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 Question about Coin Grading
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UDEric
Penny Pincher Member


USA
202 Posts

Posted - 04/19/2010 :  22:28:40  Show Profile Send UDEric a Private Message
Maybe someone can help me out. If a coin is in a "proof set" does that mean that since it has never been touched it is automatically an MS 70? Or do they strike coins specifically to be MS 70 coins?

Thanks!

"Three things cannot be long hidden: the sun, the moon and the truth"

aloneibreak
Penny Hoarding Member



USA
672 Posts

Posted - 04/19/2010 :  22:52:30  Show Profile Send aloneibreak a Private Message
hello. the highest grade for a proof coin would be PF70. the MS designation is used for coins struck for circulation or in mint sets.

and no just because they are in a set they are not automatically PF or MS 70. even with all the care given to proof coins they may still have hairline stratches or wear marks.

graded 70 coins are still relatively rare, but more common today then in years past.



My reading of history convinces me that most bad government results from too much government.
Thomas Jefferson
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UDEric
Penny Pincher Member



USA
202 Posts

Posted - 04/19/2010 :  23:02:10  Show Profile Send UDEric a Private Message
Thanks for the explanation. My friend has a 1964 proof set from the Philly mint. We looked on PCGS and it said that proof set is worth $16, but then I looked at their Half dollar section and it looks like a PR 1964 Kennedy half can be worth more than $16 itself if it's graded 66+ so I was/am just a bit confused.

"Three things cannot be long hidden: the sun, the moon and the truth"
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