***Auction Highlight*** 1964 Special Mint Set Lincoln Cent 1c Graded spGem++ rd by USCG. Per Jamie Hernandez Of PCGS: In 1964 the U.S. Mint struck circulation strike coins, proof coins and surprisingly, it also struck a very limited number of Special Strike coins also referred to as Special l Mint Sets (SMS). It is believed that only about a couple dozen sets of Special Strike coins were struck in 1964. However, to this date it is a complete mystery as to why these coins were ever produced; There are many different theories on why the 1964 SMS coins were produced. These coins could have been produced as prototypes for the 1965 to 1967 SMS coins. The 1964 SMS coins could have also been produced as introductory pieces, possibly even intended to include a 1964-D Peace dollar; Many experts believe there are anywhere from 20 to 50 sets in existence in all grades combined, making these coins very scarce. Many of the 1964 SMS coins could have also been lost, damaged or even tossed aside since their mysterious status was only somewhat solved by early 1993 (almost 30 years after they were initially produced). The 1964 SMS coins are extremely scarce, but regardless, more are still believed to be out there that have not been attributed yet.
The special finish for the 1964 SMS Lincoln cents is characterized by a nice, smooth, satin-like finish. The fields are usually well struck, very clean and tend to come without any major nicks or scratches. The edges for most 1964 SMS coins also tend to be square and sharp. The bust and legends are usually highly detailed and sharp on most examples, especially when compared to circulation strike coins. The surfaces are non-reflective compared to proof coins of the era, yet, are not the same finish as regular issue coins from the same year.