Description and Analysis

Liberty Head $20
1902 $20 PF

Description & Analysis

In 1902, the Mint changed the way in which it prepared proof coinage dies. The new process removed much of the frost which was usually found on proof coins. This change was not popular and lasted only a few years. However, because of this change, 1902 proof coins are extremely hard to find with any cameo contrast at all. The Philadelphia Mint only struck 114 proof double eagles in 1902. Of these, most have little-to-no cameo contrast and usually grade lower than gem.