Imagine finding a small fortune tucked away in an old toolbox. That’s exactly what happened to a family in Iowa. A rare 1964 Kennedy half dollar, discovered in a dusty garage, is now valued at over $50,000. This incredible story shows how hidden treasures can turn up in the most unexpected places.
A Surprising Family Find
The Discovery
The Thompson family was sorting through their late grandfather’s garage in Des Moines, Iowa. Among rusty tools and forgotten trinkets, Emily Thompson, 36, spotted a small tin. Inside, wrapped in wax paper, was a single coin with a note: “Keep this. It’s special.”
The Coin’s Identity
The coin was a 1964 Kennedy half dollar, but not an ordinary one. It was a rare Special Mint Set (SMS) edition. These coins, minted after President John F. Kennedy’s assassination, are incredibly scarce and highly prized by collectors.
Why Is the 1964 SMS Kennedy Half Dollar So Special?
Unique Features
Unlike standard 1964 Kennedy half dollars, the SMS version has distinct traits:
- Satin-like finish: A smooth, polished look.
- Sharp details: Crisp engravings, especially on Kennedy’s profile.
- No mint mark: A key identifier of SMS coins.
- Limited production: Experts estimate fewer than 20 exist.
Historical Significance
Minted to honor President Kennedy, these coins were likely test strikes or presentation pieces. Their rarity makes them a numismatist’s dream. “Finding one in pristine condition is like hitting the jackpot,” says coin expert Grace Li.
The Coin’s Staggering Value
Professional Grading
The Thompsons sent the coin to a grading service. It earned an SP67 rating, meaning “Superb Proof.” Coins in this condition are nearly flawless. Depending on the market, this Kennedy half dollar could sell for $50,000 to $80,000 at auction.
Market Trends
Here’s a quick look at recent sales of similar coins:
| Coin Type | Grade | Auction Price | Year Sold |
|---|---|---|---|
| 1964 SMS Kennedy Half Dollar | SP67 | $75,000 | 2024 |
| 1964 SMS Kennedy Half Dollar | SP66 | $48,000 | 2023 |
| Standard 1964 Kennedy Half | MS65 | $200 | 2025 |
Why Collectors Pay Big
The coin’s rarity, historical value, and condition drive its price. Collectors are eager to own a piece of American history, especially one tied to a pivotal moment like Kennedy’s presidency.
A Family Treasure with Deep Meaning
Sentimental Value
For the Thompsons, the coin is more than money. “Grandpa loved history,” Emily said. “This coin feels like a gift from him.” The family believes he hid it intentionally, hoping they’d find it one day.
What’s Next?
The Thompsons are torn. Should they sell the coin, keep it as a family heirloom, or donate it to a museum? “We’re still deciding,” Emily shared. “It’s a piece of Grandpa’s legacy.”
How to Spot Your Own Hidden Treasures
Check Your Collections
Experts urge everyone to inspect old coins, jewelry, or keepsakes. Look for:
- Unusual markings or lack of mint marks.
- Notes or packaging suggesting value.
- Coins from significant years (e.g., 1964, 1969, or bicentennial editions).
Where to Look
Hidden treasures could be in:
- Old toolboxes or safes.
- Attics, basements, or storage units.
- Family heirlooms like jewelry boxes or photo albums.
Next Steps
If you find something unusual:
- Don’t clean the coin—it can lower its value.
- Contact a reputable coin dealer or grading service like PCGS or NGC.
- Research similar coins to understand their market value.
Other Rare Coins to Watch For
The Kennedy half dollar isn’t the only valuable coin. Here are others to look for:
- 1953 Red Seal $20 Bill: Known for its vibrant red ink, some sell for thousands.
- 1976 Bicentennial Quarter: A rare error version recently sold for $20,000.
- 1969-S Doubled Die Lincoln Penny: Can fetch $25,000 or more in good condition.
Tips for Aspiring Coin Collectors
- Learn the Basics: Study coin grades (e.g., MS, SP, PF) and mint marks.
- Join a Community: Connect with local numismatic clubs or online forums.
- Invest in Tools: A magnifying glass and coin guidebook are essential.
- Stay Updated: Follow auction results and market trends on sites like Heritage Auctions.
- Be Patient: Building a valuable collection takes time and research.
FAQs About Rare Coins
1. What makes a coin rare?
Rarity comes from low mintage, unique features, or historical significance. Errors, like doubled dies, also increase value.
2. How can I tell if my coin is valuable?
Check for unusual features, like missing mint marks or distinct finishes. Have it graded by a professional service.
3. Should I clean old coins?
No! Cleaning can damage the surface and reduce value. Leave coins in their original condition.
4. Where can I sell rare coins?
Reputable dealers, auction houses, or online platforms like eBay are good options. Always verify authenticity first.
5. How do I start coin collecting?
Begin with common coins, learn about grading, and connect with collectors. Books like “A Guide Book of United States Coins” are great resources.
Conclusion: Your Treasure Awaits
The Thompson family’s discovery proves that treasures can hide in plain sight. A single coin, tucked in a toolbox, turned out to be worth a fortune. Check your drawers, boxes, and heirlooms—you might be sitting on a piece of history. Start exploring today, and who knows? Your next find could be a life-changing discovery.