1903 $5, CAM PR(PCGS#88498)

The March 2012 Baltimore Auction

Auctioneer

Stack's Bowers

Lot Number

4322

Grade

PR67+*

Price

43,125

Lot Description

1903 Liberty Half Eagle. Proof-67+ Cameo (NGC). An issue struck using all brilliant proofing techniques, the typical Proof 1903 half eagle encountered in today's market displays little to no field to device contrast, and certainly not enough to support a Cameo designation from the major certification services. A radical departure from the norm for the issue, this stunning specimen is overall brilliant in finish, yet decidedly satiny in texture over the devices. The entire package is dressed in vivid, vibrant, yellow gold color that further accents a razor sharp strike. Also exceptionally well preserved and free of even trivial blemishes, this remarkably strike and condition rarity comes down to us from a mintage of just 154 Proof half eagles bearing the 1903 date. Tied for Condition Census #2 for the issue!<br /> <br /> <strong>Numismatic Reflections by Q. David Bowers</strong><br /> The preceding description reflects an interesting change in the proofing technique. In this year the Mint was housed in its new building, completed two years earlier. The reason for polishing the portraits and other parts of the Proof dies, instead of just the fields, is not known. I have often thought that perhaps someone unfamiliar with the older techniques was responsible. Nothing has been seen in Mint records referring to this. The all-brilliant style was used for the next two or three years.&nbsp;