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<p>[QUOTE=&quot;Hobo, post: 363188, member: 11521&quot;]Once a Proof, always a Proof even if the coin is heavily circulated.</p><p>&nbsp;</p><p><a href="http://rover.ebay.com/rover/1/711-1751-2978-71/1?AID=5463217&amp;PID=2803353&amp;loc=http%3A%2F%2Fcgi.ebay.com%2F1877-Proof-Indian-Head-Cent-Scarce-ANACS-PF-8_W0QQitemZ360043495798QQihZ023QQcategoryZ41085QQssPageNameZWDVWQQrdZ1QQcmdZViewItem" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://rover.ebay.com/rover/1/711-1751-2978-71/1?AID=5463217&amp;PID=2803353&amp;loc=http%3A%2F%2Fcgi.ebay.com%2F1877-Proof-Indian-Head-Cent-Scarce-ANACS-PF-8_W0QQitemZ360043495798QQihZ023QQcategoryZ41085QQssPageNameZWDVWQQrdZ1QQcmdZViewItem" rel="nofollow">Here</a> is a great example on eBay. This coin is an 1877 Indian Head Cent - the key date of the series. Grey Sheet Ask for this coin in Good is $800. </p><p>&nbsp;</p><p>The coin in the auction is a heavily-circulated Proof graded by ANACS as PF 8. This coin is identifiable as a Proof because it has the &quot;Bold N&quot; reverse used only for Proof strkes in 1877. Business strike coins that year used the &quot;Shallow N&quot; reverse. (The &#039;N&#039; is in the word &#039;ONE&#039;.)</p><p>&nbsp;</p><p>ANACS correctly graded this coin PF 8 because, even though it is heavily circulated, it is still a Proof.</p><p>&nbsp;</p><p>(An interesting quirk about 1877 IHCs is that Proof coins are less expensive than Uncirculated examples in the same grade. </p><p>&nbsp;</p><p>Grey Sheet Ask is:</p><p>&nbsp;</p><p>MS-60 $3,000 PF-60 BN $2,200</p><p>MS-63 -$4,050 PF-63 RB $2,750</p><p>MS-64 RB $7,100 PF-64 RB $3,400</p><p>MS-65 RB $11,000 PF-65 RB $5,500)[/QUOTE]</p><p><br /></p>

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