That is a very nice token. Technically though it is not a proof. According to the authors of "The Token Book" it is much more likely that coins like this would have been specimen strikes using brand new dies, sometimes on polished or bronzed flans (a proof would typically have a die prepared only for the purpose of striking proofs, but the dies for this token were used for regular strikes as well). I can't find any reference that eludes to actual proof strikes, so I imagine NGC just went with what it looked like to them and used that terminology. Regardless, it doesn't get much better than that in terms of reflective fields and a cameo look. As for pricing, I don't know. I would compare it to similar looking UNC/MS tokens that have sold at auction. For example, a completely different Conder token type graded by NGC PF63BN sold for $300, but only one such coin has ever sold graded as a proof at Heritage. As for rarity, this token isn't that rare, maybe condition wise it is up there, but the token itself is not.
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