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<p>[QUOTE="lordmarcovan, post: 2780706, member: 10461"]Good point. We Americans are often insular and too forgetful of how things are in other parts of the world. There are certainly far more collectors in the so-called "developed world". I read an interesting <a href="http://www.antiquesage.com/intriguing-relationship-coin-prices-gdp/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.antiquesage.com/intriguing-relationship-coin-prices-gdp/" rel="nofollow">article</a> recently about that.</p><p><br /></p><p>As to how long a proof coin stays a proof, the answer is <i>forever</i>. Once a proof, always a proof. You see, "proof" is a <i>method of manufacture</i>, not a condition.</p><p><br /></p><p><a href="http://www.ebay.com/itm/1858-Indian-Shield-Rev-Cent-Pattern-Judd-J-212-PCGS-PR06-CAC-Lowball-Proof-1c-PF-/292095099524?hash=item4402398284:g:NccAAOSwZd1VYUqa" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.ebay.com/itm/1858-Indian-Shield-Rev-Cent-Pattern-Judd-J-212-PCGS-PR06-CAC-Lowball-Proof-1c-PF-/292095099524?hash=item4402398284:g:NccAAOSwZd1VYUqa" rel="nofollow">This coin</a>, for example, is a proof that got circulated. Its grade is PR06 - that's a 6 on the Sheldon grading scale of 1 to 70! But it's still a proof, because that refers to the way it was <i>made</i>, not the condition it's in. (It also happens to be a rare pattern coin, but that's beside the point.) Again, "proof" refers to how a coin was made.</p><p><br /></p><p>It's like the soldier metaphor I used earlier. Take that Indian cent pattern I just linked to. That particular soldier was issued wearing his finest dress uniform (in other words, the coin was issued as a proof). He did not wear his combat fatigues (in other words, this was not a regular strike designed to circulate). But he still ended up going into battle (circulation) anyway, so now his dress uniform is all worn out! But that doesn't change the fact that the coin is a proof, even though most proofs will grade over 60 on the Sheldon scale (PR63, PR65, etc.) To see a PR06 is unusual, since few proofs circulated.[/QUOTE]</p><p><br /></p>
[QUOTE="lordmarcovan, post: 2780706, member: 10461"]Good point. We Americans are often insular and too forgetful of how things are in other parts of the world. There are certainly far more collectors in the so-called "developed world". I read an interesting [URL='http://www.antiquesage.com/intriguing-relationship-coin-prices-gdp/']article[/URL] recently about that. As to how long a proof coin stays a proof, the answer is [I]forever[/I]. Once a proof, always a proof. You see, "proof" is a [I]method of manufacture[/I], not a condition. [URL='http://www.ebay.com/itm/1858-Indian-Shield-Rev-Cent-Pattern-Judd-J-212-PCGS-PR06-CAC-Lowball-Proof-1c-PF-/292095099524?hash=item4402398284:g:NccAAOSwZd1VYUqa']This coin[/URL], for example, is a proof that got circulated. Its grade is PR06 - that's a 6 on the Sheldon grading scale of 1 to 70! But it's still a proof, because that refers to the way it was [I]made[/I], not the condition it's in. (It also happens to be a rare pattern coin, but that's beside the point.) Again, "proof" refers to how a coin was made. It's like the soldier metaphor I used earlier. Take that Indian cent pattern I just linked to. That particular soldier was issued wearing his finest dress uniform (in other words, the coin was issued as a proof). He did not wear his combat fatigues (in other words, this was not a regular strike designed to circulate). But he still ended up going into battle (circulation) anyway, so now his dress uniform is all worn out! But that doesn't change the fact that the coin is a proof, even though most proofs will grade over 60 on the Sheldon scale (PR63, PR65, etc.) To see a PR06 is unusual, since few proofs circulated.[/QUOTE]
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