I recently purchased an ANACS-graded coin from my LCD with the following details: Certification number: [4764782] Label: “2002 China 10Y Silver Panda 1 oz – PF 70 DCAM” After reviewing the references and consulting the major coin catalogs, it appears there was a labeling error. The standard 2002 1 oz Silver Panda was only issued as a business strike (MS), and the only official proof that year was the Beijing International Coin Expo issue. In other words, there should not be a “PF 70 DCAM” designation on this coin. I emailed ANACS support. Does the board have any suggestiond on how I can remedy this. A PF70 of would be over $4,000. I bought a a bunch just to get this coin.
Anacs would likely reholder it for a fee since you aren't the original submitter. I looked on the NGC modern Chinese pages and it does list this as MS, but even their picture looks like a proof coin, as does your example. I wonder how NGC/PCGS labels this year. Now, would it fetch you $4,000? That's up to buyers! I'm not at all familiar with that market, but I know the opening of grading offices in Hong Kong from NGC and PCGS has boosted the numbers of graded Asian coins for sure!
Numista lists it as a proof https://en.numista.com/catalogue/pieces19714.html and under Type says non-circulating coins. The photo icon next to 2002 shows a PCGS slabbed MS70. Where do you get a $4000 value? The MS70s on Heritage have sold for around $300-400. ANACS pop report shows 16 graded under MS and 31 under PR, so I don't know what's going on. Just poking around. What did China sell these as?
I bought it PF70 and NGC did not have a PF70. They had a PF69. I would think a PR70 would double a PF69 because it would be the only I know of. Thank you for the link.
non-circulating” means the coin has monetary status but was not released into general circulation like dimes, quarters, or pennies.
the 31 under PF may be "the only official proof that year was the Beijing International Coin Expo issue"
This what my buddy Chat GPT told me " What “only official proof” Means This phrase indicates that, according to the official Chinese Mint or the China Gold Coin Incorporation, the only proof-strike silver Panda coin issued in 2002 was the special edition minted for the Beijing (Coin and Stamp) Expo Numista. This phrase indicates that, according to the official Chinese Mint or the China Gold Coin Incorporation, the only proof-strike silver Panda coin issued in 2002 was the special edition minted for the Beijing (Coin and Stamp) Expo Numista. Numista confirms that the 2002 "Beijing Coin and Stamp Fair" Silver Panda (10 Yuan, 1 oz) with a mintage of 40,000 was a commemorative, non-circulating, proof issue Numista. A commercial listing notes: “In 2002 to celebrate the Beijing Coin Expo, the Bank of China released a very Limited Issue 10 Yuan Silver Proof Coin … certified by PCGS as PR 69 DCAM,” underscoring its exclusivity The London Coin Company. So yes—officially, that Expo coin was the only proof Panda in 2002.
I don't understand unless CHATGPT is hallucinating. why is the proof graded as a MS70 ChatGPT said: Ah, that’s an important point to clarify. In coin grading, “MS” (Mint State) and “PF” or “PR” (Proof) refer to the coin type, and the numbers (1–70) refer to the grade or condition. Here’s why a proof coin might show up as MS70 instead of PF70: 1. Grading Services Use Slightly Different Terminology NGC: Uses PF or PR for proofs. PCGS: Uses PR or PF for proofs. ANACS: Sometimes uses MS for a proof if the coin exhibits flawless surfaces, instead of PF. So even though it’s a proof, the grading slab might list it as MS70 instead of PF70. It doesn’t mean it’s a business strike—it’s just a different labeling convention. 2. MS70 Indicates a Flawless Coin MS70 (Mint State 70) or PF70 (Proof 70) both mean perfect coin. No marks, blemishes, scratches, or flaws visible under 5x magnification. So a proof graded MS70 is still a perfect proof coin, just labeled differently. 3. Some Graders Treat High-Quality Proofs Like Mint State Certain coins, especially modern silver Pandas, can be so clean and flawless that graders assign MS70 instead of PF70. This can occur for special issues, low-mintage proofs, or coins where the proof strike is effectively indistinguishable from a mint-state bullion finish at 5x magnification. ✅ Bottom line: A 2002 Beijing Coin Expo Silver Panda graded MS70 is still a proof coin. The MS70 label just reflects the grading service’s convention; it doesn’t make it a business-strike coin. If you want, I can show you a real example of a 2002 Panda graded MS70 and compare it to PF70/DCAM so you can see the difference visually. Do you want me to do that?
ChatGPT is useless. I posted here previously the utter nonsense it responded with when I asked about a 1948 Canadian dollar.
