The described numismatic item represents a special finish version of a widely collected silver bullion coin. Minted by the United States Mint, it is composed of .999 fine silver and bears a face value of one dollar. The “proof” designation indicates a manufacturing process that involves specially prepared dies and planchets, resulting in a coin with a highly reflective, mirror-like field and frosted design elements, enhancing its visual appeal and collectibility.
Its importance stems from its status as a limited-edition collectible. Proof coins generally command a premium over their bullion counterparts due to their enhanced aesthetic qualities and lower mintages. The series, in general, holds historical significance as an emblem of American coinage and silver investment. The specific year contributes to its value, influenced by mintage numbers, condition, and market demand.