1966 SP68 DCAM Kennedy 50C with a QA Sticker! UPDATE: Price Record Shattered at Great Collecti
numisma
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I found this coin online today while looking at other coins. This is not my favorite series of coinage by a long shot, but having been in the business for a long time, I can tell you that I have never seen such a stunning 1966 half dollar. It must have been one of the first ten coins off of a freshly lapped set of dies. Right?
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<< <i>That is one super Kennedy... Cheers, RickO >>
+1
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
The coin was submitted to us at Long Beach and immediately sent by the customer to GreatCollections for a true no reserve auction.
The coin will sell for a record price
I am the owner and founder of QA Check.
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
<< <i>I am the owner and founder of QA Check. >>
Sweet looking coin. Congrats!
This is 61% higher than the previous realized price, when the pop was 4 vs 5. It's also 36% higher than the previous highest realized price ever (both of these comparisons are the same coin, which went down in value after it sold the second time)
Yes its a different market, but I think the recognized quality spells the difference
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
<< <i>Final Price Realized $14,850...no reserve public auction
This is 61% higher than the previous realized price, when the pop was 4 vs 5. It's also 36% higher than the previous highest realized price ever (both of these comparisons are the same coin, which went down in value after it sold the second time)
Yes its a different market, but I think the recognized quality spells the difference >>
Glad to hear of the great result. Congrats
a grade they just don't hand out
"to view this in hand must be a treat"
james had such honor and even confirmed it
AN SMS MOOSE RIGHT HERE
<< <i>I was following the sale on GC. A spectacular SMS Kennedy! The second opinion as to the coin's quality provided by QA was likely a factor in the value achieved. >>
I agree that the QA approval sticker added at Least $4,000 to the value over a coin in the same grade without a QA verification of quality. Hard to dispute that fact. The population at PCGS is only 5 coins in SP68 DCAM, none finer (06/2015). The last recorded sale was at Heritage, where that coin brought $9,200 with the juice. The PCGS Price Guide has this coin at $10,000 (sans QA sticker, of course).
I didn't want to cross any lines, so I purposely did not mention that the coin was being auctioned at Great Collections when I first posted this thread. By the way, I have zero interest in this coin in any way, shape or form. I just thought it was a spectacularly rare and visually appealing piece. It actually sold for more than I would have guessed. It hammered at $13,500 ($14,850 with Buyer's Fee).
Congrats to the new owner. Anything is possible, but I highly doubt that more than one or two exist in unsearched collections with 1966 SMS sets. I have literally checked thousands of sets over the years, and never found anything as nice as the coin in my first post.
Link to closed auction at Great Collections
As always, just my two cents. Wondercoin.
Latin American Collection
and it sets us apart from practitioners and consultants. Gregor
the twist is that serious collectors of Modern coinage understand and accept what/why collectors of Classic coinage do, but it quite often doesn't work the other way. your comment expresses that sentiment. I have maintained for many years at this site that SMS coinage from the 1960's would in time gain importance throughout the Hobby. from a Historical standpoint it should be clear to everyone what was taking place during the mid 1960's when these coins were issued, what circumstances led to their production methods and why a coin such as the one linked by the OP is significant and, hence, appreciated and expensive.
if we try to think about coins and their Historical significance and importance, while pushing their value out of our minds, some questions get answered. for instance --- Why is an 1845-D $5 Gold coin important and why is a 1943-D Lincoln Cent maybe more important??
That is how a DCAM is supposed to look. Lovely!
<< <i>I cannot personally fathom spending that kind of money on this coin but Im sure people think I am a fool for how much I spend on what I collect.
the twist is that serious collectors of Modern coinage understand and accept what/why collectors of Classic coinage do, but it quite often doesn't work the other way. your comment expresses that sentiment. I have maintained for many years at this site that SMS coinage from the 1960's would in time gain importance throughout the Hobby. from a Historical standpoint it should be clear to everyone what was taking place during the mid 1960's when these coins were issued, what circumstances led to their production methods and why a coin such as the one linked by the OP is significant and, hence, appreciated and expensive. >>
Production methods were different and a coin such as this should not exist. Although a lot for a Kennedy; I can 'understand' the rarity. Moderns will continue to appreciate, as they are tomorrow's classics. Classics will only become even RARER, as well. It is market dynamics and the basis of 'scarcity' and 'supply & demand'.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
To those who claim that they can easily find multiple examples of coins like the one pictured in this thread I say:
A. bunk; and
B. prove it.
Also a very interesting auction result. It would not surprise me to see this coin sell for even more in the future.
