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1964 50c Special Mint Set SMS

1964 50c Special Mint Set SMS

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Greysheet Catalog Details (GSID: 6988)

The 1964 Half dollar is part of a series of Kennedy half dollar coins struck from 1964-Present. The specific variety is Special Mint Set. Struck in Philadelphia and designated as a Business (SMS) strike, this coin is made of 90% silver; 10% copper from a mintage of Unknown struck.
While the United States Mint was busy producing business-strike coins for commerce needs and proof coins for collectors in 1964, apparently a couple dozen or so SMS Kennedy half dollars were also struck. But why were SMS coins made in 1964' It's a question that hasn't been ever definitively answered. What we in the numismatic community know is that several turned up in the estate of former United States Mint Director Eva B. Adams, who passed away in 1991.

Perhaps the 1964 SMS coins were made as prototype strikes for the SMS coinage that was struck for collectors from 1965 through 1967. Perhaps the 1964 SMS Kennedy half dollars were made in conjunction with the 1964-D Peace dollars that were struck but never authorized for release, and all of which were reportedly melted. Or, perhaps, there is another reason why the 1964 SMS Kennedy half dollars were struck but has yet to be elucidated.

All 1964 SMS Kennedy half dollars are extremely scarce and valuable. Their squared-off rims, well struck details, and clean fields differentiate them from their business-strike counterparts. In recent years, prices for the 1964 SMS Kennedy half dollars have easily crossed the five-figure threshold.

Obverse: Portrait of President John F. Kennedy surrounded by the word LIBERTY on the periphery. IN GOD WE TRUST appears left and right of the portrait with the date at the bottom. The mint mark, if any, appears under the right of Kennedy's neck.
Reverse: The heraldic eagle holding arrows and branch of olive leaves with a full circle of stars around it. UNITED STATES OF AMERICA * HALF DOLLAR surround the periphery.

Catalog Details    Dealers Only

Catalog Detail

GSID: 6988
Coin Date: 1964
Denomination: 50c / Half dollar
Designation: SMS
Mint Location: Philadelphia
Mintage: Unknown
Coinage Type: Kennedy half dollar
Coinage Years: 1964-Present
Prefix: Rare
Composition: 90% silver; 10% copper
Variety: Special Mint Set
Strike Type: Special Mint Set
Diameter: 30.6 mm
Fineness: 0.9
Weight: 12.5 gr
Weight: 0.36169 oz
Coin Shape: Round
Designer: Gilroy Roberts & Frank Gasparro
Obverse Designer: Gilroy Roberts
Reverse Designer: Frank Gasparro
PCGS #: 6844

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