Posted by In a remarkable turn of events, a 1964 Kennedy Half Dollar discovered in a grandfather’s desk has been appraised at an astonishing $120,000, captivating coin collectors and enthusiasts worldwide.
The Discovery: A Hidden Treasure
During a routine cleaning session, a family stumbled upon an old desk belonging to their late grandfather.
Among the contents was a seemingly ordinary 1964 Kennedy Half Dollar. However, upon closer inspection by numismatic experts, the coin revealed characteristics that set it apart from typical specimens.
What Makes This Coin So Valuable?
Several factors contribute to the exceptional value of this particular coin:
1. Special Mint Set (SMS) Designation
The coin is identified as part of the 1964 Special Mint Set (SMS), a rare category with only about a dozen known examples.
These coins were struck with a unique satin finish and sharper details compared to regular issues. The SMS coins are shrouded in mystery, with limited information about their production and distribution.
2. Exceptional Condition
Graded as SP67 by the Professional Coin Grading Service (PCGS), the coin exhibits near-perfect preservation. High-grade examples like this are exceedingly rare and highly sought after by collectors.
3. Historical Significance
Minted shortly after President John F. Kennedy’s assassination in 1963, the 1964 Kennedy Half Dollar holds immense historical value. It symbolizes a pivotal moment in American history, further enhancing its desirability.
Comparative Analysis: Notable Sales
To contextualize the coin’s value, consider the following notable sales:
| Coin Type | Grade | Sale Price | Year |
|---|---|---|---|
| 1964 SMS Kennedy Half Dollar | SP67 | $47,000 | 2016 |
| 1964 Kennedy Half Dollar (Accented Hair) | PR68 | $46,800 | 2024 |
| 1964 Kennedy Half Dollar (Standard Issue) | MS68 | $57,600 | 2024 |
The newly discovered coin’s valuation at $120,000 surpasses these figures, underscoring its exceptional nature.
Key Features of the 1964 SMS Kennedy Half Dollar
- Composition: 90% silver, 10% copper
- Weight: 12.5 grams
- Diameter: 30.6 mm
- Finish: Satin-like surface with sharp details
- Edge: Reeded
- Mint Mark: None (Philadelphia Mint)
The discovery of this 1964 Kennedy Half Dollar serves as a compelling reminder of the hidden treasures that may lie unnoticed in our possessions.
Its extraordinary value is attributed to its rarity, pristine condition, and historical importance. For collectors and enthusiasts, this coin represents a pinnacle of numismatic achievement.
FAQs
What is a Special Mint Set (SMS)?
A Special Mint Set refers to a limited production of coins with enhanced finishes, produced for collectors. The 1964 SMS Kennedy Half Dollar is particularly rare, with only about a dozen known examples.
How can I determine if I have a valuable Kennedy Half Dollar?
Key indicators include the coin’s date, mint mark, condition, and unique features like the “Accented Hair” design. Consulting a professional coin grading service can provide an accurate assessment.
Why is the 1964 Kennedy Half Dollar historically significant?
It was the first coin issued after President Kennedy’s assassination, serving as a tribute to his legacy. Its release marked a significant moment in U.S. history.