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Need Help With Grade Terms Again

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Canada
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 Posted 02/23/2013  11:56 am Show Profile   Bookmark this topic Add macdon to your friends list Get a Link to this Message Number of Subscribers
In the Charlton 63rd 2013 edition it has a MS66 grade for a 1951 Canadian silver dollar. I have several of these coins that have been graded by ICCS and PCGS as PL66. Is this the same grade as Charlton or is MS66 something different. Thanks for replies
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Canada
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 Posted 02/23/2013  12:00 pm  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
Something different.The PL prefix denotes coins specially struck for collectors.The MS prefix is for coins struck for circulation.As a general rule,PL66 are much more common than MS66 and are valued accordingly.

PCGS population reports show 137 PL coins graded 66 or higher,and only 19 MS coins 66 or higher.
"Dipping" is not considered cleaning...
-from PCGS website
Edited by DBM
02/23/2013 12:12 pm
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 Posted 02/23/2013  12:04 pm  Show Profile   Bookmark this reply Add aardspeed to your friends list Get a Link to this Reply
PL is PROOF LIKE, while MS is MINT STATE, OR UNCIRCULATED...
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PL60-69 - Proof-Like. Coin minted for collectors using polished blanks rendering a polished coin with cameo frosted highlights. A common mistake among novice collectors is to mistake MS65 and PL65. With most coins, the MS65 coin would be more desirable despite the fact it is less flashy. MS65 coins had to first be released into circulation whereas PL65 was intentionally struck to be a showpiece for a collector set and was protected and saved. Thusly, although PL65 is to many collectors a more eye appealing coin, MS65 is generally a lot rarer and thusly more costly when comparing PL and MS in the same coin.
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MS66/7+ - A wonder coin, probably without peer in existence. Coins like this are beyond rare. Probably one of the first coins struck from a pair of new dies and immediately properly preserved, i.e. by a museum or V.I.P. given the coin as a presentation on the first day of release or some such situation. Only a few coins total exist in this grade. Normally such a coin would have blazing fiery luster, razor sharp rim edges and all details struck as high and as sharp as the die will allow. Light peripheral toning a possibility.
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