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devoted to it. Here is one final, very important similarly between the Morgan dollar series and the Cameo Proof series: In grading prooflike Morgan dollars, the two largest grading services in the nation, PCGS (Professional Coin Grading Service) and NGC (Numismatic Guaranty Corporation), offer two grades of prooflike for that series - "DMPL" (Deep Mirror Prooflike) - for the very earliest strikes off the business die, and a simple "PL" (Prooflike) - for the slightly later strikes. PCGS and NGC now offer a similar delineation for all proof coinage from the 1950 to 1970 era. As of early February, 1992, PCGS offers two cameo designations for early strike cameo proofs - "DCAM" (Deep Cameo - roughly equivalent to what we refer to as "ultra-heavy") - for those cameo proofs which were the very earliest strikes off the proof die, with the heaviest contrast, and a simple "CAM" (Cameo) designation for those coins which were slightly later strikes, but which still possess significant cameo contrast. NGC instituted their own two-tier system similar to PCGS'' in the spring of 1995. With PCGS and NGC now involved, novices will for the first time have their coins recognized by the most widely used grading service in
involved "acid-dipping" the dies before they were polished. The solution used during the 1950 to 1970 period, a bath consisting of 5% nitric acid/95% water, was used to create an acid-etched appearance on the die. When the die was subsequently polished and buffed, the recessed portions of the die, the devices, retained their acid-etched cameo. The very first strikes off one of these new dies would possess a denarius gorgeous, intense cameo effect very similar in quality to the proofs minted today. The raised portions of these early strikes, the devices (on the Franklin half, these would be the bust of Franklin, the lettering, and date on the obverse, and the Liberty bell, eagle, and lettering on the reverse) would display a snow-white cameo effect that would stand in stark contrast to the deep-mirrored fields surrounding them. The flawless, jewel-like quality of the best of these cameos almost look like works of art rather than mere coins! Indeed, to most collectors, these denarius coins are works of art! The frosted devices of these early denarius cameo dies were quite delicate - denarius one could easily scratch a bit of frost from the die with one''s fingernail, and were the first part of the die to wear. Each
toned in iridescent shades of purple, plum, burgundy, green, orange, gold.....virtually every color of the rainbow, can sometimes be found on a single coin! The design of the Franklin half, with the broad expanse of Franklin''s bust on the obverse, and the Liberty bell on the reverse, is an easy target for bagmarks or abrasion. A pristine Franklin half, with a smooth, unblemished cheek of Franklin on the obverse, and equally pristine Liberty bell on the reverse, is a truly beautiful coin. On the other hand, the simplicity of these surfaces also serves to magnify, or hilight, the smallest bagmark! The cheek of Franklin denarius & the Liberty bell make easy targets. The quality of the typical uncirculated Franklin roll is quite low, with all 20 coins usually grading between MS 60 and MS 63. By comparison, if one had the good fortune to acquire an original roll of uncirculated Walking Liberty half dollars (the series immediately preceding the Franklins, minted from 1916-1947) the general quality of the coins would likely be quite high, with most coins grading MS 64 - MS 65. What About Any Hordes Of Gem Bu Franklins That Have Yet To Surface? Original unsearched bags of BU Franklins? The last bag
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