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1964 5 Cents Special Mint Set

1964 5 Cents Special Mint Set

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Greysheet Catalog Details (GSID: 82044)

The 1964 5 Cents is part of a series of Jefferson nickel coins struck from 1964-1967. The specific variety is Special Mint Set. Struck in Philadelphia and designated as a Business (SMS) strike, this coin is made of 75% copper; 25% nickel 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 Jefferson nickels 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 Jefferson nickels 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 Jefferson nickels were struck but has yet to be elucidated.

All 1964 SMS Jefferson nickels 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 Jefferson nickels have easily crossed the five-figure threshold.

Obverse: Felix Schlag's portrait of Jefferson, facing left, with the motto IN GOD WE TRUST on the left periphery, and LIBERTY * [year] on the right side.
Reverse: The Jefferson home is prominently centered with the name MONTICELLO captioned below. The denomination FIVE CENTS is spelled out in half circle underneath and the words E PLURIBUS UNUM and UNITED STATES OF AMERICA appear at the top and bottom periphery.

Catalog Details    Dealers Only

Catalog Detail

GSID: 82044
Coin Date: 1964
Denomination: 5c / 5 Cents
Designation: SMS
Mint Location: Philadelphia
Mintage: Unknown
Coinage Type: Jefferson nickel
Coinage Years: 1964-1967
Composition: 75% copper; 25% nickel
Variety: Special Mint Set
Strike Type: Special Mint Set
Diameter: 21.2 mm
Weight: 5 gr
Coin Shape: Round
Designer: Felix Schlag
Obverse Lettering: LIBERTY, IN GOD WE TRUST, 1964
Obverse Designer: Felix Schlag
Reverse Designer: Felix Schlag
PCGS #: 4170

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