1949 Silver Dollar For Grading

Probably mis-attribution.

I actually own one of the only (I think) 1949 $1 in a 'PL' holder.

It was an early mistake on their part as they have never graded a 1949 as PL since.

The coin I have is mis-attributed and is an MS coin, not a true 'PL'.

I have an ICCS PL64 Dollar, picked it up in 2018, not sure if doubleeagle59 sold theirs or not, if not, there is at least 2 and I am sure I have seen others in ICCS. Mine is an Old embossed 2 letter holder.

I'll in with MS-64...though it does have characteristics of a proof...and at first glance I thought it was.

KK

Thanks, I have stopped by now and then. Research on the subject found me here again, so I signed up.

To KK, your post is pretty much sums up the challenge with the 1949 dollar.
For those who might not know, it was the 3rd commemorative silver dollar Canada issued. (1935, 1939 previously)
It was for the entry of Newfoundland into Canada as a province, leaving behind it's former status as a British Colony.
Like many commemorative coins, people tended to keep them.
The Canadian Mint, as far as I know, rolled this for distribution rather than bag them. This would account for the high availability of near perfect coins, lacking the usual scratches and marks. After all it has large flat fields that beg to be preserved. Other PL vs MS silver dollars are discernable especially in the field treatment. The 1949 was beautifully struck for circulation, and as pointed out earlier, there are records of Proof and Specimen. The question (s) is (are).. why so few ICCS, (CCCS?)certified PL1949 dollars , compared to PCGS. especially in comparison to other Geo VI
Looking at data... ICCS indicated in their 2014 report NO 1949 PL (yet we see in this thread certificates exist), 4 PF, and 36 SP. PCGS has no PF, but 352 PL*.
While Canadian Coin News has PL listings for 1949 dollars back as far as 2012, are these listings based on data from investigation of source material, or market driven, which would be mostly PCGS slabbed coins? (which may be just high MS versions or PR, or SP, but not distinctly different?) I think I have to ask them!

There are no 1949 PLs.
They are either specimens or circulation strikes.

I called ICCS about this, and they said that the 49's that they previously attributed as PL's are just high grade circulation strikes; hence why there are so few ICCS PL designations, are no longer graded as such, and are no longer in their most recent population report (2016).

I would imagine the same goes for NGC/PCGS, as like Kopper Ken mentions, they are not as familiar with Canadian coins. I would never buy a PL-graded 1949 from these TPG's as they are most certainly circulation strikes.

If you had knowledge of PCGS grading standards you would understand their PL designation. The PCGS website offers an explanation. Originally used for Morgan dollars it has been expanded to other series of MS United States coins as well as MS World coins. ICCS takes a different approach concerning 1949 dollars.

@1858AoverA, to add to your summary in a previous post, they also minted just over 40000 of these in early 1950, due to the high demand. Possibly the only Canadian coin for which minting continued into the following year. (My source on that is Calgary Coin's website)