In his recent reference on proof U.S. gold, John Dannreuther specifically commented on the color and texture of the 1911 proof twenties:
“The 100 Proof double eagles struck in 1911 have a lighter finish than seen for the 1908 issues. Many 1911 Proofs have a light orange color with shiny sparkles created by a finer sand grain. The matte finish is among the most desired by today’s collectors, so many of these have found their way into type sets. If one has a choice, the lighter color and sparkle found on 1911 Proofs often is preferred over the darker issues of 1908 and 1912 through 1915.” Only 65 to 70 individual pieces are believed to have survived today in all grades.
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