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Lowest grade Proof?

BarryBarry Posts: 10,100 ✭✭✭
Received the Superior Santa CLara catalog today. Lot 15 is an 1856 Flying Eagle NGC Proof-12. Interesting... ObviousIy this coin saw quite a bit of circulation. Is this the lowest grade Proof (unintentional, at least)?

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    LanLordLanLord Posts: 11,756 ✭✭✭✭✭
    Somewhere there is a 1894s dime in PR4 (the icecream dime)
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    Along the same lines, this coin is kind of neat...

    Link
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    krankykranky Posts: 8,709 ✭✭✭
    That's interesting, I didn't know the 94-S dimes were graded PR.

    I thought there was differing opinions whether the 1856 FE cents were proof or business strikes, and I thought that I have read they get slabbed both ways. Were they all considered proofs at one time, and the possibility that some were business strikes came up later? I would be surprised if a proof coin worn down to VG could still be identified as a proof if there were also business strikes made.

    New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.

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    LanLordLanLord Posts: 11,756 ✭✭✭✭✭
    here is some readin material about a higher grade PROOF 1894s dime
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    I believe that occasionally, by mistake, some proof-only coins make their way into circulation. Those dates and mintmarks that are known to be proof-only and that accidentally circulate could, theoretically, receive a grade as low as PR01.
    Author of MrKelso's official cheat thread words of wisdom on 5/30/04. image
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    tjkilliantjkillian Posts: 5,578 ✭✭✭
    I've seen a PCGS PR-06 Gobrect Dollar and a PR-04 Proof-only two cent piece.

    Proof only issues are the easiest to identify as a low-grade proof.

    Tom
    Tom

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    << <i>I thought there was differing opinions whether the 1856 FE cents were proof or business strikes, and I thought that I have read they get slabbed both ways. >>


    It depends on which die pair the coins came from. Only one pair, I believe it is the S-3 variety was used to make business quality strikes. Te problem was that PCGS does not do varieties so they wer not atributing 1856 cents to see which die pair they were and they just colled them Proof or MS based on general appearance. This lead to Proofs being slabbed as MS and MS coins in Proof slabs. After receiving many complains PCGS decided to drop the MS and now calls ALL 1856 cents Proofs whether they are or not.

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