You might have a small fortune sitting in your pocket right now. A rare 1964 penny could be worth up to $27,500, and it’s still floating around in change jars, piggy banks, or even your wallet. This isn’t just any penny—it’s a special one with a unique error that collectors are desperate to find. Known as the 1964 SMS penny, this coin is a hidden gem that could turn a single cent into thousands of dollars. Let’s explore why this penny is so special and how you can spot it.
What Makes the 1964 SMS Penny Special?
In 1964, the U.S. Mint made millions of pennies, but a tiny batch called the Special Mint Set (SMS) pennies were different. These were test coins made with extra care, giving them a super sharp, almost mirror-like finish. Only a handful—possibly fewer than 50—were ever released, and experts aren’t sure how they got out. Their rarity and unique look make them a collector’s dream. Unlike regular pennies, these coins stand out for their crisp details and shiny surface, which can catch your eye if you know what to look for.
How to Identify This Rare Penny
Spotting a 1964 SMS penny takes a keen eye, but it’s not impossible. First, check the date—it must be 1964. Then, look at the coin’s surface. SMS pennies have a super clear, polished look, with sharp letters and details that pop. Regular 1964 pennies look duller and less defined. Another clue is the lack of wear; these coins often look brand new, even decades later. If you think you’ve found one, compare it to pictures online or take it to a coin expert to confirm. You don’t want to spend a penny worth thousands by mistake.
1964 SMS Penny Specifications
| Feature | Details |
|---|---|
| Year Minted | 1964 |
| Material | 95% copper, 5% tin and zinc |
| Weight | 3.11 grams |
| Mint Mark | Usually none (Philadelphia) |
| Key Identifier | Mirror-like finish, sharp details |
Why Is It Worth So Much?
The value of the 1964 SMS penny comes from its rarity and condition. Since so few exist, collectors are willing to pay big money—sometimes $10,000 to $27,500—for one in top shape. For example, a pristine 1964 SMS penny sold for $27,500 at a 2023 auction. The coin’s unique production process and the mystery of how it escaped the Mint add to its allure. Even pennies in slightly less perfect condition can still fetch thousands. If you find one, it’s like hitting the jackpot with pocket change.
Where to Look and What to Do
You don’t need to be a coin hunter to find this treasure. Check your loose change, old coin rolls, or family heirlooms. Places like flea markets, antique shops, or even your grandma’s cookie tin might hold a 1964 SMS penny. If you think you’ve got one, don’t clean it—cleaning can lower its value. Instead, take it to a professional coin dealer or get it graded by a service like PCGS or NGC. You can sell it at auctions, through coin shops, or online platforms like eBay, but always know its worth first to get the best deal.
- Search pocket change, coin jars, or old collections for 1964 pennies.
- Look for a shiny, mirror-like finish with sharp details.
- Avoid cleaning the coin to preserve its value.
- Get it checked by a coin expert or grading service.
- Sell through trusted dealers, auctions, or online marketplaces.
A Tiny Coin with a Big Story
The 1964 SMS penny is more than just money—it’s a piece of history with a mysterious past. Its rarity and stunning appearance make it a prize for collectors, but it’s also a reminder that treasures can hide in plain sight. Next time you’re emptying your pockets or digging through loose change, take a second look. That penny you almost spent could be worth thousands. Keep your eyes open, and you might just find a 1964 SMS penny waiting to change your life.
