I was just scanning the lots of an online auction site. As expected, all 6 statehood quarters are in PCGS or NGC slabs. All MS65 or higher. However, I noticed 5 out of 6 were labelled "PL" for prooflike. I have only seen the prooflike designation on Morgan Dollars. When did they start doing this for statehood quarters?
I think its a bunch of baloney. They don't look much different to me an the designation probably only gets them a few bucks more. First Strike, Cameo, Deep Cameo, Ultra Cameo, *STAR*, now Prooflike???
Come on.
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Full Version: Prooflike quarters??
that has got to be the dumbest thing I have seen in a long time....
Yes it is a dumb thing, but so in my opinion is the numerical grading system that goes from 01-70 which in my opinion has no bearing on the attractiveness of a coin for me. It is another example of speculative investment taking precedent over collecting.
a wise man once told me that you cant polish a turd... but aparently you can add bells and whistles to it.
Thats a great saying. And there is so much truth to it.
I think the TPGs did that a while ago, designating any coins to be PL that were PL, not just morgans (though I am not sure if they extended DPL and DMPL to all series). In all, it means very little to most collectors.
well I can see it being used for morgans... as it does add to the rarity and hence the price of the coins...some morgans just dont come in PL let alone DMPL... for example I recently sold an 1891 CC that was in a PCGS MS63PL holder for 3 times more then the regular MS63 money just because it was a certified PL coin....but i guess these quarters are selling for $14 and up so ill quit ranting... now if they started labeling the PL morgans as "First Strikes"....man-o-man
QUOTE(LostDutchman @ Dec 11 2007, 01:58 PM) 
now if they started labeling the PL morgans as "First Strikes"....man-o-man
Don't give them any ideas. As a collector I could give a rat's bum less what some stupid piece of plastic says about the coin. It is what the coin says that does the talkin' for me. So by example:
The plastic tomb says it is a PF-62, it matters not a hill of beans what the plastic says, or even how snarfy this image looks. It is how it looks in hand, nice even rouge-ish toning all over the coin. From a low mintage year, where a high percentage of the mintage were proofs.
hey! nice coin! hahah
Scottishmoney I agree with you its what I see in the coin not what someone else see's
QUOTE(jtryka @ Dec 11 2007, 12:54 PM)
I think the TPGs did that a while ago, designating any coins to be PL that were PL, not just morgans (though I am not sure if they extended DPL and DMPL to all series). In all, it means very little to most collectors.
But, jtryka, I am not new to collecting. I've been browsing bourse floors for years and Heritage almost daily for a year and a half. I have never seen PL on any slab besides Morgans. Why suddenly do I see 5 of them in the same place?
Anyone want to host a contest to see who can find the most designations possible on a slab?
Look for:
- Prooflike - PL, DPL, DMPL
- Cameo - Cameo, Deep Cameo, Ultra Cameo
- First Strike
- Star designation
- Lineage - ex. Eliasberg, ex. Norweb, etc
- Problems - Whizzed, Cleaned, Details, ex-Jewelry, etc
- Any other qualifiers, taglines I'm forgetting
QUOTE(Scottishmoney @ Dec 11 2007, 10:23 AM)
Yes it is a dumb thing, but so in my opinion is the numerical grading system that goes from 01-70 which in my opinion has no bearing on the attractiveness of a coin for me. It is another example of speculative investment taking precedent over collecting.
The scheme had a purpose when it was devised by Sheldon for large cents. The base grade was worth 1 times a value. A full mint state was worth 70 times the same value. A base value of 1 dollar and full mint state is worth $70, 2 dollars and MS 70 is worth $140, etc. Not a bad scheme for a well known market and a point in time. I never understood how and why it translated into today's grading schemes. The quantitative scheme makes it seem that it is objective and 70 points makes it seem more exact (image if it were 1 to 100, when would BU start?), even though it is still a judgement call and an attractive MS-64 might bring more than an ugly MS-65 if buyers were truly rational. I guess it helps buyers feel confident that they are not being taken for a ride, but it killed my interest in collecting American coins.
Deadpoint, it went into effect in 2003, so I guess there just hasn't been enough time for the population of PL coins to grow. Here is the original announcement by NGC:
NGC Adds Important New Designations
Posted on 3/1/2003
Numismatic Guaranty Corporation is now applying the designations PL for Prooflike and DPL for Deep Prooflike to all United States and world coins that merit them.
