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<p>[QUOTE=&quot;borgovan, post: 444398, member: 13016&quot;]Once a proof coin, always a proof coin. Proof refers to the method of production, not the condition. </p><p>&nbsp;</p><p>When a proof coin has defects, it is merely graded lower, just like a business strike. These proofs are commonly referred to as &quot;impaired proofs&quot;, and may be issued grades lower than 60. For instance, it is perfectly acceptable to refer to a circulated proof coin as PF-40.[/QUOTE]</p><p><br /></p>

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