Would You Offer 15K For This 1964 SMS Kennedy?..I Did...

1964 PSGS SMS 68 Kennedy Half. I'm offering 15K for this coin via Heritage. I already own one. But want a PCGS graded SMS 68. To the owner: This will be my final offer on this coin.

http://coins.ha.com//common/view_item.php?Sale_No=1124&Lot_No=2929&type=moto-offer-buyer

 

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I guess if you have $15K just laying around somewhere...
It is a nice coin. It sold over a year ago for a 10K and some change, and my guess is, without doing any searches, that not a lot of these hit the market. (Often anyways)

Overinflated PCGS values list it at much more than your offer, but if you are confident that it is a fair price to pay, stand by your offer.

 

SMS coins from 1964 are extremely rare and there is a group of collectors that want these coins very badly. Obviously, you are one of those people. I personally would not offer that money for this coin, but I also don't collect SMS coins. If I did, I would not hesitate to spend the money. Good Luck!

On a side note, the Heritage auction listing speaks of the die polishing lines yet the die polishing lines appear to criss cross. I think we should let them know that it should be referred to as die condition lines in the future.

 

Yes I agree die condition lines..

No I'm not really a SMS coin collector...I mainly collect Jeffersons... have a load of super nice Jefferson full steps and errors....but the 1964 SMS coins are rare. I own a 64 SMS Kennedy and 64 SMS Jefferson.... I suspect the owner will not sell the coin..but you never know... He will make aprox 35% profit on it in a year or so...not bad....If i could get the only SMS69 Kenedy..I'd buy it....

 

Can somebody tell me why the 1964 SMS coins were supposedly struck? Were they errors or were they presentation pieces for some dignitary?

If I were to spend $15k on a modern coin, it would definitely be this one (discounting the legendary 1964-D Peace Dollar of course . I don't know enough about the series to advise you on market conditions, but my gut is that more will come to the market as the economy worsens. You might be able to pick one up just as cheaply if not more cheaply.

 

There is a MS69 coin. If you are going to spend that much money, why not try to locate that one (if it is on the market)? What's an extra $5k or so when you have a budget that deep.

 

I have no idea how to locate the SMS 69..If I did I wouldn't be offering 15K on a coin that has a population of 4 in this grade....I'd double the offer for the SMS 69..Which in PCGS grading standards in literally a perfect coin...

 

http://coins.ha.com/common/view_item.php?Sale_No=346&Lot_No=7926

Cross this to PCGS! The highest offer appears to be much lower than your highest offer for the MS68 SMS. $30k may change the seller's mind. Yes, I know it's NGC. If you insist on PCGS, I'm sure that this coin would cross. Best of luck.

 

wow!...thanks...I'm sure it will cross to a PCGS SMS 68...but thats fine...just made an offer....And yes I do insist on PCGS ...fair or not PCGS graded coins command the highest price/value and investment...That said, I have Full Step Jefferson's PCGS gave the designation to...that I know NGC would never had...strange....But I noticed that coin has a rotated die clock wise...Look at the pictures of the coin in the slab....

 

I hope it works out for you. P.S. I think the coin will cross to PCGS SMS MS69

 

I think you might be running into the problem I had....the owner might not own the coin or doesnt know your even offering.

read here
http://www.cointalk.com/t142308/

 

That's not good. At least it was a thought.

 

yes...that's true....

 

My guess is that the coin has not changed hands. Usually when a piece like this hits the market, everybody knows about no matter what auction house gets it. It is more likely that the current owner simply doesn't check his HA.com collection manager very frequently.

 

for the coin sold in 2009 I agree thats why I said he probably dont know. But the 2004 coin could be sold already. Who knows LOL

 

That's a lot of money for a conditional rarity, and way too much for me, personally.

When I see any coin, I think of the coin's value outside of the slab -- how much would you or a dealer pay for the coin raw. If there's a big difference between the raw and slabbed value, I generally pass. This coin fails that test.

However, I cannot question another's decision to spend their money how they see fit.

 

I don't think anybody's opinion matters but yours. Personally, I don't care about differences among coins that I can't myself discern. That's why the MS-68/MS-69/MS-70 craze means nothing to me. I'll take a handsome AU-58, pay a tenth as much and feel I've done well.

What you want and what it's worth to you is something only you can answer.

 

Mike, I think it is a little unfair to call any coin with a total mintage of about 50 coins a conditional rarity. 1964 SMS coins are worth big money in any grade!

 

I would not sell you the coin at $15k given that a PCGS 1964 SMS 67 example sold for more than $16k this January (link below). To buy the MS68, you're probably looking more in the $20k - $25k ranger and $30k - $35k for the MS69.

http://coins.ha.com/common/view_item.php?Sale_No=1136&Lot_No=2793