The slightest mishandling accident , which would cause a rub or luster break on the high point technically will get you a PF-58. Still a beautiful coin at a better price, I love 58's
Edit to add: If that had been a Morgan, it would be a PF- 53
Since proof is not a grade but a method of manufacture, an "impaired" or circulated proof coin will bear such a grade. Grades such as PF50 are not uncommon for some coins like the US Gobrecht dollar, for example.
The lowest I've seen was a PF08. That's right: a proof coin that had circulated down to VG level. It was kinda cool, actually.
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8 Reales Madness Collection
Collecting:
Conder tokens
19th & 20th Century coins from Great Britain and the Realm
Edit to add: If that had been a Morgan, it would be a PF- 53
FOR SALE Items
The lowest I've seen was a PF08. That's right: a proof coin that had circulated down to VG level. It was kinda cool, actually.
It was one of the collest collections I've ever seen for a low circulated collection.
Well, just Love coins, period.