When most people think of investments, their mind immediately goes to the stock market. There is value in this. The stock market is an excellent way to build wealth and accrue assets over time.
However, the stock market can also be volatile. Inflation levels and disruptions in global commerce can cause stocks to rise and fall.
When this happens, how can you hedge against the risk? Traditionally, the best option is to invest in precious metals. One easy to get started with this is purchasing United States mint-proof set coins.
Proof set coins are an excellent way to get your feet wet in the precious metals market. They also have a fascinating history. Check out our guide below to learn more!
History of the United States Mint Proof Set
Financial historians generally agree that the modern proof set began in 1936. That year, the Philadelphia Mint began producing proof coins again after a twenty-year cessation.
In 1942, another pause began. Production resumed in 1950 when the United States Mint began selling proof coins as complete sets. These sets contained one coin for each denomination.
Over the years, the packaging for these sets changed. In 1968, they finally reached the format that they have today.
The coins remain sealed within a plastic holder and placed in a box for this set. Sometimes minor aspects of the design change, but all proof sets retain this format.
Precious Metals Proof Process
The above system focuses primarily on producing special edition versions of US currency coins. However, the United States Mint also produces proof coins of precious metals. You can learn more about other mint distributors in this post.
Although the US left the gold standard close to a century ago, the federal government still mints precious metal coins for investors and collectors. This way, investors can buy gold in specially designed coins.
Proof coins are often the most popular option for precious metal collectors. These coins follow a specialized process.
First, the mint feeds burnished coin blanks into presses with special dyes. From there, the mint strikes the coin several times. In the end, there is a soft, frosted image that stands out on the coin face.
These coins are often popular options for collectors. Investors, however, usually prefer another type of coin, called bullion coins. We’ll explore these in the section below.
Most investors prefer to buy gold or buy silver in bullion coin format. The United States Mint distributes these coins through a network of authorized purchasers.
From there, investors can buy bullion coins in whatever metal they choose. Investors choose these coins because they give them a chance to own a significant amount of precious metals and preserve their assets.
Decide Which Coin Works for You!
If you’d like to get into precious metals, both proof sets and bullion coins can give you a feel for the market. A United States Mint proof set can get you started buying from the mint.
Bullion coins, however, allow you to buy platinum and other precious metals in larger quantities. So, find the coin that best meets your goals today!
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