How low will a Proof coin be graded ( by the top 3 ) and still have the Proof designation? I ask this because I have a 2000 S Silver South Carolina Quarter as a pocket piece, I'm planning on getting it graded one day in the distant future. I've been carrying it for about 3 years now but it has a long way to go to be a cool lowball. 90% Silver is tuff to "honestly" wear down! I'll take and post pics if there is an interest.
Its silver, so by definition it would be recognizable as a proof. I would say as long as they could identify the state, (therefor the year), it would get slabbed. By definition 1 is the lowest grade if they can be sure of its attribution. Btw, silver is a lot easier to wear than clad is. Those clad coins are tough.
yep all way down to a 1 if you can tell it is a proof, like a proof only issue. I guess in theory a coin could be a well circulated proof and never be attributed as such.
Unless I am wrong it's graded just like a business strike, except PF is used instead of a condition grade. It goes from 01-70 just like the regular scale. I wouldn't worry about them not slabbing it, you can tell a proof coin easily even after years of wear (it's from the specially polished planchets that proof coins are struck on). Proofs were never meant to be circulated and exhibit a level of detail from multiple strikes that a business strike that is only struck once can't hope to match. These fine details wear quickly when in use especially on coins that are 90% precious metal. I'd slab that sooner rather than later if I were you or at least stop carrying it around.
I think he is using it as a pocket piece TO wear it down. Sounds like he is trying to create a "lowest grade collection" coin.
It would be worth quite a bit more than a PF65 would be. I don't get it either, but its the economics of it.
The proof designation is simply a method of manufacture and is not a grade. Therefore, all grades are available for proof coinage as long as the coin can be identified as a proof. I own a PR10, but have seen as low as PR3 in holders.
Exactly. In the case of a 2000 silver quarter...it should be easily identifiable as a proof no matter how worn it is as long as it can be determined to be a 2000 quarter. Since the only examples of these in silver were proofs...they should be gradable all the way down to PF01.
Thanks for the input from all. The coin had milk spots from the Mint, so I just figured why the heck not. I'll post a few pics when I get some spare time.
And since it's a statehood quarter and silver, you could wear it down to almost nothing and it would still be identifiable just by whatever is left of the center of the reverse design, even if the entire obverse were worn away and the 99% of the reverse had worn away. You wouldn't need to even see the date or mintmark to make the positive identification. Definitely possible to get a PR01 grade if you're patient enough to wear it down
