Thanks to Robert Johnson
Jaime Hernandez: The 1916-P Lincoln cent was very well struck and many survive in high uncirculated grades. The coins were struck so well, that many high end uncirculated examples have the appearance of a Proof.
The characteristics of a well preserved 1916-P Lincoln cent will usually display a sharp strike, great luster, clean fields and many times have a light granular type appearance. The edges are also usually well struck and can be almost completely square.