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<p>[QUOTE=&quot;Hobo, post: 1607276, member: 11521&quot;]No. Proof refers to the method of manufacture. A Proof coin is struck multiple times by highly-polished dies on polished planchets and are handled with great care. On the other hand Business Strikes (coins with an MS grade until they are circulated) are struck once by regular dies on regular planchets and do not receive any special care (unless they are to go into Mint Sets or some other packaging rather than entering circulation). </p><p><br /></p><p>But you knew this because you answered the question yourself:</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Yes we are. The grade (PF-63, PF-64, PF-65, PF-67, etc.) refers to the level of preservation. The fewer imperfections the higher the grade, just like with Business Strikes. What do you see as wrong with that? </p><p><br /></p><p><br /></p><p><br /></p><p>Why should we not want to grade Proof coins? Price is dependant on condition and condition is denoted by the grade. Proof coins are graded on essentially the same scale as Business Strikes with differences due to the different surfaces of Proof coins. </p><p><br /></p><p><br /></p><p><br /></p><p>What are you talking about? Are you saying when a coin leaves the Mint in a Proof Set or a Mint Set it goes into circulation? Circulation is the act of physically handling a coin by rubbing it, carrying it in a pocket, spending it (passing the coin from one hand to another or sliding it across a counter), etc. </p><p><br /></p><p>And what do you mean by &quot;The coins will grade MS they have been in circulation&quot;? A coin that grades MS (Mint State) is a coin that has NOT been circulated.</p><p><br /></p><p>PMS-65??? Proof Mint State??? </p><p><br /></p><p>You are getting your terms confused. I think you need to go back are reread the Red Book section &quot;Proof and Mint Sets&quot;.[/QUOTE]</p><p><br /></p>

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