There is such a grade. But were that any coin but a Proof, it never would have made it into that slab.
Is it just me or are circulated proofs very bizarre looking? http://coins.ha.com/common/view_item.php?Sale_No=1117&Lot_No=1538#photo
wow! i thought this one was bad, that one wasn't even close with that grade, that's about a PF 40 at best.
Interesting, I would have thought this may fit the new TPG Standard. Returned as "PR Authentic" but ungraded.
There is definitely a Proof 58 grade. I owned a 1961 proof half dollar DDR (FS013) and it was in an NGC PF58 holder. I sold it to Rich Errors several years ago. This 1893 Morgan is really quite attractive and it gets complements under normal room lighting. As soon as you turn on one light bulb, the complements stop. Very best regards, collect89 P.S. No cameo designation. The cameo comes & goes when you view at different angles so it doesn't get cameo designation.
If you want to see circulated proofs look at 1895 Morgans and Gobrechts. A PR58 is one that was probably never spent, but was mishandled at some point.
That's a good point, and one that's lost on many collectors. IMO, the facts are that the TPGs are far more lenient when it comes to damage/cleaning on proofs than they are on business struck coins.
Grading or Opinion? Personally I never can quite figure out the grading scale. You think you have a really good coin and then find out you can barely get the face value. :desk: These coins are uncirculated with goldtone, although I was having a hard time getting a good photo without the glare or my reflection in the coin. PCGS shows the highest grading of 12 coins at 66 without any proofs being made and the price guide showing a value for upto 64. How would you determine what grade uncirculated should be at.
Well that depends on what grading standards you are using. If you follow the PCGS standards it's a bit tougher to figure them out and it requires a certain level of experience until you learn what it is that they expect for a certain MS grade. But to do that you also have to be able to determine which of the coins in a given grade were over-graded or undergraded and not use them as examples or you will be all screwed up. The ANA standards are a bit easier to figure out, but they are more strict than those used by PCGS. But they do give rather good descriptions of each individual grade which PCGS does not do.