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<p>[QUOTE="ddddd, post: 3526240, member: 22377"]Others have given a general idea of what the term means.</p><p><br /></p><p>If you see it on a holder from one of the big companies (NGC, PCGS, Anacs, ICG), those are usually from bulk submissions from big dealers (like the ones that sell coins on TV or in magazines). They can set a level under which coins will just be labeled as “Gem Proof” (usually this would be anything below PF 69 for modern mint issued coins). This is done either because it can cost less or just to help sell the coins (it’s easier to market something as a gem proof than an “off” grade).[/QUOTE]</p><p><br /></p>
[QUOTE="ddddd, post: 3526240, member: 22377"]Others have given a general idea of what the term means. If you see it on a holder from one of the big companies (NGC, PCGS, Anacs, ICG), those are usually from bulk submissions from big dealers (like the ones that sell coins on TV or in magazines). They can set a level under which coins will just be labeled as “Gem Proof” (usually this would be anything below PF 69 for modern mint issued coins). This is done either because it can cost less or just to help sell the coins (it’s easier to market something as a gem proof than an “off” grade).[/QUOTE]
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