I was wondering, what is the normal grades for proof coins directly from the mint and out of proof sets. Is there an average grade? I usually would say 69 unless I see spotting or toning. I downgrade if the eye appeal decreases, or it is not a strong strike. In older sets such as 50's and 60's would the average grades be 67 and 68's since the proofing process was not as refined as it is today? An example I have is a 1957 Franklin from a set. By my observation and going by the guidelines of ANACS I put it at 69. Most of the ones I have seen slabbed that compare to mine and are slabbed only reach 67. Is it common then that older proofs are tougher to give the highest marks? I appreciate any insight. Thank you
I don't know of a single PF70 Morgan dollar, for example, and PF69s are exceedingly rare. Nowadays, PF70 and 69 ASEs are a dime a dozen.
I don't feel you can put an average on sets from the 50s or 60s that would mean anything. Each coin is on it's own. They could grade anything. Probably between 60 and 67.
Most proof sets from the late 1990s /21st century (basically since the State Quarters started) should average PF 69 (with the occasional PF 68 and some portion being PF 70). The 1950s-1960s are a very different period. The US Mint was not as strong in producing proofs. PF 69s are quite rare and expensive for that period. Even PF 67s are uncommon for the 1950-1954 era; starting in 1955 PF 67s become more common (and less pricey). Grading proofs can be tougher than business strikes. You really have to look for hairlines. If your 1957 has any evidence of them (even small ones), there would be no chance for a PF 69. Most likely it would fall in the PF 65-67 range.
Here is a brief overview of proof halfs (with more of a focus on cameos): http://www.randicoins.com/store/pc/CameoHistory-d21.htm
The easiest way to kind of guesstimate an average for a year would be to look at price guides. Once the big price jumps start happening generally you will know those coins are well above average grades for the year.
I really appreciate all of the great feedback and insight! Like this 1957 Franklin, is it hairlines with the naked eye or under magnification that constitute the grade? Thanks again to all~
I put a 68 on it because I don't feel qualified to do that, but I see no hairlines or toning. Good surfaces with some luster. What is the forum's opinion?
The TGS use halogen lighting, which allows the hairlines to be seen easier. Courtesy of the Rick Tomaskus coin show. Can actually learn a lot there, and see dream coins. Of coarse I never buy there. Too much overhead for good pricing. Imo.
