Proof

Smith's Financial Dictionary · 1903 · p. 427
piece. One of the first coins struck from a new die, which may be the die for a new coin or a new die for an old coin. It is a perfect coin, specially polished, and is prized by numismatists. New dies for all coins are employed at the be- | ginning of each year bearing the date of the new year and old dies bearing the date of the preceding year are destroyed.
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