Professional Coin Grading Service (PCGS) has begun offering the desirable “Prooflike” designation to qualifying Mint State Coins, Tokens, and Medals. It applies to both United States coinage as well as world coinage.
As of July 1, all mint state coins, tokens and medals, U.S. and world, that meet the PCGS Prooflike standards now are eligible for PL designation.
Brett Charville, PCGS President
PCGS defines Prooflike when on a coin’s surface there is a clear reflection in the fields on both sides as viewed from two to four inches away. A cloudy effect or striations may impede the reflectivity. The company originally set the designation for Morgan Dollars when they began back in 1986. Since then, other coins have been added to the list of eligible coins for the Prooflike (PL) designation.
With the designation expanded to any coin, token, or medal, it is likely we will see more PL indicated coins over the course of the next year as collectors submit or resubmit coins for grading to get the designation. The news will certainly be welcome for many collectors who have proof like coins in their collection but have never been able to get the designation. It should happen now for them.
PCGS Membership starts at $69 per year which allows you to submit your coins directly to the company for grading. If you do not want to join, you can always submit your coins through a PCGS certified dealer who can submit them for you. For details on membership, head to the PCGS Membership page.