Background of the 1964 SMS Proof Lincoln Penny:
In 1964, the U.S. Mint faced a situation in which it needed to produce a special set of coins for collectors. That year, an uncirculated set was produced, as well as a special mint set (SMS), which was different from the usual proof coins. The SMS set was made with a higher quality than regular coins but not quite at the level of traditional proof coins. This was because the U.S. Mint did not mint proof sets that year, which led to the creation of SMS coins.
The 1964 SMS Proof Lincoln Penny was one of the coins produced in this special set. What makes this coin particularly rare is the lack of a mint mark. Normally, coins minted in Philadelphia would have no mint mark, while coins from Denver or San Francisco would have their respective mint marks. The 1964 SMS Lincoln penny stands out because, despite being produced in Philadelphia, it was not marked with a “D” or “S,” making it highly unusual.
Significance and Rarity:
The 1964 SMS Proof Lincoln Penny (No Mint Mark) is highly prized by collectors because it is considered a mistake or oddity in the minting process. While the coin is not a traditional proof, it has been appreciated for its exceptional quality and the lack of a mint mark, which sets it apart from other coins produced that year.
This penny is considered very rare because only a limited number were minted, and due to its special status, it is one of the most coveted Lincoln pennies among collectors. It is often found in near-pristine condition, with many examples grading MS-65 or higher.
Collectibility:
Because of its rarity and historical significance, the 1964 SMS Proof Lincoln Penny is highly valuable, especially in uncirculated condition. It is considered a must-have for serious coin collectors and is one of the most important varieties in the Lincoln penny series.
