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<p>[QUOTE="jody526, post: 18760, member: 578"]Usually, prices are a reflection of supply on demand.</p><p><br /></p><p>In the case you have mentioned, I believe that a higher number of Proofs have survived in a higher state of preservation. So, it is easier to find a Proof, that would grade high, than it is to find a business strike, of the same date, that would merit a simular numerical grade.</p><p><br /></p><p>It is my understanding, that business strikes were minted for overseas commerse, and it is likely that a high percentage of the total mintages saw at least some amount of circulation, while Proofs were minted for collectors, and it is just as likely that most of those have remained in collections, and have been well taken care of.</p><p><br /></p><p>To put it simply, there are more PR-65's available to collectors, than there are MS-65's. </p><p>So, it stands to reason, that collectors are willing to pay more for the harder to locate coins.[/QUOTE]</p><p><br /></p>
[QUOTE="jody526, post: 18760, member: 578"]Usually, prices are a reflection of supply on demand. In the case you have mentioned, I believe that a higher number of Proofs have survived in a higher state of preservation. So, it is easier to find a Proof, that would grade high, than it is to find a business strike, of the same date, that would merit a simular numerical grade. It is my understanding, that business strikes were minted for overseas commerse, and it is likely that a high percentage of the total mintages saw at least some amount of circulation, while Proofs were minted for collectors, and it is just as likely that most of those have remained in collections, and have been well taken care of. To put it simply, there are more PR-65's available to collectors, than there are MS-65's. So, it stands to reason, that collectors are willing to pay more for the harder to locate coins.[/QUOTE]
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