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NGC Grade PL Vs Unciculated Set Issue MS

 
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Author Previous TopicReplies: 6 / Views: 701Next Topic  
New Member

United States
6 Posts
 Posted 06/07/2023  3:08 pm Show Profile   Bookmark this topic Add coin-mania to your friends list Get a Link to this Message
Hello,

Are the NGC grade "PL" (proof-like prefix) and grade "UNCIRCULATED SET ISSUE MS" the same for Canadian coins a specially dated between 1965 and 1978?

If not, what are the differences and how they are distinguish each other?

Does grade "UNCIRCULATED SET ISSUE MS" fall into "PL" category in term of price in the "A Charlton Standard Catalogue Canadian Coins"?

If those grades are the same, why there are at least coins graded as "PL" for 1967 and graded as "UNCIRCULATED SET ISSUE MS" for 1968?

Many thanks,
Andrey
Valued Member
United States
125 Posts
 Posted 06/09/2023  4:02 pm  Show Profile   Bookmark this reply Add joewobblie to your friends list Get a Link to this Reply
There are experts smarter than I but I will take the first crack at your question.
I don't know what NGC does but there is a difference between Prooflike and Mint State. I had the same question and it was explained to me to look at the rims and on the PL you will see a flat rim where as on the MS it is not flat.
The Pl also has less contact marks and a sharper appearance. When you have both in hand it is easier to see the difference.
All this said - when you get into the early 1950's I get confused. I 'think' some of the early PL sets are more early strikes or selected coins rather than a different die.
I am sure someone can correct me if I have it wrong!
Pillar of the Community
United States
1451 Posts
 Posted 06/09/2023  4:12 pm  Show Profile   Bookmark this reply Add datadragon to your friends list Get a Link to this Reply
This is the difference per NGC and applies also to canadian and other 'world' coins.

Most circulation issue coins have minimally reflective fields, even in Mint State (MS) grades. When a circulation issue coin's fields exhibit a higher-than-normal degree of reflectivity, the coin is said to be "Prooflike" (or "PL") because it is reminiscent of a Proof coin. If the fields are deeply mirrored, the coin is said to be "Deep Prooflike" (or "DPL").

NGC uses the PL or DPL modifiers after an MS coin's numeric grade, when applicable. These designations indicate only the degree of reflectivity evident in a coin's fields and make no implication as to other qualities associated with Proof coins, such as frosted devices and superior sharpness.

https://www.ngccoin.com/news/articl...p-prooflike/

Edited by datadragon
06/09/2023 4:14 pm
New Member
Topic Starter
United States
6 Posts
 Posted 06/09/2023  5:50 pm  Show Profile   Bookmark this reply Add coin-mania to your friends list Get a Link to this Reply
Thank you so much both of you for help and provided information.

But unfortunately I didn't ask what is a difference between PL and MS. I know it.

I've asked what is a difference between PL and "Uncirculated Set Issue MS".

If you go to eBay, NGC registry or another resources you could see coins graded in PL grade, coins graded in MS grade and coins graded in "Uncirculated Set Issue MS" for the same year (example 1972).

Theoretically all Canadian coins from Uncirculated sets are proof-like and should be graded as PL. Why NGC uses another category "Uncirculated Set Issue MS" and what does this category mean. It's PL or MS or something also?
Pillar of the Community
United States
1451 Posts
 Posted 06/09/2023  6:12 pm  Show Profile   Bookmark this reply Add datadragon to your friends list Get a Link to this Reply
All I can find so far is that Uncirculated Set Issues are a Collection of Brilliant Uncirculated Coins from 1968 to 2010 as described in the Charlton Catalogue of Canadian Coins v.2. These brilliant uncirculated coin sets were a continuation of the Proof-Like sets issues only issued in nickel rather than silver. In 2011 the mint discontinued the brilliant uncirculated (Charlton v.2, 4th Edition, Pg. 338) finish and issued circulation strike coins in sets.

So that may be why 1967 you see PL and 1968+ you can see the Uncirculated Set issues MS (Mint State or graded with a grade)
https://coins.www.collectors-societ...aspx?s=12321
Valued Member
United States
125 Posts
 Posted 06/09/2023  7:51 pm  Show Profile   Bookmark this reply Add joewobblie to your friends list Get a Link to this Reply
I agree with datadragon.
I see ICCS use the term Numismatic BU often referred to as NBU for these coins that are from later Prooflike Sets. You can search for the term on eBay to see some. I don't really collect these dates so am not completely sure.
New Member
Topic Starter
United States
6 Posts
 Posted 06/11/2023  10:08 am  Show Profile   Bookmark this reply Add coin-mania to your friends list Get a Link to this Reply
Thank you so much to everyone for your help and advise.

There are some findings after deep diving into lot of catalogs and list of auctions.

It looks like all coins from Canadian mint sets between 1954 and 1967 were graded as PL and they are continue grading as PL category. At least I didn't find any coin before 1968 graded as "Uncirculated Set Issue MS".

It was some grace period (between 1968 and 1978) when coins from mint sets were continue graded as PL. But new category/grade "Uncirculated Set Issue MS" was used for coins from those mint sets too.
It looks like that NGC uses PL and "Uncirculated Set Issue MS" grades as interchangeable terms. Coins graded as PL could be added into uncirculated NGC competitive sets and opposite.
Currently all coins from mint sets since 1968 are graded as "Uncirculated Set Issue MS".
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