Does anyone know about this coin? It was issued in 2009 only (mintage was 115,178 coins) Original gov. package is about $2,200 ~ $2,400 But, there is MS69 Proof like for $2,500 ~ My question is.... I have no idea why there is proof like coins. NGC, PCGS saying that there was overall 10% proof like coins. For a person like me (untrained eyes (=no coin expert), Between Proof like coin & regular OGP (original gov. package), do you think I can differentiate these two???????? Not to mention that, I've never seen actual coins yet. Which one is better value (better bang for buck)????
Hmm. If you can't even tell the difference, the person who might buy it off you in future won't be able to as well. Rather just get one in OGP.
I said, I've never seen those two actual coins yet. Has anyone seen PL in real life? Because the way the US mint struck this coin was "business strike." Why there is PL at first hand?
As someone pointed out in another thread, lately the grading companies have been coming up with creative ways to grade modern coins like first strike, early releases and so on. It could just be another way to squeeze more money out of you with such "marketing gimmick". I'd rather focus on the grade of the coin itself and not pay so much attention to the funny designations or type of label.
The proof like difference is not visible to human eyes. These coins were made to meet a very high quality standard with the same process. I believe (without any actual poof) if you take the coin out of the grading packaging and send it back 5 times to each NGC, and PCGS it is unlikely it would come back 10 times as proof like and with the same MS grade. I am not big fan of NCLT coin grading, but pay attention to it because so many people do.
For BU coins, proof-like designations are assigned to the first few strikes of the die since it is still fresh and tends to show a bit of frostiness in the design against the normal field (i.e. there is a slight difference observed between the design and the background field).
A good read here: http://news.coinupdate.com/proof-like-ultra-high-relief-double-eagle-gold-coins-0166/ In short, some 2009 UHR Eagle exhibit "shinier" surface and NGC decided to slap a unique "PL" designation to these specimens. To quote from the website above... "The best estimate I think would be the NGC population report which shows 10,603 Ultra High Relief's graded total. Of those 1,116 have been graded PL. That is roughly about 10.5%."
How do you justify "shinier" surface? For all you know it looks exactly the same. I guess these are just games the rich people can engage in!
Once a proof like, first strike (designation is given to those coins packaged for shipment from the U.S. Mint within a month of their official release date), MS70 sold over 20,000 on ebay USA.
