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1964 1c Special Mint Set SMS RD

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1964 1c Special Mint Set SMS RD

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Greysheet Catalog Details (GSID: 2202)

The 1964 Cent is part of a series of Lincoln obverse; Memorial reverse coins struck from 1959-2008. The specific variety is Special Mint Set. Struck in Philadelphia and designated as a Business (SMS) strike, this coin is made of 95% copper; 5% zinc from a mintage of Unknown struck.
While the United States Mint was busy producing business-strike coins for commerce needs and proof coins for collectors in 1964, apparently a couple dozen or so SMS Lincoln cents were also struck. But why were SMS coins made in 1964' It's a question that hasn't been ever definitively answered. What we in the numismatic community know is that several turned up in the estate of former United States Mint Director Eva B. Adams, who passed away in 1991.

Perhaps the 1964 SMS coins were made as prototype strikes for the SMS coinage that was struck for collectors from 1965 through 1967. Perhaps the 1964 SMS Lincoln cents were made in conjunction with the 1964-D Peace dollars that were struck but never authorized for release, and all of which were reportedly melted. Or, perhaps, there is another reason why the 1964 SMS Lincoln cents were struck but has yet to be elucidated.

All 1964 SMS Lincoln cents are extremely scarce and valuable. Their squared-off rims, well struck details, and clean fields differentiate them from their business-strike counterparts. In recent years, prices for the 1964 SMS Lincoln cents have easily crossed the five-figure threshold.
Obverse: Bust of Abraham Lincoln framed by IN GOD WE TRUST on the top periphery. The word LIBERTY to the left of the portrait and the date positioned on the right side.
Reverse: Lincoln memorial building centered with words ONE CENT, UNITED STATES OF AMERICA on top and bottom periphery. E PLURIBUS UNUM centered above the top of the memorial.

Catalog Details    Dealers Only

Catalog Detail

GSID: 2202
Coin Date: 1964
Denomination: 1c / Cent
Designation: SMS
Mint Mark: P
Mint Location: Philadelphia
Mintage: Unknown
Coinage Type: Lincoln obverse; Memorial reverse
Coinage Years: 1959-2008
Composition: 95% copper; 5% zinc
Variety: Special Mint Set
Strike Type: Special Mint Set
Diameter: 19 mm
Weight: 3.11 gr
Coin Shape: Round
Designer: Victor Brenner (obverse); Frank Gasparro (reverse)
Obverse Lettering: IN GOD WE TRUST, LIBERTY, 1964
Obverse Designer: Victor D. Brenner
Reverse Lettering: E PLURIBUS UNUM, ONE CENT, UNITED STATES OF AMERICA
Reverse Designer: Frank Gasparro
PCGS #: 3284
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