1966 United States Special Mint Set

The 1966 United States Special Mint Set is a unique and fascinating numismatic collectible that showcases the country's rich coinage history. This set was created in response to the rising demand for coins and the subsequent coin shortage that plagued the United States during the mid-1960s. To understand the significance of the 1966 Special Mint Set, it's essential to delve into the historical context that led to its creation.

Historical Background and the Coin Shortage

The early 1960s saw a significant increase in coin collecting, partly due to the rising popularity of hobbies and the introduction of new coin designs, such as the 1964 Kennedy half dollar. This surge in demand, combined with the removal of silver from circulating dimes and quarters in 1965, led to a severe coin shortage. The U.S. Mint, unable to keep up with the demand for coins, was faced with a dilemma. To alleviate the shortage, the Mint introduced the Special Mint Set in 1965, which was continued into 1966.

Composition and Unique Features of the 1966 Special Mint Set

The 1966 United States Special Mint Set contains five coins: the Lincoln cent, Jefferson nickel, Roosevelt dime, Washington quarter, and Kennedy half dollar. What makes this set unique is that the coins are not circulated currency but rather specially prepared coins struck on polished planchets and handled carefully to prevent scratches and abrasions. These coins were packaged in a rigid plastic holder, allowing collectors to view both sides of each coin without having to remove them from the set.

Collectibility and Market Demand

The 1966 Special Mint Set has seen fluctuating market demand over the years, influenced by factors such as the condition of the coins, the original packaging, and the overall rarity of the set. In recent years, there has been a resurgence of interest in these sets, particularly among collectors seeking to complete their collections of modern U.S. coins. The condition of the coins and the set’s original packaging play a significant role in determining its value, with sets in excellent condition commanding higher prices.

Authentication and Grading

For collectors looking to purchase a 1966 Special Mint Set, authentication and grading are crucial. Reputable third-party grading services can verify the set’s authenticity and grade the condition of the coins, providing a level of assurance for collectors. These services use strict criteria to evaluate the coins, including their condition, strike quality, and originality, and assign a grade accordingly.

In conclusion, the 1966 United States Special Mint Set is a unique and valuable collectible that offers a glimpse into the country's numismatic history. With its specially prepared coins and unique packaging, this set is a must-have for serious collectors and numismatists. As the demand for these sets continues to grow, collectors must be diligent in their pursuit of authentic and high-quality specimens.