Hello Good night. I appreciate someone who can give me information about the grade PF 3 of NGC, because I did not know it until now. I understood that the scales for proof were from 60 to 70, so.. What does PF 3 mean? I have checked the NGC page, but I don't see anything about this. Thanks!
Where did you see this grade? I know circulated proofs are given grades below 60, but never heard of anything like this.
In this case. I believe that it is in fact a Proof graded 3. Proofs don’t necessarily HAVE to be above 60 - that’s only for the untouched ones. circulated proofs regularly get graded below 60 A coin of proof 3 would probably be identified as proof due to only proofs being made that year, or other clearly identifying features
It's possible to have any proof grade between 1 and 70. Some coins were issued only as proofs. So if the coin was mixed into circulation, it could theoretically wear down all the way to 1 (or 3 in this case).
This would be a pretty extreme case I don’t think I’ve ever heard of anything like it. Theoretically possible
Sounds like it is an impaired proof. Proof coins do sometimes wind up in circulation. As such it would be graded on the same scale as other circulated coins of it's type, with the additional PR description.
It would be extreme but PF 3 is a very uncommon grade. It can certainly happen with something like a proof Indian Head or Wheat Cent where someone spent it many years ago and it kept cycling through until someone found it.
@Seba79 that is what the grading services call "mechanical errors"...someone messed up and typed in the wrong thing. It might be PF 63 (missed the 6) or just completely wrong.
@ddddd Thank you, I was thinking something like that, but I was not sure. I have coins with year error, (the label shows an incorrect year) so I thought it could be something like this.
NGC will usually fix these for free if the original submitter sends it back (and likely for a new buyer as well). When it's an inexpensive coin, there can actually be a premium for such errors (people collect these label errors). However, for more expensive coins, the error can hurt the value and it would be wise to have the grading company fix it.
Strangely it is in there certificate lookup system under 3. it is interesting to see https://www.ngccoin.com/certlookup/2107806-027/3/
Why is that strange? You would hope that typing once puts the same data on the label as in the database... otherwise there's a huge window for errors.
