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SMS - Special Mint Set

by: derrickallan( 2894Feedback score is 1000 to 4,999) Top 10000 Reviewer
20 out of 22 people found this guide helpful.
Guide viewed: 2132 times Tags: SMS | Special Mint Set | Matte | Satin | Coin


When minting coins, the United States Mint mainly uses two distinctly different production methods. One method results in the usual circulating coins that are found in cash register drawers and pockets and the other method is used to make proof coins, highly reflective and sometimes nearly flawless examples of each type of coin which are made specifically for the coin collector. The biggest exception is with SMS coins.

History of SMS Coins

In 1965, apparently in an effort to discourage the hoarding of coins, the US Mint ceased producing Proof coins. This was understandably not well liked by the coin collectors of the time. To answer the demands of the collector, the Mint instead issued sets of coins known as Special Mint Sets. While the quality of these coins was not at first very much better than that of the Business Struck coins of that time, by 1967 some SMS coins began to resemble proof coins with somewhat mirrored backgrounds and frosted devices.

The mint resumed production of Proof coins in 1968 and so ceased production of Special Mint Sets.

Today these Special Mint Set coins usually appear in proof coin collections, filling in the gap from 1965 to 1967 that would otherwise exist in a complete collection.

A Special Mint Set includes one coin of each denomination from that time period: Penny, Nickel, Dime, Quarter and Half Dollar. They can be graded on the same numerical scale as Business Strike coins (60-70) or using the more informal "Choice" and "Gem" designations. Just like proof coins, SMS coins can be found with a frostiness (or cameo) on the raised surfaces. And just like with early proof coins, such cameoed SMS coins can command higher prices as they are scarcer.

There are also known to be a few examples of SMS coins dated 1964. These were apparently produced as some sort of test run as they are very rare (and thus costly to obtain).

Modern SMS Coins

More modernly the Mint has begun producing a type of SMS again. Starting in 2005, the coins that are put into the Uncirculated Sets that are distributed by the mint are no longer the usual circulating coins. Instead special coins are being made which have a far superior finish on them with fewer nicks and dings. The finish is not mirrored with cameo raised devices like a proof, rather it is a uniform matte or satin finish. Here is an example:

There have been a few other examples of coins minted with this finish over the years such as a 1994 P Jefferson Nickel (distributed along with the Thomas Jefferson 250th Anniversary Commemorative Dollar) and the 1998 S Silver Kennedy Half Dollar (issued in a set with the Robert F. Kennedy Commemorative Dollar) and these could be designated "SMS" coins as well.

Complete List of SMS Dates

Following is a complete list of all dates of SMS coins starting with 1964 up through 2006.

Lincoln Memorial Pennies:

1964

1965

1966

1967

2005 P Satin

2005 D Satin

2006 P Satin

2006 D Satin

Jefferson Nickels:

1964

1965

1966

1967

1994

1997

Bison Nickels:

2005 P Satin

2005 D Satin

Ocean in View Nickels:

2005 P Satin

2005 D Satin

Return to Monticello Nickels:

2006 P Satin

2006 D Satin

Roosevelt Dimes:

1964

1965

1966

1967

2005 P Satin

2005 D Satin

2006 P Satin

2006 D Satin

Washington Quarters:

1964

1965

1966

1967

State Quarters:

2005 P California Satin

2005 D California Satin

2005 P Minnesota Satin

2005 D Minnesota Satin

2005 P Oregon Satin

2005 D Oregon Satin

2005 P Kansas Satin

2005 D Kansas Satin

2005 P West Virginia Satin

2005 D West Virginia Satin

2006 P Nevada Satin

2006 D Nevada Satin

2006 P Nebraska Satin

2006 D Nebraska Satin

2006 P Colorado Satin

2006 D Colorado Satin

2006 P North Dakota Satin

2006 D North Dakota Satin

2006 P South Dakota Satin

2006 D South Dakota Satin

Kennedy Half Dollars:

1964

1965

1966

1967

1998 S

2005 P Satin

2005 D Satin

2006 P Satin

2006 D Satin

Sacagawea Dollars:

2005 P Satin

2005 D Satin

2006 P Satin

2006 D Satin


Guide ID: 10000000004618069Guide created: 10/30/07 (updated 09/07/09)

 
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Related tags: planchet | SMS | make coins | coins | Special Mint Set | Coin | Satin | mint | die | Matte

 


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