1895 $1 PR65 Cameo NGC....

"There is nothing unusual until we get to dies provided for circulation dollars, where there are none listed, and the Proof silver dollars -- five obverse and four reverse. The report suggests that not only were no dollar dies allocated for circulation production, but that it took four die sets plus an additional obverse to strike just 880 usable Proof dollars. Proof coins were struck at higher than normal pressure and carefully inspected for defects. The increased pressure caused dies to fail prematurely, and rigorous inspection resulted in as many as half of all Proofs struck being rejected by the coiner. In previous years, only one or two pairs of dies had been used to strike a similar number of Proof dollars. Clearly, more may have occurred than the raw numbers indicate."