Proof-Like Vs. Uncirculated - Coin Community Forum

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Author	Replies: 5 / Views: 3,827
machine20 Pillar of the Community United States 1275 Posts	Posted 07/27/2014 10:19 pm Can someone please explain to me why there are both types out there, specifically pre-1968 dollars? I know about the proof-like sets, but it seems that the circulation dollars are also sometimes a proof-like and sometimes an uncirculated (satin) finish? I'm looking specifically at the 1958 Totem Pole. Is it just that the first coins off of newly polished dies are proof-like and then later coins have the uncirculated look? Info please! Report this Post to the Staff

denco7 Pillar of the Community United States 2543 Posts	Posted 07/27/2014 10:55 pm You are correct in your assertion that, proof like coins are usually from the first hundred pressed from newly polished dies. Proof coins are, of course, made from dies polished to a mirror finish. PL coins are made from regular business strike dies that are brand newly polished and the first few come out looking proof like. Report this Post to the Staff
DBM Pillar of the Community Canada 9862 Posts	Posted 07/28/2014 01:12 am This is the Canadian section of the forum. The Canadian definition of PL is different from the US definition. Canadian PL coins only come from PL sets,or individually issued PL dollars,struck specifically for collectors. Technically they are NCLT (Non Circulating Legal Tender). Though some business strikes may have mirror fields and frosted devices, they do not meet the Canadian definition of PL. "Dipping" is not considered cleaning... -from PCGS website Report this Post to the Staff
kuh_85 Pillar of the Community Canada 2366 Posts	Posted 07/28/2014 08:43 am Many sellers misuse the terms PL, UNC and BU to talk up their coins. PL coins are only found in sets issued from 1953 to 1967 (with some individual dollars as DBM mentioned and some individual coins from 1951-1952). They are struck using a different process and finer planchets than circulation coins. In 1968 the coins switched from nickel to silver and they were renamed BU. It took a while for ICCS to switch over so you see some early 70's coins still labeled as PL. ICCS now identifies these coins with the 'Numismatic BU' comment. In 2004 the mint started issuing some sets with UNC (circulation) strikes and then completely eliminated the BU coins in 2011 (IE 2010 was the last year of issue). Report this Post to the Staff
machine20 Pillar of the Community United States 1275 Posts	Posted 07/30/2014 01:38 am Thanks for the explanations! Report this Post to the Staff
SPP-Ottawa Moderator Canada 10456 Posts	Posted 07/30/2014 10:32 am ICCS still grades coins as PL, up to 1976. After 1976, they use "Numismatic BU" "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert Oppenheimer Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US My eBay store Report this Post to the Staff
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