When did the Mint first sell proof sets on a regular basis?
In 1860 prices were established for proof coins. They were sold individually until 1862. After that only full sets of gold or silver were offered. Gold coins again sold separately in 1881, and the silver coins in 1936. In 1860 a full set of gold proofs with a face value of $41.50 sold for $43. Silver sets with the cent, with a face value of $1.94, sold for $2. What was the theory behind “Free Coinage?” The concept was that the owner of bullion or foreign bullion coins could deposit the metal at the U.S. Mint and receive coins equal in value. At first there was no charge for this service, but later a small charge was tacked on before the practice ended. Was the so-called Gold Rush of Dec. 31, 1974, as big as expected? Several major news publications goofed, predicting billions in sales when the ban on gold ownership was lifted. One major New York bank sold all of six ounces of gold. A San Francisco bank kept a TV crew waiting two hours for the first gold customer. The irony of the situa
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