A desirable first-year San Francisco ‘Walker’. This example shows a well-defined strike, with Liberty’s figure bold and  strong detail in the gown folds and hand. The reverse eagle is sharply rendered, with good feather definition and crisp legends throughout. An original silver-gray patina is present, accented by vibrant luster that flows across both sides. Light, scattered contact marks consistent with the grade are noted but do not detract from the overall eye appeal.