SMS coinage from 1964 to 1967 is a fascinating niche of the hobby. It makes one wonder what the heck was going on at the SF Assay Office, at the mother mint in Philly and in Washington at the time that resulted in such a wide and deep variety of SMS coinage [from ugly low quality dogs to high end coins like the 66 half pictured in this thread]. Maybe the people involved in the production of these coins were spending too much time in the Haight-Asbury district of SF.
Unlike pre 1934 US coinage, the SMS coinage is still around today in large numbers. Since these sets were sold to collectors, they have survived well. As time goes by more and more of the remaining unsearched sets are located and searched for cherries. However, there are still unsearched sets in the market place that can be located and looked at by collectors. Cherries can still be found and purchased at modest prices. This gives one the chance at obtaining really nice coins that stand a good chance of appreciating in value.
what about poor Denver??
Not bad for a coin minted at the San Francisco assayers office!
--- sans MM, please explain.
I am the guy who found this incredible coin! I just wanted to add a couple things.... Firstly, I have been looking for a coin or coins like this for years... I have bought thousands upon thousands of SMS sets and spent more hours than money looking through them. I couldn't even begin to add up or count the very nice, noteworthy SMS Kens I have found, several of these coins have brought 4-figures and one other even brought 5 figures... BUT UNTIL FINDING THIS ONE HERE, I HAD NEVER EVEN SEEN ANYTHING LIKE THIS COIN! The second I opened the box and slid the holder out, I knew immediately that it was a 68Dcam. I text a buddy of mine telling him so. (he is also a frosty SMS fanatic like myself). The point I am trying to convey here is that this coin in-hand is so far above and beyond extraordinarily special that I cannot even explain it with words. (even if I could I probably wouldn't, for fear of public indecency
I absolutely know that whoever bought this coin is a very very happy person today, (assuming they have seen it in-hand by now). I am here to tell all of you, the photo (as good as GC's photos are) does nothing for this coin. It is a coin that sports a level of beauty that you cannot capture in a photo. The damn thing screams wildly at you when your eyes fall upon it. The frost is much heavier, thicker and whiter and the mirrors much blacker, deeper and more liquidly looking than the pictures indicate. The coin looks like a modern proof in terms of how clean it is overall and the degree of Black and white contrast... I have never seen any of the other 4 1966 SMS Kens that are in 68DC holders but knowing these coins as well as I do, I would honestly be surprised if any of those other 4 looked as amazing and unreal as this one does.
As far as the price, I was very happy with it, and I also feel that it is a coin that will only go up in demand and value over time. Popularity in this series is only going higher, and as more get serious about these coins more will come to understand and appreciate how special this coin, and one like it really is....
CONGRATS TO WHOEVER BOUGHT THE COIN, I HOPE YOU ARE AS IN LOVE WITH IT AS I WAS DURING MY OWNERSHIP!
Gorgeous coin!
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<< <i>Of those 1966 50C SP68DCAM certified by PCGS, how many times was this one sent in for a higher grade?
Gorgeous coin! >>
Not that I have any way of proving this,
BUT I CAN PROMISE AND GUARANTEE THAT THIS COIN WAS SITTING IN AN UNOPENED BOX OF 1966 SMS SETS UNTIL MARCH OF THIS YEAR, WHEN AT THAT TIME I BOUGHT SAID BOX, FOUND SAID COIN, AND SUBMITTED SAID COIN TO PCGS A GRAND TOTAL OF ONE TIME.... THERE WAS NEVER ANY QUESTION ABOUT THE GRADE, AS I MENTIONED, I KNEW EXACTLY WHAT IT WAS THE SECOND I LAID EYES ON IT (BEFORE I EVEN OPENED THE PLASTIC.)
I enjoyed reading your reply in this thread where you describe the coin and your opinion of same when you first saw it upon taking the SMS set out of its cardboard box. Your description reminded me of my own opinion of the pretty girl who was my first ever date [in November of 1971 when I was a sophomore in high school, where she and I and another couple double dated by going to the movies to see Clint Eastwood in "Play Misty For Me"]. She was perfect in every way.
By the way, you mentioned taking the set out of the cardboard box. It is common for coins that are struck consecutively in a production run to end up being assembled into sets, packaged, and shipped together. Thus when one finds a grouping of sets that produce a coin such as your 1966 68 DCAM half dollar, it is likely that other similar coins are present in other sets in the group. With this in mind, was the SMS set containing this fantastic half dollar a single stand alone set? Or was in in a group of other 1966 SMS sets? If so, did you look at the other sets in the group? If not, I would make a return trip to the place where you picked up the set and take a look at the others. Who knows, lightening may strike twice.
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