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<p>[QUOTE=&quot;GDJMSP, post: 1820055, member: 112&quot;]No, they don&#039;t. There are quite a few coins, in various denominations and dated prior to 1973, that have been graded as PF70.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>You&#039;re partially correct. The dies for just about all Proofs, excepting the mattes and satins, were made with the cameo effect. And they all produced some examples of the coins with the cameo effect. The thing was the mint would continue using the dies to strike coins long after the cameo effect wore off the dies. It was not until 1973 that the mint began ensuring that all Proof coins coins issued had the cameo effect by replacing the dies as soon as the cameo began wearing off the dies.[/QUOTE]</p><p><br /></p>

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