The 1903 Liberty quarter eagle claims a mintage of 197 pieces and the issue has a fairly high survival rate. Unfortunately, the population data has been inflated by numerous resubmissions and crossovers, but probably more than 100 examples of this issue are still extant. The Mint switched to an all-brilliant finish for proof coins in 1902, eliminating the frosted devices and severely reducing the popular cameo contrast seen on proofs of earlier years. This Gem is a typical example of the new finish, with razor-sharp definition on the design elements and deeply reflective fields, but only modest field-device contrast. The NGC population is just 9 (one of which has been designated “Star”) with 8 higher.
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