![]() SMS coins exhibit sharp strikes - often sharper than ordinary uncirculated coins.Here’s are some of the ways that SMS coins differ from typical proof coins and uncirculated coins: Mint had put on hiatus in 1965 - during the height of a crippling coin shortage.ġ966 SMS pennies are specially made Lincoln cents that have superior surfaces to an ordinary penny, but are not quite as shiny or sharply struck as a proof penny. They were a substitute for the traditional proof sets and uncirculated sets, which the U.S. Special Mint Sets (SMS) saw their second year of production in 1966. The most valuable 1966 penny to have ever sold at auction was graded MS67RD by Professional Coin Grading Service and took $6,463 in a 2012 auction.A typical uncirculated 1966 penny is worth around 10 to 20 cents apiece.A 1966 penny is worth about 2 cents - even in worn condition.So, it’s worth saving all of your copper pennies from 1966 because they’re technically worth 2 times face value! ![]() The amount of copper in a Lincoln cent is worth about twice its face value. Copper is a semi-precious metal that has increased in value during recent decades. It’s because these old pennies are made from a bronze composition consisting of 95% copper and 5% zinc. However, even this coin, available in plentiful quantities, has become scarce in pocket change these days. The 1966 Lincoln penny saw a mintage of 2,188,147,783 pieces - making it a highly common coin. Among the changes were the elimination of 90% silver coins due to rising bullion costs, the removal of mintmarks from coins, and the temporary suspension of traditional proof sets and uncirculated sets - both of which were replaced by Special Mint Sets (SMS). The aim was to strike more coins while reducing the incentive to pull coins from circulation. Mint to make several significant changes to its coin production. NOTE: A major coin shortage in the mid-1960s caused the U.S.
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