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<p>[QUOTE=&quot;physics-fan3.14, post: 2319131, member: 19165&quot;]There really is no hard and fast rule as to the relative value between PL and Proof strikes. Each series is different. For the Morgan, it is almost always readily apparent which one is proof and which one is prooflike (the differences go way beyond the character of the mirrors). You can look at a fantastically DMPL strike and a brilliant proof of the same date - and, for someone who knows what they are looking at, the difference will still be immediately obvious (usually). This is for Morgan Dollars, of course. For the same grade, the Proof will (usually) be more expensive than the DMPL. Again - there are no absolutes, because for every rule, there is an exception. </p><p><br /></p><p>The discussion becomes far trickier when you move to other series beyond the Morgan. For example, take a look at the coins shown below. The Flying Eagle cent was struck from dies known to have struck proof coins (the PR-1 die pair). However, if you look at the &quot;fabrique&quot; of the coin, it is clearly a business strike (and is so designated by NGC). A proof of the same grade would be worth about 5x more than the business strike. </p><p><br /></p><p>Now look at the 3CS. It was struck from dies which are predominantly known for business strikes (and exhibits quite a bit of die polish, which is less common on proofs). The planchet has a couple of notable flaws. However, the rims are squared, and the &quot;feel&quot; of the coin is a cameo proof. Dealers and experts are split 50/50 over which it is. A proof would be worth about 1/3 of the value of the business strike (NGC called it MS). </p><p><br /></p><p>When collecting 19th century coinage, be aware that proof dies were often used for business strikes (Bust halves and seated coinage are especially well known for this). Determining proof vs. prooflike can be tricky, and expert knowledge is required. The Morgan is relatively straightforward, comparatively.&nbsp; </p><p><br /></p><p><img src="http://i277.photobucket.com/albums/kk68/physicsfan/prooflike/IMG_1270%20copy_zpsmarc6ewu.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><img src="http://i277.photobucket.com/albums/kk68/physicsfan/prooflike/IMG_1291%20copy_zpsl9ugaynp.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><img src="http://i277.photobucket.com/albums/kk68/physicsfan/prooflike/aaf28acf-47f3-4f53-a76a-23745ac17125_zpsi0tp1v1v.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><img src="http://i277.photobucket.com/albums/kk68/physicsfan/prooflike/2e506440-a344-45e4-b0e4-adbd01c451b2_zpsqjioqwbt.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" />[/QUOTE]</p><p><br /></p>

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