Proof, UNC, VIP Set

Proof Set, UNC, VIP 

This article gives out the basics of Proof Sets, UNC, VIP and Collectors Pack.
Begning from 1964 over the period of years Indian Mints have released quite a few
commemorative themes. The coins are available in various denomination that are in
circulation and also quite a few coin denominations that are not in circulation.
For example the Rs 150, Rs 100, Rs 50, Rs 20 Coins.

Proof Sets:

The notion of issuing proof sets is very old and dates back to the early days as early as 

18th Century; when coins where struck by hand. Then pracitsie was to make a limited

set of coins and show case the design to the King and other important members for 

approval of the design. The idea was 2 folded, one get the approval from King that he 

likes the design and two to flush out any minor changes, typos etc.Once the approval 

was given, these were then minted in large scale for circulation. The proof sets where 

then auctioned to the highest bidder. Today the proof sets issued by the Mint are a 

collectibles and a way to generate revenue for the Mints. The coins in the proof set 

are of extremely high finish and often coated to avoid rusting or discoloration.Today

these can be ordered directly from the mint when they are announced for sale. The 

packaging of this has changed over the years from initial cardboard box outside with a

transperant plastic box inside.The coins themselves are fixed in a grove made out of 

dark plastic. Today this is changed by enclosing the coins in transparent Mylar sheets 

that is pasted between to card board sheets. The package also gives out the cover

design and the composition details of the coin. In some of the recent design, there is

also a story given in both the languages to describe the event.

VIP Set:

The VIP set as the name indicates was initially meant as a soverign to important 

persons in the Government so that they can keep this as a memorable on their desks.

 There are various designs for of the Proof sets, the initial and most common design is 

to put the coins bare in a velvet box with satin cloth inside. Some of the other designs

are open up as a Stand; some are plastic encased show piece.It not necessary that

for every commemorative there is a VIP set. Also the initial practice of issueing this 

to the deginatories is discontinued and these can be ordered from the mint.

UNC Set:

The UNC Set as the name indicates is Uncirculated Coins Set. The finish on these is 

not as good as the proof sets and is closer to the normal finish of the coins that are in 

regular circulation. The idea behind UNC is to allow collectos to collect coins that are

not circulated, ie are in Mint condition. The price of the UNC is lesser that the Proof 

set by typically a factor of 25%.