 7 to 10 days.

Browse our premium collection of SA coins, Krugerrands and Mandela coins, or find out more about our current specials now.
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