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<p>[QUOTE=&quot;Numismat, post: 1989724, member: 15019&quot;]I don&#039;t personally collect Pandas or any ultra modern in general, but I always get puzzled by this.</p><p><br /></p><p>MS Panda: <a href="http://www.ebay.com/itm/1994-China-Silver-Panda-coin-S5Y-NGC-MS69-Frosted-Gap-Rare-Version-/161430830682?pt=US_World_Coins&amp;hash=item259606fe5a" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.ebay.com/itm/1994-China-Silver-Panda-coin-S5Y-NGC-MS69-Frosted-Gap-Rare-Version-/161430830682?pt=US_World_Coins&amp;hash=item259606fe5a" rel="nofollow">http://www.ebay.com/itm/1994-China-Silver-Panda-coin-S5Y-NGC-MS69-Frosted-Gap-Rare-Version-/161430830682?pt=US_World_Coins&amp;hash=item259606fe5a</a></p><p><br /></p><p>Proof Panda: <a href="http://www.ebay.com/itm/1994-Silver-Panda-Coin-Proof-NGC-PF70UC-Rare-/151401622814?pt=US_World_Coins&amp;hash=item23403d6d1e" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.ebay.com/itm/1994-Silver-Panda-Coin-Proof-NGC-PF70UC-Rare-/151401622814?pt=US_World_Coins&amp;hash=item23403d6d1e" rel="nofollow">http://www.ebay.com/itm/1994-Silver-Panda-Coin-Proof-NGC-PF70UC-Rare-/151401622814?pt=US_World_Coins&amp;hash=item23403d6d1e</a></p><p><br /></p><p>Both have identical frosted relief features and mirrored fields. How is it that they are not both proof?[/QUOTE]</p><p><br /></p>

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