This late date issue has a relatively generous mintage of 197 coins for a Proof Liberty Head quarter eagle. Indeed, the 1903 is one of the more readily obtainable dates in this classic Proof gold series, the estimated population on the order of 125 to 150 coins. In an absolute sense, of course, any coinage issue with no more than 150 examples known is rare, the present Gem also offering condition rarity due to the exceptional quality that it possesses.

The example to the left was sold by Stack's Bowers Galleries in the August 2013 Chicago ANA Auction, where it sold for $22,325.