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Author	Replies: 4 / Views: 921
snitchard Valued Member United States 420 Posts	Posted 10/26/2008 2:15 pm Hello, I'm currently looking at purchasing a commemorative coin The 2005 Marine Corps 230th Anniversary. "The Red Book" lists a PF-67 graded coin at $50. What is the difference between PF-67 and Proof? Also, an online coin shop has that same coin for $108, why so high? "The Red Book" lists the mintage at 548,810. My local coin dealer is currently holding 2 commemorative coins for me "The Red Book" cost of both coins added together is $65. My local coin dealer is selling both to me for $64. Why are the online dealers so high? Thanks, Rich Report this Post to the Staff

wd1040 Pillar of the Community United States 3098 Posts	Posted 10/26/2008 2:22 pm I think the online dealers are like ShopAtHome. They basically have unlimited access to advertising to non-collectors, so they want to, although almost 1 in a million, hit a unknowing buyer who would be paying for that price. Report this Post to the Staff
norseman012 Valued Member United States 357 Posts	Posted 10/26/2008 2:45 pm Hi PF 67 just means the the coin is a proof and the 67 means the degree or quality of the proof coin PF60 To PF70 and you will find out in time that a local dealer is always a good source for modern commemorative coins and online dealer in this case are selling modern stuff at higher prices to people that dont have a dealer near by with common commemorative's or are out of them. do your research and you will learn alot about this hobby as time goes by. Report this Post to the Staff
Bilbo Pillar of the Community United States 812 Posts	Posted 10/26/2008 3:36 pm U. S. coins are usually graded on the 70-point Sheldon scale. Po-1 (Poor-1) is severely worn and barely identifiable. MS-70 (Mint State-70) is uncirculated and "perfect." Proof coins use PF (or PR) instead of MS. A PF-70 coin would be a "perfect" proof coin. Marks and other imperfections to the proof coin can lower this number, possibly as low as PF-60. Most modern commemoratives are going to be PF-66 to PF-69. A proof coin that ended up in circulation would be assigned a number lower than 60, indicating the level of wear. But it would still be a PF since proof refers to the minting process, and not the current condition of the coin. PF-70 coins (especially those graded by PCGS and to a lesser extent NGC) carry a significant premium to value. Beware of PF-70 coins graded by lesser grading companies. There are a lot of them out there. Edited by Bilbo 10/26/2008 3:51 pm Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 10/26/2008 5:55 pm Quote: Also, an online coin shop has that same coin for $108, why so high? "The Red Book" lists the mintage at 548,810. My local coin dealer is currently holding 2 commemorative coins for me "The Red Book" cost of both coins added together is $65. My local coin dealer is selling both to me for $64. Why are the online dealers so high? 1. On line dealers have to pay for electricity for their computers. 2. On line dealers think people are stupid. 3. On line dealers prey on the fact that you do not have access to a coin show or coin store. 4. And just think you do not have to pay postage, handling, insurances, etc at that coin store. Plus as you get to know that coin store person, you could actually: Make a freind, get lots of good deals, maybe get someting free. And just think, no stories about it getting lost in the mail. Report this Post to the Staff
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