I've never seen this grade before.

JoeLewis

This is not my coin. I'm just using it as an example. When did PCGS start using PL this way (as opposed to a suffix after the MS grade), and is it only used on world coins? I've never seen it before.

dunkleosteus430

As far as I know, it's been used as a prefix on specially made Canadian prooflike coins (kind of similar to our SMS coins.) I've never seen it on another country's coins. I'm sure you'll find more in the world coin forum.

1960NYGiants

The Maundy coins were generally struck with specially prepared dies. PCGS calls them PL. The coin in the OP photo obviously made it into commerce.

Che_Grapes

Doesn’t look too proof like….

MasonG

@Che_Grapes said:
Doesn’t look too proof like….

And this doesn't look like a proof, yet here we are...

jmlanzaf

@Che_Grapes said:
Doesn’t look too proof like….

It's circ.

PL refers to a method of production not an MS status which is how it is used, as a suffix for US coins.

JoeLewis

@jmlanzaf said:

@Che_Grapes said:
Doesn’t look too proof like….

It's circ.

PL refers to a method of production not an MS status which is how it is used, as a suffix for US coins.

So it’s saying it is prepared in a proof-like way, where as using it as a suffix says it LOOKS proof-like.

jmlanzaf

@JoeLewis said:

@jmlanzaf said:

@Che_Grapes said:
Doesn’t look too proof like….

It's circ.

PL refers to a method of production not an MS status which is how it is used, as a suffix for US coins.

So it’s saying it is prepared in a proof-like way, where as using it as a suffix says it LOOKS proof-like.

Yes. It seems to be common in the Commonwealth. Canada issues "proof-like" annual sets. They aren't true proofs because they aren't struck on a medal press with polished dies. But they do discussion prepare the dues and handle the coins. The aforementioned UK Maundy sets and Australian annual sets also do it.

It's a little confusing in the way PCGS and NGC use the terms in two different ways. A PL our front indicates a method of strike while a PL as a suffix indicates the coin condition.

Side note: I also find their use of SP to be rather broadly applied.

lilolme

Found this ngc write up on it.

https://www.ngccoin.com/news/article/7708/learn-grading-sp-and-pl-prefixes/