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<p>[QUOTE=&quot;GDJMSP, post: 53976, member: 112&quot;]Deep Cameo and Ultra Cameo are one and the same - they are just the terms used by different grading companies. PCGS uses Deep Cameo, DCAM. NGC uses Ultra Cameo, UCAM (NGC is the only company that uses the term UCAM by the way). The terms are interchangeable and there is no difference bewteen them.</p><p><br /></p><p>Now just Cameo, CAM, is a term used by both companies when grading Proof coins. Just as Proof is a term that both companies use. </p><p><br /></p><p>While Proof is a method of manufacture, it is also a term used when it comes to grading. It&#039;s a designation if you will. And when it comes as to which designation is ranked higher than the next - they come in this order, with #1 being the highest rank when grading Proof coins.</p><p><br /></p><p>1 - DCAM or UCAM</p><p>2 - CAM</p><p>3 - Proof</p><p><br /></p><p>Now there&#039;s a logical reason for this. When Proof coin dies are new, they are purposely made to produce the cameo effect. The devices of the coin die, the legends &amp; design, used to be sandblasted ( today they use lasers ) to give them a somewhat rough surface. This surface is what produces the cameo effect. The field areas of the coin die is highly polished to a mirror like finish - to produce the mirror like finish on the coin. </p><p><br /></p><p>Now this rough surface of the coin die that produces the cameo effect wears with use. The more coins that are struck with a die - the less the cameo effect will be. Eventually it will wear out completely if the die is used that long. In years past - this was common. And this why it is so hard to find CAM or DCAM examples in older Proofs. But in the &#039;70s the mint stopped this practice. They began to replace the dies when they stopped producing the cameo coins. This practice continues today. It is quite rare to find a modern&nbsp; Proof coin that is not Cameo. Even Deep Cameo is common for modern Proofs, but not as common as Cameo.</p><p><br /></p><p>So - when it comes to pricing these Proof coins, those graded as DCAM bring the highest prices. CAM is next and then just PF. You can have 3 coins graded as PF69 DCAM, PF69 CAM and PF69. That is the same order in which they will be priced with PF69 DCAM being the highest for the reasons I have explained above.[/QUOTE]</p><p><br /></p>

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