You have a circulated business strike Wheat cent. In BU condition they would look something like this: Click to enlarge image A proof coin would look something like this: Click to enlarge image. Note the differences in the finish of the coin.
U.S. Business strike cents are used for normal circulation. A proof coin is special created for collectors in mind. They are not better strikes of the regular coins, the are specially struck. When circulated these coins will still be called a proof coin with a lower grade and called an impaired proof.
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