The term identifies a specific type of bullion coin, distinguished by its composition, year of issue, production process, and national origin. It is composed of .999 fine silver and was struck with specialized dies and multiple strikes to create a highly detailed and reflective surface. The year 1986 marks the inaugural year of issue for this particular coin series. Proof coins, unlike bullion strikes intended for general circulation, are specifically produced for collectors and investors.
This collectible holds value due to several factors. Its silver content provides intrinsic worth, while its status as a proof coin from the first year of the series enhances its desirability among numismatists. The coin’s historical context as part of a significant U.S. Mint program also contributes to its appeal. Furthermore, the coin’s condition, as a proof specimen, is crucial to its market value, with pristine examples commanding a premium.