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Any Idea? Why PCGS Grades Blank Planchets?

PCGS applies grades & grading to blank planchets. ex: a type 2 Silver dollar planchet may be assigned a MS or an AU grade or even an XF?
Since the planchet was NOT struck, has NO Luster or struck devices to show wear, how can it be graded?
Rich Schemmer Error Coins & RichErrors (on Ebay)
Trusted Name in Numismatics & the Error Coin Hobby for OVER 25 Years

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    << <i>PCGS applies grades & grading to blank planchets. ex: a type 2 Silver dollar planchet may be assigned a MS or an AU grade or even an XF?
    Since the planchet was NOT struck, has NO Luster or struck devices to show wear, how can it be graded? >>



    Just as coins differ in quality, so do blank planchets. They can and do have luster, some are more or less "baggy" than others, and some even have wear from being carried as a pocket piece. It IS possible to grade such pieces using the same criteria we use for coins except that we do not consider strike.
    Ron Guth
    President
    PCGS CoinFacts - the Internet Encyclopedia of U.S. Coins
    www.CoinFacts.com
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