My 1887 Young Head Halfcrown Went Prooflike at NGC!

[VickySilver]

Yes, this coin is superior to all that I have seen, regardless. It went  MS 63PL and is the only prooflike YH verified at either major TPG. Some other specimens are verging on it, but just not quite there. I will tr to post some pictures, but am having trouble at the moment. (still!).

[Rob]

I find it difficult to comprehend that it needs to be confirmed as 'prooflike' by a TPG given the lack of official designation or description. How do they cope with coins that are proofs but not all shite and briny (e.g. matte), and those superior currency strikes that look exactly the same, or close to? It only takes the use of a wrong die or collar to produce something akin to the real thing. This is as bad as Bull assigning prooflike to a halfcrown and calling it a variety, which it ain't.

[Sword]

Congrats, Eric for getting the PL descriptor! Looking forward to seeing it. Obviously, the reflective fields would be obvious to someone seeing the coin in real life, but it is really nice to have it as part of the grade as a photo might not capture it so well.

2 hours ago, Rob said:

I find it difficult to comprehend that it needs to be confirmed as 'prooflike' by a TPG given the lack of official designation or description. How do they cope with coins that are proofs but not all shite and briny (e.g. matte), and those superior currency strikes that look exactly the same, or close to? It only takes the use of a wrong die or collar to produce something akin to the real thing. This is as bad as Bull assigning prooflike to a halfcrown and calling it a variety, which it ain't.

I agree that calling a prooflike coin a "variety" is just wrong. But I think NGC is using the term proof like simply to describe a circulating coin with unusually reflective fields and it is just a description of the appearance. The amount of "reflectivity" needed for the PL destination is of course subjective and depends on the opinion of the grader but then all grading by a TGP is subjective. Descriptors like PL also indicates that coins of the same "grade" can differ significantly in value and desirability despite the impression often given by TGPs to the contrary.

From NGC website:

"Most circulation issue coins have minimally reflective fields, even in Mint State (MS) grades. When a circulation issue coin’s fields exhibit a higher-than-normal degree of reflectivity, the coin is said to be “Prooflike” (or “PL”) because it is reminiscent of a Proof coin. If the fields are deeply mirrored, the coin is said to be “Deep Prooflike” (or “DPL”).

NGC uses the PL or DPL modifiers after an MS coin’s numeric grade, when applicable. These designations indicate only the degree of reflectivity evident in a coin’s fields and make no implication as to other qualities associated with Proof coins, such as frosted devices and superior sharpness."