1965 United States Special Mint Set

1965 United States Special Mint Set
1965 United States Special Mint Set 1965 United States Special Mint Set 1965 United States Special Mint Set 1965 United States Special Mint Set
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Item #
182888
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  • 1+ $19.95 $19.36
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1965 Special Mint Set

In 1964, America faced an impending coin shortage due to speculation and hoarding of small change, thus requiring all the attentions of the Philadelphia Mint. The shortage was so severe, that the Mint broke a long-standing tradition, and produced 1964 dated coins, as late as 1966! Even worse, the Treasury discontinued production of Proof Sets and Mint Sets, so that full production capacity could be focused on coins for circulation. As an alternative, the Mint began producing Special Mint Sets containing coins that were, in effect, souped-up Uncirculated pieces. The "special" finish was brighter and shinier than on regular coins struck for general use, but short of the brilliant, mirrored surfaces of true Proof coins.

Even though these sets were struck and produced at the San Francisco Mint (then an Assay Office), the coins bore no mintmark. Three things worked against the 1965 Special Mint Sets: One, they contained no 90% Silver coins (the Dime and Quarter were made of Copper-Nickel; the Half Dollar only 40% Silver); two, the public failed to embrace the new finish; and three, the Mint priced the sets at an unprecedented $4.00 - mostly to reduce speculation, and partially to pay for a seventy-five cent registered mailing fee (instituted to reduce excessive losses through the mail system).

The Mint sent IBM order cards to 800,000 buyers of either the 1964 Proof or Mint Sets. On one side of the card, buyers were instructed to make remittance to the "officer in charge"; on the other side of the same card, a conflicting instruction asked that remittance be made to the Superintendent of the U.S. Mint." Fortunately, payments made either way were accepted.

Orders for the 1965 Special Mint Sets were accepted through June 15, 1966 and shipment of sets began on May 20th. The public's reaction to the Special Mint Sets was subdued - sales for 1965 were less than half of the combined sales of 1964 Proof Sets and Mint Sets.

About the sets: All of the Special Mint Set coins were struck at San Francisco on old presses obtained from the Ordnance Department, but without an identifying mintmark.

Most 1965 SMS coins have a brilliant finish. Cameo surfaces are rare in Nickel and Half Dollar and very rare in Cent, Dime and Quarter. Deep Cameo surfaces are extremely rare (the Cent and Dime may not exist as Deep Cameo).

Each set contained five coins: Lincoln Cent, Jefferson Nickel, Roosevelt Dime, Washington Quarter, and Kennedy Half Dollar.

Mintage: 2,360,000 sets

Original packaging: The coins in the 1965 Special Mint Sets were sealed in flat pliofilm packs along with a blue and silver disk identifying this as a Special Mint Set. The pack was sealed in a white envelope.

America in 1965

Black activist Malcolm X was assassinated. The St. Louis Arch was completed. Astronaut Edward White performed the first walk in space. President Lyndon Johnson signed Medicare into law.

The World in 1965

American involvement in Vietnam escalated, so U.S. forces went on the offensive, and the number of U.S. servicemen in Vietnam exceeded 150,000.

Year of Issue 1965
Country United States
Composition Mixed
Condition
Uncirculated
A state of preservation used to describe coins that never circulated in the channels of commerce, i.e. a coin without any wear from circulation.
Grade
BU
Brilliant Uncirculated (BU) coins are freshly minted coins that have seen absolutely no general circulation. These coins are either produced specifically for collectors or have been gathered and preserved immediately after production. These coins have tremendous mint luster that give distinct definition to every detail along with luminescent fields.
Denomination Varies
Currency Type Dollar
Mint Name
San Francisco - S
Established in 1853 to strike coins from California’s newly-discovered vast reserves of gold, the San Francisco branch of the United States Mint is famous for the quality, lustrous Morgan Silver Dollars produced at "The Granite Lady" from 1878 to 1921. After moving to a new building in 1937, coin production at the San Francisco mint shut down in 1955. A shortage caused regular coin production to resume in 1965. While the mintage of circulating coins ceased in 1981, proof coins and commemoratives are still struck at the San Francisco Mint today.
Coin Weight Various
Dimensions Various
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