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1965 MS-66 SMS Washington Quarter Question

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Moe145's Avatar
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 Posted 09/28/2009  10:06 am Show Profile   Bookmark this topic Add Moe145 to your friends list Get a Link to this Message Number of Subscribers
I should probably know this but I don't (either that, I have forgotten, if I ever did know...).

Here is a 1965 MS SMS Washington quarter graded by PCGS.

I don't know what the initials SMS stands for.

Help?



1965-MS-66-SMS-Washington-Quarter-Question

Edited to add:
A well placed Google search produced the following:

Definition:
Special Mint Set
A set of special coins-neither business strikes nor Proofs-first struck in limited quantities in 1965 and officially released in 1966-1967- to replace Proof sets, which were discontinued as part of the U.S. Mint's efforts to stop coin hoarding. The quality of many of the 1965 coins was not much better than that of business strikes-but by 1967, some Special Mint Set (SMS) coins resembled Proofs. In fact, the government admitted as much when it revealed how the 1967 issues were struck. In 1968, Proof coinage resume. There have been similar issues since; the 1994 and 1997 Matte-finish Jefferson nickels, for example, are frosted SMS-type coins. There also are a few known 1964 SMS coins, these likely struck as tests in late 1964 for the new 1965 SMS strikings.


Now I know!
Edited by Moe145
09/28/2009 10:24 am
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TheForce's Avatar
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 Posted 09/28/2009  10:19 am  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
SMS is Special Mint Set.
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cladking's Avatar
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 Posted 09/28/2009  11:56 am  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
They experimented and fiddled a lot with the SMS production.

The proof presses from Philly were shipped to San Francisco for use to make coinage without a mint mark to help alleviate the coin shortage of the time caused by massive hoarding of silver coin. The 1964 date was frozen and when the '65 clad coinage went into production this date was frozen as well.

Late in the year it was determined that they could make some collector sets but rather than make either the unc or proof sets that had been popular for many years they made the SMS's. Most collectors considered these neither fish nor fowl and turned their collective noses up at them. But the mint didn't seem to settle on any single process for their production until near the end of the program. The trials and experiments were packaged up and shipped to collectors. This no doubt accounts for the huge range in early reports about these sets. Some coins were hideous and some were near proof. There may have even been a few proofs sneaked into these sets.

Some dies were basined, some were not. Some dies were highly polished, some lightly polished and some got none at all. Some dies were frosted and some were not. By 1967 it's possible that all were frosted but none were refrosted. This may not apply to penny dies. Some dies appear to be just polished regular dies. The bulk of the dies were finely made and all were used in low speed presses at high pressure but it appears that in a few cases coins were struck twice. This is so unusual that it appears likely the second strike was inadvertant. Sometimes when this happened there was a polished planchet struck by basined dies so these would be technically proof coins.

You can find a very wide range of qualities and finishes on all three dates of the SMS's though the '67 is mostly just PL.
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