I just ran across a curious bit of information on the PCGS Population Report within Coinfacts. All of this hubbub about the PL designations on these coins may just shed the light on what they really are. Claire absolutely hit the nail on the head with this one! Perhaps the PL coins are actually the result of worn dies, not the earliest stage as initially thought. The population report just reflected that PCGS has graded a total of 12,796 coins in non-PL grades. There have been 7138 coins graded MS70, which is roughly 56% of the graded population. PCGS has graded a total of 74 coins in PL so far since initiating the PL designation for these coins just a few weeks ago. This is a small sample so far, BUT of the 74 coins graded PL by PCGS, only 13 graded perfect MS70PL. That is roughly 18% of these coins graded MS70PL. This is an absolute reversal of fortune on the grading dynamics within the grading run of these coins. As I have mentioned many times before, absolutely "0" of these so-called "PL" coins show any cameo contrast. This may be the explanation we have been looking for to confirm the true die states of these coins. These PL coins are actually the latest stages of the dies as they wear. It is much the same as the proof coins from the 50s and 60s in which the large majority of the proof coins displayed mirrored fields and devices as the dies wore to a universal mirrored finish. The only difference is that the proof dies from those days began with the deep cameo contrast that produced the deep cameo coins that are the bread winners today. The case with this 2009 UHR coin is somewhat opposite. It is essentially the unintended leftover product that was simply a coin that should have been rejected and never released due to quality control.
These are the simple facts! How do you all feel about this scenario?
-True Money!
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