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The U.S. Mint does not assign grades to any coins it sells. But Proof and Uncirculated coins do have different grades.

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13y ago

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Related Questions

What does pr mean for coin?

PR is a grading system used for proof coins


What does DCAM mean in coin grading?

DCAM stands for Deep Cameo and is reserved for proof coins


What are satin proof coins?

A satin finish on a proof coin gives the field a softer appearance and not the crisp mirror finish found on other proof coins.


What does the term PR mean in coins?

PR is used in terms of grading coins to designate that the coin is proof. For example, a perfect proof coin would be graded as PR-70. A nearly perfect proof coin might be graded PR-68 or PR-69, etc.


What does pf mean in coin grading?

Proof


Information on coin grading system?

The current coin grading system is based on 70 grades. The lower numbers indicate greater wear and as those numbers get progressively higher the condition of the coin improves until 70 is reached which indicates a perfectly struck coin with no flaws, scratches or nicks. At one time it was thought that no coin could be perfect except perhaps in proof condition [called Proof 70] but in recent years the market has been awash with perfect coins proof and business strikes alike. [Business strikes are coins minted for release to the general public for daily business transactions and when considered perfect they are called MS 70.] Anyone can declare their coin to be a certain grade since grading is, after all, just the opinion of one person. However, those persons who deal with coins a great deal can become more experienced in the grading of a coin and thus their opinion is more greatly valued. The coin collecting community has seen the rise of third party grading companies who assign a grade to a coin and verify its authenticity. Many of these companies have earned the respect of many collectors. However, also on the rise are coin grading companies who do not grade properly so when selecting a grading company care must be taken and a little research made to insure you select a reputable company.


How do you know if you have a 1975S penny proof?

To determine if you have a 1975-S penny proof, first, check for the "S" mint mark located on the obverse side, indicating it was minted in San Francisco. Proof coins are characterized by their high-quality finish, featuring a mirrored background and frosted details. Inspect the coin for its sharp details and lack of blemishes, which are typical of proof coins. Additionally, you can compare it to known examples or consult a coin grading guide for further verification.


What does pl mean in coin grading?

"PL" in coin grading means "prooflike". It is used to describe a coin that has mirror fields and fine details resembling a proof struck coin but is not a true proof.


What are slabbed proofed dollars?

Slabbed proofed dollars refer to coins that have been graded and encapsulated in a protective plastic holder, known as a "slab," by a professional grading service. The term "proof" indicates that these coins were struck using a special process to create a high-quality finish with mirror-like surfaces and sharp details. Slabbing protects the coins from environmental damage and provides a standardized grading, making it easier for collectors to assess their quality and value.


What does prf 65 mean in coin grading for coins?

The prf means the coin is a proof, proof coins are not intended for circulation and have mirror like fields (spaces where there is no design) and generally frosty designs. US coins are graded on a scale from 1-70 with 1 being barely readable and 70 being absolute perfection. Prf 65 is a fairly low grade for a US proof made recently. For older coins Prf 65-66 are typical due to damage from improper storage. But for newer proofs, prf 68 is low and 69 and 70s are common.


Why are proof 1950 British coins worth less than uncirculated versions?

This is only the case for some 1950 British coins. Proof coins should be worth more simply due to the amount of work required to produce them. Proof coins are produced in a finite quantities for a given denomination and year. An "Uncirculated" coin is one that goes through the usual minting process, but is removed before it starts banging and scraping against other coins and developing the marks and scratches associated with circulated coins. Uncirculated coins are an unknown quantity after they leave the Mint since they can be so easily circulated and subsequently lose the grading of "Uncirculated". It is a matter of "supply and demand". Less "Uncirculated" coins for a given denomination (or year) are known to exist than Proof coins of the same denomination (or year), therefore the collector value of the "Uncirculated" coins is greater. The same apparent disparity of value occurs for many coins and years.


What is a proof or uncirculated coin?

The term Proof actually refers to a method of manufacturing that produces coins with very sharp details and a mirrorlike surfaces and are called Proof coins. Uncirculated or Mint State coins are coins not released into circulation and have no wear on them.