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The Certified 1998-S Kennedy Half Dollar SMS graded MS69 by PCGS is a distinguished example of modern U.S. numismatics, notable for its unique status as a Special Mint Set (SMS) issue and its connection to a commemorative moment in American history. Unlike typical circulation strikes or proof coins, the 1998-S SMS Kennedy half dollar was issued as part of the 1998 Kennedy Collector’s Set, a two-coin set released by the U.S. Mint to honor both President John F. Kennedy and his brother, Robert F. Kennedy. This coin's MS69 grade, awarded by Professional Coin Grading Service (PCGS), indicates that it is a nearly flawless specimen, exhibiting exceptional strike, luster, and overall preservation.
The Kennedy Half Dollar series began in 1964, just months after the assassination of President John F. Kennedy. The obverse design by Gilroy Roberts features a left-facing profile of Kennedy based on his official inaugural medal, while the reverse, designed by Frank Gasparro, displays a heraldic eagle modeled after the Great Seal of the United States. These iconic designs have remained largely unchanged throughout the coin’s history, and in the case of the 1998-S SMS issue, they are rendered with remarkable sharpness and depth due to the special minting process used for SMS strikes.
What sets the 1998-S SMS Kennedy half dollar apart from other issues in the series is its method of production and its intended audience. The coin was not released for general circulation, nor was it struck with the mirror-like surfaces of a traditional proof. Instead, the U.S. Mint employed specially prepared dies and planchets to produce a satin-like matte finish with high detail and soft luster. This distinctive appearance provides a unique visual texture that falls between standard Mint State and proof finishes, appealing to collectors who value both rarity and striking aesthetics.
The coin was only available as part of the 1998 Kennedy Collector’s Set, which also included a commemorative Robert F. Kennedy silver dollar. The limited production run of approximately 62,000 sets makes this 1998-S SMS Kennedy one of the lowest mintage coins in the entire half dollar series. This scarcity, combined with its distinctive finish and historical context, contributes significantly to its desirability among collectors, particularly those building specialized sets or seeking standout issues within the broader Kennedy series.
Struck in the standard clad composition of 91.67% copper and 8.33% nickel, the 1998-S SMS Kennedy half dollar weighs 11.34 grams and has a diameter of 30.6 mm. Though it does not contain silver, its value lies in its rarity, superior strike, and exceptional eye appeal. In contrast to business strikes that typically show contact marks and weak strikes, this SMS coin features sharp details in Kennedy’s hair and facial features, along with a fully realized eagle and shield on the reverse—attributes that are accentuated by the satin finish.
The PCGS MS69 certification is especially significant, as it places this coin among the finest known examples. MS69 is the highest Mint State grade realistically achievable for modern issues, as very few coins attain the perfect MS70. Coins graded MS69 show no visible marks to the naked eye and only the most minor imperfections under magnification, such as an inconspicuous nick or tiny spot in a non-focal area. These examples exhibit full original luster, precise strike, and excellent surface preservation, all of which apply to this particular 1998-S SMS half dollar.
PCGS is widely respected in the numismatic community for its consistent grading standards and secure encapsulation. The PCGS holder offers long-term protection and authenticates both the coin’s grade and its Special Mint Set designation. This label is critical for distinguishing this coin from regular strike or proof examples from the same year, ensuring that collectors and investors understand exactly what makes this issue special. It also adds value for those participating in registry sets, where top-pop examples with specific designations are particularly prized.
Visually, the 1998-S SMS Kennedy half dollar offers a beautiful matte sheen that highlights the artistry of the original designs. The obverse showcases Kennedy’s profile in soft, frosted relief against a smooth background, allowing for an elegant play of light that emphasizes the sculptural qualities of the portrait. The reverse displays the eagle with stunning clarity, revealing fine detail in the feathers, arrows, and olive branch. The overall aesthetic is one of subtle sophistication, different from the dramatic contrasts of proof coins but more refined than ordinary circulation issues.
For collectors, the 1998-S SMS Kennedy half dollar represents a unique convergence of historical significance, low mintage, and high-grade preservation. Its connection to the Kennedy legacy, particularly through the commemorative set it was part of, adds to its emotional and historical appeal. As one of the few non-proof Kennedy halves released in this special format, it is often sought after to complete high-end or theme-based collections. Investors also appreciate its limited population in MS69 condition, which supports long-term value stability.
In conclusion, the Certified 1998-S Kennedy Half Dollar SMS MS69 PCGS is a remarkable modern numismatic piece. Its Special Mint Set origin, low mintage, unique satin finish, and exceptional grade make it a standout among Kennedy half dollars. With strong ties to American history and presidential commemoration, combined with near-perfect physical quality and professional certification, this coin holds significant appeal for both collectors and investors seeking rarity, beauty, and enduring value in one coin.