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successive coin struck from one of these dies would exhibit somewhat less cameo contrast than the coin before. Eventually, the intense pressure of die on planchet would wear the devices to the same smooth, brilliant appearance paper as the surrounding fields of the coin. These subsequent coins, brilliant proofs, have no discernible contrast between the devices and fields. They are also far more common than the earlier cameo strikes. In recognition of the collector demand for these cameos, the mint began experimenting with sandblasting techniques in the early-mid 1970''s which helped create a much more intense cameo effect. They also began chromeplating the dies to give them added durability. money As a result of these new techniques, proof dies today can strike many hundreds of exceptional "black & white" cameos before paper they begin to wear. What is somewhat astonishing, money however, is that if one is patient, and fortunate, one can occasionally find cameos minted from the earlier 1950 to 1970 era that possess the intense cameo contrast, quality, and eye-appeal of these later proofs! These very early strikes, depending on the year, are obviously quite rare. When one also considers the inferior nature of the proof

of BU Franklins I acquired, 100 rolls of 1963-D''s, a total of 2,000 coins, resulted in financial disaster for me and my partner. Oh, the bag paper quantity was original all right. All the rolls were in their original bank-wrappings, and had obviously never been unwrapped. The coins in these rolls were beautiful, bright blazers. We submitted the 125+ nicest coins to PCGS money and NGC for grading, figuring if we got 40 or 50 MS 65''s we''d make a profit. The result? 5 MS 65''s!! The rest graded either MS 64 or MS 63. Why? The majority had a couple too many bag marks (a common problem with BU Franklins), or had a bit too much pitting on the high-points of the devices (another common problem with BU Franklins), or were too softly struck to grade MS 65 (another common problem with BU Franklins, or finally, had some very light hairline scratches, the result of having passed through a coin counter! By comparison, a single roll of late date Walking Liberty half dollars would likely have more gems among the 20 coins than the 1963-D Franklins paper did among the 2,000. Despite having populations a fraction of the Walking Liberty halves in gem condition, gem Franklins are currently priced well below the levels Walkers are currently selling at. Additionally, if one wishes to compare the populations money of untoned, brilliant MS 65 Walkers to untoned, brilliant MS 65 Franklins, the population differences are even more striking in favor of the paper Franklins!

involved "acid-dipping" the dies before they were polished. The solution used during the 1950 to 1970 period, a bath consisting of 5% nitric money 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 paper would possess a 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 money cameos almost look like works of art rather than mere coins! Indeed, paper to most collectors, these coins are works of art! The frosted devices of these money early cameo dies were quite delicate - 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

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