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What is a "Proof Like" Coin? The term Proof refers to the method of manufacturer - a coin that is individually struck, usually more than once, with highly polished dies, creating a mirror like image. A "Proof Like" coin is actually a regular business strike, but the coin has the look and feel of a proof. How? When the US Mint puts a coin die into service it is polished just like a proof die, but it strikes thousands of coins before it is taken out of production. The first few coins struck on these polished dies have the look and feel of a "Proof", but because they are not struck twice they can't be termed "Proofs." The term we use in the industry is "Proof Like." How Do We Know? When you see the coin you know it is special. But the simple test most of us use to classify a "Proof Like" is putting a finger or an object a few inches away from the coin - if you can see the reflection (like a mirror), you have one of those special first strikes. Rarity ... No Questions The US Mint made less than 1000 Proof Morgans each year - rare coins. When you add it up a "Proof Like" is not that different. They are the first few coins off a production run die, then retired and replaced with a new die and a similar cycle. When you look at mintage figures, they are also extremely rare. Each coin is encapsulated and presented in a display box. 1898 Morgan Silver Dollar - Philadelphia Mint - Proof Like You May also like 1898 Morgan Silver Dollar - San Francisco - Circulated Our Price: $59.95 1897 Morgan Silver Dollar - New Orleans - Super Slider Our Price: $249.95 1890 Morgan Silver Dollar - San Francisco - NGC 62 Our Price: $199.95 1891 Morgan Silver Dollar - P - Circulated - Defender Our Price: $59.95 1898 Morgan Silver Dollar - New Orleans - Uncirculated Our Price: $79.95 1891 Morgan Silver Dollar - New Orleans - NGC 62 Our Price: $449.95 PAN Show Special - Morgan Crazy Our Price: $39.95 1896 Morgan Dollar - New Orleans - Circulated - Defender Our Price: $69.95 Browse for more products in the same category as this item: Dollars > Morgan > 1890s Dollars > Morgan > 1890s > 1898 Dollars > Morgan > Philadelphia Dollars > Morgan Dollars