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In an extraordinary turn of events, a rare 1964 Kennedy Half Dollar was discovered beneath an old car mat, leading to a remarkable auction where it fetched $108,000, setting a world record for its type.
This unexpected find has captivated coin enthusiasts and collectors worldwide, highlighting the potential value hidden in everyday places.
The Discovery: An Unexpected Find
The coin, a 1964 Special Mint Set (SMS) Kennedy Half Dollar, was found by an individual cleaning out an old vehicle.
Unaware of its significance, the finder later consulted with numismatic experts who identified it as one of the rare SMS specimens produced by the U.S. Mint in the mid-1960s.
Understanding the 1964 SMS Kennedy Half Dollar
The 1964 SMS Kennedy Half Dollar is one of the rarest coins in American numismatics. Unlike regular circulation coins, SMS coins were struck with a special process that gave them a unique finish and sharper details.
Only a handful of these coins are known to exist, making them highly sought after by collectors.
Auction Highlights: A Record-Breaking Sale
The coin was presented at an auction held during the Central States Numismatic Society (CSNS) Convention. After intense bidding, it sold for $108,000, surpassing the previous record of $47,000 for a coin of its type.
This sale underscores the immense value that rare coins can hold, especially those with unique characteristics and limited mintage.
Key Features of the 1964 SMS Kennedy Half Dollar
| Feature | Description |
|---|---|
| Year | 1964 |
| Type | Special Mint Set (SMS) |
| Composition | 90% Silver, 10% Copper |
| Finish | Satin-like with sharp details |
| Estimated Mintage | Approximately a dozen known specimens |
| Notable Sale | $108,000 at Heritage Auctions |
Why This Coin Is So Valuable
Several factors contribute to the high value of the 1964 SMS Kennedy Half Dollar:
- Rarity: With only about a dozen known examples, its scarcity significantly boosts its value.
- Unique Finish: The special minting process gives the coin a distinctive appearance, differentiating it from regular issues.
- Historical Significance: As the first year of the Kennedy Half Dollar series, 1964 holds particular importance for collectors.
- Condition: The coin’s exceptional preservation adds to its desirability and market value.
A Remarkable Journey from Obscurity to Fame
The discovery of the 1964 SMS Kennedy Half Dollar under a car mat and its subsequent sale for $108,000 is a testament to the hidden treasures that can exist in the most unexpected places.
This story serves as an inspiration for collectors and enthusiasts to remain vigilant, as valuable pieces of history may be closer than they think.
FAQs
Why is the 1964 SMS Kennedy Half Dollar so valuable?
The coin is extremely rare, with only about a dozen known examples. Its unique satin-like finish, limited mintage, and historical significance as the first year of the Kennedy Half Dollar series contribute to its high value.
How can I tell if I have a 1964 SMS Kennedy Half Dollar?
Look for a sharp, satin-like finish with strong details and squared-off rims. Unlike proof or circulation strikes, SMS coins have a unique appearance and are best verified by a professional coin grading service.
Where was this valuable coin found?
The coin was discovered under a car mat while someone was cleaning out an old vehicle—proving valuable coins can be found in unexpected places.