Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
300,000 items to help build your collection! Vancouvers #1 Coin and Paper Money Dealer Specializing in Modern Numismatics Coin, Banknote and Medal Collectors's Online Mall Join Thousands of Coin, Bullion, & Money Collectors Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Shop for APMEX Bullion on eBay!








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

1967 SMS 5c

To participate in the forum you must log in or register.
Author Previous TopicReplies: 3 / Views: 916Next Topic  
Valued Member
Stephen420's Avatar
United States
411 Posts
 Posted 09/16/2007  1:43 pm Show Profile   Bookmark this topic Add Stephen420 to your friends list Get a Link to this Message Number of Subscribers
As many know, in 1965-67, the mint did not produce proof sets. Instead, they issued "Special Mint Sets." Does anybody know why they did this, and what the difference is? I pulled this one from a set I paid less than $20 for a few years ago.

1967-SMS-5c
1967-SMS-5c
Pillar of the Community
Bilbo's Avatar
United States
812 Posts
 Posted 09/16/2007  8:15 pm  Show Profile   Bookmark this reply Add Bilbo to your friends list Get a Link to this Reply
The difference is that the Special Mint Sets did not use the specially polished dies used for proof sets. However, they were of better quality than the regular circulation strikes.

I don't know why no proof sets were created. The U. S. Mint behaved very oddly for those first three years after they stopped making dimes, quarters, and half dollars out of 90% silver. In addition to no proof sets, coins did not have mint marks, no matter where they were made. I think there was a concern about hoarding and a coin shortage, but I don't see how proof sets and mint marks would have made a difference.
Pillar of the Community
karrlot's Avatar
United States
535 Posts
 Posted 09/16/2007  10:51 pm  Show Profile   Bookmark this reply Add karrlot to your friends list Get a Link to this Reply
I think the reason was that they were trying to keep as many coins in circulation as possible. If they kept all coins identical, people wouldn't collect them. If memory serves me, I read somewhere that they continued to make 90% silver coins dated 1964 right up through 1967 (in addition to regular dated coins). They did this in an attempt to make people believe that the silver coins were not becomeing scarce and they should not be pulled out of circulation.
Pillar of the Community
SA4H's Avatar
United States
2764 Posts
 Posted 09/17/2007  4:43 pm  Show Profile   Bookmark this reply Add SA4H to your friends list Get a Link to this Reply
Yup.... like Bilbo said there were "date freezed" coins. Because the US was running short on coins and president Lyndon Johnson decided to freeze the date on the coins as well as remove the mint mark to prevent hoarding from coin collectors (like karrlot said).

Stephen, just think of it this way: You paid for a certified set of coin for less than $20, that's a good buy. You can put it up for sale and make a couple bucks or save it for your kids. Since they are certified coins... you dont have to worry about the grading and authenticity of the coins.

Enjoy.
  Previous TopicReplies: 3 / Views: 916Next Topic  

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.2 seconds to rattle this change. Forums