| Author |
 Replies: 9 / Views: 14,195 |
|
|
New Member
Canada
3 Posts |
Good day all My first post on this forum. I have been in and out of coin collecting over the years and I would like to post this basic question. How does one tell the difference between a Canadian proof like ( numismatic BU now I believe ) and a high grade MS coin? Is it possible that a PL coin might slip through as a high grade MS among TPG companies such as ICCS? Thanks. |
|
|
|
Pillar of the Community
Canada
1733 Posts |
I've seen obvious PL's in MS holders but find it's more likely to happen in some US TPG's. PL coins are made on polished planchets. In my opinion the best coin to compare with for first time viewing is the 1964 Canada Charlottetown Quebec Commemorative Dollar. MS and PL versions are readily available at low prices and the fields are so large it becomes obvious. Where I see the most trouble is on toned ten cent pieces with PL coins slipping through as MS. |
|
Pillar of the Community
Canada
686 Posts |
I have a 1953 NSS 25 Cent coin that I bought ICCS graded PL64. I had taken it out of the flip when I bought it (years ago), and recently decided to send it back in. It came back MS64. I was quite disappointed, but it goes to show that it can happen.
I find the denticles on MS/PL coins appear different and are the most distinguishable feature to me on older coins where I am otherwise unsure. I do not have any pictures readily available to demonstrate what I mean though.
In general though, if you are thinking of sending a bunch of PL coins to ICCS in hopes that they will send them back as MS65's or higher, I wouldn't bank on it.
|
|
New Member
 Canada
3 Posts |
NO - I am not thinking of sending PL coins to ICCS hoping that they will come back as MS. I want all my coins to be correctly graded - high or low grades! I hope to learn how to distinguish PL from high grade coins so that I really know the difference myself. I am not a fan of misrepresented, fake, non-genuine, over graded or doctored coins.
Cheers.
|
|
Valued Member
Canada
351 Posts |
By PL do you mean "Proof Like"? Because that is how I always refer to an MS coin with surfaces which appear close to that of a proof coin.
|
|
Pillar of the Community
Canada
686 Posts |
By PL he is referring to coins that were made by the mint designed as collectables and sold in Proof Like sets starting in 1954 (and by other means prior to 1954), and more recently in the Uncirculated sets that the mint produces today. At least that is how I understand his meaning of PL.
|
|
Pillar of the Community
Canada
1248 Posts |
Hello, Great questions and super subject affecting nearly all of us.  Am curious as to how this coin would be designated. here are pictures of WHAT::::;;?  Is this 1952 nickel a PL -Prooflike or whatever Nu etc nickel?  or a MS 60+++++(how many +?) something Business strike? How would it be graded PL or MS ? and what grade?/ the pictures are very difficult to take, as the surfaces are very shiny and reflections are immense. So I did the best I could eliminating reflections and with reflections.    |
|
Valued Member
Canada
166 Posts |
Hello Jg86,
The major grading companies have decided that there is no such thing as a 1953 nss pl coin (of any denomination). PCGS decided it in August of 2008 and if you have a 1953 nss pl coin they have already recategorized it as sp what ever the grade was. If you send it to them, they will re-slab it as such. ICCS made the switch earlier, but now only calls them ms.
|
|
Pillar of the Community
Canada
686 Posts |
Any idea why PCGS is calling it Specimen and ICCS is calling it Mint State? It should only be one or the other. I'm quite annoyed now! I spent significantly more on this coin when the PLs "existed". I should have never taken it out of its flap.
|
|
Valued Member
Canada
166 Posts |
Hi Jg86,
My best guess (and it is only a guess) is that because of PCGS's grading guarantee if you resubmit a PCGS coin and it comes back at a less valuable grade PCGS has some degree of (financial) liability. ICCS has no such guarantee. If you resubmit an ICCS coin and it comes back at a less valuable grade you are just SOL (and the last word is luck).
|
| |
Replies: 9 / Views: 14,195 |
|
Posted 04/27/2010 11:06 am
