I don't like it! Sometimes it doesn't matter much but the floating standard hides the fact that some dates are almost impossible clean (like '83-P), and some dates are almost impossible with full strikes ('82-P). A nice clean '83-P with a terrible strike can get a high grade and a beautiful well made '82-P can get a low grade just because it has some chatter or contact marks. An '82-P with a good strike from new dies is a rarity in any condition, especially when it has full luster. It's even rarer than a clean '83-P. Your '65 is not a common coin in that condition no matter what the price guides say.
MS67. Maybe MS66 if there are things unseen due to photo limitations. I’m not yet a novice quarter collector but I’ve had them in hand for about 60 years; Meow’s is the best I’ve ever seen. There’s a deep cameo “come-hither” look to the coin.
Many thanks to all who contributed to making this thread an educational opportunity for newbs. Especially to Kasia for the research.
OK all, Meow will reveal its grade. Meow is disappointed a bit with this grade, as to the naked eye at glance; It looks flawless. It seems totally nicer than a 65, and a bit nicer than a 66. Meow felt it deserved a 66+ or a 67. Meow has a few state quarters in 67, and this looks in some ways better. (Besides the light patina of age) And note that it does not state SMS on the label. toning)
If this quarter was an SMS MS66, Meow thinks it would not be worth the cost of the holder. At least with a business strike, MS 66 has at least some value. But Meow does feel it was a bit under graded.
Based on the photos provided, I feel this coin resembles an SMS more so than a business strike. So, maybe this explains why? As some have suggested, the die-polish lines are present and their direction/position seems to match up exactly w/ the SMS coins I'm viewing. If you view the area around, E, R, T in Liberty, you can really see what I'm referring to. This has been a great thread and has spurred me to do some study this evening. Thanks Meow. Do you have a photo of this coin showing it and the slab in its entirety? Thank you!
It's difficult to say. Here's a very mirrored SMS: Here's a closeup of the area I mentioned: Yours: A business strike 1965 lacking any polish lines:
That is the nicest 65 business strike I've ever seen! Out of almost 2 billion coins I doubt there are more than a few this nice.
Meow's quarter is not as mirrored as the SMS. Those polish lines are pretty cool, it adds depth to the design.
Just because the slab doesn't say it doesn't mean it isn't. Even the TPG's can't always tell them apart. My first impression whenever I look at an image of a certified 1964 SMS coin is that the fields are covered with obvious die polish lines not a "smooth satin like appearance"
The problem is that they made so many different looks to the SMS because they were experimenting with different processes and techniques. The only thing they all have in common is a high tonnage strike. Unfortunately a few circulation issues probably have nearly as high of tonnage. The mirrors are caused by basining but not all SMS dies were basined. Not all dies were sandblasted to get the cameo. Indeed there are some SMS that appear to have been struck twice so are technically Proofs. There are 1966 quarters that were made by heavily polished dies on heavily polished planchets and then (obviously) hand placed in the sets since they are almost invariably free of marking. They may have been struck twice judging by the look. Ironically I find these to be the ugliest of all the SMS!!! Back in the old days I didn't even save them despite their scarcity (<.5%)! I still don't save poor examples of it. I like your '65 a great deal and suspect it isn't an SMS coin. It is certainly under graded and would go much higher if the grader agreed it's not SMS. I fear that a regrade would result in a SMS 67 grade. I should remind you though that I couldn't be certain it's not SMS even if it were in hand and photos can mask a lot of information. I believe from the photos it would still not look like SMS to me in hand.
I probably should compare these to others I have. You may well be right that it's an obvious SMS that I missed.