1964 SMS Penny Worth Up to $9,000: The 1964 SMS (Special Mint Set) Lincoln Cent is a mysterious and scarce coin that continues to fascinate collectors. Unlike regular circulation pennies, these coins were struck with a satin-like finish and sharper details, believed to be experimental issues from the Philadelphia Mint. Their rarity and unique characteristics make them among the most valuable Lincoln cents ever discovered.
1964 SMS Penny Value and Key Details
| Grade / Condition | Approximate Value Range |
|---|---|
| Circulated (common 1964 cent) | 2 – 3 cents |
| Mint State (regular strike) | $1 – $20 |
| SMS Penny SP65 | $4,000 – $6,000 |
| SMS Penny SP66 | $6,500 – $9,000 |
| SMS Penny SP67+ | Auction records exceeding $19,000 |
What Makes the 1964 SMS Penny Special
The 1964 SMS penny is not a typical proof or circulation strike. It features a satin finish, squared-off rims, and sharper details compared to regular 1964 cents. Experts believe fewer than 30 examples exist, possibly struck as test pieces during the transition from proof sets to special mint sets in the mid-1960s. This extreme rarity explains its high auction values.
Historical Background
The Lincoln Memorial design was introduced in 1959, and by 1964, billions of cents were produced. However, the SMS version was never officially released to the public. Instead, a handful surfaced in private collections, sparking debate among numismatists about their origin. Today, they are considered one of the most elusive modern coinage varieties.
Collecting and Identifying
Collectors should look for:
- Satin-like surfaces rather than mirror-like proof fields
- Sharper details on Lincoln’s bust and lettering
- Squared rims and crisp edges
- Certified grading by PCGS or NGC to confirm authenticity
Because of the rarity, authentication is essential. Many regular 1964 cents are mistakenly assumed to be SMS coins, but only certified examples carry significant value.
Final Verdict
The 1964 SMS Lincoln Cent is a legendary rarity in American coinage. With values ranging from several thousand dollars to nearly $20,000 for top-graded examples, it represents both historical intrigue and financial opportunity for collectors. For anyone who discovers one, professional grading and authentication are critical steps to secure its true worth.
Disclaimer
This article is intended for informational purposes only. Coin values fluctuate based on market demand, condition, and auction results. Readers should consult professional numismatists or certified grading services before buying or selling rare coins.