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this market was virtually ignored 30 years ago. What brought it to prominence? Quite simply, information was made available that resonated with the collecting public. At that time, high grade Morgan dollars were not even considered worth collecting by many numismatists, because they were thought to be so plentiful. In other words, though they ranked high in categories 1. Beauty, 2.Quality, and 4. Price, in collectors'' minds they ranked extremely low in category 3. - Rarity. Therefore, their desirability as a collectible was thought to be limited. However, several landmark books were published on Morgan dollars in the 1970''s and early 1980''s which educated the collecting public on many aspects of the Morgan dollar series they were not aware of. Probably the most significant of these books, Wayne Miller''s "The Morgan and Peace Dollar Textbook", was the first book that provided an in-depth date-by-date analysis of this series along with photographs. Significantly, Miller was one of the first authors to estimate a date''s rarity not only in uncirculated condition, but also in gem MS 65 uncirculated condition, and gem MS 65 prooflike condition. This new information was a tremendous boon to the 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 valuecoin 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 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 valuecoin 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 coins are works of art! The frosted devices of these early cameo dies were quite delicate - one could easily scratch a bit of frost from valuecoin the die with one''s fingernail, and were the first part of the die to wear. Each think of! Let''s take a brief look at these five areas, and how cameo''s rate in relation to other U.S. coinage. There are few coins in numismatics as attractive as a cameo proof. While some may disagree with this statement, there is no disputing the opinions of literally thousands of collectors and dealers already familiar with this coinage. Proof coins themselves are minted specifically for collectors. As such, they have always represented the state-of-the-art in minting techniques. The mint has always gone valuecoin to considerable trouble to produce these coins. Proof dies are highly polished and buffed until the surfaces possess a mirror-like perfection. Planchets go through extra steps in their preparation, until they too possess a brighter, satiny appearance. Traditionally, proof planchets have been hand-fed into the die, and have always been double struck, under higher pressures than business strikes, to bring out every possible detail. Once struck, the coins are handled individually so as not to abrade with other coins, as business strikes normally would. Cameo proofs were the very earliest strikes off new proof dies. During certain periods in the history of the mint, part of the die preparation process
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