Numismatic Guaranty Corporation is now applying the designations PL for Prooflike and DPL for Deep Prooflike to all United States and world coins that merit them. This service goes into effect immediately. Soon to be adopted is the designation FB for Full Bands, which will be applied to Roosevelt Dimes. NGC will begin certifying FB Roosevelt Dimes April 14, 2003.
NGC has been using the designations PL and DPL for some years with selected United States coin types, notably Morgan Dollars and many silver commemoratives, More recently, it has been applied to qualifying statehood quarters and Sacagawea Dollars. NGC's customers have called attention to the fact that other coin types sometimes feature Prooflike or even Deep Prooflike fields, and these qualities will now be acknowledged for all USA and world coins.
The designation FB for Full Bands will be applied to Roosevelt Dimes having both upper and lower pair of horizontal bands split with no major interruptions in the split. The FB designation will not apply to proof coins. Addition of the FB designation comes at the overwhelming request from NGC's collector and dealer base.
These designations will be included when applicable during the normal course of grading, and no special fee or service is required when submitting uncertified coins to NGC. For those having coins already certified by NGC and that may qualify for the PL or DPL designations, these may be submitted for review of their status under NGC's Designation Review service at a fee of $10. This includes the cost of reholdering the coin. Coins holdered by other companies may be submitted to NGC under its Crossover Service, and their PL or DPL status will be evaluated in the course of grading the coins. These same conditions will apply to Roosevelt Dimes submitted for the FB designation when this service begins April 14.
NGC Adds Important New Designations
Posted on 3/1/2003
Numismatic Guaranty Corporation is now applying the designations PL for Prooflike and DPL for Deep Prooflike to all United States and world coins that merit them.
Numismatic Guaranty Corporation is now applying the designations PL for Prooflike and DPL for Deep Prooflike to all United States and world coins that merit them. This service goes into effect immediately. Soon to be adopted is the designation FB for Full Bands, which will be applied to Roosevelt Dimes. NGC will begin certifying FB Roosevelt Dimes April 14, 2003.
NGC has been using the designations PL and DPL for some years with selected United States coin types, notably Morgan Dollars and many silver commemoratives, More recently, it has been applied to qualifying statehood quarters and Sacagawea Dollars. NGC's customers have called attention to the fact that other coin types sometimes feature Prooflike or even Deep Prooflike fields, and these qualities will now be acknowledged for all USA and world coins.
The designation FB for Full Bands will be applied to Roosevelt Dimes having both upper and lower pair of horizontal bands split with no major interruptions in the split. The FB designation will not apply to proof coins. Addition of the FB designation comes at the overwhelming request from NGC's collector and dealer base.
These designations will be included when applicable during the normal course of grading, and no special fee or service is required when submitting uncertified coins to NGC. For those having coins already certified by NGC and that may qualify for the PL or DPL designations, these may be submitted for review of their status under NGC's Designation Review service at a fee of $10. This includes the cost of reholdering the coin. Coins holdered by other companies may be submitted to NGC under its Crossover Service, and their PL or DPL status will be evaluated in the course of grading the coins. These same conditions will apply to Roosevelt Dimes submitted for the FB designation when this service begins April 14.
Most of the 1965 to date clad quarters sometimes appear as PL.
There are some dates (like the '74) which are quite scarce and some
that probably don't exist at all. The most common is the '72-D. Many
of the coins from the late'80's sets appear PL but are usually heavily
marked and unattractive.
Some of these are extremely PL and could be mistaken as proofs at a
glance. After 1986 the mint began burnishing many of their planchets,
especially those intended for mint sets, and very strong strikes from
new dies will appear PL. Some even have squared rims. The effect is
even more dramatic in cents and these often appear as virtual branch
mint proofs. Few have been graded so far which would explain why
they are rarely seen. Most of them account for between .02 and .5%
of mint set production and probably less than .001% of circulation is-
sues. I've seen far too few of the coins from circulation to make any
meaningful estimate of their incidence by date.
There are some dates (like the '74) which are quite scarce and some
that probably don't exist at all. The most common is the '72-D. Many
of the coins from the late'80's sets appear PL but are usually heavily
marked and unattractive.
Some of these are extremely PL and could be mistaken as proofs at a
glance. After 1986 the mint began burnishing many of their planchets,
especially those intended for mint sets, and very strong strikes from
new dies will appear PL. Some even have squared rims. The effect is
even more dramatic in cents and these often appear as virtual branch
mint proofs. Few have been graded so far which would explain why
they are rarely seen. Most of them account for between .02 and .5%
of mint set production and probably less than .001% of circulation is-
sues. I've seen far too few of the coins from circulation to make any
meaningful estimate of their incidence by date.
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