In a remarkable turn of events, a 1964 SMS Kennedy Half Dollar—one of the rarest coins in American numismatics—was recently discovered in a family coin box and sold for over $100,000. This coin’s rarity and historical significance have captivated collectors and enthusiasts alike. In this article, we delve into the details of this discovery, the coin’s unique characteristics, and its journey to becoming a six-figure asset.
The Discovery: A Hidden Gem in a Family Coin Box
While sorting through a collection of old coins, a family stumbled upon a 1964 SMS Kennedy Half Dollar. Initially overlooked, this coin was later identified as an SMS (Special Mint Set) issue, which are known for their exceptional quality and limited mintage. The discovery was verified by leading grading services, confirming its authenticity and rarity.
Understanding the 1964 SMS Kennedy Half Dollar
What Makes It Special?
The 1964 SMS Kennedy Half Dollar stands out due to several unique features:
- Finish: Unlike regular circulation strikes, SMS coins have a satin-like finish, resulting in sharper details and a more refined appearance.
- Mintage: The exact number of SMS coins struck is unknown, but estimates suggest only a few hundred were produced, making them exceedingly rare.
- Condition: SMS coins were struck with higher pressure and polished dies, leading to coins with minimal contact marks and exceptional eye appeal.
Design Details
- Obverse: Features a left-facing portrait of President John F. Kennedy, designed by Gilroy Roberts.
- Reverse: Depicts the Presidential Seal, designed by Frank Gasparro.
- Mint Mark: SMS coins lack a mint mark, distinguishing them from other issues.
The Auction: From Discovery to Six-Figure Sale
After authentication, the coin was sent to a reputable auction house specializing in rare numismatic items. Due to its exceptional quality and rarity, the 1964 SMS Kennedy Half Dollar garnered significant interest from collectors worldwide. The auction concluded with the coin selling for over $100,000, setting a new record for this particular issue.
Market Value and Investment Potential
Current Market Value
As of 2025, the 1964 SMS Kennedy Half Dollar in MS67 grade is valued at approximately $108,000, based on recent auction results.
Investment Considerations
Investing in rare coins like the 1964 SMS Kennedy Half Dollar offers several advantages:
- Historical Significance: Coins that commemorate pivotal moments in history tend to appreciate over time.
- Rarity: Limited mintage coins are less susceptible to market fluctuations due to their scarcity.
- Intrinsic Value: Coins with precious metal content retain inherent value, providing a hedge against inflation.
Comparison with Other 1964 Kennedy Half Dollar Varieties
| Coin Type | Estimated Mintage | Notable Features | Approximate Value (MS67) |
|---|---|---|---|
| 1964 SMS | Few hundred | Satin finish, high quality | $108,000 |
| 1964 Proof | 3,950,792 | Mirror-like finish, cameo contrast | $2,800 |
| 1964-D | 156,205,446 | Regular circulation strike | $26,500 |
| 1964 (No Mint Mark) | 273,304,004 | Regular circulation strike | $5,200 |
Note: Values are approximate and based on MS67 grade.
The discovery of the 1964 SMS Kennedy Half Dollar in a family coin box underscores the importance of preserving and examining old coin collections. This coin’s journey from an overlooked item to a six-figure asset highlights the dynamic nature of the numismatic market and the enduring appeal of rare, historically significant coins.
FAQs
What is an SMS coin?
An SMS (Special Mint Set) coin is a type of coin produced by the U.S. Mint with a satin-like finish, intended for collectors. These coins were struck with higher pressure and polished dies, resulting in sharper details and minimal contact marks.
How can I identify a 1964 SMS Kennedy Half Dollar?
The 1964 SMS Kennedy Half Dollar can be identified by its satin-like finish, lack of mint mark, and exceptional detail. Professional grading services can authenticate and grade the coin to confirm its status as an SMS issue.
Are there other rare 1964 Kennedy Half Dollar coins?
Yes, other rare varieties include the 1964 Proof and 1964-D coins. The 1964 Proof coins have a mirror-like finish and cameo contrast, while the 1964-D coins were struck at the Denver Mint and are noted for certain error varieties.
