1968 Proof Set

The 1968 Proof Set is a pivotal numismatic release that marked the continuation of an era of precision coinage for collectors in the United States. Introduced during a period of significant transition for the U.S. Mint, this set contains five coins: a Lincoln Cent, Jefferson Nickel, Roosevelt Dime, Washington Quarter, and Kennedy Half Dollar. The set was minted at the San Francisco Mint, which assumed the role of producing proof coinage beginning that year, signifying a departure from earlier practices where proof coins were minted in Philadelphia. The set represents a commitment to maintaining high-quality strikes for collectors while adapting to changes in coin production and design.

The design elements of the coins in the 1968 Proof Set reflect both historical continuity and modern simplicity. The Lincoln Cent features the iconic profile of President Abraham Lincoln, designed by Victor David Brenner in 1909, with the reverse showcasing the Wheat Ears design replaced in 1959 by the Lincoln Memorial, a tribute to Lincoln's enduring legacy. The Jefferson Nickel bears Felix Schlag’s 1938 design, depicting Thomas Jefferson on the obverse and his Monticello residence on the reverse. The Roosevelt Dime, introduced in 1946, honors President Franklin D. Roosevelt with a profile portrait on the obverse and a torch flanked by olive and oak branches on the reverse. The Washington Quarter, in use since 1932, continues with John Flanagan’s design of George Washington’s profile and an eagle clutching arrows and an olive branch on the reverse. The Kennedy Half Dollar, introduced in 1964 following President John F. Kennedy’s assassination, showcases a striking profile of the late president, designed by Gilroy Roberts on the obverse, with Frank Gasparro’s Presidential Seal design on the reverse.

The transition to the San Francisco Mint for proof production in 1968 was a notable moment in U.S. coinage history. This change was necessitated by the increasing demand for proof coinage and the Mint's need to streamline operations. The San Francisco facility was chosen to produce these coins due to its advanced capabilities and focus on specialized minting. Each coin in the 1968 Proof Set bears the "S" mintmark, distinguishing it as a product of the San Francisco Mint. The production quality was carefully managed to ensure flawless or near-flawless coins, as proof coinage prioritizes collector appeal and precision rather than circulation purposes.

The mintage of the 1968 Proof Set reached approximately 3,041,506 units, reflecting a growing interest among collectors during this time. This figure represents a substantial increase compared to proof sets from earlier decades, as the Mint responded to the expanding hobby of numismatics. Each set was packaged in a rigid plastic holder to protect the coins and display them attractively, with a black backdrop to enhance their mirrored surfaces. The packaging also included an outer envelope and an informational insert, further underscoring the Mint’s attention to presentation and collector satisfaction.

The condition of the coins in the 1968 Proof Set is a defining feature. Proof coins are struck with specially prepared dies and polished blanks, resulting in a distinctive appearance characterized by mirrored fields and frosted design elements. These coins often exhibit "cameo" or "deep cameo" finishes, where the raised designs contrast sharply with the reflective background. While most sets remain in their original Mint packaging, collectors value those with minimal handling and pristine surfaces. Coins graded by professional services may receive designations like PR69 or PR70, signifying near-perfect or flawless conditions, which can significantly enhance their desirability and value.

The history of the 1968 Proof Set is intertwined with broader changes in U.S. coinage during the 1960s. The decade saw the removal of silver from circulating coins due to rising silver prices, beginning with the Coinage Act of 1965. By 1968, the Kennedy Half Dollar was the only coin in the set containing any silver, with a reduced composition of 40% silver and 60% copper. The other denominations were struck in base metals: the Lincoln Cent in bronze, the Jefferson Nickel in a copper-nickel alloy, and the Roosevelt Dime and Washington Quarter in a clad composition of copper and nickel. These changes reflected both economic considerations and the evolving role of coinage in a modernizing economy.

The design and craftsmanship of the 1968 Proof Set reflect the Mint’s dedication to producing high-quality collector coins. The deep, mirrored fields of the proof coins create an eye-catching effect, while the intricate details of each design are fully realized due to the multiple strikes used in their production. The Kennedy Half Dollar, in particular, stands out for its large size and bold design, which lends itself well to the proof finish. The smaller denominations also display crisp details, with the Lincoln Cent and Jefferson Nickel being especially appreciated for their rich luster and sharp strikes.

The 1968 Proof Set’s appeal extends beyond its aesthetic qualities to its historical significance. This set represents a transitional period in U.S. Mint operations and coinage. By relocating proof production to San Francisco, the Mint established a precedent that would continue for decades. Collectors appreciate the set for its role in maintaining the tradition of proof coinage while adapting to contemporary challenges. Its mintage figure, though higher than earlier proof sets, remains modest compared to modern standards, ensuring its continued relevance in the collector market.

The value of the 1968 Proof Set can vary based on factors such as condition, packaging, and the presence of cameo or deep cameo finishes. Sets that have been professionally graded and exhibit high-quality surfaces are particularly sought after. Additionally, variations in the production process, such as striking errors or unusual die characteristics, can further enhance a set’s rarity and appeal. As a result, the 1968 Proof Set holds a unique place in the portfolios of both novice and seasoned collectors.

The legacy of the 1968 Proof Set endures as a testament to the artistry and precision of U.S. Mint coinage. Each coin in the set offers a snapshot of American history, from the somber tribute of the Kennedy Half Dollar to the timeless symbolism of the Washington Quarter and the Lincoln Cent. The set’s combination of historical significance, intricate design, and high-quality craftsmanship ensures its lasting appeal among numismatists. As a cornerstone of mid-20th-century proof coinage, the 1968 Proof Set continues to captivate collectors and serve as a symbol of American numismatic heritage.

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• Year: 1968
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