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<p>[QUOTE=&quot;Zingewill, post: 1607282, member: 36560&quot;]Proofs were developed by the Treasury as a means of displaying and testing die types for coins. Today, though, the Proof system is a supplementary branch of the Treasury that produces superior-quality coins not intended for circulation. It sells them to the customer in prepackaged sets that give the Treasury a little extra money on the side for its functions. Since 1968, they have only been produced with an &quot;S&quot;- for the San Francisco Mint. Before then they were all produced by the Philidelphia Mint.</p><p>This is important for the grading scales because Proof coins have their own population charts seperate of the Business strikes- and therefore they have a completely different value. An MS66 coin most likely has a value that is different then a PF66 coin- it depends on the surviving population and the conditions of such coins.[/QUOTE]</p><p><br /></p>

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