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The Special Mint Set (SMS) of 1966 is a significant collection in the history of American numismatics, marking a transitional period in the production of U.S. coins. This set is noteworthy for its unique blend of characteristics that differentiate it from standard mint sets and proof sets of the era. Produced during a time when the U.S. Mint was navigating changes in coinage materials and production techniques, the 1966 SMS is a reflection of both the historical context and the mint's evolving approach to coin production.
The history of the 1966 SMS is rooted in a period of considerable change for the U.S. Mint. The early 1960s saw a significant increase in the demand for coins due to a booming economy and population growth. As a result, the Mint faced challenges in meeting this demand, leading to the temporary cessation of proof coin production in 1965. Instead, the Mint opted to create special mint sets in 1966 as a way to satisfy collectors while providing them with high-quality coins. The 1966 SMS was released on June 30, 1966, and comprised a total of 11 coins, including the penny, nickel, dime, quarter, half dollar, and dollar coins.
The design of the coins in the 1966 SMS largely reflects the iconic imagery that collectors have come to associate with U.S. coinage. The obverse of the Lincoln penny features the familiar profile of President Abraham Lincoln, a design created by Victor David Brenner in 1909. The reverse showcases the Lincoln Memorial, which has become synonymous with American values and heritage. Similarly, the Jefferson nickel maintains the traditional design with a left-facing profile of Thomas Jefferson and the depiction of Monticello on the reverse, honoring the third President of the United States and his contributions to the nation.
The Roosevelt dime, with its obverse design featuring President Franklin D. Roosevelt by John R. Sinnock, is also included in the 1966 SMS. The reverse features a torch, an olive branch, and an oak branch, symbolizing freedom, peace, and strength. The Washington quarter and the Kennedy half dollar round out the set, continuing the tradition of honoring significant figures in American history. Each of these designs contributes to the historical narrative encapsulated within the 1966 SMS, reflecting the Mint's commitment to celebrating American heritage.
Coins from the 1966 SMS were struck at the Philadelphia Mint, which is renowned for its commitment to quality and precision in coin production. Unlike standard mint sets, which feature coins that have been polished to create a mirror-like finish, the coins in the SMS were treated differently. They were produced using a special process that included a higher degree of finishing than regular circulation coins but did not achieve the same reflective quality as proof coins. This unique production technique contributed to the distinct appearance of the 1966 SMS coins, making them highly sought after by collectors.
The mintage of the 1966 Special Mint Set was approximately 2.5 million sets, which is relatively low compared to other mint sets produced in different years. This limited availability has contributed to the desirability of the 1966 SMS among collectors. The set is particularly popular for its historical significance, as it represents a unique moment in the evolution of U.S. coinage. The decision to produce the SMS instead of standard proof sets was a direct response to the challenges the Mint faced during this period, highlighting the Mint's adaptability and commitment to meeting collector demands.
The condition of the coins within the 1966 SMS is a crucial aspect for collectors. Each coin was carefully packaged in protective holders to preserve its quality and prevent damage. The attention to detail during the minting and packaging processes ensures that many coins from this set remain in excellent condition today. Collectors value coins from the 1966 SMS for their relatively pristine appearance, which can include strong details and minimal surface marks. As a result, high-grade examples of these coins command premium prices in the numismatic market.
The 1966 SMS is unique in its ability to appeal to both casual collectors and serious numismatists alike. For those new to coin collecting, the set offers a glimpse into the historical context of U.S. coinage during the 1960s, providing an accessible introduction to the world of numismatics. Meanwhile, seasoned collectors appreciate the set's rarity and the unique characteristics of the coins, which set them apart from both standard circulation coins and traditional proof coins.
In conclusion, the Special Mint Set of 1966 is a fascinating snapshot of American coinage during a time of change and innovation. It highlights the U.S. Mint's ability to adapt to challenges while maintaining a focus on quality and historical significance. The designs of the coins within the set continue to resonate with collectors and the public alike, serving as enduring symbols of American values and heritage. As a result, the 1966 SMS remains a cherished addition to any collection, embodying a unique moment in the history of U.S. minting and the ongoing legacy of American currency.