The 1966 Special Mint Set (SMS) Kennedy Half Dollar stands as a remarkable piece in numismatic circles, often fetching prices up to $3,500 or more. This coin, part of the Kennedy Half Dollar series, holds significant historical and monetary value, making it a coveted item for collectors.
Historical Context
Introduced in 1964 to honor President John F. Kennedy after his assassination, the Kennedy Half Dollar quickly became a symbol of national respect.
Between 1965 and 1967, the U.S. Mint produced Special Mint Sets (SMS) instead of traditional proof sets, aiming to provide collectors with higher-quality coins during a period when proof coinage was temporarily halted. The 1966 SMS Kennedy Half Dollar emerged from this initiative, distinguished by its superior finish and craftsmanship.
Design and Specifications
The 1966 SMS Kennedy Half Dollar features:
- Obverse: A left-facing portrait of President Kennedy, designed by Gilroy Roberts.
- Reverse: The Presidential Coat of Arms, an intricate depiction of a heraldic eagle holding an olive branch and arrows, crafted by Frank Gasparro.
- Composition: 40% silver and 60% copper, a reduction from the 90% silver content in the 1964 issue.
- Weight: 11.50 grams.
- Diameter: 30.61 millimeters.
- Edge: Reeded with 150 reeds.
Mintage and Rarity
In 1966, the San Francisco Mint produced approximately 2,261,583 SMS Kennedy Half Dollars. Unlike regular circulation coins, these lacked mint marks due to a temporary policy aimed at discouraging coin hoarding. The absence of a mint mark and the unique SMS production process contribute to the coin’s rarity and desirability among collectors.
Value and Grading
The value of a 1966 SMS Kennedy Half Dollar varies based on its condition and specific characteristics:
- Standard SMS Coins:
- SP60-SP62: Approximately $5 to $7.
- SP63-SP67: Ranges from $10 to $60.
- SP68: Around $250.
- SP69: Can command prices up to $900.
- Deep Cameo (DCAM) Variants:
- SP65-SP67: Between $450 and $1,700.
- SP68 DCAM: Notably, one sold for $16,450 in 2016.
The “Deep Cameo” designation indicates a coin with a highly reflective, mirror-like field and frosted devices, significantly enhancing its appeal and value.
Notable Errors and Varieties
Certain anomalies can further increase the coin’s value:
- No “FG” Initials: Some 1966 SMS halves lack the designer’s initials on the reverse, often due to over-polished dies.
- Doubled Die Obverse (DDO): Features noticeable doubling on the obverse inscriptions or design elements.
These errors are rare and highly sought after by collectors, often commanding premiums in the market.
Investment Potential
The 1966 SMS Kennedy Half Dollar represents a blend of historical significance and rarity. Its value has appreciated over time, particularly for specimens in superior condition or those exhibiting unique characteristics like the Deep Cameo finish.
Collectors and investors should consider factors such as coin grading, market demand, and the presence of any errors when assessing the coin’s value.
1966 SMS Kennedy Half Dollar Value by Grade
| Grade | Description | Approximate Value |
|---|---|---|
| SP60-SP62 | Standard quality | $5 – $7 |
| SP63-SP67 | Above average to near-perfect | $10 – $60 |
| SP68 | Exceptional quality | $250 |
| SP69 | Nearly flawless | Up to $900 |
| SP65-SP67 DCAM | Deep Cameo finish, high quality | $450 – $1,700 |
| SP68 DCAM | Deep Cameo, exceptional quality | $16,450 (noted sale) |
The 1966 SMS Kennedy Half Dollar is a testament to mid-20th-century American coinage, reflecting both the nation’s history and the artistry of its minting processes. Its combination of limited mintage, unique production qualities, and potential for rare errors makes it a prized addition to any numismatic collection.
FAQs
What distinguishes the 1966 SMS Kennedy Half Dollar from regular issues?
The 1966 SMS (Special Mint Set) Kennedy Half Dollar was produced with a higher quality finish compared to regular circulation coins, featuring a satin-like appearance and sharper details.
Why do some 1966 Kennedy Half Dollars lack mint marks?
Between 1965 and 1967, the U.S. Mint omitted mint marks on coins to discourage hoarding during a coin shortage.
What does “Deep Cameo” mean in coin grading?
“Deep Cameo” refers to coins with a strong contrast between frosted design elements and mirror-like fields, enhancing their visual appeal and value.
How can I determine the grade of my 1966 SMS Kennedy Half Dollar?
Coin grading assesses a coin’s condition, typically on a scale from 1 to 70. Consulting a professional grading service or numismatist can provide an accurate evaluation.
