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<p>[QUOTE=&quot;Richard01, post: 110459, member: 2700&quot;]Actually, circulated or not, it is still a proof.</p><p>Proof coins can grade below 60 for just this reason. Once a proof, always a proof as a proof coin, as stated above, is minted with a different planchet and process. So PR50 is a legitimate proof grade, as an example. This happens with some old buffalo nickel proofs, since the regular coins were very prooflike themselves, a number of proof samples ended up getting into the mainstream as folks did not really recognize them, or care enough to keep them. They now show up in holders with PR designations, but numeric grades that could go down to the VG level or less (though I&#039;ve never seen such). It would still be a proof.[/QUOTE]</p><p><br /></p>

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