1964 D Kennedy possibly a SMS not sure
CoinRaz24
Posts: 25 ✭
Just got my hands on this and a buddy told me I should have it graded. What do you guys think?
3
CoinRaz24
Posts: 25 ✭
Comments
Have your buddy pony up the cost of the shipping/grading and tell him you will them split the profit 50/50.
peacockcoins
My first argument would be Mint state.
Have your buddy pony up the cost of grading and split the loss 50/50.
The SMS coins from that year are dated 1964, not 1964-D. But regardless, your coin doesn’t resemble the SMS coins and is worth approximately melt value.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Give it your buddy as a gift and he can submit it himself if he wants. The goodwill you get is far, far greater than the value of the coin (about $11.50 at the moment)
Thank you guys for all your input!
I assume this one is the same. Like the one above
I was being a bit tongue-in-cheek, but yeah. You are more accurate in your assessment.
peacockcoins
I knew you were but didn’t know if the OP did.😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
If you think that you hav a coin that is worth more that the 400+ million Kennedy half dollars were struck in 1964, you need to tell us why you think that
I think your buddy is an idiot.
In honor of the memory of Cpl. Michael E. Thompson
It is very well struck.
The so called 1964 sms coins are enigmatic, even numismatic experts don't agree on exactly what they are. Even if they are sms coins, none were released to the public in any way. In 61 years, none have ever been found in rolls, circulation, accumulations, or mint sets. It appears they were all kept by mint officials, it just isn't a coin you are going to find. If you really think you have a chance you would need to compare die markers to known examples, you can do an image search for these markers. All markers would have to match exactly. The next thing would be to spend a LOT of money to have it verified as such.
No
https://forums.collectors.com/discussion/1094235/origins-of-the-1964-sms-coins-info-now-published-in-nov-2024-the-numismatist <-- even though the first post has been deleted, there is a lot of good info in that thread.
Unfortunately, the actual article is behind a paywall https://reader.exacteditions.com/issues/118553/spread/52
ANA 50 year/Life Member (now "Emeritus")
so bottom line neither of the coins are worth more than melt price at this point or should I send them in for grading?
Can someone explain to me why online I’m reading that a no mint mark 64 can be with upto $5,000 depending on quantity and a 1964 D has been sold for $26,000
I don’t know can anyone help me understand what I’m missing from the equation besides the fact I haven’t yet graded these coins yet?
Hey Buddy, can you loan me a dime...
Same reason a 1964 GTO can be worth 100k, or not.
The 1964 D to which you refer is an MS 68.
The 1964 P is an MS 67+.
Let’s guess that yours are MS 65.
The 65 D is worth 500 times less than the MS 68.
The 65 P is worth 100 times less than the MS 67.
That’s what you’re missing?
If a coin does not have a mint mark, you can assume that it is from the Philadelphia Mint (except for 1965, 1966, and 1967 when there were no mint mark from any place).
Do not use the term “no mint mark”; even though you encountered the correct value information on the two best examples, using that term hints that sources that you study are dubious.
Good luck.
Only extremely high grade coins would have that kind of value. PCGS list only one 1964 D ever graded at ms68 and that is the $26,000 one. An ms60 is listed at $17.
@CoinRaz24, so the issue with value you’re running into has to do with what’s called condition rarity. Basically, the short version is, there are far fewer nearly perfect coins than there are very nice coins.
I’m glancing through the PCGS CoinFacts app, which is a great tool when you’re starting to look at retail and realized auction prices. If you don’t want to download the app, CoinFacts is also available as a website, and you can just google to bring it up.
So, according to CoinFacts, PCGS has graded a grand total of 8,758 1964-D half dollars. Only a single one of those coins was awarded a grade of MS68. In percentiles, that means PCGS had given a hundredth of one percent of all 1964-D halves an MS68 grade. That coin—also according to CoinFacts—sold at auction for $22K and change in 2016. Which means bidders with deep pockets were competing to own the single finest known 1964-D half graded by PCGS.
When you drop a single grade to MS 67 (which is still a fantastically nice “super gem” coin), PCGS has logged 104 coins with that grade. And at auction those MS671964-D halves generally sell for $300-$500.
I’m guessing you can see where this is going for coins grading even lower than that.
Unfortunately, your coins don’t even approach these lofty grades.
@shurke That was a very nicely done, very accurate post. Hopefully the OP has some interest in collecting coins and reads your post. I think it will help the OP going forward.
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according to James Bucki both (P) and D exist, but D is exclusive to the NNC
https://www.thesprucecrafts.com/kennedy-half-dollar-specifications-3892146
Coin Photographer and Videographer
https://www.youtube.com/@FriendlyEagle7
How is that possible given that there is no record of actual SMS coins being struck and all the others trace to the same Philadelphia provenance? Why would the NNC been given an SMS coin that was never officially minted? Or was it a pattern or trial strike?
the only theory that makes sense to me is that the business strike coins given to the NNC are not actually business strikes, but are SMS coins. It makes sense they would take extra care in die prep and striking for those coins, and this is what FlyingAI found when he wrote his recent article, though he came to the conclusion that there is no such thing as SMS (except for 65-67 of course) because the biz strike coins in the NNC matched the graded 64 "SMS".
Coin Photographer and Videographer
https://www.youtube.com/@FriendlyEagle7
AI stupidity
ANA 50 year/Life Member (now "Emeritus")